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3 Simple Tips To Picking a Profitable MARKET for Newbies
For a fresh online entrepreneur, picking a niche can be the most intimidating the main entire business model building process. Get this one step wrong, and you will be setting yourself up for a disaster where you don't make money, you don't enjoy the work, and you waste an incredible amount of time putting effort into something that won't pay off.

So it's vital that you understand the correct components of picking a niche that pairs passion and profits. There are very few marketers who enter into this business without the goal of pursuing their passion.

Nevertheless, you hear so much static online about money that sometimes, it seems like passion requires a backseat so that you could concentrate on money and take the financial pressure off.

"Someday," you think, "I'll make enough money as of this that I could then do something I love."

Why wait?

You can begin off on the proper foot from the beginning and not have to start from scratch 1 day with a new niche and a new dream.

You can find 4 steps to picking a profitable niche you are going to learn. It requires some research, but do have fun with this! Don't take action all in one sitting - let your mind remember to savor the possibilities and engulf you in daydreaming about where all you might take these options.

#1 - Start with a straightforward Brain Dump

The easiest method to get started is to just do a fast and simple brainstorming session. Now is not enough time to sort through and analyze your niches - just jot them down randomly - we'll weed out those that aren't a good fit shortly.

Start by considering niches you already know you like. For instance, you might like:

Playing video games
Gardening
Playing golf
Making your personal jewelry
Cooking
Playing guitar... etc.
All of those are potential niches predicated on what you know you already enjoy doing. Just forget about whether you're a specialist just write down current passions.

Next, think about what you've always wished to learn but have no idea. For example:

You've always wanted to learn better photography
You've always wished you knew how to crochet
You find yourself attracted to the thought of living a sustainable lifestyle
All of those "I wish I knew" topics are potential niche markets for you personally.

Sometimes, you can create a profitable niche based off of experiences you've had in life, such as for example:

Surviving a troubled relationship
Enduring a major health crisis
Flipping a genuine estate property for a profit
Or, maybe you know someone else who's going right through something - it doesn't need to be directly related to you. For example,

Maybe your neighbor is coping with infertility
You have a buddy who can't figure out how to meet the right woman
A sibling of yours suffers from freak out attacks
You can find niche markets throughout you. As soon as you start training you to ultimately search for them, you start to see a world full of possibilities.

Don't worry about lacking expertise. Among the best blogs and leaders are those that track their journey from the beginning. Sometimes, for an audience, it usually is intimidating learning from an expert.

It feels safer and more relaxed, learning from a person who knows what you're going right through and who is able to empathize with you easily. Even though you're not going right through the very same thing, understand why there is no such thing as saturation...

People like learning from multiple sources! You have a unique style and personality from other leaders in that niche. When people learn and seek out solutions, they typically try several places, not only one.

#2 - Research Thriving Niche Markets

Another way you can come up with profitable niche markets is to see what's being talked about by the media and bought in the marketplaces. That is easy because the research is basically completed, just looking forward to one to discover it.

Magazine covers at the grocery store can show you an abundance of information. So for Additional info - if you found the February 24th, 2014 Woman's World (or even just glanced at the cover on the newsstand), you'll see the following topics being covered:

Juicing for pain
Food for Alzheimer's prevention
Inflammation and weight gain
Diabetes
Allergies
High blood pressure
End cravings while dieting
Anti-aging tea
Stress relief
Body makeovers
Success tips
Those are a lot of niches that yes, are very narrow in a few ways - such as food for Alzheimer's - but it is a sign that folks are into the memory niche, and you may be, too. Instead of getting so specific as "juicing for pain" you can jot down "treatment" as your niche.

News sites provide an excellent account of what's being followed in the real world. Let's take four of the very best news and information sites and appearance at what we can find on there.

On FoxNews.com, in the health section, you find topics like marriage quality influencing cardiovascular disease, obesity and exercise. Beneath the lifestyle section, you find out about hidden costs when buying a home, the key to online successful dating, and favorite vegetarian meals for celebrities.

On CNN.com, you learn about bitcoin as a currency, comfort food weight reduction, and diabetes and dental health. You can separate these combined topics or keep them combined if you want.

