How To Pick A Profitable Niche

How To Pick a Profitable NicheWhat Is a Profitable Niche

A profitable niche can be a subset of a market and it is created when there is an audience for a specific product or service. How to find a niche for an online business can be difficult task and many think the bigger the better, which in most cases, this is not true.

The video below, showcases how pick a niche.

Tips to consider
Find a niche you enjoy
Identify demand and supply
What is missing in your niche
Always aim to provide a solution
Research your niche, pros & cons
Identify if you want to provide a service or a product
The breakdown of a niche are as follows:

Main Stream this is the umbrella or the highest level of that niche or market
 Niche this is a subset of a broad market
 Micro Niche this further drills down from a niche

Example 1

  • Mainstream  Golf
  • Niche:  Golf Clubs
  • Micro Niche:  Women Golf Clubs

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