How to Find a Lucrative Niche in Affiliate Marketing

You're contemplating starting out on what you hope to be a great ride in Affiliate Marketing. You are tired of the 9-5 grind and you want an activity that will give absolute financial freedom that you crave for. But again that small voice in your head asks you a simple question. "Have you chosen a niche yet?" and you're like "No Do I have to?"  I know this may sound strange, but not only do you need to find a niche, but you do need to find a lucrative niche in Affiliate Marketing. you need to find a segment that you re knowledgeable about and which you can market and make a lot of money from. Here is how to find a lucrative niche in affiliate marketing.

Find The Right Market

Don't just find the right market. Find a hungry  market. You need to find people with a ravenous enough interest to buy your product.   See whether there is a demand for your product, then start working on the supply. Next you start working on ideas for your market. Just set your brains loose and write a list of topics that immediately come to mind such as cars,  football cats, Real Estate, e.t.c.  . If you are having trouble getting your brains to work for you, the internet is loaded with sites that track the most popular searches. Sites such ask.com  AOL Search, and Yahoo Buzz comes to mind.

While doing your search, narrow down your choice of topics. Words such as dogs or cars are too broad and the competition in these two niches could be too stiff and you could be swallowed by the competition if you use these two topics. words such as "Rotweillers' or 'Ferrari's' will do you a lot of good. Then you find similar keywords using a keyword research tool. The Research tool then returns 100 of the most popular  words based on your query. For instance 'sports cars 'and grand prix events' could be suggested keyword events. If you want to get deeper with your research, you could click on any of the suggested keyword phrases to find more targeted words like 'grand prix race tracks. So the more targeted your research, the more options that are available to you. If you're looking for a reliable keyword research tool, I suggest Rapid Keyword.

Once you've selected your niche keywords, type them on  a spreadsheet.  Also, take  note of the numbers beside each  niche keyword. They indicate the number of times each keyword has been searched online. And it also  represents the demand for these keywords.

How to Monitor your Competition for your Niche Keywords

Just like any other industry, you need to learn how to monitor your competition for you niche keywords. Make sure your competition is limited as far as the keywords for your niche is concerned otherwise you are going to be swallowed. One way to go about this is to find out how many websites are targeting your keywords. To find out use a search engine such as google and enter in the search field one of your keyword phrases surrounded by quotation marks.  for instance, you type in a phrase like 'sports cars' and then hit 'enter' to get the search results for this phrase. Take special note of the number of websites that are optimized for your keyword phrase. The lower the number for the keyword the better your chances of showing up on the search results.

Continue entering keyword phrases for your niche until find keywords that will bring you prosperity. You'd be better off competing with web pages under 20000. This would help your chances of being ranked in Google. However if you really want to rank higher in the google charts, aim for websites under 5000. Make sure you write the names of keyword phrases which have little competition. Pay attention to the number of competing web pages for your keywords as well as the number of searches on your keywords according to your keyword research tool. Once you've identified with keywords with little competition,  you're ready to show off your product to your niche and start promoting it.

So this how to find a lucrative niche in affiliate marketing.  You need to find a niche you are knowledgeable about and  in which you have enough confidence to make a prosperous living . To do that you need to use keywords/phrases that are in high demand and offer little competition.  Follow these suggestions and you will be laughing all the way to the bank.