Skip to main content

People Getting Rich Online - Niche Research

How's that list coming along? You will recall in the first part of this series I covered getting a list together of ideas for your site or blog niche. Hopefully you have a good sized list of general categories. The next steps involve narrowing the keywords and then doing some supply and demand research.

There are many keyword tools out there. I like to use Overture's because it's free and easy. Keep in mind that the numbers from Overture are usually inflated — sometimes a little sometimes a lot. They fudge the numbers by counting like queries — fly and flies or affiliate and affiliates get counted as the same query. Remember — they make more money convincing their prospective advertisers that a search term is popular.

So plug in one of the general search terms from your list. I'm going to try dogs. Here are the results:

Searches done in February 2006
Count Search Term
1104234 dog
225786 dog breed
183180 dog training basics
152056 dog show
139072 dog breeders
98321 dog name
97021 dog training
91172 dog picture
88480 dog for sale
62657 dog grooming
56907 dog gift

I edited a few like snoop dog out for expediency. I like dog breeds and dog training [basics]. Looks like people are searching for both quite a bit. Now that we have the demand, let's go over to Google and check the supply.

Type in the exact search term, putting quotes around it so Google searches for exactly what we want. If you put in dog breeds, Google returns 5,59o,000 results. Look in the upper right-hand corner for this number.

Ever heard of Sumantra Roy? Probably not. He's a man who specializes in SEO and particular keyword research. He has invented a formula called the Keyword Effectiveness Index or KEI to measure the potential of a keyword. I use a simpler version of it. Here it is:

KEI = Demand / Supply

That is - Demand divided by Supply. The higher the KEI the better. This gives you a simplified KEI that ranges from 1-10. People compare this to the Richter Scale, meaning that each successive number is exponentially better than the last number.

In our example above, the KEI for dog breed would be .04, which isn't that great.

Dog Training Basics yields 45,600 results for Google. The KEI would be 4, which is terrific. Hmm...wait a minute. That concludes our lesson. Bye. [Sound of running down the hallway and door slamming]. A little nerd humor there.

Do a few more and see what you come up with. I did dog name and got a KEI of .10, which is lousy. I also tried dog gift, which got me a KEI of .07.

I usually pick up the highest KEI keywords and plug them back into the Overture tool and try it again.

Incidentally, Wordtracker does this all for you. Try it for free and see how easy it is. Just keep in mind that they use different sources for both supply and demand than my example above, but that shouldn't make too much of a difference.

So now we should have a much smaller list that has some good prospects on it.

Comments

Popular posts from this blog

Back again!

 Hey all, I decided to relaunch this blog after so many years away! I don't know if relaunch would be the right word or is it reinstate? Whichever way you look at it, I would like reach out and say I'm back!  I would like to share tips with you all about making money online, especially after so many years away since my last post. A lot has changed in over a decade since I started this blog. But I think the fundamentals still remain the same. Hit me up on the comments section if you have had success with your online entrepreneurship endeavours. I'd love to hear about them!

Dominate Any Niche in 7 Easy Steps

Working in online niche markets is one of the most profitable business concepts available today. With about 1.4 billion people online in 2008 just about any imaginable niche has a good chance of succeeding. Better still; the need has never been stronger since most Website owners are using a "shotgun" approach that leaves visitors overwhelmed and craving a good niche site. That said; use these tips to get a jump start on the competition and quickly dominate any niche! Step 1: Get Small, But Not Too Small; Refine your niche to the smallest money making component. Some niches are smaller than others. The trick to finding a profitable niche is to break down your topic to its smallest profitable component. Let's say you want to sell music and music memorabilia. Well that's a pretty broad category so narrow it down a bit like this... Music > Mainstream > Top 40 > '80's > "Hair Bands" > One Hit Wonders Now, one hit wonders performed by "...