How To Find A Profitable Niche Market To Make Money Online
As online marketers we need to find a little focused areas where we may base our business and make money online from. At the same time a lot of online entrepreneurs find it rather hard to select on their niches.
There are various steps to take whilst seeking your niche or niches. The first one might be to begin considering your own interests and see whether any of these could be used for a niche in your IM business.
What hobbies and interests do you have? Do you enjoy watching sports, do you love handcrafts or carpentry, are you an eager reader of novels or do you love working in the garden? Make a list as long as you are able to enumerating all the interests you’ve and where you already have some knowledge and expertise.
This can expand into your work environment also. There’s no need for you to limit yourself at all. Whatever topic that comes to mind should make it onto that first list that you collect. You don’t need to use them all at first. Some may be developed later on.
Finding out a niche in an area where you already have some knowledge and love will make your initial launch into an online venture much more gratifying than getting stuck into a topic of which you’ve no knowledge at all and do not even know.
It will as well make it easier for you to be authentic and build yourself a status of an expert. Remember that it will need you having to make material for a blog, articles, e-mail blasts and advertisement. It will make it so a good deal easier if you’re enthusiastic.
If you’ve no former knowledge it does not matter, as long as you find something that coulded interest to you. You may never have done any rock climbing, but if the topic has all of the time fascinated you and you’ve often read stories on defying climbing up adventures, then it will be almost the same as knowing about the topic.
A topic such this could be just as good as a hobby that you’ve had for many years. Add these interests to your list of potential niches. Nothing that could interest you should be left out. The only criteria is that you’ll enjoy searching and writing on the topic.
If you’re still stuck you may do some research on what products and services are being sold with success with online sellers such as amazon, ebay or etsy. What trends can you find, what are hot sellers now and what coulded be the future big item.
There are trends sites such Google Trends or Yahoo buzz to see what´s the latest topics and products and what people are looking for right now.
You could as well would like to use Google’s search-based keyword tool. Use the tool to look for keywords and phrases that you could find worthy for a niche.
Do not forget to look into the offline world. See what magazines are publishing and what their big topics are. Are there products in supermarkets that are getting vast shelf space. For example dieting products might be something you see is very popular.
Choosing on your niche markets ought to be a fun and exciting thing to do, besides that, they can help you to make money online. This industry allows you to be as creative and adventurous as you would like to be. There are no boundaries. So have fun while you work at the beginning of your internet marketing journey.
Have you already begun a niche market online venture? Have you already succeed?
To Your Success,
Luis Torres
www.marketing-business-review.com
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These are all great tips Luis! Finding the right niche that has LOTS of searches and LITTLE competition is definitely the starting point to making money online!
.-= Jake´s last blog ..Find a Great Niche – Right Under Your Nose! =-.
Hi Jake,
Hey seems we are onto the same topics. Now I know who am I heading to if I need some advise, lol.
haha.. Luis I would be more than happy to help you in any way that I can!! 🙂
.-= Jake´s last blog ..Find a Great Niche – Right Under Your Nose! =-.
Hi Jake,
Now watch out, I may ask a lot, lol.
always learning on MMO 🙂
Hi Sherry,
Good to see you back.
I do believe it is important to first investigate niches you are familiar with, and enjoy working on. I know some people make the mistake of going after the highest paying niches, but yet they don’t gain any ground on the competition and make no money out of it as a result, because they lack interest in the topic. So I definiltely always recommend going after niches you feel comfortable and enjoy working on.
Till then,
Jean
Hi Jean,
Thats the best way to do it, unless you have your own staff and make them go for the best paying niche, but if you are not on that level like most of us then that´s the only way.
Totally agree!
I really want to join affiliate marketing but I don’t have a hosted blog. Are there any other options? thanks.
Hi Kitchen,
You can use “Free Web Hosting” company, I used them in the beginning before I switched to a paid hosting.
hostgator is not free right?
and why is it in linux/unix? why not windows? thanks.
Hello Luis,
Those are some great tips and resources you gave. I have found that many people jump into the first opportunity that comes along, without researching it and wonder why they don’t make any money. If you do some research and are passionate about a niche, you’ll be much better off and on the road to success.
