Finding untapped niches

ryansjones · 08-23-2009, 08:45 PM

Hey, I've been curious about something. Besides my existing website, the Snohomish Ebook Store, I am kicking around the idea of building a whole new website that is built around a highly profitable niche. I have thought of building an xbox 360 fan site for example, using microsoft expressions 2 (which I recently got) but notice that there are lots of competition in that field and many other ones. Do any of you know of good ways to find and exploit untapped niches? I am aware of sites like word tracker and Micro Niche Finder, but I am on a tight budget right now and can't afford them, and so i will have to find some low cost or free methods of doing so. Are there any tools you have used that helped you to find a profitable niche?

KenThompson · 08-23-2009, 10:41 PM

Well, I doubt there are any untapped and profitable niches. Since I don't know
for a fact, I guess you could presume there could be.

I also doubt anyone would tell you how to do this. I think the prevailing approach is
to start with keyword research. Look for a certain monthly search volume. See how
many ppc ads there are for these terms, etc. The ppc ads tell you if there's money
to be made. But that assumes those ads will be around a month later.

There are different schools of thought regarding your question.

One school advises to avoid direct competition with established marketers in the
popular, ever-green niches that contain millions of consumers. The alternative is
to act like a bottom feeder until you have your chops together, then consider
marketing like a heavier gorilla instead of an anorexic chimp.

Another school says screw it. No reason to fear the established marketers. The
markets are huge and there's enough for one more.

Then there are the smaller markets. The subniches.

Yet there are others who advise against being a marketing pioneer. You know,
treading where there appears to be no one else. Some wisdom there as you
may discover later that there's a reason no one else is there. Some markets
have lots of people in them, but they do not buy for whatever reason.

Find markets with people who buy and have the money to buy. These markets
have demonstrated their willingness to buy.

So ok...

Here's a freebie for you and anyone else who reads this. This is nothing new or
earth-shattering. But if you don't know this, it could be those things for you.

Go to amazon and check out the magazines. You can see them in the order of
popularity. If there's a magazine in these markets, it's because it is profitable for
the publisher. As you may know, magazines are tough businesses. So they generally
have their act together in many respects.

You can get ideas for markets, niches, sub-niches, micro-niches... and perhaps
even a nano-niche from them. Ok... just pulling your leg about the nano thing.

I think lots of people newer to IM dream of the undiscovered, untapped, dream
niche just patiently waiting. I used to a long time ago. I spent more time than I'd
care to admit looking for such a beast.

I'm not trying to discourage you. But I'd suggest you consider a number of things
just a few of which I mentioned.

You can use google's external keyword tool, for adwords or something. Ok... here...

https://adwords.google.com/select/KeywordToolExternal

It's worthwhile and free. Check out google's gtrends if you like. I'll only serve you
one link. You gotta get the rest.

I don't know if that helps, but it should. And be careful in the wso forum. I don't
wanna step on anyone's toes, although I know from personal experience that some
toes I've encountered there should have a hammer taken to them, but just be careful
there. Big hint. Ok? Be as wise as you can be.

Best of good fortune to you.

Lastly... be focused.

Over 'n out.

Mark 2 · 08-23-2009, 10:59 PM

I highly appreciate KenThompson for sharing your ideas.

The key advice is we need to be focused to have a better readership and client loyalty. We can find too many niches by just spending some hours search but it's better to become master of one than jack of all...

cheesy · 08-24-2009, 02:39 AM

There aren't much "untouched" niches, the internet is big remember.
If you choose to get into the xbox 360 niche then you could be at the top of the competition easily if you work really hard on it. And as Mark 2 said, "it's better to become a master of one, than jack of all"

oZestretch · 08-24-2009, 07:44 AM

Well scripted Ken... I have read a few ebooks that tried to give me an idea of what you were able to provide in an idle forum post to a stranger with no wallet.

