DAY 1: Analyzing The Viability Of Your Niche
March 1, 2010 by Tyrone
In the next 3 weeks, there will be a guest post series about Search Engine Optimization and how you can improve and optimize any niche website. It’s been a huge topic from within my membership course and it’s something that can be easily outsourced. So let’s get started…
“Money isn’t the most important thing in life, but it’s reasonably close to oxygen on the ‘gotta have it’ scale.”
– Zig Ziglar -
Learn how to pick your own battles.
This may sound like a joke for many of you, but this is the primary reason why many sites or online businesses fail online.
Having a niche marketing strategy, that is focusing on a specific topic rather than a broad query allows you to perform better as you are competing with much less other sites on internet.
Your visitors will be much more targeted and thus will convert better.
Getting yourself into an overly competitive market is a recipe for disaster and a way to ensure that your site will never be found.
On the other hand, entering into an overly niche market may result in insufficient traffic volume to monetize your site or store and ensure your survival.
Remember, because you think you got a great idea doesn’t mean that other people share your feelings!
In the end, it’s all about money
Depending on the nature of your site, the way you plan to monetize your efforts may differ from site to site.
However, as a general rule, you’ll be monetizing your site through one or more of those following methods:
- Ecommerce– selling products, be it physical or digital.
- Affiliate Marketing– selling other people’s product and getting a commission for it.
- Advertising– selling ads space on your site.
- Services– selling your skills.
Regardless of the method you intend to use, you should have a number in mind as to how much money minimum you expect or you need to make out of your website for it to be worth your time.
I won’t elaborate much on it as this goes with all the information you should have gathered already in your business plan. You have one right? It would be foolish to start a business without one!
Ok, for the sake of illustration, I’m going to say that I want to start a new business online selling “nail polish”.
After my estimation, I also know that I’ll be making $1 profit for each bottle sold, and based on the marketing strategy I have established, I estimate that I’ll be able to sell 2 bottles to each customer in average.
Now, based on my expenses and personal needs, I want $2,000 of net profit per month to make this project worth.
Lucky Draw Contest: $1,500 Customised Blog Design
April 2, 2009 by Tyrone
For the month of April, Internet Business Path dot com and eBlogProfits will be giving away a customised blog design website with web hosting and a domain name. This package is valued at $1,500 and it will be given away to one lucky reader.
What Do You Get?
- A unique design, crafted to meet your individual needs and the unique nature of your blog.
- Free installation of a blogging platform (Wordpress)
- Free hosting service for 12 months
- A Search Engine Optimised (SEO) blog
- Installation of up to 10 widgets
- Includes up to 10 email addresses
If you are interested in starting your own blog, want to transfer your existing blog from another website, or would like to have your blog redesigned, then you need to enter this contest!
How To Enter To Win?
The great thing about this contest is how easy it is to enter. You earn one entry by simply filling the form below and opting into our newsletter. It’s easy, right? But there’s more! You can earn five more entries if you blog about this contest and link to this post using the following keywords:
- Blog Design
- Customised Blog
- Profitable Blog Design
Have your post send a trackback and you’re in! If the trackback doesn’t work, then enter the URL in the comments.
We will be accepting entries between now and midnight April 30th. The winner will be drawn the following Thursday at 12pm (AEST) and announced on this site. Good luck and enter now!
Tyrone Shum
Wishing Everyone Good Luck!
