You’ve got your niche now, how are you going to make some money?

Of course there are lots of ways to monetize your site but you don’t want to spend 100’s on it … Easy money that’s the ticket!

The first question to ask is what does the audience want? Without knowing what they want how can you sell them anything?

A few places to research your audience:

Google Groups - Search your keywords and Groups will let you know what your audience is asking about, having problems with, etc.

Amazon - Not only can you do competitive research here, check out the user comments - These are people that have bought the product and telling you what they want (& what they don’t).

Technorati - A blog search engine … Are people talking about it, if so what are they saying?

Through these tools you can learn what the audience wants!

Create your own Niche Product

The best thing to sell is information … It’s 100% your product, 100% your profit and you people will pay to save them time/energy/money of doing their own research.

I know what you’re thinking … That sounds tough, I’m not a writer, I’m not an expert.

You don’t have to be! As long as you create VALUE you have something that people will buy.

And how do you create value — By giving them what they want, which you just figured out by doing the research.

1) What are the top problems of your audience

2) Write one paragraph for each in a paper notebook

3) Keep that notebook with you at all times. What you’ll notice is that you’ll have ideas for each area - WRITE THOSE DOWN.

4) Over the course of a few weeks you’ll start to fill the notebook, then it’s a matter of spending a few hours and connecting the dots.

5) Voila you have  your product!

Now at this point it might not be a masterpiece and you might not be proud of it but this is only the FIRST DRAFT - You can always improve it, revise it, expand it, turn it into a video series … The hardest part is to start and by taking these steps you’re on your path to success.

Think of making this up, sounds too easy? Look to one of my hero’s Cory Rudl. He started with a simple ebook and that led to version 2, version 3 and many, many other products … You have to START making money online somewhere.