How to choose the perfect niche
And finally, the 3rd component ...
It’s very obvious: the conversion rate of a given (sub)niche is an essential factor that will have a huge impact on your profitability. With a higher conversion rate you’ll be able to generate a higher ROI and also, you are going to need less traffic to generate a certain number of sales or closed deals. Another golden rule that will help you to solve the “how to affiliate program” mystery …
When you are trying to find profitable niches with low competition, you are looking for 3 main components:
- a strong demand which relies on a desperate need and a real commercial intent
- a relatively small number of small-sized competitors
- high conversion ratesOnce you have made a few initial choices, you can move forward to the second step of the framework.