How can I tell if the market I want to get into is good?

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I want to put up a blog about writing fiction. How can I determine if it will be possible to make money with it?

I don't see the kind of website I want to put up anywhere out there and I have some really good ideas (just believe me). I guess writing fiction is also a skill not too many people have aquired and the ones who have don't have an internet business on their mind. There seem to be a lot of rather crappy sites up out there and they are visually unattractive as well.

I'm not sure whether to take the fact that there is no really good competition as a good or a bad sign. Maybe I just have a lot more to offer, or maybe I just don't see them. My site is going to be in English.

Google keyword tools tells me there are about 20 million hits on "writing" per month (part of them interested in fiction), and the competition is low. People are striving for self development, and many of them for creative expression. I believe that if I create something really good and stick with it, there can be a lot of money earned.

Do you agree?
#main internet marketing discussion forum #good #market













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  • "How can I tell if the market I want to get into is good?"

    =================

    Test Test Test.... And don't target generic keywords like "writing" even if Google keyword tool tells you it has low comp. Start with long tail keywords...
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    • I agree to test in various ways and when using Google to use long tail keywords. However, you need to research your market you want to get into. You can use old fashion methods, bookstores, asking friends, relatives in additions to the internet. Some times the old gumshoe method can give you some insight.
      ric
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  • Banned
    One thing I always do to see if their is money in a market is by searching it in google and seeing how many ads come up for it. If their are tons of ads, then you can be sure to make tons of money through adsense as long as you can get the clicks.

    I only use the Google Adwords Keyword Tool for finding popular topics, not high paying topics.
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  • Write what you are good at teaching about. Go to the google keyword tool and type in keywords to see what type of competition you may have in your niche and focus on those keywords that will work best with your niche.
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  • As a fiction writer, would you visit the blog you have in mind?
    If so, then there is a good chance there are many others that will be interested.
    Also, who cares what Google says? You will get most of your traffic from other resources and from your networking with like minded writers. At the very least you will have a blog that you enjoy working on while increasing your blogging skills.

    Good luck!

    JL
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    • I think the best way to see if its a good market to get into is checking the traffic for different keywords associated with this blog. For example, if you use raventools you can get some really good information on keyword competitiveness.

      Its really important to check keywords-if there is no traffic for this niche market then you really wont stand a chance to make any money.

      Just my opinion.
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  • Do background research. Find your main keyword term and search on Google for the competition. Study their sites. Then if you find that it could be worthwhile, put up a squeeze page and invest in Google Adwords real quick to see if people are actively subscribing to your list. If they are, then you should proceed and enter into the niche.
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  • @EnterIn: Thanks, that's a good answer! I checked out sitesell, as far as I see, you have to be a member there though to be able to use the tool. Would you recommend joining (not just for the research, but I'm looking for some overall guidance)? When I google my key phrases, I see a tiny bit of advertising coming up. It's very little, but it's more than none. You are right, btw, this is a lot about amazon.

    @youngsiteowner: Thanks, did it, see above

    @JesseL: Thanks, of course I would visit that blog. Interresting comment.

    @connorbringas: Thanks for input!

    @Randall Magwood: Thanks. My "competitors" sites look awefull, in both content and visuals. The way I envision this, this won't be competition for me. But the question is if it can make me enough money though.
  • I took a quick look at Amazon where I searched for "how to write fiction."

    For that topic, Amazon lists...

    1,672 paperback titles
    584 hardcover titles
    244 Kindle titles
    5 HTML titles

    So I would guess it's a good market.

    To make money from a site you must have products to sell.

    Have you written a course about "how to write fiction?" Perhaps several courses about writting different types of fiction?

    What do you have that people interested in writing fiction would want? Now sell that.

    :-Don
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    • That's exactly what I was going to say.

      There's a market for that. People always want to know how to write or get published/self published .


      Bill


      .
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  • Awesome, Don, that's an excellent point - I don't see any good online courses on that topic, but there are many physical books out there, that's for sure. Which brings me back to my line of thinking that creating websites is not quite the first thing that's on the mind of somebody who is driven by the wish to create awesome fictional stories.
  • Ensure you have the Exact field checked when using market research tools.
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  • I havent read any of the responses here but...

    1. Are there any big forums?
    2. Is anyone advertising?
    3. Is anyone actually selling anything in the marketplace?

    If NO NO NO, then ditch it.
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  • Actually you have to be tricky to get traffic from a website targeting fiction publishers. You have to bear it in your mind that your targeted users want intellectual thoughts. So give them what they want. Like I personally use iGoogle to get traffic, But there is a sad news that within next November iGoogle will no longer be supported by Google. But you still can use it to get traffic. The people who love literature surely add your gadge in their site.

    Hope this helps.
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    How can I tell if the market I want to get into is good?

    I want to put up a blog about writing fiction. How can I determine if it will be possible to make money with it? I don't see the kind of website I want to put up anywhere out there and I have some really good ideas (just believe me). I guess writing fiction is also a skill not too many people have aquired and the ones who have don't have an internet business on their mind. There seem to be a lot of rather crappy sites up out there and they are visually unattractive as well.