Finding a niche market means doing a lot of research to identify whether the product you wish to sell or promote is in demand, to identify the competition and to analyze your data to determine if selling this product would be worth your time and effort.
The goal is to find a niche market that will have enough people who want to buy your product, and one that has the potential to make a profit due to low competition.
This can be done quickly, easily and painlessly with the use of a great Keyword Research software tool.
Keywords are the “key” to Finding Niche Markets
 |
Keywords are words or phrases used when people search the internet. A long tail keyword is a specific phrase such as “what is a niche market.” |
|
Search engines are the best source to identify demand and competition since they do nothing but gather data, index that data and keep statistics. They keep track of phrases used by web surfers. Thus, if you want to find out what people want, you need to identify what keywords people are using when searching the internet. |
|
Finding keywords alone is not good enough. What you want to know is which keywords or search phrases are the most popular. |
keywords Search Tools
|
Finding profitable niche markets is a time consuming effort. A Keyword Search Tool is a must to quickly identify Niche Markets. |
|
There are free tools such as GTrend put out by Wordtracker. Enter a keyword and it returns 100 related keywords and an estimate of their daily search volume. This simply isn’t enough to find profitable niche markets, but it’s free! |
|
The well known tools such as Wordtracker are expensive. For instance, Wordtracker charges an $329 annual fee or a $59 monthly fee to use their service. |
|
“No, thank you.” Just because a tool is expensive or popular doesn’t make it the best tool to use. I find that the more expensive the tool is, the more complicated it is to use. |
|
Obviously you’ll need to spend money to purchase a Keyword tool, but it doesn’t have to cost an arm and a leg. There are “jewels” out there and I found one, it’s called Micro Niche Finder. Not only powerful, it is inexpensive and comes with free lifetime upgrades. It’s quite a deal! |
Micro Niche Finder – the tool I love to use.
Created by James Jones, Micro Niche Finder is a powerful and easy to use keyword software tool which is affordable and comes with free lifetime upgrades.
Micro Niche Finder gives you the ability to find profitable niche markets in minutes. By entering entering a search term, it provides the following information:
|
Exact Match Phrase: Returns exact match phrases based on the search term you entered. |
|
Search Count: Gives the average monthly count for the number of times each exact match phrase was searched in Google each month. |
|
Phrase Count: The number of web pages that are indexed in Google for each match phrase. |
|
Ad Cost: Should you want to advertise using Google Adwords, it will return the approximate cost to obtain the top position in Google Adwords. |
|
OCI: Online Commercial Intent shows the likelihood of a searcher making a purchase. A commercial intent of 50% or greater means a searcher is likely to buy. |
|
SOC: Strength of Competition in terms of web site optimization. Micro Niche Finder shows a a red, yellow or green button to quickly identify the competion. Red – competition is high. Yellow – moderate competition. Green – competition is low. |
A potentially profitable niche, one that deserves further research, will come close to the following qualifications:
|
Phrases that have a search count of 250 or greater. |
|
And a phrase count of less than 10,000. |
|
And have a 50% or greater commercial intent (OCI) |
|
And a low strength of competition, a number less than 101. |
