5 Steps to a Winning Strategy Prior to Starting an Online Business

Are you lost in all the hoopla about niche marketingtheir search volume and competition.
and how to make money online? Do you think thatUse a keyword tool like AdWord keyword tool or
the gold rush is over? Though it is more competitiveWordtracker. For example, when you use the
than what used to be a decade ago, starting ankeyword "golf ball" in the AdWord keyword tool, you
online business is still the least risky business venture.will see a list of keywords with their search volume
The only investments required for a successful onlineand advertisers' competition for those keywords.
business are dedication, commitment, patience,Start grabbing keywords that have at least 1000
knowledge, and an extremely small amount ofsearches per month and the advertisers' competition
money. This article discusses a five steps strategybar not completely filled in. You should have at least
for acquiring the foundational knowledge before you20 keywords in this early phase of your keyword
start your online business.research.
1. Find a niche. The niche you choose depends on4. See what competitors are doing. Once you have a
what you like and your passion to learn more aboutselected a few dozen keywords related to your
the niche. However, there should be some reasonableniche, start your competitive intelligence research.
demand for information and services in your niche. IfEnter the keywords you collected in step 3 in Google
only a very limited number of people are interested inand create a list of sites that show up on the top
your niche, you will not be able to generate goodlistings of the search engine result page.
revenue from that niche.Visit each site and get yourself familiar with those
A second aspect of selecting a niche is thesites. Copy the title and meta tags of each site in to
competition. If lots of people are fighting in the samea spreadsheet. Now use the AdWord keyword tool
niche, it is a dog eats dog world and it will beto check what keywords they are using in their web
extremely difficult to succeed.pages.
So, how do you find a niche that has reasonableUse your competitors' keywords to generate more
demand and little competition? Learn about your nicherelated keywords using the AdWord keyword tool.
first and than do keyword research using theYou should have a large number of keywords to
techniques described below.move to the next phase.
2. Learn about your niche. Even if you think you have5. Once you have a list of keywords, go to godaddy
lots of knowledge about your niche, you should firstdomain registrar to find an available domain using
get more insights and knowledge about currentthose keywords. Click on the bulk registration link and
events related to your niche. This will also help youyou will land on the bulk registration page.
create a list of keywords relevant to your nicheThe bulk registration has a text box where you can
Start with Wikipedia and than move to Google newsenter up to 500 domain names for checking their
and blog search. Spend at least a week end readingavailability. Paste all the keywords you have gathered
and book marking enough materials for an in depthin your earlier research in the bulk registration text
grasp of the subject. Write down any relatedbox.
keywords you come across in this learning phase.Don't worry about spaces in the keywords; the
For example, let's say you want to create a nichegodaddy domain name checker tool will take care of
site about golf ball. Search "wiki golf ball" in Googleit. When you click the go button, it will display all the
and the first listing is the Wikipedia page about golfdomains available for registration. The domain you
ball. Use the same technique to search Google newsselect should be short and easy to remember. You
for some recent newsworthy articles about golf ball.should also make sure that you register a domain
The goal in this learning phase is to broaden yourwith a com extension.
knowledge and collect related keywords to yourPrior to starting any online business, you should
niche.execute the five steps described above thoroughly.
3. Start keyword research. Finding the right keywordsIf you neglect these foundational steps, you may
and phrases is crucial to starting your web site. Theregret latter.
first step is building a list of keywords to determine