Finding a profitable niche for your affiliate marketing campaign takes work but landing the correct one has the possibilities to earn you hundreds, if not thousands, of dollars.
In a nutshell, a niche is a highly targeted interest for a product or service.
Instead of reaching for a large market dominated by corporations, niches allow you to reach a passionate community without such competition – giving you the added edge to market your affiliate product.
The following are 5 ways you can find profitable niches for your next affiliate marketing campaign.
EBay
Ebay offers one of the largest marketplaces online where millions of users search each day on very specific items within their interested niches.Many use eBay to buy and sell products related to hobbies and niche interests; this allows you to see exactly what these people are demanding and have an interest for – talk about competitive edge.
Within eBay, drill down within each category to find micro marketplaces. Each of these marketplaces presents you with niche.
Assess each of these categories that interest you by seeing how many products are listed, which sell, past auctions and if there are active discussions related to the category.
If you find a micro marketplace that suits you; you’ve found a profitable niche for your next affiliate marketing campaign.
Affiliate Marketplaces
Did you know the same location you find affiliate products to promote also provide you with incredible insights about niches that are highly profitable?Within many affiliate marketplaces such as Clickbank, Commision Junction, E-Junkie and Neverblue are ratings for which products are hot and selling.
Do you think you could use this data to find a profitable niche? Of course!
Simply filter your searches to view which products have high amounts of sales, affiliates or gravity and you’re onto the next hot affiliate product to promote within the same niche.
SpyFu
SpyFu is perhaps one of the most powerful tools that is rarely used in affiliate marketing. In short, SpyFu allows you to peer into what advertisers are paying for pay per click campaigns – knowing this, you can easily determine which keywords are highly competitive.As a test, type in the name of a major competitor featuring a product you may be interested in. Within the results of SpyFU you can see which other businesses bid on these keywords and what price.
If you notice a keyword is doing rather well, drill down deeper to find the root niche of this keyword. If a business is spending a high amount for each pay per click, you can conclude the niche is very profitable.
One final bonus of SpyFu is the top 100 paying advertisements. This list shows the highest paying advertisements which you could use to determine new profitable niches for your affiliate marketing campaigns.
Wordtracker
Wordtracker comes in a free or paid version that tracks the search habits of web users from a variety of search engines.Wordtracker is great to find highly targeted keywords within a profitable niche but to find the niche begin by typing in the broad word related to it.
For example, “Dog” would be a very broad topic, “Dog Care” would be closer but “Dog Flea Products” has the potential to be a very profitable niche based on the focus and passion of those searching for the term.
Wordtracker is an amazing tool but do take the results with a grain of salt as they display only a fraction of what has been searched upon. However, wordtracker does give you a very great idea for profitable niches and affiliate products.
Twitter Trends
Last, but not least, Twitter trends show you real time results of interests, hobbies and niches people are actively talking about on Twitter.With millions of users, Twitter gathers many people from around the world that discuss the ins and outs of niche interests.
Not all trends are profitable but if you see an untapped niche topic spring up, you may have yourself the perfect opportunity to make money with your affiliate products or services.
Displayed on the front page, Twitter Trends are constantly changing. Click on a few of these trends to see what questions are being asked by people, see if there is a void of information or products and enter the niche.
In total, these are just five ways you can find profitable niches for your affiliate marketing campaigns. The real power is when you use each of these in tandem to solidify your research before you begin.
Use each of these tools to drill into interests shared by passionate groups of people. Talk to them and find what they are missing, what they need or what they desire.
If you can fill this need for products or services, you will find yourself the authority of a very profitable niche.
Combined with affiliate marketing, niches are the future of making money online. No longer will you need to fear the big budgets of a large corporations – the market is in your hands.
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