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.
Interview With Daniel Scocco From Daily Blog Tips
May 27, 2009 by Tyrone
Recently I asked Daniel Scocco from Daily Blog Tips to do an interview with me. Daniel runs a very successful blog that attracts over 20,000 daily readers and is very popular in the blogging community. Not only that, Daniel has an online membership program called Online Profits that teaches people how to make money from Internet marketing. I wanted to share with you why Daniel is someone who I learn from and also how to model his success.
Why You Should Learn From Daniel?
- He shares his experiences, which are relevant and practical to your Internet business
- His blog is ranked in Technorati Top 100, proving that his information is important
- He is a truly humble and a remarkable coach
