Day 2 is all about picking the right niche.  I’m going to have trouble with this.  I would really like to hit the debt relief niche, but Justin thinks it’s too big a niche to start out with.  Maybe I can do a sub-niche.

The basic suggestion to finding a profitable niche is to find a group of hungry fish, find out what they like to eat, and feed it to them.  Translation: Find a group of people who have a problem/passion/issue, find a solution/product for it, and give it to them.

The suggestion of using adwords campaigns to try to see which of your triggers works I think is a great idea.  So I dug around and found my $100 adwords voucher I got from Google and signed up for adwords.  The thing had an expiration date on it of Jun 4th, but it looks like it gave me the credit anyway. Thanks Google!

I created an ad for fighting back against debt collectors and pointed it to a content page on an existing site that I own.  I guess we’ll see what happens. My next step is to create a few more ads and test them out.  I made my daily spending limit only $3.00 so I won’t use up my $100 voucher too quickly.

I was a little surprised that Justin didn’t mention anything about keyword research.  Most gurus will tell you to look for demand using Google’s Keyword Tool or Wordtracker or something, but his suggestion was simple: look for what is being talked about, what advertisers are spending money on, and combine that with something you love. Something you’d do for without getting paid for it.

Honestly I’m not sure what I would do for free.  Travel maybe? play with Android phones all day?   But I can’t think of a problem that needs to be solved in either of those niches.

Liane over at yourwebprosperity.com has a cool little pdf that looks like it will definitely help to lay out niche ideas in a very logical manner, as Justin has suggested.