How To Find The Profitable Niche

How To Find The Profitable Niche

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Hello, dear reader! Welcome to my blog post about how to find a profitable niche!
Are you struggling with finding your ideal niche? Don’t worry anymore; you are in the right place now.

How To Find The Profitable Niche

The Topics I Am Going To be Covering today:

What is a niche?
Why do you need your niche when doing business online?
Is it better to be involved with a broader or narrower niche?
What is your niche market?
Who is your Niche audience?
Finally, I’m going to reveal several tips and ideas about how to find a profitable niche.

So, if you want to discover all of this, stay with me for a while and keep reading this article through its end. I’m sure you will love it.

Let us begin with a niche!

   What Is A Niche?

The Niche is a group of people interested in the same topic, product or service. The people are sharing the same interest. There are thousands and thousands of niches available. Anything can be a niche! A dull pencil can be a niche.

How To Find The Profitable Niche

Well, if you hold on and think for a moment, there is a whole industry involved in the production and selling of a pencil — the designers, the infrastructure, the business holders, the employees, the logistics, the sellers, and many others.

However, this simple pencil represents a broad niche. The pervasive group of people that will be interested in this product.

I am sure that it is easy to understand that to be dealing with a broad niche is very often much harder to succeed with, instead of dealing with a narrower one.

A narrowed niche is a more specific niche, a smaller one, that focuses more on a singular topic that is easier to work with, present, describe and to build a business around it. It is about the targeted group of people that are interested in a specific subject what makes more comfortable to target and to get customers, because of fewer competitions.

As a beginner, while working with a narrowed niche, you need fewer sources and resources, and you are competing with less competition! Thus, having more chances to succeed faster, more comfortable and on high levels.

In our example with a pencil, as a broad niche, you can dig more deeply into the pencil niche and specify the product or service around pens products.

Narrow The Niche!

That means, for example, you could narrow the pencil niche by choosing only the charcoal pencils, ink pencils, color pencils, pencils for children, wooden or plastic ones, or even pens made of any other material.

Do you get the picture here? By choosing a specific pencil, you’re going to be able to focus all your time and effort into this particular product what will make more comfortable for you to attract visitors to your offer in a faster and easier way.

You could also start with a broad niche what will it takes you much more time and effort to attract your Market because the competition is the much higher end you need much more resources to compete against such a massive amount of competitors.

It Is Crucial To Define Your Niche! You Need To Know How To Find The Profitable Niche! You Also Need To Find The Proper Market For Your Niche.

Depending on the kind of your promoted product or service, you will need to select and focus on a specifically related market.

Again if we would use our example with pencils, using color pencils for children as your main niche, you will target children whit such interests.

If your niche would be ink pencils for managers or carbon pencils for artists, you will probably want to target audience with such interests; it will create your targeted market.

As we can see, it is not that difficult to understand what is a niche; why do you need one end what market to target! However, many people still have difficulties in finding the proper field of action for their business and in making money online.

With that said, I want to help you today with my tips and some ideas about how to find a profitable niche! My goal today is to make it more comfortable for you to take the proper decision.

   What Is A Niche Market?

Wikipedia explains about Niche Market the following:

A niche market is the subset of the market on which a specific product is focused. The market niche defines the product features aimed at satisfying specific market needs, as well as the price range, production quality and the demographics that it is intended to target. It is also a small market segment.
Not every product can be defined by its market niche.

The niche market is highly specialized, and aiming to survive among the competition from numerous super companies. Even established companies create products for different niches; Hewlett-Packard has all-in-one machines for printing, scanning and faxing targeted for the home office niche, while at the same time having separate machines with one of these functions for big businesses.

In practice, product vendors and trade businesses are commonly referred to as mainstream providers or narrow demographics niche market providers(colloquially shortened to just niche market providers). Small capital providers usually opt for a niche market with narrow demographics as a measure of increasing their financial gain margins.

The final product quality (low or high) is not dependent on the price elasticity of demand, but the specific needs that the product is aimed to satisfy and, in some cases, aspects of brand recognition (e.g. prestige, practicability, money saving, expensiveness, environmental conscience, or social status). When there are needs or desires with specific and even complex characteristics, the market niche requires specialized suppliers which are capable of meeting such expectations.

Read more by clicking here!

   The First Tip About How To Find The Profitable Niche I Can Share With You Today Is The Idea About Your Expertise.

How To Find The Profitable Niche

To be involved in any niche and to be able to present and market it successfully you need to possess specific skills, knowledge, the expertise.

I’m sure you are already an expert in a particular field. Sit down for a moment, think over and find out what you know best! Ask yourself what you could share with the world?

It would be your first source for finding your perfect niche. Put your skills and knowledge down on the paper. Become aware of your abilities. Share them with your audience, and you will get your reward for it.

