I have read that the less web traffic you get the more likely you are to have found a niche, but I'm having a hard time equating that to dollars. No traffic or very little traffic = almost no sales.
Where does the happy medium come in when you are naming your website the niche keyword and expecting to get generic google traffic for ranking in the top 3 positions?
Is there a success formula like:
xxx minimum and maximum competition + between xxx and xxx web traffic = potential success
I've seen many programs that tell you niche keywords. Then, when you research the competition level, actual traffic you could get at various search page positions, and the money value of the keyword you got nothing. There must be something that I'm missing, or my expectations are too high, or ___________ (fill in the blank). I simply want something I can duplicate with a reasonable chance of success.
Any quantifiable variables that can be used to create a success formula for picking a niche keyword would be appreciated.
Thanks for your input.