Testing Your niche for Marketability

Now that you have found a few topics that you would love to build a business
around; it is time to check them for marketability. Remember, just because you
are passionate about a topic doesn’t mean you can build a part time, risk-free,
internet business; that can grow to replace your full time income without quitting
your job.
Potential Audience Size.
In order to build and sustain a sizeable income, there has to be a large enough online
audience to support your efforts. Following are several reliable tests that will
help you determine this.
Audience Size Test #1
It’s amazing what you can learn by searching on Google. Especially if you know
what you are looking for and how to search.
Open up Google and type in the name of your topic but make sure you put it in
parenthesis. Like this – “Men’s Fitness”. And then hit ‘enter’.
If you don’t include the parenthesis it will pull up everything related to the words
fitness and/or men’s. But with the parenthesis it will only bring up sites with that
exact phrase.
For example: Men’s fitness brings up 101,000,000 hits. Whereas “Men’s fitness”
brings up 1,720,000 hits. The true number of sites that mention “men’s fitness”
specifically.
What you are looking for are topics that bring up between 500,000 and
5,000,000 hits.
Larger than 5 million and your topic is too broad and it will be difficult to target
your audience and get attention. Less than 500,000 and it may be too small to
sustain a sizable income. Here are some examples:
“Fitness” – 505,000,000 hits. (Too big) You have to pick a subtopic like:
“Men’s Fitness” – 1,720,000 hits. That’s a nice size market to get into. Even if you
picked another subtopic (or niche) of the fitness industry like:
“Sport’s training” – 2,190,000 hits. That’s also a great market.
Every large market will have dozens of niche markets that are the perfect size to
target with your efforts.
If it’s a small market, you can still generate income, but it may be extremely
difficult to generate the kind of income that can replace your fulltime job.
A possible exception to that rule:
Let’s say that you are very passionate about a topic but your search shows that
there are less than 500,000 mentions on the web. You can possibly make a sizable
income in that niche if: You are already an established expert or authority in that
field and/or you have a new or much improved product or service to offer.
Exercise #1
Write out the names of your topic or topics and then do a Google search and
record the number of ‘hits’ for each one.
Audience Size Test #2
Next, you want to do a search and see if you can find at least 1000 blogs related
to your topic. If you have a broad topic you know you will find many more then
1000. However, if you have smaller niche, this is a good test.
Exercise #2
Once again open up Google and type in “name of topic”/blog (be sure and use the
parenthesis) and then hit ‘enter’. If more than 1000 blogs show up your topic has
passed that test.
Audience Size Test #3
Facebook followers.
Once again, if you are not sure if your niche is marketable you can look to see if
there are Facebook sites that are about your topic that have at least 2,000
followers. If you find at least one site, that will be sufficient because that means
there will be a lot more sites with smaller numbers but collectively it is a good
indication of a sizable market.
To do the search, go to Facebook’s home page and at the top in the search bar
type in your topic. As you type you will see a drop down box that lists some of the
sites in your topic. You can just view them and see if there are any that meet the
requirements.
For example, when I typed in ‘cat care’ (you don’t need the parenthesis) it
brought up a list. The first two had followers of 4,000 and 11,000. A nice size
market.
Here is a great tip:
If you are in a relatively large market (2 or 3 million ‘hits’ on Google) see if you can
narrow it down by choosing to start in a sub-category or smaller niche, but still be
over the 500,000 ‘hits’ mark. (Of course, it still has to be something you are
interested in).
It will be easier to get the attention of your market and still allow you to expand
your offerings at a later time

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