Your expertise includes your passion about something, your particular skills, your level of knowledge and your valuable experience.

  • What is your passion?
  • Did you acquire special skills related to your passion?
  • Did you develop a high level of knowledge about it?
  • How experienced are you with your skills?

Answer these questions, and you will learn a lot about your possible perfect niche! If you do so, let me know about it, and I would be more than happy to find out what your expertise is.

Perfect, now you discovered your unique skills and your expertise that you want to share with your audience.

   My Next Advice About How To Find The Profitable Niche Is To Define Your Targeted Audience!

How To Find The Profitable Niche

The profile of your targeted persona. It is actually about defining the pattern of your audience on the internet.

There are many ways how to do that! I’m not going into it now! However, if you want to read more about, then click here and inform yourself additionally about it.

You are moving on now to our next idea about how to find a profitable niche! It would help if you defined the places online that your targeted audience is visiting.

I want to mention here that, by conducting specific researches online on different online platforms, related to your expertise can help you more closely to define your perfect niche.

The places online where your perspective targeted audience is circulating could be the search engines, social media sites, various online directories, related forums, online communities, and you can find them even within your email subscribers.

You can use all these platforms to contact and engage with your perspective targeted audience to find out more about their needs, desires, problems, and offer them solutions. The solutions can be the ideas for your perfect niche. These researchers can help you in return to narrow your niche and provide answers to these particular needs.

You need to know that within this audience there are many niche experts that you can contact and ask for their opinion.

   My Next Tip And Idea About How To Find The Profitable Niche Is Talking To Experts!

It is probably the most valuable source of your research online when speaking about finding a profitable niche. These people already have much experience and possess a high level of knowledge you can use to find out how to position yourself with a specific niche.

I highly recommend asking those people for their opinion! I’m sure they’re going to be glad to help you out. You see, the website you are on it now is dealing with the affiliate and online marketing niche, which is an extensive one. However, I like it that way. I love the topic. I was always interested in such activities and wanted to learn as much as possible about it.

It is also one of the main the reasons why I joined, after my opinion, one of the best, if not the best online education program about affiliate and online marketing, which is called a Wealthy Affiliate.

You can click here and access to my other post that describes what Wealthy Affiliate is! You will be getting comprehensive insight and information about this excellent program.

After reading the post, if you decide to join me and become a part of these fantastic affiliate community online, that counts thousands of members around the whole world, then click here now and create your free starter account! Without any risk! You don’t need your credit card! There are no hidden costs involved.

How To Find The Profitable NicheI guarantee you will be satisfied you did IT.

However, if you want to enhance your affiliate and online marketing expertise to high levels, the Premium membership I have joined as well will teach all you need.

I can only and highly recommend you to participate as well. For a very affordable price, you will be able to get instant access to the most comprehensive affiliate and marketing program, support and platforms online.

With this education, you will learn with easy more about how to find your profitable niche.

Moreover, if you become a free member today, and in the next seven days you acquire a Premium Membership, I’m going to give you five special bonuses as a special thank for your fast taken action.

Read below at the end of the article about the bonuses that are waiting for you in that case.

Okay, now coming back to our topic of the day, you know that there are many experts out there that can help you to find your perfect niche as well, but, there are also some tools available you can use to find your profitable niche.

   As The Further Tip About How To Find A Profitable Niche Let me Introduce You Some Great Tools, You Should Use!

The first tool is called Jaaxy! It is a keywords research tool. You need to know that keywords are a great source of finding a profitable niche. If you don’t know what keywords or keyword phrases are, then click here to read more about them. Enter the search term into the plugin below and search for your profitable niche!

 

Jaaxy will help you to find your perfect niche. You can test this tool for free here. You may also add some search terms in the plugin below and start searching for your ideal niche.

In a case you need more assistance, please let me know! I would be more than happy to help you out. I’m using Jaaxy regularly, and I can assure you that this is one of the best keyword research tools online. Don’t miss this opportunity and use this tool to your benefit.

   Use surveys to find a profitable niche!

Another tool I want to present to you when speaking about how to find a profitable niche is a marketing tool, namely the survey tool. There are also free survey tools available online. The some I recommend are:

Use these tools to merely ask people online what they need, how they feel, what are they searching for and more.

The third tool I recommend for finding the perfect niche is the social media account! You can ask your friends and your followers through your social media accounts about their needs, problems, desires, the products they like and other things.

Lastly, the fourth tool I want to emphasize is Google Analytics. This is one of the most powerful tools you can use to define many things about how to find a profitable niche. The only issue with it is that you need to have your property (website, blog, etc) online to be able to use it.

So, I recommend first to define your niche, create your website for it and then start your researches using GA. In fact, you already have defined your niche, but using GA will help you to narrow your niche even more and to create relevant content for it.

