Choosing Profitable Niches

By Chandan Singh

Here’s what you’ll discover in this e-book:
Learn what a niche is precisely. You’ll learn about niches and what exactly niche marketing is and how it can help you build a successful business.
Why finding a niche for your online business is so important.
Find out what makes a niche profitable.
How to choose a niche that is right for your business.
How to get started with your niche research.
How to analyze your competition and why it is crucial for your success.
Discover how to find your ideal customer.
Find out how to build relationships with your target audience.
Why it is so essential for you to choose a niche if you want to succeed as an online entrepreneur.
The secrets to finding a profitable niche and learn about some of the high earning niche markets that you can choose.
Find out how to choose a niche based on your interests and why choosing an evergreen niche is essential.
How to sell as an affiliate and why this is an excellent way to get started in niche marketing.
The secrets to finding hot keywords that will help you grab the maximum number of specifically targeted customers.
How to organize your keywords into groups to discover potential buyers for your products and services.
How to determine how many competitors are in a niche.
Techniques for researching and surveying your target market so you can pinpoint precisely what their pain points are in your niche.
How to utilize online surveys to gather information about your target audience.

• Language: English
• Publisher: Lulu.com
• Release date: Dec 19, 2020
• ISBN: 9781716314339

Book preview

CHOOSING PROFITABLE NICHES

Contents

Chapter 1      5

Types of markettarget approaches      5

TargetMarket      6

SecondaryMarket      6

NicheMarket      6

MainTarget Market      6

SecondaryMarket      7

NicheMarket      7

Chapter 2      8

NicheProducts      8

Chapter 3      10

NicheProduct Ideas      10

Chapter 4      12

Targeting withNiche Products      12

Chapter 5      14

IdentifyingYourPassion      14

Chapter 6      16

Choosingthe Niche      16

The niche needs tobe lucrative      16

The niche must be interestingtoyou      16

The niche must have alongerlife      17

Chapter 7      18

Analyzing yourNiche Potential      18

Chapter 8      20

Profit Potential forYourNiche      20

Is there a demand for your productorservice?      20

Is there any competitor that is already targeting yournichesegment?      21

Does you niche product has a highlifetime value?      21

Chapter 9      22

Analyzing the Competition inNiche Market      22

Chapter 10      24

Niche Research- Why is it aBigDeal?      24

ReadMagazines      24

Make use ofE-baywebsite      25

InterviewRealProspects      25

Enter theTarget Market      25

Check outyourCompetitors      25

Chapter 11      26

Ideas for earning high profits through niche product

................................................................................................................................................................... 26

Chapter 12      28

Successful NicheMarketing Tactics      28

TargetedAdvertising      28

Tellthe Truth      28

OfferAddedPerks      28

BuildRelationships      29

Follow an on-goingNiche Program      29

Chapter 13      30

Viral Marketing forNiche      30

Chapter 14      32

How Niche Marketing Is Different fromGeneralMarketing      32

Chapter 15      34

Strategies for selling nicheproductsonline      34

Chapter 16      36

Testing YourNicheMarket      36

Chapter 17      38

Advantages of aNicheMarket      38

LowCompetition      38

LowStart-up Costs      38

Customer Selectionand Satisfaction      39

Chapter 18      40

Common Errors inNicheMarketing      40

Offering Niche product to abroaderaudience      40

Ignoring the betatestingstage      40

Differences between product benefits andconsumer’sinterests      41

Miscalculating the size of anichesegment      41

Malmonetizing  givenniche market      41

Chapter 19      42

Niche inaGlimpse      42

Chapter 1

Types of market target approaches

Identifying the target market is not an easy task. It is indeed one of the vital elements which inform you about the market you want to target and how it can bring the maximum benefits to you and your consumers and prospects. In other words, it will become easy for you to look after your customer’s needs and wants in a much improved way only if they all are grouped according to their tastes and desires. There are different types of market that can be targeted. They are discussed below.

Target Market

This type of market consists of your key customers that have the identical needs and wants. Although you have not fully described their needs, you still are in a better position as you are aware of who is your target market. It can be on a larger scale or smaller scale. However, more than the size is their needs which will play a decisive role in the end.

Secondary Market

This is the market that is linked to your target market; however it is not the segment that earns you the majority of the revenue. For instance, a company who makes roof, their primary target market consists of commercial buyers who replace roof. In addition, the same company also has the secondary market that contains residential segments that repairs roof. Although the majority of the income is extracted from the primary segment, nevertheless the secondary market does make a handy contribution to the roof company.

Niche Market

This kind of market consist your would-be or potential customers that have a different need not satisfied by any company. It is not an easy task to identify your niche market. However, when it is discovered,