How To Do Market Research For Your First Niche Online Marketing?
7 May 2008 4:15 pm Market ResearchToday, we are going to talk about market research. Ever since the revolution of the internet, especially the birth of Google in the early 21st century, searching for informations, products and services online have never been easier before.
Do you still remember when is your last time searching on Google? I remember mine was only 10 minutes before I’m typing this post. I used Google to search for a building that I’m going to tomorrow, and Google Search is a great tool for me.
So, how does this Google Search affect how we make money on the internet?
Everything! My friend…
Since Google is one of the largest, used to be The largest, search portal online, everyone who wants to look for informations, products or services goes to Google.
And whatever words, or phrases that you type in Google, is known as Keywords.
Keywords is very important, only by identifying what keywords your potential customers is searching online, then you can know where to position to market your products or services so that they can find you.
Note that this applies both to your first online business or even if you are running a traditional business who wants to market online.
Everything on the internet revolves around “Keywords” nowadays.
As promised, I have spend a couple of hours to record this video to show it to you. I believe that a picture speaks a thousands words… now, it’s a video speaks a million words.
Enjoy this video!
(If you cannot view the video, please click here to view it in YouTube.)
With that, I look forward to hearing from you, and your comments.
Lastly, if you want to have more free step-by-step how to videos, you can
to see if you qualify for my next 3 Free videos on setting up of your first online business.
Take care!
To Your Success,
Tags: ways to make money online, make real money online, how to make money online, how to make money on the internet
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May 15th, 2008 at 10:52 pm
Great video, Roy.
However I still have some questions for you.
What is your criteria in choosing a market?
I mean in a more tangible way such as the range of numbers of visitors, competitors and other factors.
Thank you and I appreciate your reply.
And a suggestion from me. A “subscribe to comment” plugin may help me to track the response on this post.
Have a great day!
May 15th, 2008 at 10:59 pm
Hi Raymond,
Sure! In choosing a market, how I look at whether it’s profitable, I would usually look at the competitors selling in the same market.
Find out how long are they in the market, what are they selling, how are they doing, in terms of sales (if possible)
When you have all that informations, they would better determine if you can penetrate the market with a better positioning and make money out of it.
I will talk more in the next post.
Great question Raymond!
Cheers,
Roy
May 16th, 2008 at 7:53 pm
Hi Roy,
Thank you for the answer. That’s very interesting.
My next question will be:
How to find out how long are they in the market, what are they selling, how are they doing, in terms of sales?
I’m sure that other readers have the same question too.
Thank you very much for responding. I really appreciate that.
May 16th, 2008 at 10:06 pm
Hi Raymond,
How long are they in the market? Simple! Find out when they register for the domain name, it’s a good guide, but might not be accurate.
What are they selling, usually you can know that by going through their sales process… simple right?
How are they doing in terms of sales… for this, it’s good to have, but most of the time, it’s not easy to get, if you can, that’s the best.
To Your Success,
Roy
May 19th, 2008 at 1:22 am
Thanks for the explaination, Roy.
That’s very helpful and straight forward.
June 6th, 2008 at 1:44 pm
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