Finding Your Niche - Your First Step to an Online Business

Many years ago, I watched a show called the "Raydownloading. And I'm not just talking about e-books;
Bradbury Theater". Every episode began with athere are all kinds of products and services that can
narration of Ray saying, "People ask, where do yoube purchased instantly via the internet. To name a
get your ideas?". It seems this is a question that is onfew:Information (e-books, databases, documents,
everybody's mind, whether they are creating a story,articles, tutorials)Software (programming tools,
or creating a business.Just where do you start whenanalyzers, calculators, designing tools)Audio (music,
creating an internet business?Businesses always getsatellite radio, MP3's, synthesizers, sound effects)Video
started with one thing in common... an idea! Easier said(trailers, commercials, instructional, teaching,
than done though, right? Maybe, or maybe not. Youentertainment)Games (games, arcades, casinos,
see, a common misconception is that many believeteaching/learning, prize winning)Graphics (designing
they have to create this great internet store full of allservices/tools, artwork, driver software)Services
kinds of products in order to meet the majority of(advertising, locating/finding, auctions, website designing
peoples needs.The more you offer, the more people itor hosting, search engines, writing, professional
will appeal to, right?Not exactly. Several years ago, Iservices)These kind of products can give the
built an online gift store that included all kinds ofconsumer instant gratification! Not only that...Think how
merchandise; anything from home interior, gardenmuch this helps you! The product can be designed to
décor, to unique gifts. I really felt this kind of abe delivered instantly upon payment. No orders to fill,
store would appeal to people, and the truth is, itno shipping, no products to buy, no materials are
did.What was the problem then? I was competing withneeded, and best yet; you have an endless
over 3 million other gift store websites! I didn't have asupply!Don't get me wrong here; you can still be
chance. Unless you have deep pockets, you shouldsuccessful at selling physical products on the internet
stay away from generalized ideas such as this.So,too.Millions of products are shipped to consumers
where should your focus be? Find a niche market!Theordered through the internet everyday. And there are
dictionary defines a niche as: "a special area ofmany, many specialty stores owned by private
demand for a product or service".A gift store is tooindividuals that are extremely successful. But if you are
vague to be considered a niche. A gift basket store isnew to selling on the internet, it may take a much
a little more focused on an area, but how about giftlarger investment just to get started.I hope you have
baskets for pets? Now that would be considered abegun to get ideas spinning around in your head. Now,
niche. Not necessarily a good niche, but you get thelet's branch off those ideas into more ideas.By now
point.Think of a niche as, "an opportunity for anyou should know what interests you have, even if you
average, everyday person to be successful". Most ofhaven't thought of a product yet. And please, don't
us have no chance of survival when we are trying tothink you have to come up with the perfect product.
compete with the "big dogs". But fortunately, we canRemember, your goal is to help just a few people out
still pick up what they leave behind, and...They leavethere, not everybody.Now that you have some ideas
behind plenty!According to the Computer Industrywritten down, you can use these to create more ideas
Almanac, Inc., in 2005, the population of Internet userswith a handy little software tool. This free tool can be
surpassed 1 billion. With most large corporationsused for various things, but for now, we are going to
focusing their products and services on the massuse it to stimulate more ideas.A valuable little toolOpen
marketing scale (which in all likeliness, we can't evenup your internet browser and type in the following link:
compete with), we are left with marketing to theyou will see a small little box called the "Keyword
niches.Large companies don't care about making aSelector Tool". Start by looking through your notes, and
few thousand dollars extra per month. They are afterpick out the key words that are specific to your
millions a month. So, they leave behind niches that areinterests.For example, you may have written down, "I
very valuable to people like us. Would a few thousandenjoy camping because I love the outdoors and I'm
extra per month help you? A few hundred wouldreally good at building tents". So, you could enter words
make most people ecstatic!But are there any unfilledinto the box such as, "camping", "outdoors", and "tents".
niches left? Possibly; but you're not likely to find one.Enter these words one at a time to get their specific
But you don't need to find an unfilled niche. In fact, youresults.Once you enter your word, you will most likely
don't want one! Why try to build a demand for asee many results. Take a look through all these results
market, when you can find a market that alreadyand get some new ideas about what you could do to
exists? Find one that already has people ready to buy,fill a need. Hopefully it will spark some imagination on
and put yourself right in front of them!Besides, therethe subjects you know and enjoy best.You can get a
are plenty of partially filled niches and even morefurther breakdown into more specific ideas by clicking
poorly filled niches. What's more, experts areon any of the results in front of you. Then, click on
estimating the internet will double in the number ofsome of those results. The more you break it down,
users by the year 2011. That's 2 billion users! Thethe more specific the subject will be. These results are
potential is mind-boggling.So, how do you decide on aactual searches done by people all over the world.See,
niche? First and foremost, choose something that youpeople want to know what you may have to
enjoy. Even if you find a niche that has very littleoffer!The number to the left of each result represents
competition, it will be very difficult for you to stayhow many times that particular word or phrase was
interested if it's something you don't even caresearched for in the last 30 days on the Overture
about.So, first you need to start by doing someNetwork (this includes MSN, Yahoo, Altavista, CNN and
brainstorming to come up with some ideas. Then youmore).This number can give you an idea of the
need to research those ideas and see if they havepopularity for that term. But, you can usually be sure
potential. Need some help getting started? You gotthe more popular it is, the more competition there is.
