Internet Marketing Venturer

Brining my blog up to speed, I’ll do a quick recap of 30DC Market Research phase. That would be Day 1 - Day 6.

Finding Niches

If you look up definition of Niche on Wikipedia you will see that “A niche market is a focused, targetable portion (subset) of a market sector.” That’s what we are looking for. Not a market, not a product, we are looking for a niche market. To find some inspiration and data on what are people into now, we use some great free tools:

• eBay Pulse - What people are buying?
• Technorati - What people are talking about?
• Google groups - What people are passionate about?
• Google Trends - What is interesting daily
• Yahoo Answers - What answers do people want?

In addition to that, you can and should always use real life as an inspiration and a resource. Look around, see what’s hot, avoid what’s not.

THE STATISTICS

After finding some niche markets, hopefully lot’s of them, we have to pick 7 of them and make a list. Now using Wordtracker’s free keyword tool we shall see how popular these 7 niche markets are. We just type in the niche name or the term you would enter for example in Google search if you want to find that specific niche market.

I saw somewhere in 30DC Forums that people should never reveal their niche markets. This may be true, but I’ll go public with mine, we’re all here in one giant Internet Marketing experiment, or school if you prefer:

Matchsticks
Keyboard Labels
Picture Framing
Wind Chimes
Outdoor Umbrellas
Toothbrush Holders
Sea glass

That’s it. I think these are a very good niche market candidates, but let’s see what happens in the next post.

This entry was posted on Wednesday, August 8th, 2007 at 3:58 am and is filed under Thirty Day Challenge. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.