How To Find A Money Making Niche

Most people (including me) step into a niche and after blogging for more than 6 months they look for keywords in their niche. Eventually they end up with really sucky keywords which would hardly make them any money. So I’ll put this the other way round. How about finding awesome money making keywords first and then choosing your niche, makes more sense right?

It doesn’t matter whether you’re planning to make a niche site or a personal blog. But you should have some base that will ensure you sound money through out the period your website lives. However, the biggest mistakes that noobs make is that they choose keywords which either have no traffic, extremely high competition from big websites or have next to no money making perspectives.

So basically, this is where the right keywords come into play. Moreover, when you’re creating mutiple blogs or websites, you need good topics or shall I say any topic which gets traffic. Below is a step by step guide on how to find the big money makers niches easily.

Open the Keywords Tool

If you’re still unsure of which keyword tool to use, then it is obvious that you need to use the Google Adwords Keyword Tool which was mentioned earlier on my article on seo tools. Anyways, here is the link again and bookmark it because you’ll always need this one.

Enter Your Preferred Keywords

This is in a case where you already have some background in your mind about the niche and you want to check whether the idea is worth it or not. Just enter your preferred keywords (1 in each line) and hit ‘Get Keywords’ and you’ll get the idea of the monthly searches for each one of them.The screen shot below will help you better understand the process of finding niche keyword that will help you make money on the internet:

Finding A Niche

Well this is the golden bite here because this is how you’ll find random keywords which have a lot of traffic and great potential for making money. Unfortunately, you’ll have to go back to the Google Adwords Keywords Tool and this time you’ll select the radio button which says: ‘Website Content’ instead of the default: ‘Descriptive words or phrases’. Now this is the most important step, enter the web address of a website which has content changing frequently. I usually choose Ezine Articles or Yahoo! for this purpose. After you hit the ‘Get Keyword ideas’ button, random keywords will be selected from the page and they will be used individually to find similar keywords or synonyms.

So, basically you’ll go through the keyword and you’ll look for keywords which have good traffic. You’ll mostly find rather unusual keywords here, so pick any keywords you think will suit you, but don’t be dumb enough to pick a very short one like cell phone (In general), look for high trafficked long tail keywords. This process is further explained by the screen shot below:

Finding The Keywords That Help Make Money

Both methods above tell you how you can find niche keywords which are highly trafficked, but now comes the important part: Which keywords will make you the most money? While you might be thinking that the ones with the biggest search volume will be the most profitable, I don’t think that way.

My own theory is that since all keywords don’t have the same CPC (Cost per click) on Google, it can be used to determine the paying potential of the individual keywords. You look a little confused but there isn’t much to understand. Just learn how to do it and trust me it always works out the best. So on the drop-down box, select ‘Show Estimated Avg. CPC’. Once it comes out, just open an excel file.

Suppose you have selected 15 keywords and you want to choose the best 3 out of them. Here is what you do: Enter the names of the keywords in the first column, enter their Global Monthly Search volume in the second column and enter their ‘Estimated Avg. CPC’ in the third column. Now, for every row, multiply the value in the second column (Global Monthly Search volume) with the value in the third row (Estimated Avg. CPC) and put the corresponding answers into 4th column of the respective row.

That’s it, the ones with the highest values are the money making keywords you were looking for. Choose the top 3, and leave out the rest less important ones. That all explains how exactly you’ll find your money making niche and it’s corresponding keywords which will help you make the most money. This technique will help you in finding your niche which will make you a lot more money comparatively, I will also write an article telling why I asked you to mutiply the 2 values and then use the product to assess the keyword. Do share your experiences or thoughts with this technique.

Three Tips for Profiting with PLR Products

PLR products offer a great way for people to quickly and easily make money online. They often come as a package complete with sales letters and images. Upon acquiring PLR products, it would then be up to you to determine how best you can make money out of them. Below are a few tips you could use to ensure massive profits with PLR products.

1) Sell Them as They Are

Because most PLR products are already packaged with sales letters and images, you can effortlessly make money online out of them by selling them they way you purchased them. All you would need to do is publish all available materials on your website and you can begin selling.

2) Use Them as Incentives

Offering PLR products for free is a great way to increase the value of another product you have on offer. This works especially well with membership sites where people are more likely to sign up if there are bonuses involved. Before you do this, make sure that you have the right to do so by reading through the terms provided by the publisher you purchased the products from. As long as you have master resell rights over the products, you can essentially do whatever you want with them. That means you can give them away for free in order to augment the sales of your own online business.

3) Create Your Own Package

Among the very best ways to make massive profits with PLR products is to collect a good number of related products and sell them as a package. This will allow you to charge a higher price and make much more money compared to what you can gain if you sold them individually.

These are just three of the most popular ways to quickly and easily make money online using PLR products. PLR products can be used in many more ways to make money online and it is up to you to determine what will work best for your online business.

