All business start with an idea. Finding online business ideas doesn’t need to be that difficult though. Using Google’s Keyword Planner or products like Market Samurai, you can research exactly what people are looking for and how often. Market research is really easy online, you just need to know what tools to use and how to use them.
The best resource I’ve found for creating online businesses is this Online Business Ideas Guide. It goes through finding an idea, setting up the website correctly and developing it, to being able to generate income from it. The tools required are explained too.
This resource focuses mainly on building niche websites (which still gives plenty opportunities) and uses Market Samurai to do keyword research to find a profitable niche in which to enter.
Here, I will just answer a few questions about niche websites.
How do niche websites earn money?
The general way to earn money through niche websites is through advertising (like AdSense). AdSense is Google’s advertising portal. Basically, you give AdSense some space on your website (like in the sidebar) and they place relevant adverts there. Every time someone clicks on an advert, you earn commission. It’s a really great tool to generate cash with.
Another way is to sell affiliate products. Let’s say you have a website in the health and fitness sector. You could then advertise other peoples’ products and earn commission with every sale they make which you referred. This makes a lot more money than most think.
How do you develop a niche website?
Niche websites are generally easy to develop with platforms like WordPress. Even if you have little web development knowledge or experience, you can get started with WordPress quite quickly and easily.