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5 Things To Look For In A Potentially Profitable Niche
There is one basic reason you are reading this right now. You want to make money off the internet. Chances are, you have come upon this page by searching the internet for articles that can help and guide you in starting or developing your own niche marketing site.
If that is the case, youíre on the right track. To make it big in the online niche market, you have to be willing to learn and intensive searching and researching is the key. Arming yourself with the right knowledge will help you a whole lot in your search for a potentially profitable niche.
Not all niches mean profit. That is the true and clear fact. Before proceeding in building a niche marketing site, make sure that you have all the knowledge you need. Here are five things to look for in a potentially profitable niche.
1) Make sure that you have a market.
All you have to do is go to a search engine and type the keyword of your chosen niche in the page. Click for results. See if there are many sites that offer the niche that you want. The more sites there are and the more forums they have means more market that can potentially go to your own site.
Join some of the forums and see if the niche you have chosen is in the market for products that has something to do with your chosen niche. There are also many programs in the internet which provides numbers and figures on how many people search for the niche you have via the searches done.
If your niche is about a certain basketball team, see if they discuss about certain products like team shirts, team caps, team apparel, memorabilias, videos and others. If they are, then they probably would be in the market for other products pertaining to the same niche that you have.
2) Find other ideas that can attract interest for a niche product that you can develop.
In the same forums, jot down ideas and suggestions that many of the members mention. You can combine these ideas for a product that many people are looking for or want but is not in the market. Or better yet, you can take an existing idea and develop it for your own product providing more features and more options.
For example, an existing team clock for a team niche could be added with a feature such as a database and a screen where games schedule can be downloaded and stored in as well as playersí pictures and stats as well. There are many ideas out there and itís just a matter of discovering them.
3) Find out if your niche market has potential in buying power.
This again is an easy task. The more ads there are and the more products being sold in the market means there are many people who are willing to shell out cash for this niche.
Googleís Adsense will help a whole lot when you see Adsense sites of your niche with many advertisers on the site. If there are many Adsense ads in the site then this means that there is a great profit potential for this niche.
4) Find out if your niche hasnít been cornered by a major corporation.
Do intensive research on the competition. If there are many big and major corporations already covering this niche, chances are they have a finger of every potential big niche product idea in the market.
Even though there is always a good idea lurking around, these major corporations have large staffs and large capitals that can outsell you in terms of quality as well as pricing. They can afford to out price you.
5) See if there are potential sub niches for your niche products.
Try to see if you can expand to other sub niches for your niche product. These way, you donít get stuck in a rut with the same niche every time. You can be diverse as well as fresh everytime for your potential customers.
By having sub niches you can add links as well get more Adsense advertisements because you cover a whole lot more without totally deviating from your niche. The more ads you have the more there are potential profits for your niche.
Auto and Trucks
Business and Finance
Computers and Internet
Food and Drink
Gadgets and Gizmos
Kids and Teens
Music and Movies
Pets and Animals
Politics and Government
Recreation and Sports
Religion and Faith
Travel and Leisure