To start an online business, you need to find a niche market you can build your online business around.
There are lots of niche markets in the online world:
And so on…
If you find a niche market that is aligned with your passion then this is going to make things easier as you will be even more motivated to pursuit your goals.
Some niches are more profitable than others, so when choosing one you must make sure it’s a profitable one. This will allow not to end up starting a business that is not profitable
Process of finding a niche
1) Go through a brainstorming process, where you lay out few niches you are interested in or that you are passionate about. You do not have to be an expert of this niche, the fact that you are passionate about it will give you excitement which will allow you to find new ways to overcome any obstacles down the way.
2) Examine the niches you have brainstormed to find out if they are profitable. My recommendation here is to choose the most profitable niche out of your list. Remember your aim is to build a profitable business and if this happen to be around a niche you are passionate about, this will make thing even better.
How to determine if a niche has demand niche?
Think about all these things one by one.
Then ask yourself the following questions about each one:
If any, all, or some of those answers are yes, then you have potential profitable niche.
3) Once you have chosen a niche you can build a brand around it and market your business through social media to attract traffic to your blog.