it!Start by asking yourself a few questions and writeBut don't worry about this for now. In this article, we
down the answers:What are your hobbies? (coinare just going to focus on finding a niche of interest to
collecting, cooking, painting)What are your interests?you.Spend as much time as it takes to come up with
(camping, cars, electronics, gardening)Do you have anyideas. Besides the keyword tool, use search engines to
skills? (speaking languages, instruments, writing)Do yourgive you ideas. You could even use a thesaurus, such
friends consider you an expert at something?as the one at to help inspire you.No matter what
(computers, repairing, designing, decorating, etc.)Ok,subject or niche you decide on, you WILL have
have you been writing down your answers? This wascompetition. Competition is actually a very good thing
sort of a self examination. But you also want to getand keeps our economy healthy. So don't be anxious
some other view points. You've interviewed yourself,or afraid whether your niche will have any or too much
now interview some others. Ask your spouse, somecompetition.There will always be a need to fill!I bet
close friends, workmates, or anyone else you can thinkthere isn't one niche out there where everybody is
of some questions about yourself.Ask each of these100% completely satisfied. Pick any niche, pick any
people:What do you like best about me?What wouldsubject, and you'll find someone complaining about
you say I'm talented at?What can you always countsomething.Use search engines, such as Google and
on me for?If you owned every business in the world,Yahoo to not only find what others are selling, but to
what position would you hire me for?Remember,find what others are missing. What are peoples
nobody should choose your niche except for yourself.concerns, suggestions or complaints about? Find online
These exercises are to help you brainstorm theforums on the subject. Find out what people want. Is
possibilities open to you. You get the idea.Now, beforethere anything you could offer them?Take your time
we go on, I want you to keep in mind the key goal toand do your homework. You may even need to make
finding success. Are you ready?Find a need, and thensome purchases yourself, just to see what the
fill it! Simple, right? I don't care who you are or whatcompetition is offering. In fact, I really suggest doing
you know, you have something unique to offer.this!When I was writing my first e-book, I purchased
Everyone does. Even if it has already been done aseveral other e-books from competitors. Each book
thousand times before, look at it from a different angle,had something to offer, and each book was missing at
put a spin on it and make it better!As you areleast something that the other one had. I created my
brainstorming all your ideas and possibilities, let me seeproduct by filling in all the "gaps" that were missing
if I can stir some more ideas up with some facts aboutfrom the others and incorporating my own ideas and
the internet and the way we use it.Do you know whatstyles to create a product that was truly unique to all
the number one selling product on the internet is?Drumthe others. During your research and while creating
roll please... INFORMATION! It's the one product we allyour own business, you may even consider purchasing
have in common because we all need it, for onesome help or information from an expert. There is so
reason or another.We love free information, but wemuch good content available for purchase on the
are more than willing to pay for it if it satisfies ourinternet, and many products even come with a
needs. Sometimes we want the best, and we'll all payguarantee of satisfaction.Don't be afraid to invest in
a premium to get it. Most of the paid information on theyourself! People spend ten's of thousands of dollars on
internet is in the form of e-books.Although a hugea college education. Why not spend a tiny fraction of
seller, I'm not saying that you should just focus onthat educating yourself on what could possibly bring
writing e-books. But at the same time, don't eliminateyou into a very successful future on the
the idea just because it has been done over and overinternet?There's always room for one more!The
again.The first e-book I ever wrote brought in well overinternet is far from being too full. There is plenty of
$3,000 in the first couple months of its release. Androom for you, and with the internet forecast doubling in
this was with very little advertising.My e-book waspopulation during the next 5 years, we've seen nothing
nothing new either. Remember the phrase I mentionedyet! Remember, "find a need, and then fill it!"I hope that
earlier? "Find a need, and then fill it." My angle forthis information has been helpful and beneficial to you
writing this book was, "better information at a betterfinding your niche. If so, you're off to a great start!Enjoy
price". I wrote a more complete e-book withyour success,Chad Curl Curl is an author of various
information that I felt others were lacking, and I put ae-courses, e-books and articles specializing in Online
price on it that was much lower than comparableMarketing. He is also the owner of also mentors and
products.I found a need, and then I filled it! Result? Moreprovides training to those interested in starting their
income!Think about this too...What do most peopleown online business and to current online business
want when purchasing any product or service?Theyowners looking for better ways to promote and
want instant gratification! In other words, they want itincrease their business income.
now, not later. The internet can offer this in the form of