Want to do in-depth market research to find a profitable niche site idea? Then Wordtracker is one of the best tools in the industry.
It’s not as popular among website owners as other keyword research tools are these days. But it offers a ton of features that can help you quickly brainstorm ideas and find good potential niche sites.
Stay tuned till the end to learn how to find a profitable niche with Wordtracker in detail.
- Use Broad Keywords in Wordtracker: Initiate your search with a broad or seed keyword to generate niche ideas.
- Analyze Keyword Volume and Competition: Use Wordtracker’s data to identify high-volume, low-competition keywords for a profitable niche.
- Validate Your Niche: Check real-time competition on Google using your identified keywords to validate the niche’s potential profitability.
- Consider Personal Interest: Choose a niche that aligns with your interests to enhance content creation and engagement.
- Evaluate Practical Aspects: Assess your time availability, content creation ability, and multiple income sources for a successful niche.
- Ensure Niche Profitability: Look for diverse income sources, potential for ad revenue, affiliate marketing opportunities, and a passionate target audience within the niche.
- Use NicheScout.Pro for Extra Assistance: For more niche ideas, use tools like NicheScout.Pro to filter niches based on competition and keyword volume.
- Align Interest with Profitability: Successful niche selection involves balancing your interests with the niche’s potential profitability, facilitated by Wordtracker.
Here’s How To Find A Profitable Niche With Wordtracker:
1. Enter A Broad Keyword In The Search Bar
The first step of finding a profitable niche site idea using the Wordtracker tool involves entering a seed keyword into the search bar.
And this seed keyword can be anything that interests you.
Let’s say you are a techy person and you like smartphones, laptops, and various other tech gadgets.
So, just enter the seed term smartphone for instance in the search bar and wait for all the results and data the tool comes up with.
2. Analyze The Keywords And Try To Find High Volume But Low Competition Keywords
The next step after entering the seed keyword in the search bar is to analyze the results.
You will see that the Wordtracker tool gives you a list of keywords along with the performance trend, volume data, competition data, and more related data.
Using these data sets you can narrow down your niche choice and see how many low-competition but high-volume keywords are available in your niche.
As a general rule, you should at least aim for finding 30 to 50 low-competition but high-volume keywords in any particular niche. This will give you good confidence in whether or not the niche is worth giving a shot.
The best part about the Wordtracker tool is the ability to easily tweak and filter out the data.
Whenever you click on each of the data categories, a respective horizontal slider pops up.
So say, you need to filter only low competition keywords that are under 1000 search volume, you can drag the slider of the relevant fields accordingly.
You can see how many keywords are available in the low competition and moderate search volume range.
The best thing about the Wordtracker is you can have all the data in one place including the trend of each keyword.
3. Validate Your Niche With The List Of The Keywords
After you have found at least 30-50 low-competition and high-volume keywords in any given niche, it’s time to validate each one of them.
So hop on to Google and type one by one each 1 of the keywords and see how you are seeing the real-time competition level. Notice all the competitors for these keywords.
Pro-Tip: Be sure to keep a note of competing sites so that you don’t have to do it later on. It saves time and also helps in better formulating strategies and plans.
Observe how many times you are seeing a high authority site ranking for the keywords.
If too many websites with high authority are coming up in any niche, then it’s better to skip that niche and look for other niches.
But if you have often low DA (domain authority) websites and forums, then that’s a good sign. You can easily dominate the niche by creating quality content.
4. Make Sure You’re Interested In The Niche
While doing the niche research, don’t forget to account for your interest in the niche as that plays a vital role.
You learned how to explore various keywords related to any niche till now. So I would recommend sorting out at least 3-5 such niches in which you would find at least 30-50 low-competition keywords. This is a good validation check before finalizing any niche site.
And once that is done, then you can consider your passion for the niche to ultimately decide what niche you should be working on.
You see, tools like Wordtracker can help you find the best low-competition keywords with that data. But it is you who would be working in the niche for months and years to come. So it is very important that you at least have some level of passion or interest in the niche.
Also, when you are passionate about a niche you can create more content in a better way than others. So it also increases your chances of succeeding in that niche.
Even if you’re not familiar with the selected niche, at least it is better to have some level of interest and curiosity in the niche as that will drive you to work in a better way.
5. Finalize Your Niche Site Idea
Apart from passion and hobby while considering any niche site idea it is also important to consider other factors as follows:
- How much time can you devote to working in the niche?
- Can you easily create content in the niche without the help of others?
- Is the niche profitable and how many income streams are available?
Asking these questions will help you solidify your goals and pick a better niche.
6. Ensure Your Niche Is Profitable
A crucial factor in achieving success for any online venture is the discovery of a profitable niche. However, determining whether your chosen niche will yield profitability can be challenging. To help you navigate this process, consider the following essential points.
A profitable niche often brings forth a multitude of earning opportunities. It goes beyond the monetary gains from selling products or services; it encompasses the creation of various income streams.
These streams can take different forms, such as offering courses, selling services, consultations, eBooks, or conducting webinars. The more diverse your income sources are, the better equipped you become to navigate market fluctuations.
Considering the potential for advertising revenue is another important factor. Different niches offer varying opportunities for earning through ads.
If your niche attracts advertisers who are willing to pay a premium for ad space on your website, this could become a significant source of income.
However, it’s crucial to find a balance between maximizing ad revenue and ensuring a positive user experience since ads can sometimes detract from it.
Take a closer look at your niche’s affiliate marketing potential. Are there ample products or services that align with your niche and can be promoted? If the answer is yes, this opens up another avenue for potentially lucrative income.
However, keep in mind that trust is paramount when it comes to successful affiliate marketing. Only endorse products you genuinely believe in and are confident will provide value to your audience.
Lastly, it is important to target and engage a specific group of audience. The profitability lies in catering to passionate individuals within a niche.
These individuals are more likely to actively interact with your content, share it with their networks, and ultimately become customers.
Quality should triumph over quantity when it comes to building an engaged audience. Utilize social media platforms, forums, and online communities to connect with these individuals and cultivate a dedicated following within your niche.
In a nutshell, discovering a profitable niche involves more than simply choosing a subject that ignites your passion.
It encompasses thorough research and comprehension of potential income avenues, such as advertisement revenue and affiliate marketing, while also nurturing an active and devoted audience. This endeavor demands time, dedication, and strategic thinking; nevertheless, the benefits can far outweigh the investment when the right niche is identified.
Speaking of profitable niche site ideas, did you ever wonder about niche research for Amazon? Then we highly recommend checking out this guide on finding profitable niches with Amazon to learn more.
Need More Help? Check Out The Free NicheScout.Pro Tool
Now if you’re on the lookout for more niche site ideas then don’t forget to check out the free tool NicheScout.Pro.
From the database of niche site ideas, you can filter out the niches based on the competition score and keyword volume. Then, you can also export it as an Excel file.