Niche Business Ideas

finding-business-niche-ideas

Alot of people get upset and want to just give up when it comes to choosing a “Niche” coupled with alot of articles and tools on this topic. I want to simplify the term niche.

A niche is simply a GROUP of PEOPLE.
These group of people have common a interest at a time. The are interested n a particular thing. The key when choosing this group of people is to be very specific because if you are are too broad, then it is going to be difficult to talk to your audience, and get them to see you.

It is like someone walking into a gym looking for advice on “how to improve their relationship with God”. It is not going to happen and you are not likely to trust the source of the information. Definitely not like the experience you would get if you walked into a church.

There are TWO BILLION people using the internet daily to search for a specific item. It is the largest market to sell anything in the world by a long shot so you want to really become an expert within the very specific category you choose.

So, when you sit down and are thinking of what your niche is, think not of this imaginary and confusing word “niche”, think instead of a group of people.

You want the group of people to be specific to the core, let it not be too broad don’t use a wide net and try to catch every one. Let us look at some very broad NICHE.

A group of people interested in Education. Not the best (TOO BROAD).
Education could be just about anything. Education isn’t a niche, it’s very broad. How do you target people within education? That is not an audience that you can effectively target, rather you need to dig down and get more specific.

A group of people looking to get an admission in an engineering field. That is a targeted niche. There are MILLIONS of people looking on how to achieve this.

A group of people between 18-28 years old looking to gain admission. That is a targeted niche. There are MILLIONS of people looking to achieve this.

A group of people looking to for the best advice on a phone to buy. That is a targeted niche. There are MILLIONS of people looking to do this.

A group of men that are looking for help on homeopathy. That is a targeted niche. There are MILLIONS of people looking to for this type of help.

A group of people that are looking for binoculars. That is a targeted niche. There are MILLIONS of people looking for these.

See where I am going with this? People are not looking for education, they are looking for something much more specific. There are 10,000’s of niches within the broad “education” industry. Tens of thousands of groups looking to accomplish something, looking to buy something, looking for help solving a problem.

All you need to do is target one of these and you have yourself a niche and a very big group of people.

Let’s look at another example…

A group of people interested in Recipes. Not the best (TOO BROAD).

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People interested in “recipes” is going to be very difficult to target because it is far too broad. People don’t open Google and search for “recipes” online, they search for things that are much more specific.

A group of people looking for Egg sauce recipes. That is a targeted niche.

A group of people looking for Nigeria native foods recipes. That is a targeted niche. There are MILLIONS of people looking to for these.

A group of people looking for fast food recipes. That is a targeted niche. There are MILLIONS of people looking to do this. There are MILLIONS of people looking for these.

A group of people looking for Canadian cook book. That is a targeted niche. There are MILLIONS of people looking for these.

A group of people looking for best spices for meat. That is a targeted niche. There are MILLIONS of people looking for these.

A group of people looking for how to prepare crab. That is a targeted niche. There are MILLIONS of people looking for this.

A group of people looking for Indian recipe to lose weight. That is a targeted niche. There are MILLIONS of people looking for these.

A group of people looking for information about Vegetarians. That is a targeted niche. There are MILLIONS of people looking for help.

A group of people looking for information on how to cook meals for a diabetic patient. That is a targeted niche. There are MILLIONS of people looking for help on this.

See how I am narrowing things down to a much more specific group of people? Sure, these are targeted but they are still massive. Millions of people are looking for information, for help, and ultimately are spending billions of dollars online buying things throughout the course of a year and you are going to be able to capitalize on this with your website.

Massive opportunity resides just about everywhere you look within the online world because there are specific groups of people everywhere (also known as niches)

Should I be Worried About the Niche Competition?
No…No….and NO!

Within each of these more targeted groups of people, there are 1,000’s (sometimes millions) of low competition keywords you can target. What is so good about it is there is a website which I use and the train me for free, you can check it out the niche training there will give you a huge competitive advantage over your competition and is going to help you capitalize on any niche.

Bear in mind, that no category can be filled up, There is a smallest category you can carve into, and begin building your Niche

 

To understand this, think of all the kitchens in the world, and chefs, moms, dads, looking for different guides on recipes. This number can be up to 4 million people searching these keywords daily

 

As you go to choose your niche, research more on it and find a specific group of people. To get insight on your selected customer buying behaviour check out this post. Recognize that there are MILLIONS of people within every niche you can imagine and that is the beautiful part about this Internet “thing”. It is not going anywhere and as every year goes by, there is opportunity absolutely everywhere you look and it only continues to grow.

Now go out there and find your GROUP OF PEOPLE. If you want any help in regards to this or want to get feedback on your ideas for a niche, drop a comment below and I will be more than happy to help you out.

PS. If you still can’t come up with a niche after this and want one that is “chosen” for you already, go through the Affiliate Bootcamp . This is dedicated training as to how to create a successful business within the internet marketing/make money niche. You will love the interactive training over there.