Finding a niche you are passionate for and in which people are interested is one part. The other crucial part is understanding whether it is possible to make money within your chosen niche. In this article, we examine how you can know if your chosen niche has an earnings potential even in the long term.
In this article, we examine how you can know if your chosen niche has an earnings potential both in the short term and the long term.
Consider this question, are people not willing to spend money within the niche you have chosen to write about? Then it may not be the best topic to write about if you want to make money online. Therefore it is essential that you make some serious considerations.
Therefore it is essential that you make some serious considerations before going ahead and building a website around this niche.
For example, consider that you have decided to create a page on the “notebooks” niche. Let us now examine the earnings potential within this niche.
Everyone today needs a laptop and are therefore willing to spend money to buy one. At the same time, there are also some groups who are very much into their laptops. Who are willing to spend some extra money to buy an expensive laptop, to play on or for similar activities.
Who are willing to spend some extra money to buy an expensive laptop, to play on or for similar activities? A serious question you need to evaluate yourself with, isn’t it?
Are there other nearby items and products you can write about?
In addition to the ‘computer’ itself, people need additional devices to their laptop. An external mouse, some good PC speakers, recordable DVD discs and so on all these are essential accessories. A laptop is thus not an isolated purchase, people often buy several other things for their laptops.
High advertising in Google and on competing websites is a good sign
A quick search in Google on laptop displays returns many relevant ads on the right of the search results. The high number of advertisements shows that there will be good opportunities to sell advertising space on your page. Because the ads on Google are sold on the auction basis. Now that there is competition for visibility of advertisements in an area, you can use it to earn money.
Because the ads on Google are sold on the auction basis. Now that there is competition for visibility of advertisements in an area, you can use it to earn money.
Also look into the pages of websites you are going to compete with. If they have many different types of relevant ads on their pages, it is also a very positive sign.
Is there activity in the chosen niche?
Another important thing that can be learned by observing Google’s results is that there is relatively high activity on laptops and nearby subjects.
So there are forums which regularly talk about laptops, pages about laptops are continuously being updated, new reviews being written and so on. So this is by no means a dead market. High activity on a subject, is a really good sign.
One last good factor on the topic “laptops” is that there are no signs of laptops going out of fashion in the near future.
Our lives are becoming more and more dependant on laptops and newer versions will be launched all the time and would also be used by the new customers. The market is therefore quite perfectly set for the future.
The four golden criteria
If your chosen niche meets the four criteria below you are already better than most who are trying to start their own website:
- You have a passion and love for what you have chosen to write about
- Competition is limited and relatively good resources available on the subject
- People are interested in your topic and always searching for more knowledge
- There is a market (even in the longer term), and people are willing to spend money in the chosen niche
So, have you found a niche that meets the four criteria above? Then you have a very good starting point and are now ready to create your own website. What are your views on this topic? Let us know if we missed something in the comments section below.