Market Niche Analysis?

Harry P

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I am finding ways to research profits that a niche can bring to me, even I have not tried it yet.

Are there any ways to analysis a market niche?

For me, I am using these methods:
- Identify my audience
- Research my niche market keywords using google keyword planner or other keyword tools.
- Analyze the competition
- Research industry trends with google.com/trends/

I'm wondering you have better ways for market niche analysis? just sharing...
 

Nytshade

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The easiest way is to go to sites where people buy and sell websites, you'll find a lot of good niches. Flippa is a great place to start.

The amazon best sellers section can also reveal some untapped and lucrative niches, even future high traffic keywords.

If the niche has magazines then I know it's also a lucrative niche and that means the niche market is willing to spend money on information, which also means a blog will work well.

In other niches you'll just see schools (offline/online) start popping up to teach the subject, better if it starts being introduced in well established colleges. Then you know it's a profitable niche.
 
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