How To Find A Profitable Niche Online

Regardless of what type of online business you are trying to develop, it’s a good idea to focus on one specific niche.

But picking out a profitable niche online can sometimes be like trying to find a needle in a haystack. The internet is a busy place and online business owners need to know that they are entering a worthwhile market before spending time, money and resources on building up a new internet based business.

Here are 7 tips on how to find a profitable niche online.

1. Google Suggests

When you type a word into Google, before you hit enter it displays a list of possible phrases that you may be looking for. This auto-complete feature draws on popular search requests from other users. Because an audience are searching for that item it is likely to be profitable online niche.

2. Amazon.com

When you’re looking for a profitable niche online business Amazon has already done a lot of the work for you. If a niche market is popular on the world’s largest retailer that will quickly tell you if you have a workable marketplace or not.

3. Magazines And Books

You can also use the offline world to search for a profitable niche online. The publishers of magazines and books do a lot of research before spending money on marketing and printing, so when you see a book or magazine for sale, it’s most likely based on a top niche market.

4. FAQFox.com

FAQFox.com scans online forums and scrapes keywords and phrases based on a word that you enter. It will list titles, links and questions that are relevant to your keyword. When you see a lot of people talking about the same problem, product or service, that shows there is a profitable niche online.

5. Udemy.com

This website shows markets where people are buying courses and education. You can use their information database to see a list of the most popular courses. This is a great way to find out what people are actually paying money for.

6. Ask Technorati

You can search for your niche subject matter on this website. If there are a good number of results, you are probably a profitable online niche.

7. The Competition

If there are lots of businesses in a market that is very competitive, it will be challenging for you to be successful. However, if there is no competition it shows that it is not a viable market. Type your niche name into Google. If there are ads related to the search that’s a good sign. That means companies are profitable enough to spend money advertising to your market. Now you need to focus your efforts on a well-defined segment of that market.

There are many legitimate internet business opportunities out there for enthusiastic online entrepreneurs. But unfortunately there are also a few dodgy ones out there too. So how do you spot a profitable online niche? There are 5 things that all legitimate web based business opportunities have in common.

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