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  • Add You - Can Your Niche be to Small?

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    A client set me a puzzle the other day when he chose "Auditing my cash flows" as the goal for our session. He had just had a meeting with his accountant and was embarrassed to find he could not explain discrepancies between his incoming and outgoing monies. How could he stop the cash leakage and was it down to commercial folly or someone ripping him off? Here are some of the ideas we generated:<
    If you discover there is less than 400 total searches across all search strings, the niche may be to small. Why? Well, even if you completely dominated the niche, you would only have 400 or so people visiting you a month. It is hard to make money off of that type of volume.

    As always, there is an exception to the keyword research count. The exception has to do with the profit margin on what you are offering. Most people refer

    Cooking The Books - Sunny Side Up
    COOKING THE BOOKS….SUNNY SIDE UP!! Calling all CFO’s, CEO’s, COO’s, Accountants and Bookkeepers…Did you know that “COOKING THE BOOKS…SUNNY SIDE UP” might just be the perfect solution for rapid growth and profit for your business and IT IS PERFECTLY LEGAL? Did you know that using this technique at year end could provide a glowing financial picture to your favorite banker and bring a smile to the face of all your shareho
    Ecommerce on the web is developing incredibly fast, but most people do not realize it. Keep in mind that Google is only nine or 10 years old depending on what you consider the launch date. The same goes for most big sites on the web. While the commercial side of the web is relatively young, large, dominant sites already cover most major commercial areas. If you desire to start a general online bookstore, you are going to have a real challenge catching up to Amazon.

    So, is there still room for the little guy? Of course. The key is to find your niche. A niche is merely a very defined area of interest. If we consider the fact that Amazon is probably going to dominate anything we do for a general online bookstore, we might want to consider starting a site on a niche. We could do a review site on science fiction, romance, biographies or whatever. Since we can beat the Amazon brand or size, we beat it by focusing on some smaller part of the book market. With appropriate marketing, our site can then become a resource for people interested in that niche and we then have a winner.

    The question for many people is how small can a niche be, but still support a profitable site? Unfortunately, there is no clear answer on this subject. There are, however, a few guidelines to take into account.

    Obviously, the biggest issue is the number of people looking for things in the niche. The best way to ascertain this is to do keyword research. Using your preferred research tool, just search for the root word of your niche. Using our example above, I would search for “science fiction books” and also “sci fi”, which I happen to know is use for this niche. Don’t ask!

    Now, take a look at the number of searches each month. If you discover there is less than 400 total searches across all search strings, the niche may be to small. Why? Well, even if you completely dominated the niche, you would only have 400 or so people visiting you a month. It is hard to make money off of that type of volume.

    As always, there is an exception to the keyword research count. The exception has to do with the profit margin on what you are offering. Most people refer

    Create Copy that Conquers
    The human brain is an amazing instrument. It is great at filtering out what it perceives as irrelevant. This is why a person who lives near a railway isn’t aware of the passing train. It is also why people don’t take notice of most of the advertisements they encounter.You need to design your ads to get noticed. You want them to be read. To do this you want the consumer to perceive the ad as relevant to them. You can
    challenge catching up to Amazon.

    So, is there still room for the little guy? Of course. The key is to find your niche. A niche is merely a very defined area of interest. If we consider the fact that Amazon is probably going to dominate anything we do for a general online bookstore, we might want to consider starting a site on a niche. We could do a review site on science fiction, romance, biographies or whatever. Since we can beat the Amazon brand or size, we beat it by focusing on some smaller part of the book market. With appropriate marketing, our site can then become a resource for people interested in that niche and we then have a winner.

    The question for many people is how small can a niche be, but still support a profitable site? Unfortunately, there is no clear answer on this subject. There are, however, a few guidelines to take into account.

    Obviously, the biggest issue is the number of people looking for things in the niche. The best way to ascertain this is to do keyword research. Using your preferred research tool, just search for the root word of your niche. Using our example above, I would search for “science fiction books” and also “sci fi”, which I happen to know is use for this niche. Don’t ask!

    Now, take a look at the number of searches each month. If you discover there is less than 400 total searches across all search strings, the niche may be to small. Why? Well, even if you completely dominated the niche, you would only have 400 or so people visiting you a month. It is hard to make money off of that type of volume.

    As always, there is an exception to the keyword research count. The exception has to do with the profit margin on what you are offering. Most people refer

    Reasons Why People Usually Don't Buy Again
    There are many psychological reasons why people will buy from the first time and why they do not buy from you again. There are books on many of these reasons. Many of these reasons are totally out of your control.But what about the ones that you are in control of?What about the legit reasons that you or your staff cause?Here are the ten top reasons why people do not buy a second time around.1.
    beat the Amazon brand or size, we beat it by focusing on some smaller part of the book market. With appropriate marketing, our site can then become a resource for people interested in that niche and we then have a winner.

    The question for many people is how small can a niche be, but still support a profitable site? Unfortunately, there is no clear answer on this subject. There are, however, a few guidelines to take into account.

    Obviously, the biggest issue is the number of people looking for things in the niche. The best way to ascertain this is to do keyword research. Using your preferred research tool, just search for the root word of your niche. Using our example above, I would search for “science fiction books” and also “sci fi”, which I happen to know is use for this niche. Don’t ask!

    Now, take a look at the number of searches each month. If you discover there is less than 400 total searches across all search strings, the niche may be to small. Why? Well, even if you completely dominated the niche, you would only have 400 or so people visiting you a month. It is hard to make money off of that type of volume.

    As always, there is an exception to the keyword research count. The exception has to do with the profit margin on what you are offering. Most people refer

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    .

    Obviously, the biggest issue is the number of people looking for things in the niche. The best way to ascertain this is to do keyword research. Using your preferred research tool, just search for the root word of your niche. Using our example above, I would search for “science fiction books” and also “sci fi”, which I happen to know is use for this niche. Don’t ask!

    Now, take a look at the number of searches each month. If you discover there is less than 400 total searches across all search strings, the niche may be to small. Why? Well, even if you completely dominated the niche, you would only have 400 or so people visiting you a month. It is hard to make money off of that type of volume.

    As always, there is an exception to the keyword research count. The exception has to do with the profit margin on what you are offering. Most people refer

    Business Meeting Etiquette: 7 Top Tips To Brush Up Your Meeting Skills
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    If you discover there is less than 400 total searches across all search strings, the niche may be to small. Why? Well, even if you completely dominated the niche, you would only have 400 or so people visiting you a month. It is hard to make money off of that type of volume.

    As always, there is an exception to the keyword research count. The exception has to do with the profit margin on what you are offering. Most people refer to profit margins as a percentage, but we want to focus on the pure dollars per transaction. If I start a sci-fi book site with my 400 potential visitors, my chance of making a profit is very slim. Assuming I make $3 a book, I would make only $1,200 a month if I sold a book to every single potential visitor. Chances of that happening are non-existent. Ah, but what if my product or service had a larger profit?

    Let’s assume I love to talk and know something about internet marketing. In the business world, this makes me a consultant! I do some hypothetical keyword research and find out there are 400 searches a month for internet marketing consultant. This is the same number as I had for sci-fi books. I should drop the idea, right? No! Consulting pays a lot better than book sales. Any consultant would give their left arm to have 400 potential clients a month. If I bill my consulting clients an average of $5,000, I only need a couple to make my sight a success. Simply put, the profit on each transaction is high, which means my niche is not too small.

    Ultimately, determining if a niche has sufficient size is a subjective task. The key is to focus on the number of searches versus the profit per transaction you can expect.

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