You are here for the $$$, that's good!
Dear Steemians, welcome to my course on “HOW TO MAKE MONEY WITH INTERNET MARKETING”. This is the 1st chapter of my “How to make money with Amazon Affilliate” guide. If you missed the Introduction chapter, please look at it first as this is a series of articles which should be studied successively. You can find chapter 1 here:
Chapter 1
Niche research
In this chapter we would look at what is important to consider when choosing a niche. A niche is the main topic your site revolvs around and would be closely attached to the products we would be offering. Many people over-analyze and get stuck here. You can make a steady income in just about any niche you choose, as long as it satisfies a few key rules of thumb:
Rule #1 – There should be scores of products being sold on amazon.com
Product cost should be at least $50, and at least a handful of these should have more than fifty 4 and 5 star reviews
• Amazon pays a comission between 6 to 8% for each sale
• A $50 product will yield you a commission from $3 to $4
• To make $1000 a month from your site you need to sell ten $50 products a day or only five $100 products a day
• Do not build a site selling only $1000 products – sales volume most likely will be too low
Rule#2: You should be comfortable working in the niche for at least 3 to 4 months.
• You do not have to be an expert
• You do not have to love the niche
• You can always research and learn about any niche you want
Rule #3: The niche should be big enough to support a 50 to 100 page site
• Bigger, authority sites with a lot of well written content are doing well in Google
• Niche should not be too small – like “cheap watches under $15”. But “wrist watches” would make a good intial choice.
Seasonality
Seasonality is something you should never overlook. Most beginners miss on a lot of MONEY disregarding seasonality. Demand for many products varies from month to month. Demand peaks for a month or two and then goes flat. You do not want to invest several months into building a site only to find the products sell only during 2 to 3 months of the year.
Examples of a non-seasonal niche(the ones we are after)
- Designer clothes, computer accesoaries, high end cosmetics, electronics
Examples of seasonal niches(AVOID as a beginner):
- Prom dresses, swimwear, Halloween costumes, scarves, coats, etc.
Methods to find niches for amazon affilliate sites
- Google Adwords Keyword Planner
- Amazon.com
- Ebay.com, Alibaba.com
- Magazines
- Flippa.com
- Hobies and interests
- Trendnig commercials
Use all of the above to look for trends and find an idea(product) which you believe in. I wish I could give you a niche with the snap of my fingers but in order for you to make a lot of $$$ and do so LONG TERM you have to find your GEM yourself. Please let me know about your ideas in the comments and FOLLOW ME for being around for the next chapters, it would be exciting!
The images in this article are sourced from:
http://financialfashionblogger.com
http://www.tradeandfinance.eu
http://tiksautomations.com
You can find me in Slavchat:
Join Steemit SlavChat @ discord.gg/kStC5AH
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Please UPVOTE, FOLLOW, COMMENTS and RESTEEM, I will ASNWER all your questions in the comments below, Alex!