This is the first part of many where I will be documenting my niche site from the ground up all the way to the income reports for when it starts earning. Look for my next update next Sunday.
It Took Me About 20 Minutes to Select the Niche
It usually doesn’t take me too long to figure out a niche to build a site on. While the exact niche of what site you select is important, it isn’t the world when we’re talking about these mini earners.
I have a hunch that some people are over-analyzing the exact niche to the point where it actually gets in the way of them building a site of your own. “Will this xxxx niche make money?” The answer is always going to be a resounding “Yes!” If people are searching for it then it will always make money, just build it.
Here’s 2 of my favorite was to brainstorm for new niche ideas.
Optimal Product Finder for Niche Ideas
I first started with the Optimal Product Finder which is an in-depth Amazon scraper. This is a little tool that is excellent for digging for Amazon products to build sites about. You can use this tool to search keywords or categories and it gives you some very useful data like sales rank and product price.
Looks like Optimal Product Finder is no longer for sale. I hate to tease you, just documenting the process.
Anyway, I tinkered around with this for 10 minutes and didn’t see anything that really struck me so I moved on to my next source for niche ideas.
WatchCount for Niche Ideas
I finally hit pay dirt by using WatchCount.com This is one of my favorite tools for getting niche ideas and I’ll tell you why.
If you select a category without a keyword you can see the most popular products in that category. Under the Business/Industrial category I found something called an “Oscilloscope”. Apparently this is some kind of electronic device used by professionals and it can be super expensive. This particular auction I saw that inspired me had over 500+ sales and 750+ watchers.
This product doesn’t seem to be very well-known but since people are using them for work they’re getting bought. I guessed that there aren’t any affiliate sites on oscilloscopes and after looking at some of the top keywords I was 100% correct, there really isn’t any (at least I couldn’t find any). I have my doubts after writing this if that will still be true lol but hey, goes with the territory.
The Keywords: How to Choose Them Wisely
I logged into Google Adwords and using their Keyword Tool I extracted 800 relevant keywords. After downloading the spreadsheet I copy/pasted all 800 keywords to Market Samurai.
Now it’s going to take Market Samurai a while to return the data on all these keys but its worth the wait.
After I was done I used the Golden Rules filter and found a good handful of keywords that were less than 100,000 competition with a healthy amount of searches everyday. For now, I’ll just be focusing on these keywords because they will give me the best chance of immediately earning with this site.
While the niche might not be the end-all, the keywords definitely are. You should be focusing your initial energy on grabbing low hanging fruit with a fair amount of searches so you can start making money with your new baby as soon as possible.
The Content: I Was Lucky to Find An Expert
From here I usually hand off the keyword list and some basic outlines to one of my writers but since my cousin was on Skype and he’s a super-duper electrician I offered him the job instead. It’s definitely worth paying double or even triple what you normally pay a writer to do some articles if they have real-world experience on the topic and can write some super-professional stuff.
My interview literally went something like this:
Andrew: whats an oscilloscope?
Bob: they analyze electrical signal in the frequency domain
Andrew: lol want to make some money writing a couple articles for me?
How Will The New Site Make Money?
From the looks of it I can monetize 3 different ways:
Standard stuff. Normally when people do these niche sites they stop at Adsense because they might be doing a niche that isn’t conducive to product sales. Pretty much all of my sites are directly related to products or brands if not all about the products themselves. I know others like to do it different, but that’s just how I like to build sites.
Ebay Partner Network
I’ve heard its a real bitch to get into this program now but I was fortunate enough to get into this program around the time they first launched it. EPN pays on a per click basis and it’s really easy to get people to click on those little auctions with product pictures. Even though they aren’t as transparent with how you earn as they used to be, this is still one of my top earning programs.
They canceled my account late June but I was lucky enough to get reinstated after changing my address to my Mexican residence. I know a lot of people don’t like Amazon because of the 24 hour cookie but I still do pretty well with their program. I can usually hit 7-8% commission before the month ends so the commission isn’t too bad, especially considering Amazon is what I believe to be one of the best converting merchants on the internet. Luckily for me Oscilloscopes also command a premium price tag that can run into $100′s of dollars which means a solid commission on a successful sale.
How Much Can I Earn With This?
I honestly have no idea but for every niche site that I do like this I would be totally happy with around $5 a day. If I could hit this goal after just a couple months it would easily have paid for itself and then I’d be in the green.
The Next Update
Stay tuned for next Sunday when I will reveal my domain name and you can get an idea on how exactly I set up these kinds of sites.