4. A niche market is composed of individuals or businesses
that have similar interests or needs, which can be readily
identified and easily targeted or reached.
5. Finding a niche market means finding a highly targeted
audience for your product or service.
6. If you want to profit consistently,
knowing your target market is the
most important thing.
7. It’s more easier to reach a smaller group of people
interested in a specific idea, as opposed to a large group
of people interested in a broader range of ideas.
8. Coming up with marketplace ideas is
easy - but proving whether they will
make you wealthy isn’t.
9. The #1 mistake most online entrepreneurs make is... they
find or create a product or service to sell and then go and
find a market for it. This simply does not work.
10. My top 3 criteria for qualifying a profitable niche market.
- Are there others websites selling to your market?
- Is there activity on social media websites?
- How popular is your niche market?
11. HS A
I put my niche market ideas through five important tests
each time I start a new business online.
12. First, come up with a list of 5-7 niche market ideas
starting with your passions, hobbies, knowledge areas
and interests.