Niche Scout Pro starts with finding an audience that is underserved. You can do this by using marketplaces such as Amazon and eBay to hunt for products that are sold but not making money. Once you find a product with high demand but low supply, you have found a viable niche that has the potential to make you rich.
Another way to uncover a profitable niche is by focusing on people’s pain points. This could be anything from a need to improve their productivity, increase wealth or achieve personal growth. Niches that focus on these pain points can be very lucrative as people are constantly searching for ways to address them. For example, if you were to create an e-book on “How to stop panic attacks” and sell it to this audience, you can be sure that you’ll be able to generate huge online income.
Unconventional Niches: Stories of Success in Unexpected Places
You can also use tools such as Google Trends to get a good idea of the popularity of your chosen niche market. This will give you a clear picture of whether it’s increasing or declining and can help you decide if this is the right niche to start your business in.
Finally, you can also search for forums and discussion boards related to your niche market. This will give you an indication of how active the community is and how passionate the members are about the topic. Ideally, you want to find communities that are actively discussing a product or service that addresses one of the four pain points mentioned above.