How To Find A Niche Market In 5 Simple Steps

Post on 15-May-2015

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One of the biggest mistakes many new marketers make is that they are too quick to try and crack what they think are niche markets with very little competition.

Transcript of How To Find A Niche Market In 5 Simple Steps

HOW TO FIND A NICHE MARKET IN 5 SIMPLE STEPS

If you want to be successful with niche marketing it's no secret that you must find profitable niches to enter before you start creating products or promoting affiliate products.

One of the biggest mistakes many new marketers make is that they are too quick to try and crack what they think are markets with very little competition.

In fact there are vary few markets on the internet that have very little competition and there are virtually none without competition.

In most cases, niche markets that have no competition are probably not profitable enough targets to build a business in to begin with.

However the question still remains: "how do you find a niche market?"

Listed are 5 simple tips you can use to snoop out some profitable niches that you can enter with relatively moderate competition.

Tip #1 Search Your Own Brain For Ideas

Profitable niche markets are all around you but because they are so obvious it's very easy to overlook them.

When brainstorming for ideas, just ask yourself some questions...

What do you like to do? Where do you like to vacation? What kind of work do you do? What kind of music do you like? What are your favorite movies? How do you like to spend your free

time? What's your favorite sport? What kind of books do you like to read?

Those are just a few questions you can get started with, however you have another resource readily available to you and that's friends and family.

Ask them some of the questions you asked yourself and you should get a whole slew of ideas to work with.

Tip #2 Check Out The Magazine Rack At Your Local Book Store

If there is one thing that's for certain, magazines that are published for the purpose of maintaining communication with a specific interest group are not cheap.

When you consider the cost of materials, the amount of research needed to fill the pages and the manpower needed to bring it all together...

It's obvious that the group that particular magazine is targeting is spending money.

You will find loads of magazines at your local convenience store that can give you tons of ideas of profitable niches to target.

Tip #3 Search On eBay

Ebay is an incredible resource for finding niche markets simply because of the fact that it is one of the few places online that people go to strictly to spend money.

You can simply enter a keyword that you're considering and instantly see how much profit potential there is from the results of your query.

Take a look at the listing under the favorite categories section and you'll immediately get lots of ideas that could be potential niche money makers for you.

Tip #4 Take A Trip Over To Amazon.com

Amazon is another fantastic resource for uncovering profitable niche markets to enter.

Very similar to eBay, you can browse through the departments on the left hand side of the homepage and click on any of the listings for instant exposure to many profitable niche business ideas.

You can also click on the "Todays Deals" link to find even more ideas. The value of the information presented rests with the fact that people are spending money on these items everyday.

Tip #5 Use Google's Free Keyword Tool

If you're still not sure about the potential of a certain niche you would like to target, you can always use Google's free keyword tool.

By simply entering the main keyword for the idea you have you can get a whole list of related keywords as well as the search volume monthly.

Using Google's free keyword tool will not only help you to pinpoint profitable niche markets to enter, but you'll also be able to deliver relevant and valuable content that will help to attract the right kind of visitors to your niche website.

As a last resort you can always seek out a one stop source that will help to conduct your research, develop your website and attract customers all from one location.

Additionally you will have access to exclusive niche finding information, training and tools that the pros use to reel in massive niche marketing profits.