Monday, May 24, 2010

How To Know a Profitable Market Online... Market Research in 60 seconds

Is not about the “keywords”!

Everybody always talks about market research - there really is never a need to “research” a market. It’s already there - you just have to “discover” the opportunities and offer “something” that will earn you money.

That something could be - getting the people in the market on your list first (if the market permits) and then monetize with affiliate offers, your own products,CPA offers or even contextual clicks like AdSense (which, by the way, is not dead).

In order to discover a market you don’t need a keyword tool.
What good are keywords if you don’t have a single clue about
what a market’s wants/needs/pains are?


First you go and find the people in the market and look its -"commercial intent"


Keywords don't buy products - people do.






You want to find out what the market talks about - something that the offline business world can never find out. They can only guess.. 


You use omgili.com to brainstorm by just looking at the hundreds of markets that are mentioned there (there’s a “recent topics” on the homepage). 


This is a real goldmine and you can build highest earning by “accidently” coming across topics that had never deemed profitable before..


Omgili.com reveals discussions about products unheard off
before.! You can find links to popular forums, popular products,
even tweets that are being done in real time.

One very nifty feature is the real time Omgili search (enhanced
by Google) - you can find it here --!http://google.omgili.com/

If I type in “dating” - I get back regular Google results but on
the side there are these little call out boxes. These callout
boxes point to "discussions" or conversations about that
particular site.

Click on one of those boxes and you'll get!a scrollable box that
lists websites, blog posts, Yahoo answers, forums, tweets, etc,
with one thing in common - they all mention that particular
website.

All of these links point towards people who have asked
questions, provide tips, talk about their frustrations,deepest desires and wants.


Those are the people that populate your market!

See! - you did zero research. You typed in a query and you've been given all the things you'll ever need to know about the market, and you got it from real people talking about real
things that keep them busy..

Market discovery is not about keywords, it's about finding and
observing the people in the market.

Don't overthink this stuff too much - just type in the query and follow the links. Very quickly you'll discover the potential in the market, ready for you to jump in and profit from..


In this market alone there's hundreds more topics - just type in
the main query and follow the "people trail".


Now that you have a more solid idea about the market (an idea
you wouldn't have been able to form if you would have just
used Google's keyword tool) it's time for you to figure out
whether or not the market is a viable one.


In other words - is there Money to be made?


Are there CPA/affiliate offers available I can present to these people?

You can find out @ offervault.com. Maybe an information product on Clickbank or a physical
product on cj.com? 


Go to each of these different networks and - again - type in
your market.

Other resources you can use besides omgili.com:

On the left hand side you'll see the following options you can
use:

1 - Videos
2 - News
3 - Blogs
4 - Forums

You can also use the very helpful --.

http://blogsearch.google.com/

A massive tracker of many forums is --.

http://v2.boardtracker.com/


Earnings Predictions

Before you dive into a market you need to build your own little "earnings
prediction sheet". It doesn't mean youl'l make that much (in most
cases you make much more) - but it is a necessity to set a goal.

“Most people jump in a market without an "earnings plan".

Whatever they make, they make. They have no goals - they
just want to "make money". That's not good enough for me..

Maybe you find an information product on Clickbank that has
$40 commission. So, in that case - just one sale per day would
do the trick..

Breaking up earning predictions per day gives you a goal to go
for. Putting a daily money amount on a project makes it more
valuable. "Making as much as possible" is not a plan..

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