It’s time once again to take a look at the past and see how it applies to me today!
In this week’s Deja Vuesday, we take a look back to exactly one year ago when I was looking for a niche to fill:
I bought the SiteBuildIt! kit today and I’ve been using the BrainstormIt! feature, which lets you look up keywords and compare them using the “(demand/supply)*1,000=profitability” formula. I’ve looked up broad terms like “guitar” and “anime” and I’m using the keywords that I get back in order to figure out which niches are profitable and which aren’t.
Here are the broad keywords that I put in that came out with a high profitability:
anime, band, drawing, fiction, japanese, local bands, magic the gathering, manga, shred guitar, and writing.
Out of those broad keywords, I have compiled a list of keywords with the highest demand and the lowest supply (that’s a good thing, hehe). Note the inter-relationships between them. Here they are from least profitable to most:
“lap band surgery failure”
“briefcase in pulp fiction”
“beauty pop manga”
“baseball diamond drawing”
“drawing graffiti letters”
“local phoenix bands”
“drawing of a red rose”
“how to shred guitar”
“anime drawing guide”
“harry potter slash fiction”
“free book writing software”
“pencil drawing of a fairy”
“las vegas local bands”
“pittsburgh local bands”
“train the band”
“write my name in japanese”
“how to draw manga hair”
“pencil drawing of a skull”
“buying magic the gathering cards”
“basic magic the gathering rules”
“dress up anime games”
“drawing character cartoon”
“japanese symbol dictionary”
“how to draw anime hair”
“male pregnancy fiction”
“how to draw manga eyes”
“magic the gathering wallpaper”
“magic the gathering rulebook”
“how to draw anime faces”
The last one, “how to draw anime faces”, was the only one to go over 1,000,000 (it was damn close to 2,000,000 in fact). Let me explain. Remember the “(demand/supply)*1,000=profitability” formula I talked about earlier? In essence, I want to build a business around a niche that has a high demand and a low supply. The reasons for this are twofold.
First off, building a business around a niche that has a high demand is like selling ice cream in the summertime. You have a product that is in high demand and that can be immediatly bought by the customers. It’s much harder to sell ice cream in the wintertime than during summer.
Secondly, building a business around a niche that has a low supply will allow the little guy (me!) to harness a generous and steady stream of income much easier than trying to compete with all the big boys. It’s like trying to get food with big mean dudes guarding it.
Now getting back to the numbers. Although I don’t know the details, I can reason that the supply and demand figures are generated by the amount of search engine traffic and other websites’ keywords. Of course, the profitability is generated by dividing the demand by the supply and multiplying it by 1,000. Why 1,000? I dunno.
So what keywords do you think that I should look further into? I can’t wait to hear what you guys have to say about it!
I can’t believe that I bought the SiteBuildIt! kit. Wow! Now don’t get me wrong, it’s perfect for business beginners and people who don’t want to fuss around with technology, but for someone like me who knows a thing or two about how to build a website, it just didn’t work. I got a refund less than a month later and decided to do things my own way.
I’m not trying to discourage you from buying similar products; I’m just saying that what didn’t work for me might work out fine for you and visa-versa.
I was looking at the keywords and I’m kinda bummed that the Magic: The Gathering blog didn’t happen. I planned on helping create a blog about Magic that would have articles by Eriopolis and my other Magic playing friends, but because of everyone’s current workload at college and graduate school, I doubt that it would have fresh content beyond summer and winter breaks.
If everyone is willing to contribute content for it, then I’d be more than happy helping them set everything up and submitting articles myself, although I don’t wanna do everything all the time because it would take too much time away from my own blogging and vlogging. Yes I’m unemployed right now and I have a lot of free time, but that won’t always be the case. I might have a job for a month or two 😉 .
Well gang, it’s been fun, but I gotta run. See ya next time!