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Wednesday, March 10, 2010

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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