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Online Business Ideas

Online Business Ideas… There’s Something Here For Everyone.

Where you are an online business veteran or a brand spanking new entrepreneur looking to start your first internet business here are some online business ideas to get your gears turning and to introduce you to what is possible.  There are many different types of people generating part time income and full time income online.  Online entrepreneurs come in all shapes and sizes and genders and ages and from every part of the globe.  One trait they all have in common is the desire for more of both financial freedom and personal freedom.  The successful online entrepreneurs also share the trait of very strong willpower and the determination to always improvise, adapt, and overcome because the web is a constantly evolving environment.  To keep your head above water when your first starting out and to excel after you’ve been in the game for many years you are going to need to continue to improvise, adapt, and overcome every obstacle your face.

That being said, it is important to remember that creating your own online business can really be a lot of fun especially when you make your first dollar and begin to see and believe that it is possible.  There are no limits from that point on… you can start small and keep scaling up until you build an online empire. Now let’s dive in and take a look at some different online business models.

  • PPC Affiliate Marketing
  • Niche Websites
  • Selling on eBay
  • Selling on Amazon
  • Thrifting and Picking
  • Arbitrage
  • InfoBarrel
  • Fiverr
  • Flippa

5 Little SEO Tips That Will Help You Beat Your Competition

  1. Add images with your target keywords as the image file-name, title name, and alternate text.
  2. Add your target keywords to your permalinks and article URLs.
  3. Make a Google+ website and add your website’s URL or URLs.
  4. Make a Youtube Channel for your website and add your website’s URL.
  5. Make your affiliate links “No-Follow” links so they appear to be inside links.

Keyword Research and SEO Competition

Why do you need to master keyword research and SEO competition?  Well, if you are serious about making money online whether it be through blog posts, niche sites, or article marketing you must learn how to properly do keyword research and understand SEO competition to get onto the first page of Google.  If you cannot find your way onto the first page of Google, your website or articles could pretty much be counted as non-existent.  So, to sum it up, you must really get a good grasp of keyword research so that you can rank on the first page of Google.  This in turn will get you traffic which you can turn into money through various strategies.

There are several things that you need to check out and analyze when looking for good keywords.  You want to know how much traffic you can expect from a certain keyword.  You want to know approximately what kind of monetary value that keyword might have.

There are also several types of characteristics you will need to identify and analyze for your SEO competition to determine if you think you can climb higher in the rankings than your competition.  Some keyword are simply going to have too heavy of competition to make it even worth trying to beat.  That’s why it is usually best to target a niche market instead of a broad market.

I use the keyword research tool Market Samurai to do most of this analysis.  However there are ways you can do this research through other keyword research tools or through the Google Keyword Planner.

Resources

  • www.alexa.com : Gives some great metrics for your own site or if you are scoping out a competitor sits.  Alexa gives historical data of websites and the bounce rates, daily page views per visitor, daily time on site, and sites linking in.  They also give a global ranking and demographics.  For you own sites you can use the free Google Analytics but Alexa’s Site Info Tool is nice for you to get a better understanding competitors, so you can estimate whether or not you think it would be worth your time and effort to attempt to beat them.  They also have a free Toolbar you can install onto Firefox which displays Alexa’s traffic rank, related links, and historical website data (wayback) for the site that you are visiting.  In addition to these they have a “Hot Pages & Searches” display that shows the most current trending searches and pages. Another cool feature they have is their Top Sites tab where you can visit the top 500 sites on web globally, by country, or by category.
  • ViperChill – Glen quit his job in 2009 and has been making a living from the internet since then including work for large corporations.  He is very knowledgeable about SEO and shares a ton of information for free on his blog.

How To Find A Profitable Niche Market

Learning how to find a profitable niche market or markets is one of the key aspects of starting an online business.  Because of that this is one of the best places to start and understand before embarking on your journey to make money online.  If you take the time to really figure this out, this understanding can be transferable to other aspects of online entrepreneurship.  You can apply your niche research skills to developing websites, Kindle books or independent ebooks, apps, training courses and material.

But before we dig into all of that, let’s answer the basic question, “What exactly is a niche market?”  A niche market is simply a very targeted subsection of the market at large.  For example, say your market is lumber.  A niche within the lumber market could be oak, cherry, fir, cedar, etc.  It is always possible to get very deep in the weeds with niches.  For the lumber example, the next sub-section may be oak.  There are further niches within oak, such as “oak planks,” “oak furniture,” “oak trees.”  And this list could go on and on and become more and more specific.  However, there are other aspects that are very important in choosing a niche other than specificity and we will get into those later.