.-= Robert´s last blog ..The Right Way To Interact On Twitter =-.
Hi Robert,
You are quite right about it. Research it is the foundation of a successful niche marketing business.
The market is filled with ideas that only wait to see the daylight. But modern economical crisis makes people wait and see how the situation will turn. So, this is the best time to try something new that could give huge benefits. I think that there is also a risk that if something will go wrong it will be harder to start again, buy… No risk, no fun, as they say.
.-= Tipsy´s last blog ..Pazurki od Eweliny =-.
Hi Tipsy,
Welcome to my blog. keep coming.
You are right, and niche marketing is one the best ways to start if you are a newbie.
Hi Luis,
Nice post and I do agree with you. Passion and enthusiam are the key to your nich. And even though we still don’t have the great knowledge and expertise to it, we can still write about it. What we can do is to write anything about ar selected niche from the beginning of our search for excellence to the achievement of that excellence.
Hi Vic,
Yes, it is the key and maybe the only that will help you to go on, without enthusiasm and passion you may end up completely burnt out and consequently you will quit, something that happens very often in the online world.
By the way, sorry to make a second comment.
I just want to tell you that my mozilla firefox got porblems and I am using Internet Explorer8 now. I have noticed that your blog template looks different and has a sidebar placement problem. Your alxa rank is also decreasing. I wish all the best for your blog.
My best regards,
Vic
Hi Vic,
Most of the WP blogs I have visited looks better with mozilla and looks pretty awful with IE. And yes my Alexa are decreasing, guess it is cuz my posting and online activity has decrease a lot, I will improve that as soons as I can.
Hi Luis,
Which do you prefer? Doing niche market or doing broad market? After some thinking I think I want to do the broad market. Instead of making blog about forex investing, I can do general investing. That way I can create more articles and the blog could be bigger.
Hi Ian,
Good to see you back.
Depends on how broader are you talking about. If it is a way too competitive market I will not get into any broader markets and I would prefer a niche market inside that broader market, where at least I can compete and place my keywords on the first page of the serps.
For what I know the broader market is the more competition you will encounter. So, I guess it will depends of your resources like time and money.
sometime , choosing niche is not easy than we think . there are lot of stuff we need to be considered . try and try will be the best think that we can ever do
.-= Make money And blogging tips´s last blog ..Make money with T3leads – pure pay per lead affiliate program =-.
Hi Jeandsen ,
You are right, besides doing full research we need to test and test and test and…, this is the only way to succeed, even if it sounds a lot of work. Maybe that is why not many people succeed, they just stop trying hatder and harder, they quit before succeeding.
That’s the most challenging part to seek a profitable niche, usually I’ll be using Google Adwords Keyword tool to do keyword research, and trying to get a keyword which is high CPC rate and low competition. You have a nice article here Luis!
Regards,
Lee
.-= Lee Ka Hoong´s last blog ..Make A Living With Affiliate Marketing Online Program =-.
Hi Lee,
Good to see you back.
That free Google tool it is quite helpful to begin with any niche keyword research.
good tips for finding a niche
I’m looking for some legitimate ways to make money online. I really want to be able to make some money from home to help me with the state of the economy. Please let me know of some legitimate ways to make money online without having to pay anything. I am also not looking for anything that is a scam because that seems to be all that I can find online these times. Please let me know of some websites that any of you have tried and are known to easily work. Thanks in advance and your help would be greatly appreciated.
Good article about choosing a niche. It is very important to take ample time to choose your niche. While you can make money with nearly any niche, you will only really be successful in certain niches. So it is best to do the research to find where your best opening is. The trick is to find something that interests you but is still very profitable.
Good written about find profitable niche marketing. I am newbie in make money online and i collected all information related that. Thanks for information.
The adwords keyword research tool is great for researching competition for prospective niches.
I have chosen diabetes as my niche since I am suffering from it. I believe that I could relate to those people whoa re suffering from the same disease as I am.
.-= Diabetis´s last blog ..Accu-check Compact Plus Meter Kit =-.
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