Niche marketing research is the first step to how to find a hot, money-making niche. For clarification purposes, a niche market is a specific segment of a larger market. It is a group of people who are interested in the niche.
The goal is to find this group of people who are so interested in and excited about the niche that they spend money for products related to it.
If you want to be successful selling online you have to know what people want and what people are buying. That is what you need to be selling. You do not want to sell something that no one is buying. This is where niche market research comes into play.
Many online buyers are interested in buying only what THEY want to buy. They do not care who is selling it and they do not care if you are selling it. But, if you just happen to be selling what they are searching for on Google, then you have a great chance of making that sale.
There is nothing better than finding a hungry market with credit cards in hand and PayPal accounts online, looking to buy what you are selling. This is what niche marketing is all about!
You don't want to sell a product or products that there is no online market for and that's where a lot of online sellers make their first mistake. They create a digital, downloadable product like a video, audio or ebook or start selling someone else's product as an affiliate and then try to find a niche market to sell that product to.
Do you see how this approach can lead to failure? Do you see that this is the wrong way to start your online business?
This is why market research is so important before you get involved in niche marketing. There are hundreds of ways to find out what people are looking for and what people are buying and there are hundreds of websites where you can do free market research. You just need to know where to look.
Do yourself a favor and do the research into what people are buying before you start selling any old product. You'll be very glad you did and your bank account will thank you too.
There are thousands of products, both digital and physical, that successful online entrepreneurs are selling to thousands of niche markets of consumers and buyers and information-seekers.
Niche marketing is really just a matter of putting all the pieces together: 1) people with money searching for something to buy; 2) those people finding your website or blog that offers exactly what they are looking for.
How to put all the pieces together will be revealed in upcoming posts, so be sure to bookmark this site and come back often.