Saturday, March 14, 2009

Keyword Research Marketing Insight - Don't think the inmates know how to unlock the sanitarium gates...

(photo credit: http://www.flickr.com/photos/amagill/)

Marketing Insight:
Escaping the sanitarium profitably with your keywords
-- don't ask the inmates for directions.


Sometimes I get fed up with people who use advertising as proof that people are buying or not buying stuff in any particular niche.

I've been doing a heckuva lot of research on keywords recently and can tell you this - advertiser are generally clueless about what people are going to buy. And they are caught up in this insane addiction to buying advertising as a way to get leads which will convert to paying customers.

The reason I say this is I've pulled in my Ranktracker files from Google adwords KeywordExternalTool and found that there are some fascinating keywords being used that have a lot of advertising competition, but no one is actually visiting these sites. True.

Now, this doesn't say all advertisers are this way - but when I've now run into the fourth or fifth "authority" saying that you look at these sites which tell you what advertising is being bought as an indicator of whether people are buying products in that area - and I say "BULL".

If you want to see if people are buying that product, check out eBay with one of the free analysis tools out there. This will tell you if there is a real buying market for it. Now, eBay is a bit different from Google, as people who are looking (google) aren't necessarily buyers (google and ebay). But if you use Terapeak, you can see over the last two weeks (for free) if anyone is looking for a product in your category and what types of products (and prices) they are willing to pay in an auction. (One caveat - auctions are for 1] Collectors, and 2] Bargain Hunters. So prices are unreal here - both too high and too low.)

Right now, I don't know of any other area where you can find out actual sales data. You want to be able to look at the records of buyers buying. Terapeak and HammerTap both license eBay's database records to generate their data. Another source would be WorldWideBrands - even though their entry is rather high, even for a lifetime subscription. But they can tell you the rough value of an area and whether there are buyers for that product. WWB does have an online trial where you can check out your keywords in a limited degree.

Oh - but you could check out Clickbank, which does (in a round-about way) give what is selling and you can work out roughly whether you could actually make money at that stuff. Also has return rates (as some of those digital products aren't worth the digital paper they're printed on...)

But when someone tells you to see if people are advertising as an idea of who's buying what - just smile and nod and thank them - then go right on by. Because those people are probably going to be there for a very loooong time. And you should be out in the real world earning money by the carloads.

So:
Places to find out if someone is actually buying products for your niche:

  • Terapeak
  • WorldWideBrands
  • Clickbank.
Good Hunting!
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