7 DAYS TO ONLINE SUCCESS 3

by Onibalusi Bamidele on March 8, 2010 · 7 comments

CHOOSE A NICHE
In our last post we talked about targeting an audience and its importance to achieving an audience, It became clear that without having the right audience then it is not possible to achieve online success. Today, we will be talking about choosing a niche and how it can affect your online business success.
When starting an online business, it is important to choose a niche so as to achieve online business success. There are 4 different types of niche, which are:
1. High competition and High Results: This type of niche has a lot of competition and it also has the ability to help us easily achieve online success.
2. High Competition and Low results: This is a type of niche that has lots of competitors but has a relatively low potential of converting.
3. Low competition and High results: This type of niche is a type in which there is relatively low competition but there is a very high result and potential of converting.
4. Low competition and low results: This is a type of niche in which there is a very low competition and there is very low results and conversion rate.
The rate at which you will achieve online business success now depends on you and the type of niche you choose. Some people like competition and they can easily cope in the midst of competition, for this type of people the first option will be feasible. The niche you choose depends on you and the type of the field. You can easily analyse a niche by following the following steps:
1. Research your keywords using a keyword research tool. A good free keyword research tool is at http://www.keywordindex.com
2. Analyse the competition: Try to do a google search on the keyword you got, if all the pages listed on page 1 are just some forums or articles sites such as ehow or ezine articles then there is every tendecy that the keyword is not competitive, but if the results on the first page are all .edu sites or blogs then you can try to analyse their backlinks by typing the following into the yahoo search engine: linkdomain:http://www.dataentryforall.net (substituting http://www.dataentryforall.net with the name of the domain). If the website has lots of backlinks then you should be prepared to either choose another niche or buckle up and face the competition.
The above are the steps that can be used to research a niche and analyse its competition.
To your online success,
Onibalusi

Article by Onibalusi

Onibalusi has written 144 awesome articles for us.

Onibalusi Bamidele is a 16 year old entrepreneur, a social media user. You can follow him at twitter at @dataentryforall. You can also get my free ebook on how to get an avalanche of trafficULTIMATE TRAFFIC FORMULA

{ 7 comments… read them below or add one }

Victor March 9, 2010 at 6:54 am

Choosing a good niche is an important aspect, but when it comes to blogging, I prefer to choose something I’d want to share. If I were to create a full-fledged website, then I’d spend more time choosing a good niche (something I have not done successfully).
Victor´s last blog ..Day Trip to Boreal 2010

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Onibalusi Bamidele Twitter: dataentryforall March 9, 2010 at 8:56 am: @Victor, Glad to have you here, Thanks for the comment.
Onibalusi Bamidele´s last blog ..7 DAYS TO ONLINE SUCCESS 3

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Latief@AnotherBlogger March 13, 2010 at 3:04 pm

You are a brave blogger my friend with the title. 7 days success online. wow! amazing!
Imagine if everyone can make it in 7 days. Thanks for motivating us bro.
Latief@AnotherBlogger´s last blog ..How To Removing CommentLuv Error Message

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Onibalusi Bamidele March 13, 2010 at 3:43 pm: Hi,
You have done more than a brother can do to me, I read your message, I love it a lot. What do someone like me need other than encouragement, Thanks a lot for it and only God will reward you for it.
Thanks

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steve@all in one PC March 18, 2010 at 11:20 am

Keyword research really plays a vital role in my opinion, when you can choose and target right set of keywords then you will start to see positive results in a considerable amount of time.

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Onibalusi Bamidele March 18, 2010 at 1:57 pm

@steve@all in one PC, Yes! you are absolutely right, when you choose the right set of keywords you will definitely see positive results.
Thanks for the comment.

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Peter@novoline March 19, 2010 at 10:44 am