Home Business Ideas and Opportunities

How To Find a Niche Market for Work at Home

How To Find a Niche Market for Work at Home
Copyright © Craig Warren
http://www.careerfromhome.org

Below are some solid informational tips for stay at home
workers on starting their home based business in 30 minutes
a day. The idea is to create a niche market, or find a
market that is missing something that you can provide,
and market this over the internet.

To begin with you should consider some things like, what
are you really good at? What would you love to do for a
full-time job? These two questions are really important
to finding your niche market, if you don’t like what you
do, you might as well not bother doing it, look for
something that you love doing, like talking about your
kids? What ever it is research it, find out what your
industry is missing, it could be anything, lack of
information? When you have determined this you have
found your niche.

Write down ideas as you get them about you niche market,
it doesn’t matter what they are, just write them down so
you don’t forget them, then you can ponder them later.
Here are some more ideas for finding your niche market:

Improving an Existing Market

Is there a product that you could make better, for example
imagine baby food, if you could make baby food that tasted
good, had all of the nutrients and minerals in to help
babies grow up healthy and you could produce this at a
competitive price, you would really be on to something!

Adapt an Existing Market

Adapt or change something about a product to make it more
marketable, an ideal example of this is making a fat-free
chocolate cake that tastes just as good as a regular chocolate
cake and market it to people wanting to lose weight? Although
this has been done before, it was a good idea when it was new.

Repackage a Product

This can be good, but competition is fierce, as a lot of people
are already doing this, a good idea is not to limit yourself to
just one product, offer a few repackaged items, for example
e-books to your niche market.

Solve a Problem

Find out what people are talking about in your niche market,
figure out the problems that people are having, or what is missing
in the industry and develop a service or product that will fill
the need. A good way to find out this sort of information is to
visit related message boards, forums and blogs to see what people
are talking about.

Tap into a Trend

Keep an eye out for what’s hot, what are people interested in,
there are trends started every day, all that you need to do is tap
into them, and you have a ready market or a demand, begging for a
product or service.

Once you have found your niche market, and found which angle
you are going to market it from, it is time to start work on
how to get your new niche market internet business off of the
ground.

Resource Box:
—————————————————————–
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your own business. Work when you want, where you
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