Thursday, November 30, 2006

Making Money Online All About Supply And Demand

If you want to make money online you cannot just set up a website and assume that people will visit it, you have to promote the website. Even if you promote there is a great chance you still will not make any money. The reason behind that could be supply in the demand. With so many people turning the internet for income you have to make sure that you focus on the opportunities that can make you the most money.

The best opportunity to make money online right now is to find niche markets. Niche markets are areas that consider of in demand product but they are products that everyone does not need. For example DVD movies cannot be considered a niche because almost everyone has DVD movies and DVD players. In contrast, wheelchairs can be considered a niche because they are something that are only used by a small percentage of the population. Niche markets are also very profitable because prices can be maintained at suggested retail price because of lack of competition, whereas, people selling more common products have to reduce prices and offer more specials to keep existing customers and get new ones.

No comments: