Day 1 and 2, getting your feet wet

Posted on August 2, 2007
Filed Under 30 Day Challenge, Internet Marketing

Day 1 of the challenge was pretty simple, really. Not much to do, but that doesn’t mean there wasn’t something to learn. Day 1 could be summed up with the following list, in order, of the things we are going to do.

1. Market Research
2. Get Traffic
3. Generate Conversions
4. Create Product

When you first look at this list, it sure looks like these are out of order, doesn’t it? Why would you consider getting traffic or trying to generate conversions if you don’t already have a product? It’s simple, actually - why go to the trouble of generating traffic for a product that isn’t going to produce sales?

On day 2 we got our first real chunk of homework to do. We’re supposed to create a list of niche markets that we want to work in. After creating the list, we need to narrow the list down to 7. While you don’t need to pick 7 markets that you are well versed in, at least choose markets in which you have an interest in digging deep and learning about the market you are going to be promoting.

It was suggested that we stay out of the “major league” niches like fitness, health, dog training and refi/banking.

Finding popular niche markets to promote may sound like a daunting task. But, there are actually dozens of places you can go to come up with ideas for markets based on what’s popular on the Internet right now. Here is a list of places you can use to search for hot trends:

Google Trends, Yahoo Buzz, Lycos Top 50, AOL Hot Searches, ebay Pulse, Amazon New Releases, ehow.com and Google’s Most Popular.

Keep in mind, this list is nowhere near complete. I’m sure you already can think of several other sites where popular trends pop up. Keep your eyes open and a notepad handy.

Coming up tomorrow in the challenge, how to do market research on our 7 new markets.

If you haven’t already done so, go to thirtydaychallenge.com and sign up for the largest Internet marketing project around. You will NOT be disappointed!

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