Try it out! I highly recommend that! These are all a swift way of finding a profitable niche.

   My Next Tip And Idea About How To Find The Profitable Niche Is About Using The Available Internet Technology!

How To Find The Profitable Niche

This technology includes VOIP technology like Skype, WhatsApp, Viber, Messenger, Hangout! Also, autoresponders are a great tool and technique involved when dealing with email marketing to connect with your audience and ask what is it they are searching for online.

This technology allows you, as you already know to get instant access and personal connection to a broad audience around the world, to your present and your possible future contacts.

So use this technology to talk live and get quick contact to your targeted groups of people and exchange your thoughts about finding the best possible and profitable niche for yourself.

   Step By Step, We Came To Our Last Tip And Idea About How To Find A Profitable Niche Which Is About Referent Points For Additional Learning 

At this point, I highly recommend my reference point number one which is as presented already before, the Wealthy Affiliate program and its amazing online community consisting of affiliate and online marketers all kind of levels.

You can use this opportunity to talk to them daily! Get instant opinion and suggestion about finding your perfect, profitable niche.

It is the only reference point you might need! Certainly, you can also use other reference points online! The various online resources like online and offline libraries, various forums online, webinars are some of them! You can always contact me and ask what you need.

   So There You Have It — The Specific Tips And Ideas About How To Find The Profitable Niche.

To summarize:

Familiarize yourself with a niche! get to kno what is a niche!
Be aware of your expertise
Define your targeted audience
Choose the proper niche market!
Talk to niche experts!
Use a specific tools
 Make use of the modern available technology!
Don’t forget about the referent points for additional learning about the topic
Market, market and market and Focus, Focus and Focus!

   The Final Thoughts

All the activities listed before will make your decision about finding your profitable niche a lot easier. Moreover, they will set your path to your successful online and affiliate marketing business.

I hope that this article today will help you to get some ideas about how to find the profitable niche for your successful online business and if you have any other questions, please do ask me, and I would be more than happy to help you out.

Now, before we finish our socializing today, check below the bonuses I mentioned before! You are going to get them if you become a Premium Wealthy Affiliate Member within seven days after creating a Starter Account.

The bonuses are:

Fast Action Bonus #1  59% discount on your first month of Premium membership (only $19)
Fast Action Bonus #2 Personal and private access to me! If you ever need help with your content or website creation I will be there. 
Fast Action Bonus #3 Receive your personal free copy of my eBook “Email Marketing Basics!”

Fast Action Bonus #4
I will walk you through building your own website for free! Just give me a call or send me a request per your best email! I will be there for you!

How to claim your bonuses:

Join FREE Starter Account, I am going to offer you  bonuses
Become a PREMIUM member in the first 7 days (including a 59% discount).
After you create your account at Wealthy Affiliate, I will personally contact you on your profile with my “welcome message” and some additional information about WA
You will receive the info about how to get help from me and how to claim your bonuses.
Trust me, it is some AMAZING stuff

So, If you missed creating your starter account click on the button below and do it now! If you decide not to join, you will never know what you have been missing all of these years before finding this great Wealthy Affiliate community and program! The outstanding online marketing education, platform and opportunity to make money online.

How To Find The Profitable Niche

One more last thing!

Please if you liked this article leave a comment below and share it with friends. I will be very thankful for that.

With that in mind, I wish you a great day, and once again thanks for reading my blog post!

Best regards,
Igor

Stay Well, Market Better, Convert Best!

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12 thoughts on “How To Find The Profitable Niche”

  1. Hi Igor!

    Thanks for the detailed post on How to choose a Niche. It is an important part of creating an Authoritative Presence Online. I agree with you that choosing a Niche that you enjoy researching and writing about in conjunction with having the correct tools to do this is necessary. Thanks again for pointing it all out.

    • Hi Kimberleigh!
      There are literally millions of niches available. The broad ones, narrowed ones and in between. In my opinion, regardless of size of the niche, having the one that reflects your expertise and motivates you to work with is in fact, the one that one should choose as the primary one.
      It is the starting point of creating a successful long-term “niche marketing journey” online. I call it “targeted niche marketing!”

      Thanks for your reply,
      Best regards,
      Igor

      Stay well, market better, convert best!

  2. First, let me say I am a Premium Member within WA. 

    While first starting out in an online business people usually struggle with getting their niche. This post helps guide you into the direction of finding a niche and getting started. IF anyone has ever thought of working online from home, you understand it is NOT a get rich quick process. 

    The process of learning the ins and outs of affiliate marketing along with working online is difficult to learn. There are a ton of different platforms and programs claiming to have the inside scoop. I have tried about 10 to 15 different platforms just to see which is the best bang for your buck. 

    The total, 110% truth is that WA has everything you will need within the training. NO sales, NO additional costs, NO restrictions. and NO holding you back. 

