Well, I'm back with another update. If you want to know where I left off last time just visit this page: Day 1

It turns out the research steps in the BeBiz software are very thorough. This also means it is a great learning tool for those attempting to understand market research in order to find that perfect niche.

The next section I worked in was called, "problem statements". It could also be called long tail keywords as most of us are accustomed to. Remember the synonyms, action and seed words from Day 1? Problem statements are automatically created by connecting all those words and this can create a very large list.

Due to the ingenuity of BeBiz large lists don't take much time to sort through. It has the ability to group and color code your choices. For example: One of my interests was wine and after a quick glance through the problem statements I noticed the word recipe was used fairly often.

So I decided to create a problem statement with the keyword, recipe. Next, just use the search function for the word recipe and tick off the ones you want. BeBiz will then color code all your selections for future use. It is a real simple process and one of the reasons I am enjoying this software, it's highly organized.

Once I finished with collecting the problem statements it was time to see what my pay per click competition was like. This is one of the easiest steps so far as all you need to do is select the keywords you want to check PPC on and click, "Price It", that's all there is to it. Repeat the same sequence for each of your interests and get ready for the next step.

This next step is the time consuming one but very, very important. This is the SEO Competition task and for those that don't know what SEO stands for it's  "Search Engine Optimization,"

What this step will determine is the type of competition you will have on your keywords. BeBiz opens up an internal browser and inserts each keyword on the Google search engine from your list. You do this one keyword at a time and browse the first two pages on Google. There are 3 check boxes: free competition, direct competition and indirect competition. You just visit each site listing and decide what category the site belongs to, BeBiz will keep this organized and give you a top ranked competition number. The higher the number the more competition, so this is a great tool to help in deciding if your chosen niche can be profitable.

Obviously this appears to be a lot of work and along the way I have learned that hard work is the only way to get lasting income off the internet. Sure, it's possible to make a quick buck with the trial and error method but why not put the extra effort in and develop an actual long term paying business. Just look at the professional marketers out there, most have long term businesses they have built over the years. And that's why they are still making money today. They stuck with it and built it.

Next post will start with picking my target niche from all the market research I have accomplished so I can begin building my business. Comments are always welcome…

Never Give Up

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