How To Find The Best Niche For You

How To Find The Best Niche For You

As an Internet marketer, determining what niche you want to build your business around is one of your first decisions. It’s helpful if you know something about your niche so that you are somewhat familiar with it and your learning curve is not as steep.

For example, if you are a chicken farmer who has spent the past 20 years working on an egg farm, you probably don’t want to launch a business having to do with buying foreign currencies, especially if you have never traded in Forex in your entire life.

Rather, you probably want to consider capitalizing on your expertise and working within the poultry niche.

A good place to start is by thinking about your own passions. What sorts of things fascinate you? What could you talk about for days? If you choose a passion niche – especially for your first online marketing business – it’s easy to share your enthusiasm with others.

Do you have a hobby or interest now or have you had one in the past? Was there a job you had, an educational experience, or some sort of informal training that you could use as the foundation for building your expertise?

Benefits of Passion Niches

When you are interested in your niche, it will help to keep you from becoming bored or frustrated later. But your niche should also be something your customers are going to want as well.

What you want are niches that have a lot of customers and different types of products that can be packaged in various ways and priced in the mid- to high-price range.

Here’s an example: Assume you have always been interested in consumer electronics, which is an excellent niche. For your first product, you might choose to promote replacement parts for 3-D HDTVs that cost only $1.25.

While this would be a good product if you are the only seller of those particular parts after they have been discontinued – because you could essentially charge anything you like – in any other instance, you would need to have a huge volume in order to make a lot of money.

Because you want to work in the consumer electronics niche, a better product might be the 3-D HDTVs themselves. While they have a much bigger price tag, you could arrange to buy them through a drop shipper, and each sale could bring you commissions worth several hundreds of dollars.

Researching Your Niche

Once you’ve selected a niche that you believe has a lot of potential customers, the next step is to confirm it by conducting niche research.

Measuring the size of a niche market is as easy as going online to see if there are a lot of competing products already being offered in the niche you have selected by doing a simple Google search. Let’s keep our example of consumer electronics.

Go to Google, search “3-D HDTVs” and you will instantly discover hundreds of competing products within that same niche, meaning you have hit upon a niche with a huge potential customer base.

The main objective of niche research is to determine if there is a high demand for the types of products you want to promote. Visiting these web-based marketplaces can tell you that, because if a lot of products are being offered in your niche, that means potential buyers are plentiful.

Evaluating the Competition

To size up your competition, generally the first place to visit is Amazon, the world’s largest online retailer. While Amazon is known for selling eBooks for Kindle and other e-Reader devices, it actually is the marketplace for practically any type of product in the world.

So you want to search on Amazon to see what other marketers are selling that are the same or similar to the product you are considering.

Amazon also provides a lot of data you can use to develop your own marketing plan even further, such as how many similar products already are being offered for sale, which are the least and most popular, and the price range you can expect.

To skip from being a beginner in what you do to an expert earning as much as six-figures or more a year, regardless of having any prior knowledge, check out this program made by multi-millionaire guaranteed to get you results and make you a master at what you do by clicking here!

34 Replies to “How To Find The Best Niche For You”

  1. I loved as much as you will obtain performed right here. The cartoon is attractive, your authored subject matter stylish. however, you command get got an edginess over that you would like be turning in the following. sick unquestionably come more before again since precisely the similar just about a lot continuously inside case you protect this hike.

  2. Hi, i think that i saw you visited my blog so i got here to go
    back the desire?.I am trying to in finding things to improve my site!I suppose its ok to use some of your ideas!!

  3. Hmm it seems like your blog ate my first comment (it was
    super long) so I guess I’ll just sum it up
    what I wrote and say, I’m thoroughly enjoying your blog.
    I too am an aspiring blog blogger but I’m still new to the whole thing.

    Do you have any points for novice blog writers?

    I’d genuinely appreciate it.

  4. Thank you for another magnificent article.
    The place else may anybody get that kind of information in such a perfect way of
    writing? I’ve a presentation next week, and I am on the search for such
    information.

  5. We stumbled over here coming from a different page and thought I
    might check things out. I like what I see so now i’m following you.

    Look forward to exploring your web page yet again.

  6. Excellent weblog here! Additionally your web site quite
    a bit up very fast! What web host are you the usage of?

    Can I am getting your affiliate link on your host?
    I want my web site loaded up as fast as yours lol

Leave a Reply

Your email address will not be published. Required fields are marked *