On DrudgeReport.com, you might visit a news story about riots or bioterror and start taking into consideration the "prepper" niche. There's a story about electronics like tablets selling more than toys for kids. Additionally you see a story about the price of electricity rising, so a niche about saving cash or becoming self sufficient may be an idea.

On HuffingtonPost.com, you see stories about retiring abroad, the key to creativity, in-office workouts, remembering dreams, habits of mentally healthy people, etc.

Online marketplaces can provide you some insight into what sells well with consumers. You can try top sellers at ClickBank.com, JVZoo.com, and Amazon.com to pinpoint some possible niches.

Let's look at them one by one.

ClickBank's marketplace shows a number of the top niches as:

Fat loss
Woodworking
Men's dating
Make money online
Potty training
Numerology
JVZoo.com's marketplace shows a few of the following topics selling well:

Social media mastery
Kindle publishing
Amazon.com is a good spot to research both tangible and digital niche markets. You can head to http://www.amazon.com/bestsellers and appearance through each category to see what's selling.

You can even look at hot new releases, top rated, movers and shakers and most wished for. These lists are updated hourly, so they're as current since you can get, which will last well.

Click on a category and you will drill down further. Click on Books, for example and you may look in self-help. You can observe that people want to know about:

Being an introvert
Marriage help
Success tips
Nutrition
Spirituality
After you do a quick brainstorm plus some fundamental research, you may have an extremely healthy, long list or a short among about 5 niche markets you could possibly get into.

Next, it's time to cut more from your list. Avoid being hesitant about cutting niches. They're always there if you ever desire to branch out and add another income stream, but you have to start somewhere with one niche, so avoid combining them because you don't want to give one up - keep in mind that it's only temporary.

#3 - Weed Out the Wrong Niches

Picking a good niche isn't something you do in 10 minutes in a flash. It is a process that you give time and energy to if you're seriously interested in creating a highly profitable business because it's going to require dedication by you.

Let's look at some reasons who you would want to weed out a niche. Proceed through each niche idea you have and see if these reasons exist.

You can't commit to writing, talking and leading the niche day after day. Many newbies hear instructions about keyword volume and price points of available products to market, so they pick a random niche they personally have zero fascination with.

Imagine you're a guy who loves golfing, but you select the crochet niche because some guru pointed out something about keyword volume and product availability. It happens - and the indegent golf lover not only doesn't find out about crocheting, but he can't imagine authoring it every day. This is usually a recipe for failure.

Another reason is that there's insufficient monetization opportunity. You want to investigate this. Ideally, you'll pick a niche that provides both tangible and digital items you can promote (or create).

Types of this are:

Weight loss - not only can you promote diet and exercise digital plans, but also food and weight scales, workout equipment, supplements and more.
Stress relief - you can not only promote digital eBooks on how to combat stress, nevertheless, you can sell products like aromatherapy machines and home spa products.
One more reason you may want to cut a distinct segment is whether it's overly trendy. Sometimes something is such a fad that it's a waste of time trying to build an entire business around it.

It's much better with an evergreen topic, like stress, than it is to build a complete site around a trend, like rubber band bracelets. That doesn't mean you can't develop a page somewhere online to benefit from trendy topics - like on "Squidoo" - but reserve your major efforts for topics that are going to last.

Whether it's too broad, you can either eliminate it or narrow it down and see what all you can develop for it. For instance, just tackling the "diet niche" could be overwhelming.

But you should build a site about:

Dieting over 40
Dieting post pregnancy
Dieting for diabetics... etc.
Once you whittle down the niches and feel confident that you could reveal or lead in this topic for the long-term and that it could easily be monetized with products, you will have to make a firm commitment to 1 (if you are left with several).

Don't beat yourself up unless you pick the right niche the very first time. Even with the best research and intentions, sometimes we enter a distinct segment and just don't feel it's right for us.

If this starts happening, decide to cut your losses and try again. Remember what it had been that you didn't like about this niche and look for the opposite in the next one.

You must maintain a fine balance between abandoning niches at the drop of a hat because you are not making instant riches overnight, and wasting a lot of time chained to a distinct segment that just isn't likely to work for you.

Your next step is to build a blog. As a newbie, this is one of many easiest platforms to create and rank browsing engines, and it's an ideal place to let your market get to know you as their new niche leader.

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