How to Find & Choose a Profitable Niche? Ver 2.0: 5 Value Picks >>

.: Have you tried the simplest way to spot your niche?   :-)

In my previous post, the first task for us to complete is to spot our niche by using the simplest method ever. Now, the second part of our lesson is to choose and select which niche is going to give more profit among all niches we've found earlier.

Before we continue, let us immerse ourselves in this motivational quote~~   ;-)

A Living is made by selling something that someone needs at least once a year, and a Million is made by selling something that everybody needs every day. "

by ~ Thorton Wilder, American Dramatist, 1897-1975.

This quote gives us the ultimate clue in obtaining our real million - in order to get that money, we sells something that everybody needs every day. Seriously straightforward~   X-D And because we are doing online business, instead of targeting big market with more buyers, we choose to sells in much smaller market, a niche market where every buyers buys every day (achieving this target alone can give us 4 figures income per month)~~   ;-)

To choose a profitable niche, we need to sort out our niches first. We need to keep in mind that what we want is a niche which will be valuable (aka profitable) when we do online business with it. Below is the five criteria for a niche to be considered valuable:

• it give us higher profit,
• it is more popular than the rest,
• always get continuous demands,
• sells better with accessories,
• and if we're lucky, a recurring niche is the most valuable niche of all~   ;-)

One of the necessary tools to help us in determining how valuable a certain niche is by using Google Insights, a free IM tools by Google. Of course there is a lot of (better) tools out there, such as the birdy Niche Blueprint 2.0 or the handy stream of Micro Niche Finder, as starters we use this free tools first. :-)

Stay tuned for the next post - an example post how we gonna spot and choose a niche, narrow it down, and start niche-ing our online business without spending a penny~~   ;-)


IM-AIOExplained: "The best pick will yield better results and higher profits??"

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How to Find & Choose a Profitable Niche? Ver 1.0: Eye and Ear >>

.: Greetings to my dear niche colleagues~~
:-D

It's been kinda busy lately and now it's time to follow up my previous post. (Being busy is good thing, makes me think and think and think about my next post~~). Today's target: min 3 articles posted. Heeheehee~   ;-)

After reading and getting a hint what is a niche definition before, we need to take action. Yes, niche-ing is good, it takes lots of our unnecessary workload out and left us to finish a more simpler and manageable tasks. But how to choose and spot a niche? More importantly, a profitable one?

First, we talk about niche spotting. Based on my previous study, the easiest way to spot a niche is by 'opening our eyes wide and listening with both ears'. Quite ironic, but that is the simplest way ever in spotting a niche, honestly! :-)

Open our eyes wide: Spot any TV/newspaper/banner/brochure/internet/whatever ads near you.
Listen with both ears: Spot any needs/demands/requests/wants/claims/problems/whatever you heard around your community.

Why are you doing this? It is primarily because a niche is a distinct market of demand for a products or a services. By taking note of what people wants and needs, we will be able to notice what way can we serve (sells to) them. Logic?   ;-)

image credits to: Ryan Somma.

The eye reasoning: Usually, ads in TV or newspaper is the ads from companies which have been making real money with their existing products or services. They know that their ads do caters a big portion of the market. Our initial job actually has been simplified by them - which is looking for buyers for our products/services (while at the same time confirming there is a demand for it). So, what we need to do now is to narrow down their ads to find a smaller and special market, and that is our niche.

The ear reasoning: This one is pretty tricky, but it is very direct. We heard straightaway what our prospect wants. They usually will asks for solution, or need help in solving their problems, for example how to repair their home appliances, or how to care their plants, etc. Sometimes we can heard current trends from them, what is the newest fashion, best homemade recipes, etc and this type of verbal information is definitely the niche we need to grab.

So, that is my two simplest way to spot a niche market. Start watching and listen to your surroundings, and then grab your niche one by one~~   ;-)


IM-AIOExplained: "Happy niche-spotting~~" :-D

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