Liberty League International, Take the Guesswork Out of Niche Marketing<br><br><p>Many of us learn from the Gurus that we should identify a niche and
dominate it, so we can make money online. They give us brief glimpses
about what is to be done, like identifying a niche market by browsing
magazines and hanging around in forums and discussion groups to see if
we can be hit by an idea brainwave.</p><p>Oh how I wish it was that
easy. My first attempts at finding a niche made me feel like I've gone
deeper into quicksand, and the niche with a great demand had an awful
lot of competition. Not one to be outdone, I went and bought software
and books to learn what mistakes I made and try to recover from the
mistakes. I learnt all about demand, and how "wordtracker" is the best
service to use to assess demand for keywords and how to assess and
estimate supply from "Google" manually. I saw lots of products offering
to teach me how I should target the market, research the keywords,
analyse the KEI (Keyword Efficiency Index, which tells you the relative
profitability of the keyword you select based on demand,supply and
competition), and signed up for a lot of courses to learn more about
niche marketing.</p><p>To cut the process short, this is what I learned:</p><p>a. You must have a niche (this is easy, you don't want to try to compete with the biggies)</p><p>b. You must assess the demand - i.e. find buyers in this market with money to spend.
</p><p>c. You must see who you are pitted against - your supply estimate to see the competition.</p><p>d.
Having found the demand and supply, and with a fair idea of the
competition, you must find the profitability of your niche business
idea.</p><p>e. Once you feel it is profitable, get into product development around this niche.</p><p>f. Promote the product and pocket the cash ...</p><p>What
you end up learning the hard way is that all these people who write
about earning money with google adwords ads don't tell you how much
they spent on the ads, and if it is really that profitable..see, it is
a numbers game, as I will show you below:</p><p>Assume you will have a
decent 1% conversion rate for your product. That means for every 100
clicks you will make a sale. At a minimum bid of 5 cents, you will
surely turn a profit for every $5 spend you do. But then, real life is
not that easy. You have people competing against you, and your 5 cent
bid doesnt attract clicks, leave alone buyers. So you either lose this
small amount every day, or hike your bid to get some good clicks. Say
you hike your bid to $0.25. At this rate, you would spend $25 to make a
sale... get the trend of my thinking?</p><p>Unless you are lucky and
able to find cheap keywords with high demand to bid on, the google
adwords will remain a losing proposition. Or else you have to find the
words people use when they look to buy something on the internet, and
bid high on those keywords, to increase your conversion rate. This was
the situation I found myself in..until I found a good software which
did everything the sales page said it would do.</p><p>With this
software, I was able to assess demand, supply and profitability scores
on my idea, and come with lots of keywords with these
demand/supply/competition data plus the top 3 PPC bids. I knew clearly
what I needed to spend, before I went into product creation or
promotion. How I wish I found this software before I sunk in money in
internet marketing! But then, as they say, better late than never.</p><p>Well, now you know the rub... find a good software which does a great job. It takes the guesswork out of niche marketing.</p><p>
</p><p style="margin-bottom: 0cm;"><a href="http://www.libertyleagueinternational.info/">www.libertyleagueinternational.info</a></p>
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<p style="margin-bottom: 0cm;"><a href="http://www.beyondfreedom.com/">www.beyondfreedom.com</a></p>
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