Few days back in my article “Why the hell my blogs revenue so low?“, I recommended to try concentrating on smaller markets also known as niche markets.
To be most effective, you need to target a specific niche, and attract the proper users and audience for your Website.
If there are only a very few ads when you search for your niche then you will probably make more money as this niche may not have been exploited till yet.
Here are some easy ways for finding a good profitable niche market:
- Take a look on popular product categories on Amazon, eBay, and other major bookstores.
- Look some popular hobbies and interests of your friends and family which can be used to make money online.
- Take help from those local classified ads for products and services from your newspapers.
- Try visiting www.magazine.com for some ideas
- Have a watch on the TV ads on what is being sold and how.
- Visit popular article sites and most popular subjects on those sites, e.g. www.ezinearticles.com
- Making a visit to Digg.com could also help in finding a profitable niche.
- Look at Google Hot Trends to see what is most popular for any day.
- Try visiting sites like Dmoz and About.com to get some niche market ideas.
- Visiting sites like Yahoo Answers, Wikianswers and wikihow could help you a lot in what people want to know.
- Springwise is also a good site for searching new business ideas.
- VRE (virtual real estate) toolbar for Firefox. This installs a cool toolbar in Firefox which lets you search 15 places for niche ideas, e.g. About.com, eBay, Google Sets, etc. Plus it have many more cool features. A must try!
You can also subscribe to DailyNicheIdea to get Niche Suggestions Delivered Free To Your Email!
But before choosing any niche market make sure if that niche have any products to promote or not, also make sure that search engines(mainly Google) is sending a enough amount of traffic to this niche market which can be converted into sales.
I think following these steps can really make your search a good profitable niche market. Do tell me if you have any other ways for searching a good niche market.
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Wow, old article which still useful. Anyway, i just become new fan of google trends because the look of trend result is user-friendly, and even newbie can understand it. Now, i’m trained enough to find niche market quickly. And i know, the hot niche in my country now is “KPK vs Polri” (i’m sure, for you who is not live in my country, you will not understand it :P). I’ll looking for international niche market since i’m going for clickbank seriouly on 2010.
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You could also look for “sponsored listings” on Google when searching. In that way u will know if somebody actually is willing to advertice in your niche. Its very important.
Thanks for the tips on researching niche ideas. There are some good nuggets of info to research that I never thought of. Looking forward to reading other posts on this site.
Great tips on finding a profitable Niche.. One thing I would like to add here is the ‘Dummies’ series Books. Those books are a great indicator to what sells and what is in demand.
Popular or so called hot niches , have a lot of earning potential power, but the cons, is that the competition is really really high. Starting a niche that is kind of moderate with low competition may be the best for beginners.