How to find your niche market?

How to find your niche market?

How to find your niche market?

How to find your niche market in the internet is not a rocket science. You can learn to do that or even mastering the techniques of find a niche market. But a lot of people have this misconception about the term "niche" market and also going about finding a niche market. You cannot simply find a popular or a good product, thinking or assuming you have found a profitable "niche". There are many factors that contribute to a "profitable" niche such as are there sufficient demand, are there merchants offer products within that niche and there are affiliate program for people to join.

Before we going about finding ourselves niche market, we need to define exactly what a niche market is. A niche is a group of people who share a common interest or it could be a group of people searching for a solution to their problem or it could be a significant numbers of people with defined needs and wants that can be met by products or services that those members of the group are willing to purchase. A niche is usually a smaller pie of a larger market or industry pie. This is where advertiser in the internet can take advantage by receiving low-cost and highly relevant traffic to their website.

How do you search for a niche market? For example, we started with the keyword as broad as bag and we expanded upon it to several tiers, digging it down until we found a niche.

Bag

School bag, camping bag, lady handbag,

Red school bag, red camping bag, red lady handbag,

Red Gucci handbag, red Gucci leather handbag, red Gucci New Jackie leather handbag

This is how you can take any keyword and break it down to smaller components and finally obtain the component of a "niche market".

Other sources of keyword searches for a "niche market" would be from problem statements such as "fix, repair, solve, cure, how to, where to, etc" in the forum, groups or blog, where you can what people are looking for a solution to their problem which reveal the many niches in the questions and literally take their concerns and turn them into campaigns. Beside forum, groups or blog there are other techniques like searches in human-edited directory, dmoz.org website, Google trends and hottrends websites and even searches through the "Consumer Demand Index" in shopping.com website can help in the finding of range of different products that can be your next niche.

As mentioned earlier, for a niche to be successful, the supply and demand components have to exist. Typically, people search for demand for a particular niche first before they look for the actual supply. If there is no audience or demand that means there is no opportunity and this is not the niche you are looking for.

The more research you are willing to do, the better off you will be. Remember, success is 90 percent planning and 10 percent execution. If you like, you may go to http://www.bingenhub.com/.

Joe

Email : joecheok@bingenhub.com

POST COMMENT

Finding Suitable Market for Virtual Wholesaling Affiliate Marketing Tips for Beginners Who will be the leader of the smartphone market? eCommerce Montreal – How to Market Your Online Store Marketing Services NJ - Why It's Necessary G-20 Old News...Today Markets Will Be Back to Bashing You Know What International Market Research: Translation Is the First Step The Rise And Fall Of Dubai Property Market: Abu Dhabi Property Market The ERP Marketplace 2010 Hooters Coupons Deals, Scams Bloggers Payday Scam Review - Is Bloggers Payday a Scam? Rob Benwell Bloggers Payday Scam Review - Is Rob Benwell a Scam? Epic Traffic Systems is taking over the marketing niche