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How To Find Profitable Niche Markets
 

How To Find Profitable Niche Markets

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http://www.insiderinternetsuccess.com

http://www.insiderinternetsuccess.com
Second session of the Info-Marketing Millionaire Seminar presented by Kavit Haria.

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How To Find Profitable Niche Markets How To Find Profitable Niche Markets Presentation Transcript

  • How To Find A Profitable NicheMarket That’ll Serve You For Life Brought to you by
  • What’s the true definitionof a niche market?
  • A niche market is composed of individuals or businessesthat have similar interests or needs, which can be readilyidentified and easily targeted or reached.
  • Finding a niche market means finding a highly targetedaudience for your product or service.
  • If you want to profit consistently,knowing your target market is themost important thing.
  • It’s more easier to reach a smaller group of peopleinterested in a specific idea, as opposed to a large groupof people interested in a broader range of ideas.
  • Coming up with marketplace ideas iseasy - but proving whether they willmake you wealthy isn’t.
  • The #1 mistake most online entrepreneurs make is... theyfind or create a product or service to sell and then go andfind a market for it. This simply does not work.
  • 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?
  • HS AI put my niche market ideas through five important testseach time I start a new business online.
  • First, come up with a list of 5-7 niche market ideasstarting with your passions, hobbies, knowledge areasand interests.
  • The Lifetime Passion Test
  • The Social Activity Test
  • The Keyword Popularity Test
  • The Know-How Test
  • The Live-In-Action Test
  • If you haven’t gathered yet, it’s notjust about picking any niche. It’sabout picking the profitable niche.
  • One wrong niche - and you’llhave wasted days and weeksof building a business.
  • You’ll have zero sales.
  • You’ll be completelyburned out, andtotally depressed.
  • But get it right - andlife can be totally different.
  • The first step was to identify your niche market.The second step of the process is to research andstudy your niche market in depth.
  • Dig deeper to discover the motivations and desires of your target market.
  • Spy on yourniche market.
  • Social Networks and Forums Look out for statements/questions like... “Where can I find a...” “I wish someone would make a...” “How do I...”
  • Join the market.
  • Create a short survey and enticepeople to take part.
  • From doing these threethings, you’ll be able toquickly create marketingpersonas for your niche.
  • Put yourself in the shoes ofyour target client:What is it that drivespeople to buysomething in yourmarketplace?
  • Put yourself in the shoes of your target client:What is the pain or pleasure that they perceive?
  • Once you’ve identified your marketplace and discovered theirunderlying needs and desires, it’s time for the next step.