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Add You - Estimating Niche Profitability in 12 Minutes
When most people used to hear a new word the most obvious reaction was to go straight to a dictionary and find out what it meant or what the object was. These days you could go to on-line dictionaries, but even that is often unnecessary. Just type the word into your Web search engine (E.g., Google) and see what comes up. How hard is that?Well, fortunately I know what a shakuhachi is but I don’t think I’d be wrong to say that many of my fellow humans have no conception of what this
5. Calculate how much traffic you will get from AdWords. If you are AdWords master, your CTR will be about 10%. If you are a newbie, your CTR will be close to 1%. Let's say you are not a guru, therefore you will get 41,600*1% = 416 clicks per day.
6. Calculate how much sales you will get from AdWords. If your templates and sales copy are great, you will get 1% conversion rate on average. It means that every 100th visitor of you
With the recent rise of the affiliate marketing industry as a true online wealth building powerhouse, a steady stream of aspiring entrepreneurs are taking full advantage of the affiliate marketing boom.Unlike the older online business models which would call for the tedious tasks of website design as well as product design and placement, the affiliate industry allows marketers to generate significant revenue with hardly any setup cost.Successful online business owners, the
Sample research is based on the real data - I was running web template business in 2003. All numbers are real, I proved the efficacy of this method number of times. The method itself can't be used to write a business plan or take business decisions - it's just an estimation that helps you to decide if any particular niche is worth its further research, or not.
Warning: manual research can take much longer than 12 minutes. I used free tool from http://www.thedowser.com/ to automate it.
Let's say you plan to open web template store (sell web templates for $39). You want to know how much you will be able to earn.
1. Open Overture Keyword Selector Tool (http://inventory.overture.com/d/searchinventory/suggestion/), enter "web template". You will find that people searched for web templates 41,113 times last month. In fact people used not only "web template" keyword, but "html template", "web site template", "web site layout", etc.
2. Find other popular keywords people use to search for web templates. Open Google AdWords Keyword Tool (https://adwords.google.com/select/main?cmd=KeywordSandbox), enter "web template". You will get a long list of keywords. Leave good keywords only, remove misspellings, company names and other junk keywords.
3. Discover keyword popularity for all keywords in your list using Overture Keyword Selector.
4. Sum up keyword popularity numbers - you will get about 250,000 searches per month. This number is for searches in Overture network only. Number of Google searches is about 5 times higher, therefore you get about 1,250,000 searches per month. It's 1,250,000/30 = 41,600 searches per day.
5. Calculate how much traffic you will get from AdWords. If you are AdWords master, your CTR will be about 10%. If you are a newbie, your CTR will be close to 1%. Let's say you are not a guru, therefore you will get 41,600*1% = 416 clicks per day.
6. Calculate how much sales you will get from AdWords. If your templates and sales copy are great, you will get 1% conversion rate on average. It means that every 100th visitor of your
In this small article we’ll concentrate on farmers associations and non-profit state-sponsored organizations, dealing with subsidized state and federal programs distribution and management – loans to farmers and rural communities. As we realized this is relatively narrow market niche and it is almost ignored by software developers. In the typical case you should take generic ERP application, such as Microsoft Great Plains and integrate it with legacy systems or create custom piece in G
Warning: manual research can take much longer than 12 minutes. I used free tool from http://www.thedowser.com/ to automate it.
Let's say you plan to open web template store (sell web templates for $39). You want to know how much you will be able to earn.
1. Open Overture Keyword Selector Tool (http://inventory.overture.com/d/searchinventory/suggestion/), enter "web template". You will find that people searched for web templates 41,113 times last month. In fact people used not only "web template" keyword, but "html template", "web site template", "web site layout", etc.
2. Find other popular keywords people use to search for web templates. Open Google AdWords Keyword Tool (https://adwords.google.com/select/main?cmd=KeywordSandbox), enter "web template". You will get a long list of keywords. Leave good keywords only, remove misspellings, company names and other junk keywords.
3. Discover keyword popularity for all keywords in your list using Overture Keyword Selector.
4. Sum up keyword popularity numbers - you will get about 250,000 searches per month. This number is for searches in Overture network only. Number of Google searches is about 5 times higher, therefore you get about 1,250,000 searches per month. It's 1,250,000/30 = 41,600 searches per day.
5. Calculate how much traffic you will get from AdWords. If you are AdWords master, your CTR will be about 10%. If you are a newbie, your CTR will be close to 1%. Let's say you are not a guru, therefore you will get 41,600*1% = 416 clicks per day.
