Discover The 5 Ways To Improve Your Niche Market Research

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Whether you are planning to start a blog or an e-commerce website, but if your main goal is to make money from your website, then you need to conduct a niche market research.
In this day and age of almost every top level market categories are already seeing fierce competition, you can almost never expect to meet success if you are not focusing on a niche.
Now what is a niche to begin with? A niche is a more focused subset of a market.
There are many factors that you can put into consideration to consider a market a niche.
You can a price range so you can limit your target market to consumers who can only afford or want to purchase your product with that range.
You can also focus on your product's one main feature.
One example would be the brochure copy writing niche if you are into freelance writing.
You get the idea.
Here are five ways on how you can become better with your niche market research.
It mostly includes places or services that you can use to find the best niches.
1.
Use Google's tools.
There are two Google services or tools that I frequently use whenever I am on the lookout for nice niche keywords.
These are Google Trends and the free Google keyword research tool.
The first one helps me in determining the hottest keywords that people are searching for on Google.
It is usually about celebrities and important events especially those that just occurred recently.
With the keyword research tool, on the other hand, it helps me to narrow down my niche when I start with a bigger market.
You can strengthen your niche research by looking at the search volumes of the keywords, both globally and specific to a certain region.
2.
Amazon's bestseller lists.
Every product department or category within Amazon has a portion called the bestseller lists.
It shows you the products that most people are purchasing or rating.
Basically it lets you find out what are the hottest products for you to sell or create a website on.
3.
The Yahoo! directory.
It has been around for a long time and equally, savvy Internet marketers are using it find their lucrative niches.
You can start, for instance, by choosing the Yahoo! Autos category and then narrowing down your selection to sedans, trucks, or coupes and then to specific car brands and makes.
4.
Magazines If you pass by a newsstand you will probably notice all those magazines with those exciting and attractive titles and blurbs.
Magazines are excellent sources of niche ideas because each one is already focusing on a specific market.
Just open one magazine and you will find articles that are tackling more targeted niches.
5.
Auction sites like eBay.
These websites are all providing a list of the hottest trends or of the items that most people are currently placing their bids and purchasing.
These are certainly niche market research tools that you should take advantage of especially if you are planning to create a website where you would be selling specific products.
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