That’s kind of where the Internet is right now, where every single niche out there… Obviously if you look at some new niches that are coming about, the niche of firing a rocket into the air and putting people on it so they can look down and see the Earth, you pay a few million dollars to book a ride for 15 years from now.
Obviously something like that probably hasn’t been exploited completely because it’s not even there yet. [It’s the] same thing with some kind of alternative fuel, if somebody comes out with something brand new that’s going to explode in ten years. But just about every normal market out there that’s been around for more than one year, there’s some level of economic competition that is a leveler. If you get into just about any niche that has the opportunity to make profit, if you get in there and you become the very best in that niche, you should be able to come up with some number that’s consistent. $1 per subscriber a month, $2 per subscriber a month, something along those lines and it’s not going to be necessarily a lot higher than that or a lot lower than that depending on the niche you’re in, but depending on how hard you work in that niche. Having said that, how do you choose a market?
One of my biggest questions - I’ll kind of give you a step-by-step here of how you can go about choosing a market - the very first thing that I would do when choosing a market is I would Google whatever the term is and find out how many people, how many customers, are doing pay-per-click advertising. If I Google a particular term, a particular keyword and there are only three companies out there that are competing for pay-per-click advertising, then odds are that this particular market is not very profitable.
Obviously you might have a one in a million market and this means that nobody’s discovered the market. Like I said, there’s not many of those left. If you go in there and you Google a particular term and you find that there are 100 companies that are vying for the number one spot and are doing pay-per-click bargaining, then the odds are that this is a competitive area and areas only get competitive because they’re profitable. That’d be one of the very first things that I would do.
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Sean Mize is an internet marketing strategist who teaches internet marketers how to increase their income by creating high ticket classes and coaching programs.
Tags: profitable online, profitable marketing
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