Welcome to Day time 1 of my multi-week course on creating and also selling your very own product online. I’ve talked a lot about affiliate marketing and how to get started and also why I love it.
There are many affiliate marketers who make ample to live on in a few and 6 figure revenue range, but it’s the online marketers who take that phase into product creation who will be the ones who are breaking to the 7 figure income stage and beyond.
Let’s certainly not get ahead of ourselves, even though. Today I’m going to talk about the first task: how to find a niche market to make a product.
The other important thing to mention about this series is the fact it’s coinciding with my own, personal product launch which Items talk about and refer to because this series goes along. The product or service itself is an informational product or service, an eBook on songwriting which I’ve titled “How to Write a Song: The ‘No BS’ Songwriter’s Bible”.
The reason I selected songwriting as my niche area is because it’s one of our passions and something which I take great pride in myself being able to complete and do well at that. Patient doing it for 10 years currently and have achieved some trivial success as a musician, so I channeled all of that experience into this eBook.
Note that even though my product is a content-rich product, most of what Factors. teach in this series can certainly obviously be applied to any other type of product whether it’s a content-rich product, some kind of software, or perhaps a physical product.
Now take a look at taking that critical very first step by talking about how to find a market to create a product.
Thinking Product Ideas
Just like domain flipping recommends you start out in internet marketing, I recommend that you focus on niche markets with which you’re familiar.
You actually likely have something in which an individual has either received a particular education or you use a strong passion for. I put the idea for songwriting mainly because it’s something that I can compete and do well and were feeling confident that I could create a great deal of information.
Take the things you love then identify the main hurdle people have with them. Frequently, such as in my case, the challenge will be learning whatever your personal subject is, to begin with. Having songwriting, the problem is that people need ideas on how to get started, they try to apply them but don’t like the quality of what exactly they’re writing, or maybe many people just have writer’s block. The above attributes are the kinds of traits that I cover and remedy in my eBook; I really authored it to be the authority information on songwriting (without often the BS or covering stuff people already know or can figure out for themselves through frequent sense).
Identifying Market Requirement
The quickest way to recognize demand is to do none other than some good old-fashioned key phrase research.
Now you’re going to should do as I say and not? internet site do here, because actually, I did not do any research ahead of time. I was just eager to complete a book on songwriting and also didn’t check to make sure there is a market for it.
Fortunately, We have since done some key phrase research and there are a handful of phrases getting decent levels of targeted traffic each day, so I’ll be achieving a lot if I can secure these search engine positions (fortunately I use a background in online marketing).
Don’t be too overcome if when using Market Samurai you find a lot of competing websites using the keywords you’re trying to find in their title and other areas. A lot of webmasters in these tiny niche markets don’t know the first thing about SEO and definitely won’t be too difficult to overtake, thus unless you’re dealing in net marketing or making money online markets, you have a decent chance of ranking.
Knowing how to find a niche area can pay off in spades. Take Earth4Energy, for example. It is really an informational product which was first launched about 5 years ago. It turned out once limited to a book but has since transformed and expanded to add informational videos.
Still, it is really an informational product nonetheless which will cost about $50 in addition to which educating you to be able to build your own solar cells in addition to windmills from the comfort of your own household and on a budget connected with roughly $100-$200 using day-to-day household materials.
Solar cells in addition to windmills are very effective at undertaking renewable clean electricity to help power your home and balance out the cost of your electricity monthly bill, potentially saving you a great deal of income each year.
The catch (which the Earth4Energy sales page will probably remind you of) is always that to have these tools professionally created and installed would run you several thousand dollars, and the beauty is able to do it yourself very easily as well a budget is very attractive.
Couple that with the persistent “current event” that our land has been more and more green energy informed and obsessed in recent years; as you can imagine this informational product purchased like hotcakes and even acquired a healthy number of imitators, in addition, to spin offs in the 2 or 3 weeks following its launch in addition to success.
It’s still one of many affiliate networks of ClickBank’s all-time best-selling products and still produces a great deal of money today. Also, I promoted this product with first came out and made a couple of sales with it. The product constantly had a gravity properly into the hundreds, and if an individual checks out my post on which is ClickBank gravity, likely to recognize that this basically designed that hundreds and just to the thousands of affiliates were earning profits selling this product.
This just simply goes to show you how money-making informational products can be and exactly how well they sell whenever you can identify the right niche and possess the right marketing strategy.
Of course, there are a whole lot of fizzled available informational products, as well. You need to take a look at the ClickBank souk and you’ll see dozens in addition to hundreds of e-books and other digital camera products which haven’t produced any sales either as the niche had little requirement or the product’s sales page has been unattractive and not very compelling a d also persuasive. Read also: Digital Marketing Ways To Increase Business
