Dominating niche markets is one of the most profitable Web based businesses today. With nearly 1.4 billion online customer prospects itching to find what they need in 2008, just about any niche has a great chance of success. Even better; the need for good, user friendly niche sites has never been greater since most site owners use a "shotgun" approach that leaves their visitors overwhelmed and under impressed. These future customers are craving a good niche site and these tips will help you give them exactly what they want!

Step 1: Get Small, But Not Too Small; Refine your niche to the smallest money making component.

Some niches are smaller than others. The trick to finding a profitable niche is to break down your topic to its smallest profitable component. Let's say you want to sell music and music memorabilia. Well that's a pretty broad category so narrow it down a bit like this...

Music > Mainstream > Top 40 > '80's > "Hair Bands" > One Hit Wonders

Now, one hit wonders performed by "hair bands" in the 1980's might be too small a niche to be profitable but there was certainly no shortage of hair bands in the '80's. So your music niche might look like this...

Music > Mainstream > Top 40 > '80's > "Hair Bands"

Quick Profit Tip: If you want even quicker profits you can simply join a niche affiliate marketing program. The rest of this information still applies and is more important than ever. I just wanted to let you know you have plenty of options. Let's focus on the tips for now and I'll share a good reference at the end for finding a profitable niche affiliate marketing program.

Step 2: Make Sure Your Niche is Really Right for You; OK, maybe this seems a little too "common sense" but make sure you really enjoy researching and working within the niche you choose. What's fun for a few hours a month now as a hobby might not be as much fun if it becomes a second job. Here are some tips to help with this...

A.) Choose something you either know a lot about now or really want to learn about. This will help eliminate a lot of potential frustration later.

B.) Try to find a niche where you genuinely like and can relate to the "typical visitor." You might find yourself spending a lot of time handholding them through buying decisions and the like.

Step 3: Make Sure Your Niche is Primed for Profits; Try to find a niche that has a large enough target audience to keep you busy and plenty of things people are willing to pay for (such as 80's rock memorabilia in our example.)

You can use Google's free keyword selection tool for this. The goal here is to find keywords people are searching for and seeing how much competition there is as well as how many people are looking for your niche keywords.

Go to https://adwords.google.com/select/KeywordToolExternal and enter any keyword or phrase that you think your target market is looking for. This free tool will give you tons of info on the word you entered plus any related keywords. The little partially filled boxes show you how popular the search term is and how much keyword bidding competition it has.

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