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Newbie Guide on Niche Market Reasearch

To create a winning product, market research is the first and most crucial stage. You must first find your targeted hungry buyers BEFORE you create a product. In other words, find a niche market which is ready to buy your products. Many newbies make a mistake of creating a product first, then try to market it and end up disappointed when there is no one to buy the product. So researching the market and identify the ready buyers will definitely helps to eliminate this problem.

Another big mistakes newbies make is creating products targeting the big markets, which is supposedly highly profitable. While it is through that niches such as Internet Marketing and MakeMoneyOnline are very profitable but these niches are just way too big and competitive for a newbie. Besides, there is no way a newbie can compete with marketing gurus with huge lists and joint-venture partners to start with. The competition is simply so huge that it will crush any newbie just starting out. So, don't make the same mistakes as most newbies do.

Therefore, the first key to create a winning product is to find a profitable niche. Basically, a niche market is a specific group of people with the same interest. You has a much better chance of success if you focus on a very specific group of people. Find out what they want, create a product and sell it to them! That is it! It is as simple as that. The niche which newbies should target should not be too big, and not too small either, of course. Most importantly this niche group should have spending power, which means, they are ready to take out their credit card and buy your product. It would be useless to create a niche product for a school children, for example, even though your market research may show that there is a market. If you are keen to create a product for children, target the parents instead, as they are the ones with the credit cards!

Here are some simple steps which you can easily find your niche market:

First, open Overture Keyword Selector tool at http://inventory.overture.com/d/searchinventory/suggestion/
and start keying in the keyword of niche market which you want to target. Try basic products which you may be interested in selling, such as dog training, auto repair, or digital camera. The results will tell you the number of searches in a month. You should target a specific niche which has a decent number of searches. For example, “dog” has 3716120 searches. While the numbers shows a massive customer base in this broad niche, you would not want to write a book on “Dogs”. But if you scroll down and look at other keyword terms, “dog training” fetches 54505 searches per month. This would be a better niche to target.

Now you want to go to Google or other major search engines to find out the number of result pages which has your target niche term. This will determine the level of competition in your niche. To determine the searches and competition ratio, I find NicheBot (http://www.nichebot.com) most handy and it is free!

Now, let's analyze the numbers. I am going to use the same example as above, the keyword “dog” has 1,727,003 searches, while it has 6,570,000 in the search engines. As you can see, the level of competition is very high. Therefore, it is not a good idea to target this broad niche. On the other hand, “dog training” has 1,463,802 searches a month, while there is only 120,000 pages in the searches engines. While the demand is high, the competition is relatively lower, so this may be a good niche market to target.

You may want to spend more time to research for the right niche market. This is a step you should not miss. The steps above is only a very basic but essential steps which will determine the success or failure of your first niche product.

A W Surveys - Site Review

Version summary: Join Now

-- 4 dollars per Survey

-- 6 U.S. dollars in the initial survey

-- 1.25 U.S. dollars per member state that

-- Payout by PayPal, of 75 U.S. dollars (see details below)

-- Many surveys, 2 minutes each and very easy

-- Requirements: No PayPal account, learn English

In AWSurveys, you win some money by conducting surveys, that this site, are slightly different, in the right direction.

The surveys of A.W. work as follows: you evaluate, in English, at least 3 sentences, two sites that appear there. Then click on

a button below to confirm, and you automatically earn 4 dollars.

In the initial survey, which is what you get when register on the site, you gain 6 U.S. dollars.

Other surveys are normally 4 dollars, although they can vary between 1 and 25 dollars.

For each member that you indicate, you gain 1 U.S. dollars and 25 cents.

Then, with 10 listed, you gain 12.5 U.S. dollars.

Once we reach the sum of 75 dollars, you can ask for payment.

When you ask for PayPal, are discounted $ 25, the speed and priority of payment (only 3 or 4 days of standby).

If you do not live in the U.S., PayPal is the only option.

Many people wonder how often new surveys are posted on the site.

The A.W. replied that the surveys are sent based on age, gender and areas of interest.

They also say that you receive an email when a new survey is posted, but is still important log into the site periodically.

Each survey, for me, lasted 2 minutes. As for the payout minimum, until it is easy to achieve.

Suppose you make an offer on a site Paid to Signup (PTS), offering 5 cents for each member to register in AW Surveys.

You have a limit of 20 entries, which are fully completed soon. You won $ 25, that is the price the rate of payment.

You also get a survey of four U.S. dollars every day, for example. In 13 days, you get 52 dollars, and we may request

payment along with the earnings of listed. If you receive a survey of four U.S. dollars every two days, then receive 52

U.S. dollars in 26 days, less than a month.

Freelance Writing

There are a number of different ways to make some extra money from home. Based on what you see on numerous web sites, you can earn money by stuffing envelopes, creating web sites or joining a multi level marketing program.

And perhaps some people do make some money that way. But after over twenty years as a freelance writer, I can't imagine a better way to work from home and earn a decent income.

Here are my top 4 reasons why I think freelance writing is the perfect home based business...

1. It costs you almost nothing to get started.

If you are reading this, you already have a computer and an internet connection. And that's pretty much all you need. Maybe some sheets of paper and envelopes from time to time.

With freelance writing you can start earning right away and you don't need to invest in any additional software or equipment. Your brain and a keyboard are all you need.

If you have some background in commercial writing or copywriting, you really can get started right away. If not, you might want to invest in a good writing course to give you the skills and knowledge to do great work.

2. You can adapt your work to your circumstances.

Freelance writing is something you can do full-time or part-time.

It is open to everyone, whether you are single and have all the time in the world, or have children and can only work for two or three hours after they go to bed, or while they are at school.

Your age doesn't matter, however young or old you are.

Where you live doesn't matter, whether you're in a big city or out in the country somewhere.

3. You can get started without giving up your day job.

You don't have to give up your job to get started. Plenty of professional commercial writers earn their salary and then do a little 'moonlighting' on the side. But even if you are employed in an unrelated profession, you can still do some writing when you're not at work.

4. A good economy or a bad economy. They are both good for freelance writers.

When the economy is roaring, there is always plenty of work for good freelance writers. Companies have more writing work than they can handle with their own staff.

But here is the magical part: even when the economy goes bad, and companies are laying off employees by the thousands, it's still a good time for freelance writers. The more employees that companies let go, the more dependant they become on outsourcing their writing needs to freelancers.

When times are bad, this is a wonderful position to be in. Nobody can fire you, and there is always some work out there.

Concluding thoughts.

If there is a better way to work from home and make good money, I haven't come across it. Even if you don't have any commercial writing experience right now, you can still learn and still start earning some extra money.