 How to generate Niche ideas  

A nice way to begin brainstorming possible niches to look into is to use the strategy that Pat Flynn and Tyrone Shum have talked about on their blogs.  This strategy is to write out 5 – 10 things in the following categories: Passion, Pain, Problem. Your “Passion” section should be things that you are very passionate about or at the very least interested in.  Write out a list under this “Passion” section.

Next write out 5 – 10 things under the “Pain” section.  These can be real or perceived pains.  For example, back pain or fear of public speaking.  People have all kinds of fears and and phobias.

The third category is “Problems.” This again can be any types of problem that you or people you know experience.  Perhaps losing abdominal fat, finding the cheapest car insurance, how to run Windows on a Mac, how to set up a blog quickly, etc.  This should be an easy category to come up with ideas for as you start thinking about you will see potential “Problems” to research on a daily basis from obstacles you encounter as well as hearing about other peoples obstacles through out daily conversation.  So keep an ear out, you never know where you might discover your next money niche.

If you are still having a difficult time you can find other peoples problems via the internet.  There are certain places where many people gather to post a problem they have in the form of questions.  You can gather great insights from the questions they post that you can use to find new niches.

Ehow.com is one such site.

Another site worth checking out for the same purpose is yahoo answers

Various forums that are related to your larger market are another great source for finding potential niches within the “Problem” category.  The reason being, because many people log onto forums to post a question about a certain problem they may be having in hopes of getting the advice from several if not many people on how to overcome the problem.  Forums are great because they often display how many views and replies a certain thread within a forum has.  This gives you valuable information on many other people are experiencing that particular problem.

Also don’t forget to give Amazon a try for exploring niches.  Why Amazon?  Well, Amazon passed eBay as the worlds largest and most popular online market place.  Amazon is an amazing company that has branched out into many different areas beyond their original purpose as an online book marketplace.  They now sell nearly everything and have one of the most advanced logistical systems in history.  The reason Amazon is so useful for the purposes of niche idea generation is all the books they have listed.  We can go to Amazon and visit their “Books” category.  From their we can go onto the “Best Seller” category.  From here you can browse the books and then click the “Look Inside” button and get some great ideas for subcategories for a potential niche.  You can get most of these topics and ideas off what you find within the table of contents.  It is worth noting that most of the useful books for our purposes here will be non-fiction books unless you are researching a niche for the purpose of writing a fiction book.

You can also browse the categories and sub-categories within Amazon’s books section to find something you are interested in.

You can also take a look at ClickBank.com to search for various niches that have accompanying info product that you could possibly market down the road.  You can click on a category that you like and then sort everything by gravity.  Gravity is basically a dataset that Clickbank uses to let people know wether a  product is selling or not.  It is best to stay away from anything lower than 7 because it probably will not sell well.  You will see some on there that may be several hundred which means they are selling very good.  This is a great sign, but you also want to take into account what kind of commission you would make from that product.

  1. 3 P’s
  2. Amazon.com
  3. eHow.com
  4. Yahoo Answers
  5. Clickbank.com
  6. Youtube.com (Second most-used search engine!)
  7. Forums

 

    Research And Evaluate Your Niche Ideas

How to do Niche Research

Now you have some experience generating niche ideas you have the first part down.  The next part is evaluating whether your potential niches are worth targeting.  You need to ensure your prospective niche is relevant.  We can use Market Samurai’s PBR (Phrase to Broad Ratio) to aid in this determination.

Traffic

We also need to determine if that niche will have enough traffic.  If there is not enough people searching for your proposed niche, then you cannot monetize your website or eBook or product very well.  Again, Market Samurai does a great job at showing us the amount of total searches these keywords are getting and additionally how much traffic you could expect by ranking number 1 in Google.

You will generally get approximately 40 – 50 percent of the total searches by being the first position on Google.

Competitive

You also need to evaluate your competition.  You will need to also evaluate the commercial value of a product.

Focus on Principles to Get You There

Instead of reading a million guides and waiting until you are ready write up a general plan with the principles that will get you to your end goal (write that out too!) and review this and alter as you go. This should get you started much faster and avoid your failing at the start line due to analysis by paralysis. Do not let what you don’t know get in the way of what you do know.  Go take action now.  I can guarantee you already know something that you can do right now to take you further down the road of success.  So go do it!