How To Find A Profitable Niche Market

How To Find A Profitable Niche Market
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Most beginners wonder if the niche they chose is the right one. Sometimes they are even under the impression that they must choose a niche that is new to themselves as well as less competition.

Let’s just say, a profitable niche is not going to be new to others even though it might be new for you. And most definitely, it will likely be competitive.

This is because a niche that is not heavily marketed is probably not in demand which results in no money to be made.

In this article, I am going to show you how to find a profitable niche market. I will also provide you with some examples that I believe to be highly profitable.

start listing your niche
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Tip #1. List Your Interests

First, you should always try to choose a couple of niches that you have an interest in. With interest, you’ll enjoy the research which results in more knowledge.

While you’re thinking about what you like, write it down because you will refer back to your list and choose the one that works best for you.

Tip #2. The Problems That Revolves Around Your Interests

The truth to the matter is, no matter what you like, there will always be problems to deal with. For example, a carpenters problem is carrying too much weight which stresses their body over time.

This will help you understand how your audience feels about your niche and will help you better cater to them through solution recommendations.

Tip #3. List Of Solutions Per Interest

Once you’ve identified a list of problems that each interest comes with. This will help you understand what kind of solutions you can offer to your audience.

Per interest, you can research what are available solutions in the market. Let’s use the carpenter example again.

There are lighter and more resilient tool bags in the market along with titanium tools such as hammers to reduce weight being carried.

Tip #4. Research Your Interests

Google Trends is a great resource to find out how popular a topic is currently. The more popular the topic is, the more audience you can reach out to.

Another tool that I use is Jaaxy Keyword and Research Tool as well as UberSuggest. They both give search volumes to help you determine how popular a topic actually is.

You can also use websites like Amazon, arguably the biggest online retailer to find out the demand for products. This can be done by reading customer testimonials and ratings.

Another benefit of using Amazon to research the demand of each interest is that you can niche down to something more specific.

amazon niche research
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How To Niche Down On Amazon:

  1. Click on the ALL tab at the search bar and it will show you a list of niches.
  2. Choose a niche that interests you.
  3. Don’t type anything in the search box, leave it blank and hit ENTER on your keyboard.
  4. Once the new page finishes loading, on the left-hand side, you will find a list of sub-categories.
  5. Click on any of the sub-categories and it will present you with more specific categories.

And that’s it! You have just learned how to niche down and find more specific niche topics.

Now it’s up to you to determine which niche topic you think will be sustainable for you. You must ask yourself, will you be able to talk about your niche topic for years down the road?

Coming up, I will be talking about MRD Industries, niche topics that are known to be highly profitable and sustainable in the long run.

The MRD Industries

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What does MRD stand for? Money, Relationship, and Dieting. These are the most desired topics that people are always interested in. You can literally go to any part of the world and there will always be people who are looking for MRD.

  1. Making Money: Most people are working a regular 9-5 job. And it’s safe to assume that most people hate it and the only reason they’re doing it is that they need money. Solutions to making more money such as making money from home will always be in demand especially with the internet.
  2. Relationships: Improving self-esteem, building a better relationship or searching for a soul mate will always be in demand. Especially with how busy life can be, many people just don’t have the time to go out there to find their soul mate or learn how to develop themselves to be better.
  3. Dieting: Diet is a HUGE concern for most people in this world. Whether it is weight loss, maintaining weight, getting a six-pack, or simply working out. It is all part of dieting and you will feel happy earning money while helping others achieve their goals.

And that concludes the MRD industries. There are plenty more, but the MRD is what caught my attention.

Build Your Profitable Niche Website Today

If you like the idea of starting your own website and creating a niche blog to make money online. You can create your free website using the tool that I have provided you with below.

The website builder above is provided by my #1 Recommendation Platform (Wealthy Affiliate). An all-in-one platform for building an affiliate marketing business.

With the provided website builder, you can have your very own website in minutes. And that is without any knowledge of coding. 

Wealthy Affiliate also provides you with their very own training courses to help you step-by-step on how to start from ground zero to making money online.

I’ve also created my very own course on how to start a blog for affiliate marketing today. Regardless of your choice, I wish you great success.

I hope this also article was helpful. If you have any questions or need help with anything. Please don’t hesitate to leave a comment down below. I will try my best to help you out.

Kind Regards,

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How To Find A Profitable Niche Market
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8 thoughts on “How To Find A Profitable Niche Market”

  1. Chandra Ellington

    Hi Eric, the information you share in this article is thoroughly written. I especially like the screen shots you included to provide an example of what information to look for in Google's Keyword Planner Tool. Nice page!

  2. Hello Chandra,

    Thank you for the taking the time to leave a comment. I hope also enjoyed my poor attempt at creating a picture uniquely for myself haha. Stay tuned for more content like this on a regular basis(:

    Kind Regards,
    Eric

  3. Dr Patrick Moses Fraser

    Eric,
    I like the accronym you used in finding a niche MRD. You actually simplified this for many. Finding the right niche is definitely the most difficult aspect when starting an online business. By using this accronym, one can further do more research using one's passion and turning it into a money making machine.

  4. Hello Dr Patrick Moses Fraser, 

    Thank you for the comment (: I was thinking about a medical niche, but I figured it has to be very specific because medicine is too broad. I remember looking through the aisle at a drug store for medication, but it's hard to decide which one is best because there are too many varieties. 

    I believe one can create a very successful niche blog or website if he or she is able to provide information on which type of medication is recommended by doctors for their specific condition. 

    What do you think?

    Kind Regards,

    Eric

  5. Eric, You have a great website. I had to read the complete 'getting started' page. very complete. I picked up a few tips on selecting a niche. The blogs are amazing. Hope you don't mind I saved your page with those affiliate links. This is a site I am going to be coming back to as it has tons of great information. I also liked the blog about cheap traffic. you have put in allot of time and effort and it looks great. Continued success.

  6. Hello Chip,

    You can definitely use anything you like on this website(: I really appreciate your time reading my articles! It makes me feel like what I am doing is worth it ^.^ If you need anything, please don't hesitate to ask!

    Kind Regards,

    Eric

  7. Wow you provide a ton of information. I went through a couple of your pages already and I am very impressed. Sorry if I am a little off topic here. Thanks for providing a clear plan for people like me to get started at making money online. I decided to go for the health niche because it relates to me the most.

  8. Hello Lisa Mai,

    You are very welcome(: I'm glad you've decided on what niche to use. Health is definitely a great niche to work on because no matter who you are, how rich you are, health will always be important.

    Kind Regards,
    Eric

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