Affiliate marketing is one of the easiest and excellent way to make residual income online.However for that to be achieve,affiliate must find a hot profitable market to target i,e finding a niche for yourself. Finding the right market to is critical to your success.It is adviceable to choose a niche that you have a likeness for because it will possition you as an expert thereby making it easier for you to work in a market you enjoy and know something about.
Since the internet is your market place and for you to really earn that six figure income selling information prouct, you have to do market research in your market niche to see if people really want what you have to offer.Once you find the right market to promote, what is left for you is to position yourself as an expert in that market niche in terms of providing a valuable information and product offering.
Therefore to find a hot profitable market in your niche,you have to explore your market ideas to see if there is any prodiuct existing in your market.
Here is a step by step guide on how you can do that
STEP ONE: VISIT SITE THAT SELL INFORMATION PRODUCT
Since your focus is on information,you have to visit site which are focus on information such as ebook.A good example is at www.amazon.com.Go to amazon home page at www.amazon.com and type in your market keyword into amazon search box and see the result that comes out.In the screen shot, you will see pages upon pages of result some of which are more specific than your original search.For you to know if the market has a lot of information,clicks on one of the listed book and you will see that people that buy the book you click on also buys the ones that springs on after you click on it.
STEP TWO: LOOK A SOME COMPETITION
The next thing to do is see if people are paying to advertisement on the niche you have choosen in other word ,to see whether they are offering product for sale.A practical example can be done with the google search engine.Type in your keywords as a your search terms in google .The result you see are lot of free information site in the natural results,look to the right hand side to see if there is sponsored advertisement as well.
If there are lots of sponsored advertisement that shows that people are making money from the niche and that serve as your key to making loads of income from the market.
STEP THREE: DO KEYWORD RESEARCH ON MARKET SPECIFIC TERMS
At these point,you have to generate a bigger list of related search terms discovering how many search per month occur for these terms and also to find out how much advertiser are paying per clicks to run advertisement on these search terms.
The reason for doing these will enable you to estimate market demand market demand by looking at the number of searches,estimate how much traffic you will get as well as get the real picture of how profitable is by weighing advertisement cost against how much profit to get per sale.
In other to do keyword research ,you need to use keyword researh tools some of which are free while some you have to purchase.Examples are:
GOOGLE EXTERNAL KEYWORD TOOL(FREE)
http://adwords.google.com/select/keywordToolExternal
OVERTURE/YAHOO SUGGESTION TOOL(FREE)
http://inventory.overture.com/searchinventory/suggestion/
GOOD KEYWORD
http://goodkeyword.com(paid)
Once you find the right niche to target what remains for you is to possition yourself in that market in terms of information and product offering.
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