5 Quick and Easy Ways to Know if Niche or Product is Profitable with 100% Certainty...
One of the smartest things you can do as an internet marketer is to 'nichify' your business and expand into other profitable markets.
Afterall I'm sure you're aware that there's an abundance of other products you could be selling RIGHT NOW that people love spending money on.
So here's something to think about...
Why would you want to spend your entire online career just selling a handful of products in the internet marketing niche and invest so much time convincing people that your product works before they buy?...
Isn't it easier to sell to people who are already in the mood to spend and just need a little nudge to get them to take action?
Here's another thing to consider...
Why would you invest your time and energy in an obscure niche that has a short shelf life with little or no 'buyer intent' and one that you can't scale?
You'll have such a hard time finding new customers and when you do get some sales in, you're still wonder how long it's going to last.
That's why it's so important to choose your niche carefully and to be picky about the products you sell, and who you sell it to.
With this in mind you may have question like... "How do you know which market to get into?"... "How do you know if there's profit to be made?"... "What type of products should you sell?"... Can it be scaled?"... and "Will it still be profitable years from now?"... "
So here are 5 simple things you can do right now, that only take a few minutes to find out if a niche is profitable...
Check #1 - Are There Products Currently Being Sold Related to Your Niche?
Check sites like Amazon, eBay, Google, ClickBank, JVZoo. Check the sales stats, gravity scores, seller feedback, reviews and paid ads. These tell you what's selling right now so there's no need to second guess!
Take a look at the screenshot above. Notice that one seller has sold 304 copies of a $14.99 product. That's $4,556.96 in sales. Of course there are other factors such as listing fees and the shipping cost added to the product price... but you get the point. Clearly there's money to be made.
...And this only represents one seller on ONE platform... and it doesn't include what the seller is doing in the back-end. With that many customers... do you think he or she is selling other related products to the same person? You bet!
Check #2 - Are There Many Types of Products in that Niche?
For example in ClickBank's 'health and fitness' category you'll see weight loss guides like... Leptitox, Cinderalla Solution, Organifi, Keto Diet, Flat Belly Fix, Eat Sleep Burn and more. The more products the better because not only does it tell you what's selling but gives you plenty of products to promote as an affiliate.
Check #3 - Are there Paid Memberships Sites with Recurring Billing in that Niche?
Example, check the ClickBank 'health and fitness' category again. Organize it by 'Avg%/rebill' and you'll see 'Ketogenic Accelerator' with an aeverage rebill total of $164.23 with initial sale of $7.92. This means that seamingly unprofitable spending habits can lead to a long term membership committment, even potential for high-ticket offers.
Check #4 - Are there Solo Ad Providers in that Niche?
Check solo ad sites like udimi.com, safe-swaps.com and warriorforum.com special offers. If a marketer invests many years building a niche list... no to mention spends $1000s on content creation and advertising... do you think there is profit to be made?... You bet! If there are several solo ad providers that can sell 500-1000+ email clicks then you know there's money to be made in that niche!
Check #5 - Are there Enough Monthly Searches and Long-Tail Keywords Available?
Check Google's Keyword Planner or keywordtool.io - type in a primary keyword like 'weight loss' and look for variations with a consistent monthly search volume and medium to low competition. Consistency means it's evergreen and the traffic will always be there. Low competition means there's a chance for you to rank for those keywords easily to get free traffic.
Knowing this you can now you can create content such as blog posts, aritcles, videos, audios, infographics, reports and more optimized around those keywords. You'll get ranked on search engines, directories, video sites, file sharing sites, social media networks and more for free organic traffic. Direct that traffic to your website and you've made a sale!
Final Thoughts...
You've just learned how to find a profitable niche and know for sure if what products are selling right now. Remember the evidence is ALWAYS in front of you and now with these steps alone you have the sites, tools and methodology to know if a niche is profitable.
With this in mind...
Don't limit your income to only a few products in the 'make money online' niche when you can sell more products to more people in other markets that are less challenging.
Don't limit yourself to just one type of email list that's only interested in 'internet marketing products' and 'make money online opportunities' when you know there's plenty of other highly desirable and timeless products you could be promoting.
Don't limit yourself to just one sales funnel when you could be building MULTIPLE funnels that attracts more people, builds your business faster and ultimately rakes in more profit.
There's money to be made and many niches to conquer! Take action now and make things happen!
Posted and written by Aaron Danker - With over 18 years of online experience, Aaron takes complex subjects and breaks it down into simple layman's terms that anyone can follow. He provides high-level training, done-for-you solutions and website installation services so everyone can learn and profit. This blog is a insider journal of all the best tried and tested marketing methods to date backed by years or trial and error. If you'd like to learn more from Aaron and start your online business then sign up now for a free online masterclass.
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