How to Pick a Niche

Before you get a website, you have to find your niche. A “niche” is a specific topic that you’ll base your entire website on. The topic might be “financial planning” or “baseball” or “knitting.” Regardless of the topic you choose (it can be anything) it needs to meet a few common criteria.

A website needs to have a common theme. The reason it needs to be about a common theme is simple for two reasons:

• Visitors. When someone shows up on your website they should see a single common theme. If they are looking for information about taking trips, they should see nothing but travel info. If they want information about dieting, then they should see nothing but dieting related info.

• Search Engines. Search engines rank you higher for a keyword if your website is chock full of info. This means more traffic later down the road, which means more money.

This common theme has three criteria for being a good idea for a website if you want to monetize your website in the future. So there needs to be a common theme. Right. Now what? Now you move on to figure out what that theme is. It’s something you have to be passionate about, it needs to be fairly popular, and there doesn’t need to be too much competition.

• Passion. Your niche needs to be something that you are passionate about. You’ll be writing literally dozens of articles on the topic, and will be thinking a lot about it. Don’t start a website on something just because you think it will make you money.

• Popularity. There needs to be a lot of interest in your niche. If you have the perfect website in the niche of “the philosophy of anchovies” … you probably won’t make much money.

• Competition. The less competition in the niche, the better. A great way to check the competition is to go to Google.com, type in the main keywords of the niche you are considering, and then analyzing the websites that come up on the first page. If all of the websites on the first page have over 10,000 links to them (you can check them individually at BacklinkWatch.com), then that’s probably too competitive for your first website. You can still try it, but it will be difficult.

Just remember, don’t pick a topic just because you think other people will like it — make sure you pick a topic because you like it. Your niche has to be your passion… a hobby, a pass-time, an expertise, a business idea — something along those lines. When you finish picking the topic for your website, move on to the next step… building your own website.

How to Make Money Online With a Website

Yes, of course you can make money online… thousands of people do every day. The only question is finding one of the ways to make money online that actually work.

So forget filling out surveys, stuffing envelopes, or any of the other popular so-called ways to make money online. The best way to earn an income online is through making your own website.

A website business only has to be built once, managed minimally, and will continue to pay forever. As far as a source of income, it doesn’t get much better than making money online.

How Do Websites Make Money?

After receiving several questions in person and email about my websites, I decided to provide a free resource to explain how my websites make money. It’s all actually rather simple — much simpler than what a lot of “experts” seem to imply. The entire process looks like this:

• Planning. Pick a topic that you love talking about. It can be anything… literally anything. Baseball, decorating, weight lifting, cooking… anything. I picked “financial planning” because I’m obsessed with the topic. This topic is what you’re going to base your website on.

• Building. Now build the actual website. This is much, much easier these days. A long time ago you would need to pick a domain name, then pick a web host. Now you can just get everything you need with SiteBuildIt, a program for people who want to make money with their websites. It only costs $300 to get a fully functional online business. Using this program is like using email. If you can do one you can do the other, no problem.

• Writing. Now start writing. Write, write, write. Think of the 20 “pillars” of the topic that everyone needs to know. Open up a document and write on each one of those pillars so that everything that falls under the pillar is discussed. Exhaust the topic.

• Marketing. Now let people know you’ve written the article. Find people who blog about the topic, find forums about the topic, just tell people. This “word of mouth” marketing is incredibly strong.

• Monetizing. This is the part where you actually make the money. There are literally dozens of ways to go about it. You can sell your services, place advertisements, sell products, sell books — or even a mixture of several monetization methods.

With time, you’ll get plenty of traffic. I’ve had literally millions of people go to my websites… it’s a great feeling. I don’t have any special hacker skill. I’m just a normal person who is passionate about what he writes about. That’s it.

So, Can I Get Rich?

Short answer: probably not. Long answer: That depends on the topic… but for now, “rich” isn’t something you should be thinking about. Rome wasn’t built in a day, and wealth can’t be earned quickly.

If you want to make money with a website, you’ll have to put all “get rich quick” ideas to rest. Money has to be made through creative, rational and hard work.

This doesn’t mean you won’t be able to make a great income online at some point. You can get there eventually… you’ll just have to be willing to plan well, think creatively and work hard.

Do I have to spend money?

Thousands of people try making money with a free website, like a blog at Blogspot.com or Wordpress.com. Of course you can make money using these free websites… but that’s a horrible mistake. The reason is simple: if you use a free host, you don’t actually own your website or it’s content. Sure, you have copyright over it, but you don’t own the actual website.

So why is this important? As I talk a lot about over at my financial planning website, financial security is paramount.

The idea of placing your entire business in the hands of someone else is almost always a horrible choice. If your goal is to make money, then make sure you own your own website.

The idea that spending money can be beneficial is often seen as flying in the face of conventional personal finance sense. That’s silly, of course… being “frugal” is a great way to save money, not make money. As the old adage goes, you have to spend money to make money.