With a little bit of studying, and an eye on the industry, anyone can generate massive profits using the Internet and niche marketing.  Whether you have any formal training or not is irrelevant and as long as you are able to recognize certain key elements within the niche marketing industry you will climb the ranks to niche riches in no time!

Choosing the right niche is a very crucial, and a factor that is often overlooked – even by the wisest niche marketers.  To ensure you start off on the right foot, I would recommend choosing a niche in which you have a passion for, or an extensive knowledge of.

Why the hell would you want to be wasting your time developing a site about Chicago steakhouse reviews when you’re a vegetarian?  Catch my drift?  Just because you’ve deemed a niche to be profitable, doesn’t always translate to that niche being right for you.

the next factor is to find a niche that has a large audience, but with little competition – or competing websites.  I dare you to try and get number one ranking in Google for the term “Social Networking”, and to make that dare even sweeter, if you do I will get naked and write your name all over my body and upload the video to YouTube.

Take a look at a big market, like social networking, and start to break it down into smaller sub-markets.  Look at product or brand specific trends, new technologies, or something that is getting a lot of hype.  If you become good at catching trends before they hit you will be a force to be reckon with in the niche marketing world – and you’ll also get stinking rich and have to pay HotNicheTips.com royalties for life

A great way to recognize and stay on top of current trends is by participating in industry related forums and message boards.  You’d be surprised how many things I’ve seen on forums that have literally blown up over night – whether it was a piece of software or a new ebook.  Make it a point to be there when the ball drops!