subject: Research and Find Your Own Niche Market [print this page] Research and Find Your Own Niche Market Research and Find Your Own Niche Market
While it's true that the number of niche ideas is practically limitless, there is still a basic principle you need to base your research on when choosing your niche market. You can promote whichever product and/or service you want, but make sure that there is a demand for either/or. Whatever you are offering should be something that people are looking for, something that will somehow enrich their life or make their life easier. Something that will make them look better, feel better, solve a problem, entertain them, earn them money and so on. Any of these things are always in demand.
Once you have pondered over your niche ideas and decided on which product or service you want to promote, you need to research your niche market. This research will provide you with a foundation for your niche marketing program. So, what do you need to find out? You'll want to get a sense how many people on average are searching the internet for what you plan on offering. Then you need to determine what kind of competition you'll be up against, because chances are several internet marketers have the same idea as you and have already devised a niche marketing strategy of their own. By competition we mean how many niche websites there are that you will need to beat out to reach the top of the search engine results pages.
You'll also want to determine how much you should charge for your service or product. To do this you can look at competing products and get a sense of what is a reasonable price.
Once you have come to the conclusion that there are people searching online for what you have to offer, and that they are willing to pay for it, you know you have potentially viable niche ideas and that your niche marketing strategies should work.
Of course, when it comes to online or internet marketing, there are other ways to earn an income. You don't need to be a product creator or a service provider. You can also create a niche market around other people's products and become an affiliate marketer. In this case, you still need to do the same research, but that's it.
If you've been trying to find a niche market of your own and not been successful, why not use the research we have already done? Niche Initiation provides fully researched niche ideas!
