The Golden Rules of Niche Mining

There are a few golden rules of niche mining you need to know before you start setting up a website or a blog on the product you THINK you want to market.

Before you dive into any niche, you need to be 99% certain that it’s going to be profitable.

How can you be so sure? Well, the truth is that no one can be absolutely sure 100% of the time, but by adhering to the golden rules of niche mining, you can substantially narrow the odds of picking a non money making niche.

Here are the three Golden Rules of Niche Mining you need to know before you even think of setting up a website.

• Good Niche Markets Should Never Be Too Small

When niche mining, never pick a niche market so small that there is virtually no interest in it.

Regardless of how you choose to promote your product or service in a small market, you will find that there is usually not enough interest there to earn any substantial profits.

Although there are some high ticket items you can promote in small niche markets; people normally don't earn enough from them to make it worth the time and effort that is expended.

One typical example is zither music.

A Google search turns up only 41,100 search results for this query. Although for a high ticket item this would be a potentially good niche market; the cost of zither music makes it's pretty much a non-starter.

If you don't have enough people in the niche market of your choosing, there will be little to no profits for you to enjoy.

• Good Niche Markets Should Never Be Too Big

When niche mining never pick an overly crowded niche market.

The flip side of picking a market with little to no interest, is picking a market that is so overly crowded that you can't compete. If you can't carve out a nice piece of the pie, all you will get are the crumbs.

A typical example is the Internet marketing training niche.

A Google search turns up over 50,400,000 results for "Internet marketing training". You don't have to be a rocket scientist to realize that this niche market is not for the faint of heart.

It is already maxed out with professional Internet marketers that are dominating the search engines and the market as a whole.

To make any money at all in this market, you would have to spend tons of money in order to create a suitable product for consumption and get your website ranked high in the search engines.

Even if you could eventually break into this market niche, the odds are you wouldn't make a dime. This market niche should definitely be left to the professionals who dominate that market.

Super saturated niche markets with hundreds of thousands of competitors should be avoided like the plague.

• Good Niche Markets Should Be A Balance Between The Two

Successful niche mining will give you just the right blend of maximum interest and minimal competition.

Your niche should be large enough to be profitable, yet small enough for you to be competitive. You don't ever want to enter a niche market where you can be shut out of the competition.

The golden rules of niche mining sound easy enough to incorporate, but finding elusive niche markets is not an easy task.

Most people can’t even tell you how they managed to find their good market niches.

While many stumble upon them by accident and couldn't repeat their success if their life depended on it; others methodically devote a lot of their time and effort to researching and niche mining.

Learn How To Research And Target Keywords Using Free Tools, Here.