    Once you find your niche as you describe the sky is the limit.  

    • Hi Ken!
      Totally agreed. Having the whole system and platforms in place, and this in one place is a huge benefit for every online marketer. WA made it smart and built a comprehensive, unique and helpful platform, that I  call “Round editing platform!” I enjoy it as well. Having the proper niche at your side is a must to succeed within the “cohort of online wolfs!”. The experienced and successful online marketers know exactly what, how and when to do. One of the factors of their success is that they are experts in their niche!

      I am glad my article contributes in the direction of finding the profitable niche, as well!

      Thanks for your reply,
      Best regards,
      Igor

      Stay well, market better, convert best!

  3. Hello Igor,

    This is a well written article. A lot of people in fact don’t know where to start because they either don’t have anniiche pr they have trouble choosing one. Another is the use of Jaxxy keyword research tools, which is an awesome tool that allows have less competition. There’s no such thing as competition for niches but there is for keywords and having Jaaxy is a godsend. Once again, great article and I hope you can get to whereever you need to be be.

    Best regards,

    Andy

    • He Andy!
      Thanks a lot for your reply! I am very glad you like the article. I am using Jaaxy as well and I am happy with it. As we all learned here at WAm there are literally millions of niches available, broad and narrow ones. With that in mind, there is no space left for  excuses when speaking about finding the profitable niche. I hope my articles contributes as well to this goal.

      I wish you much success,
      Best regards,
      Igor

      Stay well, market better, convert best!

  4. Hey! Thanks for sharing this wonderful article on how to find a profitable niche, I appreciate you taking time and breaking it all down for us. This is an informative and educative article on affiliate marketing. I am newbie in affiliate marketing and am also making research online on how to be a successful affiliate marketer. Thanks for sharing this wonderful article. I have really learned a lot about finding a profitable niche.
    Again thanks for article. I will be checking here for more reviews like this.

    • Hi Musbau!
      Thanks for your kind reply! It is great motivation for myself to see my articles are appealing. I am glad to know the content is useful, it was my goal. I would appreciate it if your would share the content with your friends. Come more often to my site and read more interesting articles. Being a newbie is very exciting and any useful guide can help. I have tons of material in my maps about all kind of online marketing. However, WA is covering all we need.

      Wish you a lot of success on your affiliate marketing journey,
      feel free to ask me and the WA community whenever you need help!

      Best regards,
      Igor

      Stay well, market better, convert best!

  5. Hi Igor, 

    I have been a wealthy affiliate member for mostly a month now. I ate also chosen my niche started building my website. But I found out that after putting out just two posts on my website, I lost steam. I can’t seem to muster the passion to continue writing content in that niche. 

    So, I have been thinking of starting a new website with a new niche and I just got the best clue of where I can get good niche ideas, from your article. 

    • Hi Peace!

      Well, all I can say is that you should start writing in the field of your best expertise. This is why it will keep you motivated and focused for longer time. it is easier to write about something that you know and the words are coming out of your mind faster and easier.  Besides,  while writing about what you know best, you will start feeling more and more confident and will present to the world yourself as an expert in your field. Expertise means trust, trust means followers, followers means traffic, traffic means customers. If you try to learn more in another niche which is not in your field of expertise, it is possible as well, but it will take much longer and the possibility to lose interest is high!
      Make clear decision about what do you want to write and then … start writing. This Is what I can recommend.

      Wish you nice “niche hunting” and a lot of success!
      Best regards,
      Igor

      Stay well, market better, convert best!

  6. Thank you for sharing your article on how to find the profitable niche.  This is something everyone asks when they first start marketing online.  It’s a lot of time and energy, and people do it for profit.  However, there is something else I think people need to think about, and that is their passion.  I say that because building a website for profit really does take time and energy, and we are far more likely to do it if we are passionate about the information we are providing to our readers.

    • Hi Babsie!

      Thanks for your reply! While speaking about finding and profitable niche and passion, I want to admit one thing. My biggest passion in my life is tennis sport 50 years of tennis sport already). The second one is astrology (3 years of an Astrological Institut kepler and years of own practicing, as a hobby). Not the online and affiliate marketing which is my niche. I discovered the passion for it along my journey. This is why I needed to learn about more as I knew so far or as I gathered knowledge through my experience. Everyday I spent online it makes more clearer for me that it is possible to learn any niche you want, just if you take your time and effort for it. WA is a big help as well. The beauty of it that it is teaching how to succeed in any niche.
      But, I agree. It would be much more easier for me to succeed in a tennis sport and astrology fields, but, for m+now I tool this decision to develop my online and affiliate marketing niche. However, if you would have any question related to tennis sport or astrology, I am the one you can ask. I would be glad to help. 
       

      I wish you a lot of success,
      Best regards,
      Igor

      Stay well, market better, convert best!

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