7 Simple Steps to Identifying a Profitable Authority Niche

The biggest hurdle for anyone starting a new Internet business is picking a niche.

We all have various interests.  So it’s hard to determine if a topic will work or if it’s a waste of time.

This problem becomes more pronounced when building an authority business.  It’s hard to pick a topic when you know it’s a multi-year commitment.

More importantly, determining the profitability of an idea is the key to long-term success.  So while an idea might look good on paper, it’s important to find out if it will actually make money.

In this edition of the Authority Internet Business case study, I’ll go over my seven-step strategy for identifying the profit potential for any niche idea.

Not only will I provide a detailed blueprint, I’ll also give specific examples from the research of DevelopGoodHabits.com.

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[Free Kindle] How to Find a Profitable Blog Topic Idea

Today I’m doing another free offer of my latest Kindle book:

How to Find a Profitable Blog Topic Idea

It’s a continuation of my “Better Blog Booklets” series where I provide step-by-step blueprints that help readers overcome the many obstacles related to blogging.

This book will be free through Amazon’s KDP Select program for the next five days.

Starting today (April 27th) to the end of Friday (May 1st); you can download a free copy to your e-reader of choice.

Read on to grab a copy and learn how this book directly relates to the “Authority Internet Business” case study I’m launching in a few days.

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7 Questions for Finding a Profitable Niche Market

Find a Profitable NicheOne question I’m often asked is:

“How do I know if I’ve found a profitable niche market?”

This is an important question – Especially if you’re about to build a large scale authority affiliate site.

There are a lot of tricks to determining if a niche is profitable.  The best way to get started is to answer seven simple questions…

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9 Places to Find Best Selling Amazon Product Ideas

Best Selling Products Shopping Cart

Best Selling Products Shopping CartThis Thursday is Thanksgiving here in the United States.

After that is the dreadedBlack Friday,” which marks the beginning of the hectic holiday shopping season.

This is the perfect  opportunity for anyone with a killer physical product site

Right now, millions of people are ready to pull out their wallets and buy gifts for their loved ones.

This looming holiday season provides a reminder that promoting physical products can be extremely profitable.

In a recent article, I discussed six strategies for making passive income.

One of things I recommended is to diversify your revenue streams.

And a great way to do this is to create small niche websites that promote Amazon physical products. {affiliate link}

Now, one of the big problems with creating a niche Amazon site is knowing what to promote.  That’s why I’ve listed nine sites that can help you find top selling physical products…

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THE Affiliate Research Formula [Free PDF]

THE Affiliate Research FormulaThis post will be a brief one.

That’s because you’ll need the time to read the free PDF I’m offering today.

As I mentioned last week, I’m going to release my first information product on Monday, July 4th.

It’s called: Affiliate Marketing without the Bulls**t.

The goal of this course is simple – To detail a successful affiliate strategy without the lies and hype you often get from ‘Internet Gurus.’

Now, the major obstacle with selling a make money online course is I have to answer the question that many people have: “Can I make money from what I’ll learn?”

I really can’t guarantee my product will be the magic pill for everyone who reads it.  I think some people will find it useful.  Others won’t.  That’s a fact of life that I can’t change.

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One Niche To Rule Them All

Power of FocusI’ve always believed that building an Internet business is like sipping from a fire hose.  It’s almost impossible to learn just a little.  Because of information overload it’s really hard to know *who* is right about the secrets to online success.

One thing that pisses me off is the idea of the Underachiever Internet Marketer.  He’s that guy (or gal) who makes lot of money from dozens of niches.  What annoys me is many folks believe you can find success by juggling different markets and projects.

I know some people make money doing this.  But also some people make a living as a quarterback of a NFL team.  It takes a very special skill set to manage lots of websites.  Frankly, I think this is a bad strategy for anyone who is getting started online.

I believe in a simple philosophy.  Focus on one niche at a time.  When I say focus, I mean be prepared to spend 2 to 3 YEARS in this market.  Only then, will you be able to build a solid, profitable Internet business.

There’s another reason why I recommend focusing on a single niche.  It’s the best way to provide real value to an audience.  Juggling multiple markets turns you into the proverbial jack-of-all-trades.  You’ll know a little bit about a lot of things.

As an Internet entrepreneur, people come to you seeking top-notch information.  It’s up to YOU to be that person who provides it.

To illustrate this point, take a look at this diagram:

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Research a Niche Blueprint: How to Research Internet Marketing Niches

How to Research Internet Marketing Niches

Today, I’d like to talk about how to research an Internet marketing niche. I’ve called this post the “ultimate guide” on the subject. I don’t know if it’s going to live up to that label. But I’m going to list the same step-by-step blueprint I would use to laser target a profitable niche.