Estimating Niche Profitability in 12 MinutesGet Internet Marketing News and Info on mps-internet-marketing.com. Estimating Niche Profitability in 12 Minutes topic will increase your understanding on Internet Marketing News and Info. We at mps-internet-marketing.com only provide news, articles, information in Internet Marketing News and Info. Internet Marketing News and Info at mps-internet-marketing.com provides the most up to date news and articles. If you have questions please do not hesitate to contact us.
You plan to create new affiliate, AdSense or e-commerce web site. How to find if it will be profitable, or not? How to estimate your future earnings? How to find the most profitable niches? Here is a quick and easy method based on keyword research, real experience and common sense. Sample research is based on the real data - I was running web template business in 2003. All numbers are real, I proved the efficacy of this method number of times. The method itself can't be used to write a business plan or take business decisions - it's just an estimation that helps you to decide if any particular niche is worth its further research, or not. Warning: manual research can take much longer than 12 minutes. I used free tool from http://www.thedowser.com/ to automate it. Let's say you plan to open web template store (sell web templates for $39). You want to know how much you will be able to earn. 1. Open Overture Keyword Selector Tool (http://inventory.overture.com/d/searchinventory/suggestion/), enter "web template". You will find that people searched for web templates 41,113 times last month. In fact people used not only "web template" keyword, but "html template", "web site template", "web site layout", etc. 2. Find other popular keywords people use to search for web templates. Open Google AdWords Keyword Tool (https://adwords.google.com/select/main?cmd=KeywordSandbox), enter "web template". You will get a long list of keywords. Leave good keywords only, remove misspellings, company names and other junk keywords. 3. Discover keyword popularity for all keywords in your list using Overture Keyword Selector. 4. Sum up keyword popularity numbers - you will get about 250,000 searches per month. This number is for searches in Overture network only. Number of Google searches is about 5 times higher, therefore you get about 1,250,000 searches per month. It's 1,250,000/30 = 41,600 searches per day. 5. Calculate how much traffic you will get from AdWords. If you are AdWords master, your CTR will be about 10%. If you are a newbie, your CTR will be close to 1%. Let's say you are not a guru, therefore you will get 41,600*1% = 416 clicks per day. 6. Calculate how much sales you will get from AdWords. If your templates and sales copy are great, you will get 1% conversion rate on average. It means that every 100th visitor of your web site will actually buy your templates. You need 100 clicks to get a single sale, therefore you will get 416/100 = 4 sales per day on average. 7. Calculate how much profit you will get from AdWords. Your templates cost $39, therefore you will get $156,00 in sales per day on average. You pay $0.10 per click on average, therefore you will spend 416*0.10 = $41,60 per day on average. Your profit will be $115 per day, or $3,450 per month. 8. Calculate how much traffic you will get from natural listings. Imagine that you are SEO guru and you optimised your web site to be on the third position in Google search results for 10% of keywords you found on step 2. CTR of this position is about 70%, therefore you will get 2,912 clicks per day. 9. Calculate how much sales you will get from natural listings. Search engine traffic is a bit worse than AdWords traffic, therefore your average conversion rate will be 3-5 times lower. This way you need 300-500 clicks to get a single sale, therefore you will get 2,912/300 = 10 sales per day. 10. Calculate how much profit you will get from natural listings. $39*10 = $390 per day, or $11,700 per month. 11. Calculate how much profit you will get total. Your AdWords profit estimation is $3,450 per month, natural listings will earn you $11,700 per month. You will end with $15,150 per month. 12. Be realistic. Our life sometimes differs from our plans, therefore you can easily reduce your estimation by 50%. $5,850 per month is what you can expect to get. ForexEnterprise.com: Earn $1,000 Per Day. - The Multiple Streams of Income System - Start Making Money In Just 15 Minutes. Updated & Converting like Crazy! How To Be Funny! - Earn 60% of $49.95 per sale! One of a kind niche e-book teaching people how to be funny in just 7 days flat! Article Index: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 |
More Articles:1. I'm Talking, But is Anyone Listening? By Denise Hall Internet marketing is a wonderful thing, but it has it's drawbacks. For instance, if you own a brick and mortar store you have a *physical* presence that gets noticed. Customers will find you purely by chance by walking or driving down the street where your store is located. If they didn't know you existed before, they do now.But online your business is buried among millions of websites. People can't just stumble upon it accidently. Do you feel like you're just spinning your wheels and getting… 2. Internet Marketing: Dr. Robert Anthony Reveals How To Use Quantum Physics To Supercharge Success By Rick Miller What secret dreams do you have for your Internet marketing business? Would you like to quickly expand your list to giant proportions? Would you love to have a list of thousands or even millions of people bringing in money every day as they buy the products you offer?What if you could have anything you wanted simply by using your mind in a certain revolutionary way?Undoubtedly, Dr. Robert Anthony, author of 15 best-selling books, including the Beyond Positive Thinking, is the undisputed … 3. How To Get Free Publicity For Your Business By Matt Bacak You don't have to spend thousands of dollars on advertising to build an effective campaign. In fact, you can get great publicity that will drive customers to do your door absolutely free of charge!One of the best ways to do this is to attract press coverage. You don't have to pay for advertising space to get written about in a newspaper or magazine, or on a website. All you have to do is interest the editor or webmaster in your story. Today's media is huge - and it's hungry for news. If you pr… 4. What Is Viral Marketing And How Does It Benefit Internet Marketers? By Eric White The practice of viral marketing can be very useful to internet marketers. Viral marketing consists of giving away FRE'E products or services along with your original a'd copy such as links, contact information, and mailing list. In return, those who receive your FREE products can pass it along to their own customers and prospects. Viral marketing is a great way to advertise for fre'e and without a lot of effort on your part.Internet marketers should be aware of the value of viral marketing.… |
||||
