Where then, can You start to Find What The Internet Buying Public Crave
Many people have a good or brilliant idea but the greatest challenge is often how to perpetuate those ideas into a profitable reality. Fortunately, development on the internet has perpetuated its own set of sites, instruments, and tools to help You identify niche opportunities and verify the potential of good ideas. Using some of the following tools to research a market and then qualify the markets potential in terms of its needs set can be a Key difference between your success or failure in the internet business market place.
Clickbank : Use http://www.clickbank .com to browse through thousands of products that people have listed on this website using Click bank as their payment processor. This site is a valuable source to identify categories of products that are ranked by popularity. This site also provides a host of affiliate opportunities and references should you find that your Hot idea is already well catered for.
Traffic Inventories :Use http://www.inventory.overture.com to quantify what the Internet population is searching for. Conduct searches on your idea, interest, or expertise using the Keyword Selector Tool dialogue button. Typing in your keyword/s results in a numerically counted list of indications how many times your keyword/s were searched in the previous month and also lists related word searches to your keyword/s.
Traffic Rankings: Use http://www.alexa.com to qualify the market penetration and or popularity of a website/s that you have identified as already providing products or services in the target market arena of your idea. Alexa provides a ranking number of the website relative to other similar class websites.
PayPal.: Use http://www.PayPal.com to search on categories of the product you are interested in. Pay Pal is also a payment processor website for other websites which displays top shops in categories ranked by sales volume. Use the Shops link at the bottom of the page to identify shops with high volumes of sales. These may indicate robust sales and therefore good product areas to enter into.
Amazon : Use http://www.amazon.com to identify the most sought after books . Click on the sellers button where the most popular items are featured and updated hourly.
eBay: Use http://www.eBay.com to qualify your idea or area of interest by identifying numbers currently being marketed. Using the search box of the product or idea you are interested in, eBay will display how many items are currently for sale. Clicking on the sell button at the top the home page and then on the seller central link at the bottom of the Sell page. Scroll down and click on the Hot Items by Category link. This is another place where you can find which categories and products are hot in the market place.
Google: Use http://www.google.com to qualify levels of interest in a product. In the search box type in the name of a product you are interested in selling. The search result should list newsgroups that discuss the product. By clicking on links and identifying how many people are posting to these groups or blogs an idea can be gauged how much interest there is in that product.
Magazines: Use http://www.magazines.com to identify and qualify levels of interest in your product or idea. Research magazines and articles to measure the level of interest.
Having identified and verified your idea or products target market position and /or potential in the virtual market place now is the time for action. Procrastinate no more. The web is not yet saturated and spiralling into an - information - matrix of quicksand. Far from it, logic of supply and demand suggests to us that there are approx 280 million on - liners today and with the financially growing middle classes of China and India becoming more aware and capable to purchase what the world has to offer, we probably havent seen anything yet In fact we might really be entering the growth life cycle of the internet, full of financial opportunities for you internet entrepreneurs of the future! Strong global demand pressures are currently being exerted on physical commodities markets, and it is not unexpected that virtual entrepreneurs will play an increasingly important role in marketing products and services in tune with this trend.
Author: R Smith Budding 2006 Internet Marketing Entrepreneur
By no means is this the most comprehensive or all encompassing list of sites to focus on to help you identify the Hottest Niches or Best Products to market on the internet. It is however, a list of a few of the important consideration areas taught at where over 12 hours of FREE video courses are provided to help walk the Newbie or new Internet Marketer, step by step into the Virtual world of internet marketing.
Most everyone is familiar with open houses held by real estate agents. If you live in a fairly urbanized area, canvassing your neighborhood on any weekend and chances are youll find at least one open house somewhere in your neighborhood.
What is the purpose of the open house And did you ever wonder why some real estate agents always try to get your name and contact information when you attend their open house Take this little quiz and see if you understand the purpose of the open house.
