Exploring Niche Markets While Getting Paid

Researching niche markets is an expected and accepted course of action for anyone working online! Most market research methods take time however and as every internet entrepreneur will tell you time is money! Well what if there was a way that you could also get paid by making product offers as you conduct your research? Well there is one way in which you can indeed have your cake and eat it too!

Let's examine a method of research in which you can make product offers and earn a commission all while exploring niche profitability!

Determine Market Demand

Set up a squeeze page with a free report or giveaway that is relevant to the niche you're exploring! Since squeeze pages are, by design, the most 'basic' page you'll find online this won't take much time or effort! Now begin driving traffic to the page and the level of response you get will begin to give you an indication as to the level of interest people have in the market! As people respond of course you want to capture their contact information which is why the free gift is offered!

As an internet entrepreneur you'll likely be interested in generating traffic with as little cost involved as possible! This can be done by submitted articles, visiting relevant forums or using social network sites to share your message and business link! At this point you don't have to go all out driving traffic but be aware of the response you do get 'relative' to the effort you invest! With little effort if you start to get a good response you know you're on to something!

Promote Affiliate Products

Remember we talked about getting paid for own efforts well here is how its done! Start making relevant product offers to the subscribers on your list which should be relatively simple. Here too you don't have to invest a lot of effort in product development since there are so many affiliate programs you can find online. It should not take much time or effort to locate numerous items you can use to make varied and multiple product offers!

Gauge Competition

Assuming the product offers you are making have a strong relevance to your squeeze page, free gift and the niche you're exploring you should make some sales! Remember this relevancy must be established and is very important you do so to be sure you're able to accurately assess the feedback you get! If you're having difficulty in getting any sales it is safe to assume there are other similar product offers being made out there! You know how most people love to 'shop' around! Now it's a matter of how much effort you want to invest as to whether you continue to pursue this niche!

Researching niche markets is something every internet entrepreneur should do before they decide to invest their time and energy! Most market research methods take time and for the typical internet entrepreneur the time it takes without making money can be torturous! On the other hand the 'strategy' suggested above also allows for you to make product offers to the list you accumulate as you conduct your research! In fact the steps involved in building the list can also be used to help you judge market potential! Although there are many other market research methods available that will give you more in-depth feedback, few offer the opportunity to earn an income at the same time!