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Actually, what are you looking for ... when you want to make money online? A good market. Most people are worried about how to get traffic or monetizing the market. This is important stuff but ... it should not be the main concern at all. The main concern should be finding a good market which is actually, finding good keywords online. So, what is a good market? A market that you can make money in ... and also, preferably dominate. Dominating means being the #1 in the mindshare of your potential customer. You see, the internet marketing and business opportunity can be excellent markets as well. In real actual fact, THEY ARE. But the statistic of success would be very low unless you have these 2 power ingredients: 1. Success proof - Success proof is basically the evidence you can show to be qualified as someone who can pass on the knowledge or teach. Most of the of time, its dependant on how much money you have made online, traffic, subscribers, etc that you have depending on what youre going to teach. If you want to teach the topic of list-building, you better have a huge list of your own to act as a proof of what youre going to teach. If you want to teach about viral marketing, just make sure that youre getting traffic FROM viral marketing. The good news is, if you know how to select an uncompetitive niche market, you have qualified yourself easily. Put it this way You can be an authority on how to makeup as long as your makeup methods can make a girl look pretty. Make sense? Its about PROVING RESULTS. 2. Supported credibility - Supported credibility can come in many forms. If youre an author of a tangible book or a speaker in a well-known seminar, you have automatically gained the supported credibility. Another form of supported credibility is by having testimonials from YOUR COMPETITORS or other well-known Individuals in your particular niche market. If you have these two power ingredients, you should get into these types of competitive niche markets that you want to do. What Im trying to say is that you should not go into these niches if you do not have success proof or supported credibility, because itll definitely be easier if you have them in your hand. If youre going into an uncompetitive niche market, those problems are automatically solved. But choosing a market depends on more than just merely looking at the market entry advertising cost and the volume of searches from http://inventory.overture.com/d/searchinventory/suggestion Its not about the stats you got from research. Its about UNDERSTANDING YOUR MARKET. I know you might hear about this over and over again. I hope Ive nailed it down in your mind this time... UNDERSTANDING YOUR MARKET will make you a very wealthy person online. Put it this way, if you dont understand your market, you cant sell a thing to it. One of the ways to determine a buying market that Ive always stressed to my students is ... *Finding Hardcore Believers/Followers* There are certain niche markets that have people willing to spend. These are the believers/followers. Its really hard for me to tell you which niches these are ... but as a simple guideline, ask yourself, How much do they really need it? For instance, model train hobbyists are crazy spenders for anything related to model trains. Thats why, internet marketing or how to make money niche markets can sell very well. There are a lot of hardcore believers/followers in these niches. Look around you. Youre probably subscribed to newsletters belonging to internet marketers that make money by just teaching people how to make money from the internet. Is that wrong? Absolutely not ... if what they teach works. Of course, it would be VERY WRONG if they have never tried the methods to know that they are workable 100%. End of the day, its the result that counts .. isnt it? |
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