A real estate agent hold an open house to:
a) Have a party in the neighborhood.
b) Give out candies and cookies just to be friendly.
c) To socialize and get to know the neighbors.
d) To collect names and contact information of all visitors so he can follow up later on to sell them homes.
If you answered (d), you are absolutely correct. Most people who come to an open house do not buy on their first visit. Nevertheless, a good agent will collect all names and contact information of his visitors during an open house. The agent usually has some incentive for the exchange of these names and contact info. He might give away a homebuyers magazine, a magnetic calendar, or offering a free market analysis of a visitors home.
Why would the agent want to collect their names and phone numbers Because he/she can follow up with these visitors down the road and try to sell them later on. He might have to keep in touch with his visitors over a period of time, but the end result is worth it. Statistically, some will end up buying or selling from the agent. The key to receiving big commission checks month after month is building a pipeline of prospects (database) by collecting all names and phone numbers of all the visitors who come to the open house.
In the virtual real estate world there is no difference. Most people who come to your site the first time will not buy. A small number of people will buy on their first visit, but this is an exception, not the rule. Research shows that it takes an average of seven contacts before someone will buy a product or service. During this time it is all about building trust. It is true people do business with those they trust. The first key to building trust is simply asking for your prospects name and email address.
So whats the best way to get surfers to give you their email addresses Simple set up an autoresponder account. An autoresponder captures a visitors name and email address and is usually managed by a third party server (you can also surf the net to find some autoresponder scripts that you can install and manage it yourself directly on to your site, but this is not recommended.)
Wanna make it enticing for your visitors to submit their email addresses Give away something valuable such as a free report, ebook, or even a mini ecourse that is relevant to the product or service youre trying to sell.
Like a good real estate agent does to his list of potential clients, you can follow up and start building trust with your visitors. A mini ecourse is an excellent way to do this. You can set up your autoresponder to systematically send to your list periodically (i.e., one lesson every 3 days). Eventually, some will buy. If your free offer is compelling enough, it is not hard to get a 10% subscription conversion from your visitors. Lets say there are 100 visitors who come to your site every day, 10 will sign up in exchange for the freebies. At this rate in one year you will have a total of 3600 email addresses in your database. You can then market to your list any way you want. You can send an eblast to all, or your preferred customers only with a special offer of a new product (a sequel). You can also do any backend marketing that relates to the initial product. You can also do affiliate marketing by other internet marketers.
To look at the potential kind of money you can make, lets say that you send out an e-blast to your list announcing a new product and the product is worth $97, but because of the special promotion, itll be $57 for a limited time. Assuming that 4% will convert into buyers, 144 will buy (3600 x .04 = 144). This will net you $8208 (144 x 57 = 8208), not a bad salary for just broadcasting to your list. Of course, this is not the end. You can make money again and again by offering other products, not necessary your own.
To recap, making money in the virtual world isnt rocket science. A good internet marketers first and foremost important task is similar to that of a good real estate agent capturing his or her visitors names and contact info. When all else fails, remember rule number one: ALWAYS have a tool to capture email addresses. In fact this is so important Im gonna have to make it a mantra for you. Please repeat after me:
I SHALL ALWAYS CAPTURE ALL MY VISITORS EMAIL ADDRESSES.
I SHALL ALWAYS CAPTURE ALL MY PROSPECTS EMAIL ADDRESSES.
I SHALL ALWAYS CAPTURE ALL MY PROSPECTS EMAIL ADDRESSES.
Got it! Good.
Create a wonderful day,
Alex Nguyen
The Internet Goto Guy
When was the last time a bonafide multi millionaire internet marketer willing to share with you over 12 hours of video outlining internet marketing secrets worth thousands of dollars that could potentially make you millions for FREE To learn more, click on the link below.
Alex is a real estate agent who has a voracious appetite for online business and marketing. When hes not helping his clients buy or sell homes, he enjoys a relaxing day at the beach, or a hike up in the mountain