6. Calculate how much sales you will get from AdWords. If your templates and sales copy are great, you will get 1% conversion rate on average. It means that every 100th visitor of you
I have something to say that’s driving me batty. It’s regarding graduates who fuss about not getting a job they like or not getting a job at all for that matter. Blah blah di blah…Let me ask you something. Imagine a small town like ours with a limited number of companies, looking for limited vacancies to fill. There are thousands of graduates leaving universities each year hunting for a job too. How the heck would a pissed-off HR director filter out from that titanic pool a few lu
2. Find other popular keywords people use to search for web templates. Open Google AdWords Keyword Tool (https://adwords.google.com/select/main?cmd=KeywordSandbox), enter "web template". You will get a long list of keywords. Leave good keywords only, remove misspellings, company names and other junk keywords.
3. Discover keyword popularity for all keywords in your list using Overture Keyword Selector.
4. Sum up keyword popularity numbers - you will get about 250,000 searches per month. This number is for searches in Overture network only. Number of Google searches is about 5 times higher, therefore you get about 1,250,000 searches per month. It's 1,250,000/30 = 41,600 searches per day.
5. Calculate how much traffic you will get from AdWords. If you are AdWords master, your CTR will be about 10%. If you are a newbie, your CTR will be close to 1%. Let's say you are not a guru, therefore you will get 41,600*1% = 416 clicks per day.
6. Calculate how much sales you will get from AdWords. If your templates and sales copy are great, you will get 1% conversion rate on average. It means that every 100th visitor of you
There has been a death in our society that has yet to be noticed; the death of common sense. I discovered that common sense is kind of hard to define because everyone seems to have a different idea of what it is and what isn’t. Here’s my take on it: Common sense is native good judgment derived from experience based on the “reasonable person standard”. What would the average, reasonable person do in a situation?Common sense is a funny thing. We admire people who have a strategic mi
3. Discover keyword popularity for all keywords in your list using Overture Keyword Selector.
4. Sum up keyword popularity numbers - you will get about 250,000 searches per month. This number is for searches in Overture network only. Number of Google searches is about 5 times higher, therefore you get about 1,250,000 searches per month. It's 1,250,000/30 = 41,600 searches per day.
5. Calculate how much traffic you will get from AdWords. If you are AdWords master, your CTR will be about 10%. If you are a newbie, your CTR will be close to 1%. Let's say you are not a guru, therefore you will get 41,600*1% = 416 clicks per day.
6. Calculate how much sales you will get from AdWords. If your templates and sales copy are great, you will get 1% conversion rate on average. It means that every 100th visitor of you
An Executive Summary can be used to weed out some of the investors who may have no intention of funding your company and may actually have an ulterior motive. Maybe they are thinking of funding a company similar to yours or that may compete with yours. Even worse, maybe last year they funded a competitor of yours and just want to get as much information from you as they can to protect their other investment.Be careful when dealing with Venture Capital Firms and don’t
5. Calculate how much traffic you will get from AdWords. If you are AdWords master, your CTR will be about 10%. If you are a newbie, your CTR will be close to 1%. Let's say you are not a guru, therefore you will get 41,600*1% = 416 clicks per day.
6. Calculate how much sales you will get from AdWords. If your templates and sales copy are great, you will get 1% conversion rate on average. It means that every 100th visitor of your web site will actually buy your templates. You need 100 clicks to get a single sale, therefore you will get 416/100 = 4 sales per day on average.
7. Calculate how much profit you will get from AdWords. Your templates cost $39, therefore you will get $156,00 in sales per day on average. You pay $0.10 per click on average, therefore you will spend 416*0.10 = $41,60 per day on average. Your profit will be $115 per day, or $3,450 per month.
8. Calculate how much traffic you will get from natural listings. Imagine that you are SEO guru and you optimised your web site to be on the third position in Google search results for 10% of keywords you found on step 2. CTR of this position is about 70%, therefore you will get 2,912 clicks per day.
9. Calculate how much sales you will get from natural listings. Search engine traffic is a bit worse than AdWords traffic, therefore your average conversion rate will be 3-5 times lower. This way you need 300-500 clicks to get a single sale, therefore you will get 2,912/300 = 10 sales per day.
10. Calculate how much profit you will get from natural listings. $39*10 = $390 per day, or $11,700 per month.
11. Calculate how much profit you will get total. Your AdWords profit estimation is $3,450 per month, natural listings will earn you $11,700 per month. You will end with $15,150 per month.
12. Be realistic. Our life sometimes differs from our plans, therefore you can easily reduce your estimation by 50%. $5,850 per month is what you can expect to get.
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