Make The Money Blog

(A 5 part series on making money online)

If you missed it, click here to read part 1
If you missed it, click here to read part 2

Part 3 will discuss the competition for your niche.

Competition

Many people will tell you that you should always choose a low competition and high CPC, however this is like finding a needle in a haystack! Competition online is not nearly as important as your marketing efforts, especially if you know about SEO optimization. If you have strong knowledge of your niche (subject or topic) you can choose the most competitive niche, as your experience and knowledge will allow you an advantage of many websites that are merely trying to capitalize on the keyword without an intimate knowledge of that niche.

So do not be afraid to enter a field that has very high competition. Your choice needs to be directly related to how aggressive you will market your website and how intense your knowledge is in that niche. For example, Forex is a highly competitive area, and has very high CPC (as much as $15), if you are an expert in brokerages, trading, stock markets and currency, then this is an ideal market for you. On the other hand, if you know very little about the subject, you will struggle to make your first dollar.

Think Wal-Mart

Competition in an online business is not highly relevant, just like it is in the offline world of business. If you were to start a business in the brick and mortar world, would you really worry about how many other businesses that will compete with you? For example, Wal-Mart does not weigh heavily on how many other discount stores are in an area when they propose to build one of their stores. They know they will be competing with grocery stores, discount clothiers, toy stores and pharmacies. Yet, they will still venture into an overcrowded market.

The reason Wal-Mart is able to do this, is because they offer discount merchandise, they have a well-known brand name and they know their markets. In the same respect, if you enter a market that is overcrowded, you must offer something others do not. This will set you above that competition and allow you to capture a larger percentage of the market share.

Look at the aspect of competition in an online business, if there are millions of websites related to your niche, and you are going to look like all the rest, you will have a tough time in competing. However, offer more value, and use wordpress SEO secrets as well as something to keep your market coming back to you and you will be able to compete even in the most overcrowded niches.

Beating The Competition

It also should be noted that if you commit yourself and dedicate resources to aggressively promoting your niche website, you would find that you could beat out much of the competition. Mainly because many niche sites are not heavily promoted, as many Internet Marketers attempt to put everything on ‘autopilot’. So, do not be afraid to enter a competitive niche. Dedication, aggressive promotion, and knowledge in your niche will help you succeed.

To determine the competition for a particular keyword, you can go to Google, or any search engine and type the keyword. Use quotation marks around long-tail keyword phrases to see how many websites use that phrase. The total number in the right hand corner of Google will tell you the resulting pages. This is the number of competitors you will have for that phrase.

Again, remember it is not the number of competing webpages, as much as it is your method of getting higher ranks and aggressive promotion. You can learn more about traffic by looking into this guide, 3 Steps To Search Engine Success

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This concludes part 3, stay tuned for Part 4 (Advertisers)…

(A 5 part series on making money online)

There are many different methods to finding a good niche to make money online; however, most of these techniques require you to purchase some software. In this article, I am going to show you how to locate a lucrative niche without spending money on additional software.

Free software is usually one of the best way to make money, although it helps sometimes to spend a little on building your business. Although free methods are good for beginners, you definitely need to spend money on the ‘How To’ in building your site and generating traffic.

There are five criteria for finding a good niche to make money online:

1. Interest
2. CPC ratio
3. Competition
4. Advertisers
5. Searches

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Interest

You must have a genuine or active interest in the particular niche you are choosing to make money. The base reason for this is, if you have little interest, you will soon abandon your plans before you begin to make money. Consequently, the additional research that is required to continue in your making money venture will eventually cause you to lose interest as that novelty wears off.

Just because a niche is extremely popular, does not necessarily mean you will be able to make money from it. As the internet is a vast resource of information, you will find yourself stuck in the ‘fad’ mode if you just keep chasing the latest or the trendiest of topics.

Try to resolve yourself to choosing something that is not subject to the hottest trend or the flavor of the month, and consider building a home based business that will earn cash for many months and even years. The secret to success in an Internet Business is a long-term website with a steady flow of traffic.

So, choose a niche that you will have a long-term interest in doing, not just because you can make money at it. If you lose interest in the subject, you have accomplished nothing more than wasted time and effort. The best way to make money is to properly follow the advice of professionals in the Internet Marketing field to make money from your online business. You can read reviews of the top 3 Internet marketing business models here.

Subscribe Now so you do not miss any of these important tips to make money! Click the RSS feed or email icon to your right, under the Keep up to date.
Go to Part 2…