What is a market or niche?

According to wikipedia “A niche market is the subset of the market on which a specific product is focusing on; Therefore the market niche defines the specific product features aimed at satisfying specific market needs, as well as the price range, production quality and the demographics that is intended to impact.”

In short a niche can be defined as a smaller segment of a market which is super targeted around a specific topic.

For an example in the health industry or market “acne” or “anxiety” is niche markets.

There is a lot of confusion when it comes to the definition of niche. Everyone has own understanding and definition.

But I like to call an area as “market” and a specific area in the market as niche.

Niche and micro niche

A niche is a specific are of a market on which product or services are focused, as defined above and micro niche is an another focused area in the specified niche.

For an example “health” is a market and “weight loss” is a niche. Now more specific areas in the niche weight loss is “weight loss using pills”, “weight loss using exercise”, “weight loss using yoga” and more are micro niches.

Hope this would clear the difference.

Finding a Market and Niche

For finding a market for affiliate marketing there are some very good places from where you can collect ideas. Think about your hobbies and problems you or any of your known people has and try to research on the topic. Like someone has problem of “weeds in his lawn” or “pest control” etc.

There are many resources on the internet where you can find different ideas for you niche website.

Dmoz.org

Dmoz is the largest open directory project on the internet, apart from serving as a directory it can also be used for niche research. Delve deeper into the categories and you will find many.

Just open Dmoz and start your research, I am sure you will find several niches; some of them may be even untouched.

Shopping.com

Shopping.com is one of the largest shopping websites over internet. You can just surf it and find the hot keyword ideas.

Amazon
The largest seller of books and nearly every physical item on the internet. This is a very good resource for finding a niche, just browse the best sellers section and you can find gold

Ebay

I think nearly everyone is familiar with ebay.com, you can find out the hottest selling stuff at eBay by visiting pulse.ebay.com

EzineArticles

EzineArticles is the largest article directory on internet, you can use it for your bum marketing campaigns, for finding ideas related to a topic. More than that you can find out different niches using it and in most cases the niches would be profitable because internet marketers and others are already using it for their campaigns

Google Trends and Google Insight Search

Google hot trends and Google insight search are very great places where you can find trends over time and if done properly finding good keywords for CPA and affiliate campaigns is not tough. Just use your mind

Testing a Market and Keyword Research

Before you jump to any conclusion and finalize your keywords, just try to find out the need of your targeted audience. Visit different forums related to your niche, read articles and blogs to delve deeper in your niche. For reading more about this topic, visit my previous posts about keyword research here:

Keyword Research: Follow the Right Path

Keyword Research: Follow the Right Path Part 2

Using PPC to Test a Market

After you have finalized your keywords and ready to shoot your campaigns, build your landing pages and try to test a market using PPC. In this way you will find out whether the market has the potential. Do keywords level tracking and you will find out the keywords which trigger sales. After you have found sales keywords or gold keywords, build more pages; invest in SEO for long term profits.

But be cautious if you are new to the PPC market, because a little mistake can ruin your pockets.

Using SEO for Growth and Long Term Business

You cannot solely depend on PPC on a long term, so invest in SEO for long term profits. Build more pages using your gold keywords, use variations and always try to test new keywords. Rinse and repeat your action and you can have long term profits.

What do you all think in this regard. Have i missed something, please provide your feedback.

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