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How to Make Money The Right Way With Niche Markets
Guest Post by Darrell Lischka
When I first started off learning about SEO and all the various strategies on building anDepending on which advice you follow, it will be the difference between making money
online or not. Like any business, yes even an internet marketing business, you need to
invest time in learning some new skill sets.
Why is the Failure Rate so high in Internet Marketing
There are many factors that contribute to the failure rate. However, I found one of
the core reasons people fail, is because of the wrong keyword strategy. Based on all
the crap I have seen and read, it really comes to down to your initial keyword selection
as the pivotal point for success or failure.
Ok, lets just cut to the chase and make this simple. Stop chasing big keywords like,
make money online and home based business when you are just starting out.
Laser Targeted Niche Markets
Let's look at a concrete example on what I mean by drilling down in
your niche market.
First, go to Google's free keyword tool selector here.
- Step 1 - enter a primary keyword like, home based business
- Step 2 - look down your list to see all the long tail keywords
- Step 3 - Say you pick, starting a home based business
- Step 4 - Now take that long tail keyword and enter that phrase above where
- you initially entered home based business to get new results.
- Step 5 - This is what I call drilling down in your niche market. You will get a
- whole new list of long tail keywords and results.
- Step 6 - You keep drilling down until you find a long tail keyword that has
- low competition, yet still has reasonable monthly search results.
Is your Niche Market Profitable?
Just a couple of things to keep in mind when you are looking at your results to decide
whether or not a particular keyword or phrase is worthwhile to go after or not.
We need to analyze how profitable it will be. After your initial results, you will see a
number of columns and results. Just below the captcha form, you will see something
called, "Choose columns to display". On the drop down menu, select
"Show Estimated Avg. CPC." This will show you what advertisers are willing to
pay per click.
Also, beside the Global Monthly Search Volume, there is another drop menu called,
"Match Type". You should click on that and select Exact. You want to know exactly
how many searches there are per month.
As a general rule of thumb, I will only go with CPC value's higher than $1. In many cases,
it will need to be $2 and above. The reason is because you will only get a small percentage
of that amount when someone clicks on the ad. For example, say you pick a term that gets
$1 per click. Expect to only get 10 or 20 cents for that click. Hence, the reason for not
going after ads lower than that value. Yes, you certainly can, but how many clicks will
you need to get if you only receive 5 cents versus 50 cents or $1 per click?
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