Sunday 5 August 2007

Marketing Secrets

Before we get on to the marketing side I will update you on the betting system,I still have four bets running but so far we have a loss of £28 this week but that still means we have an overall profit of £542 over the last two weeks.Okay lets get down to the marketing.First of all you need a plan and the advice I have been given is to go into a niche market,do not go into business,legal or medical products unless you are an expert in your field as the competition is too much.To succeed in a niche you need a hungry market that have money and are willing to spend it,they need to be passionate about there niche and be a substantial amount of them that you can reach.When picking a niche market it is easier to pick a subject you have an interest in such as a hobbie, or something you have experience in.Research is the key to developing your own product,you can check for most used keywords on http://buzz.yahoo.com and ebays hot sellers list,also check Amazon for books on your niche market and any other ideas such as,forums,magazines etc.Try to pick your top four niche ideas and look for existing websites for each niche,before creating a product go to www.overture.com and check people are looking for products in that niche.Look for keyword searches of between 30,000 and 90,000 with this tool,this will tell you if a keyword is in a niche market.A very helpfull research tool I have come across is www.pixelfast.com/overture this gives you a keyword selector and a section that tells you how much people have bid on your particular keywords and the amount of searches that have been done.Check to see how many competitors are selling in your niche just by putting your niche keywords into your google browser.The information you need to gather is your search numbers,do your target market have credit cards and a disposable income e.g students dont have much income generally,are other products being offered to your marketand how much is being bid on overtures pay per click bids.The above research also needs to be taken if you decide to sell other peoples products so that you dont waste your money trying to sell a product that wont sell well.Make sure you sign up with clickbank as this will give you your greatest research tool and possibly a potential income oppportunity.In future posts I will give you some niche markets that have good potential,also for those people who do not know what a niche is here is an example, if you choose fishing a niche market would be a particular sort of fishing e.g fly fishing,fishing in scotland,special lures for fishing.I hope this gives you an idea and you can now start your own research until next time.I update this blog every week so come back for the next instalment,I am doing the research for you so you dont have to waste anymore money on business opportunitys and eboooks that dont work.

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