Looking for a formula to determine the best niche or site concept for your online business? It's impossible to give a set formula, as much as we'd all love to have one.
You have to look at the interplay of the number of keywords, along with their Demand, Supply and Profitability, along with your own goals and time commitment, etc., etc. In other words, do you know your niche or site concept tolerance range?
1) How much time do you have (or do you think you have) every week to work on your site? To win a niche with a high Supply/competition (250,000-500,000 range) will likely need at least 10-30 hours per week to succeed.
Continue reading "Online Business and Your Site Concept Tolerance Range" »
Passion is what makes most people successful. From Steve Jobs, to Richard Branson, to Warren Buffett, "passion" is one of the must-haves for most people to have success in business. The reason is simple...
As anyone building a business (e-biz or offline) will tell you, it's hard work. It's worth it, in the end, of course. But it's hard work. You work for less than minimal wage at first. You aren't sure, really truly sure that it's "going to work"... until it does.
What pulls you through?
Continue reading "Money or Passion, What Motivates You?" »
Google counts hundreds of factors in its ranking algorithm. Some are on-page, while other factors (200+) are off-page as Google tracks human response to your content.
Your niche or "Site Concept" keyword in your domain name is just one little "on-page" factor in Google's overall algorithm. On the other hand, every little factor counts on the competitive Web.
What is a good domain name? Choose something that...
Continue reading "What's a Good Domain Name?" »
"How long does it take to create an earning business?" If you're thinking, "the sooner I earn some income, the better," use these guidelines to understand the niche-monetization connection...
1) Focus on less competitive niches.
With this approach, you'll limit the total income possible in the long run, but you'll earn income sooner since you'll generate traffic faster by winning for less competitive keywords. And you'll likely find some clever ways to monetize that traffic along the way that will exceed your income expectations.
Continue reading "The Niche-Monetization Connection" »