Now let's see the second component ...
- Competition
One of the biggest misconceptions regarding niche marketing is that there is considerably less money in it than with the mainstream markets. Honestly? It’s just another inexplicable, stupid and hard-to-kill myth. In my opinion: when there is less competition it is far easier to penetrate markets and efficiently target your customer base! So, hear me out! Here’s an essential tip that will help you to crack the “how to affiliate marketing” mystery: the smaller the niche the better. And believe me, there is virtually no limit to how narrow you can go!
Your goal is to find a highly narrowed (sub)niche with enough people searching each month to make you a nice income stream (preferably at least 1,000 searches per month). With these smartly narrowed niches you will have less competition in both numbers of competitors and size of competition. As a result you’ll find the competition easier to deal with and that in itself is huge advantage in affiliate marketing. Additionally, less competition means that you have better chances to successfully sell even more expensive products.
So don't forget: very narrow areas of expertise can be very productive. Develop your own profile. Develop your own niche.
The easiest way to dodge the competition in affiliate marketing is to get more specific! All you have to do is to dig a little deeper. Believe me, a well-narrowed sub-niche can still have a lot of interest and more importantly, can be incredibly profitable. And there is one more important benefit: when you are focusing on a smartly-narrowed niche all your efforts are concentrated and you can easily become an appreciated, established “expert” in your niche.
Reply
Thanks for your feedback!
So ...
Demand .... Well, are many ways and indicators. Here are a few tips:
First of all any keyword research tool will give you some information regarding the associated search volume, expected traffic, etc
Second: Google Trends ...
Third: successful niche-related products promoted by the major affiliate platforms; each major platform has some sort of profitability indicator
Fourth: related online activity, interest and engagement on blogs, social platforms, forums, etc
And so on :)
Competition ... Putting aside the complex (paid) competition analysis tools and methods, it's quite easy ... Once you have a general idea regarding your niche, you'll find them everywhere: the Google Search Results Page, the niche-related online and offline communication channels, on social platforms and so on.
At the same time, I would believe, it is the initial part of finding a profitable niche that really make the difference if you will make or break it - the searching and a bit analyzing parts. Once you hit it 'bingo', you will be cruising to collect the big bucks.
Thank you for taking time to create this important tutorial.
Bookmarked.
:)Joe
And I agree ... That's the secret: analyzing a bit those componenets ...
If you are talking about the cash credits, yes, I might collect those big $5 bucks :)
But the really important thing is to help others in finding a good niche. It's a quite common question for newcomers.
Zed
I believe the tutorial will be very useful to our new members who struggle with finding a profitable evergreen niche. I have seen, while many managed to identify their niche after the training, there are still many who stuck at that level.
Thanks again.
Joe:)
I don't want to give it up because I know it is here to stay for the long term.
Mary Ann
