HOT NICHES

Todays Nicheis: bankruptcy

Estimated Overture Monthly traffic: 278932

High PPC Bid Price: $5.24

The best paying AdSense keywords are not always obvious

AdSense publishers often think that they should choose topics that directly correspond to high priced items if they want AdSense clicks that are going to pay well. The reasoning goes something like this: "Sports cars are very expensive, so if I put up content about sports cars, my earnings per click should be very high!" Sounds logical, right?

WELL IT'S DEAD WRONG!

Why? Because there are many, many factors that determine how well a keyword will pay, and those factors are not always obvious. To continue with our sports car example, consider this: the phrase "sports car insurance" has an AdWords cost per click that is almost 7 TIMES AS MUCH as "sports car" alone! And it's the AdWords cost per click (CPC) that determines your potential for AdSense earnings. So why is the phrase 'sports car insurance' so much more valuable?'"

The answer is simple: people searching for "sports car" could very well be looking for just pictures of sports cars. They could be teenagers who don't have a dime but are just looking around because they have an interest in sports cars. The term is too vague. On the other hand, people looking for "sports car insurance" are very likely ready to buy! I mean, who goes searching for "sports car insurance" just for fun?

So you see, what at first glance makes sense (that "sports car" should have a high value), when you really dig in and examine it, you find isn't true

BANDWGON BLOGGING THE BEST NICHE IDEAS ARE RIGHT IN FRONT OF YOUR FACE

Sometimes markets surge for no apparent reason; masses of people suddenly "want" something, and the resulting demand can't be immediately met. For example, during the SARS epidemic, there was an insatiable demand for facial masks in several countries - and many entrepreneurs capitalized on this business idea.

A "bandwagon effect" is also created by larger social trends. There is much more of a demand for home-care services for the elderly than is currently being supplied. And the trend for pets to be treated as family members continues, creating demand for all kinds of pet-related services that didn't exist even ten years ago.

Look at existing businesses and the products and services they offer and determine if there's a need for more of those products or services. If there is, develop business ideas that may make the niche better for you and for the customer.

Are you brimming with ideas for starting a new blog or website? Write your ideas down. Let them swirl around in your head. And keep an open mind and continue to assess everything you read and hear from an entrepreneurial point of view. You don't want to run with the first business idea you think of; you want to discover the idea that's best suited to your skills and desires. Dream, think, plan -and you'll be ready to transform that website or blog idea into a very profitable niche.

HERES A GOOD NICHE BLOGGERS IDEA

Why not have a series of smaller blogs on niches and then do a larger one that uses the information you find in your smaller ones on a bigger scale. They could link to each other for cross promotion.

Just be careful you dont just publish the same content twice all the time as you’ll get in trouble for duplicate content.

Discover profitable niches in under 10 minutes, guaranteed

A list of top websites to look for inspiration when searching dor your next hot niche

Wikipedia Well, possibly the greatest encyclopedia of all times. It's constantly updated and covers virtually any niche you might imagine. Its biggest advantage is also its biggest drawback, though. It's so huge that you may spend really a lot of time to discover profitable ideas. And it's very easy to get distracted. Wikipedia lists offer a good starting point.

DMOZ directory The largest directory of websites edited by humans. It has an extensive classification tree, which is a great source of inspiration.

Technorati One of the leading blog search engines. It provides many tools useful in looking for niche ideas - we will discuss them in detail soon.

Delicious The grandfather of all social bookmarking sites. Just look what people are bookmarking, and you will know, what's hot. It's skewed towards technology geeks, but useful anyway. Again, it will be discussed in detail later.

Froogle The shopping search engine by Google. It lets you see the most current queries on its homepage. What's better than seeing in real time, what people are actually trying to buy?

Amazon Well, Amazon has grown from a bookstore to the largest retailer in the world and it offers a wide variety of goods. You can either use its full index of products, or you can focus on a directory of books subjects. You're guaranteed to find some great niches there.