ryansjones · 10-11-2009, 03:08 AM

Actually I have just adopted the xbox 360 as my new niche as I have recently started a new Xbox 360 fan site at www.xboxfreak.ws, and it is already getting lots of hits

pakidesigner · 10-11-2009, 04:01 AM

i think the best reply of this question will answer a google adword professional.....
Because they know what is the higgest bid on a keyword or what niche is hottest these days

08-23-2009, 08:45 PM	#1
ryansjones HyperActive Warrior Join Date: Oct 2008 Location: Snohomish, WA Posts: 119 Blog Entries: 4 Thanks: 0 Thanked 3 Times in 3 Posts Social Networking Contact Info	Finding untapped niches Hey, I've been curious about something. Besides my existing website, the Snohomish Ebook Store, I am kicking around the idea of building a whole new website that is built around a highly profitable niche. I have thought of building an xbox 360 fan site for example, using microsoft expressions 2 (which I recently got) but notice that there are lots of competition in that field and many other ones. Do any of you know of good ways to find and exploit untapped niches? I am aware of sites like word tracker and Micro Niche Finder, but I am on a tight budget right now and can't afford them, and so i will have to find some low cost or free methods of doing so. Are there any tools you have used that helped you to find a profitable niche?
	http://www.xboxfreak.ws watch viral videos about animals at http://rjanimalvideos.blogspot.com Connect with me on viral networks at http://viralnetworks.com/profile/uid...yan_Jones.html

08-23-2009, 10:41 PM	#2
KenThompson . War Room Member Join Date: Sep 2007 Posts: 1,153 Thanks: 700 Thanked 591 Times in 417 Posts	Re: Finding untapped niches Well, I doubt there are any untapped and profitable niches. Since I don't know for a fact, I guess you could presume there could be. I also doubt anyone would tell you how to do this. I think the prevailing approach is to start with keyword research. Look for a certain monthly search volume. See how many ppc ads there are for these terms, etc. The ppc ads tell you if there's money to be made. But that assumes those ads will be around a month later. There are different schools of thought regarding your question. One school advises to avoid direct competition with established marketers in the popular, ever-green niches that contain millions of consumers. The alternative is to act like a bottom feeder until you have your chops together, then consider marketing like a heavier gorilla instead of an anorexic chimp. Another school says screw it. No reason to fear the established marketers. The markets are huge and there's enough for one more. Then there are the smaller markets. The subniches. Yet there are others who advise against being a marketing pioneer. You know, treading where there appears to be no one else. Some wisdom there as you may discover later that there's a reason no one else is there. Some markets have lots of people in them, but they do not buy for whatever reason. Find markets with people who buy and have the money to buy. These markets have demonstrated their willingness to buy. So ok... Here's a freebie for you and anyone else who reads this. This is nothing new or earth-shattering. But if you don't know this, it could be those things for you. Go to amazon and check out the magazines. You can see them in the order of popularity. If there's a magazine in these markets, it's because it is profitable for the publisher. As you may know, magazines are tough businesses. So they generally have their act together in many respects. You can get ideas for markets, niches, sub-niches, micro-niches... and perhaps even a nano-niche from them. Ok... just pulling your leg about the nano thing. I think lots of people newer to IM dream of the undiscovered, untapped, dream niche just patiently waiting. I used to a long time ago. I spent more time than I'd care to admit looking for such a beast. I'm not trying to discourage you. But I'd suggest you consider a number of things just a few of which I mentioned. You can use google's external keyword tool, for adwords or something. Ok... here... https://adwords.google.com/select/KeywordToolExternal It's worthwhile and free. Check out google's gtrends if you like. I'll only serve you one link. You gotta get the rest. I don't know if that helps, but it should. And be careful in the wso forum. I don't wanna step on anyone's toes, although I know from personal experience that some toes I've encountered there should have a hammer taken to them, but just be careful there. Big hint. Ok? Be as wise as you can be. Best of good fortune to you. Lastly... be focused. Over 'n out.
	You don't have to like or love everything or everyone, not in the usual sense. Injustices and villains always abound during primitive times. You knew this would be true before you chose this life, just as you knew that the good and the beauty would far exceed the bad and the ugly. Go where you're drawn, and dwell upon all that is good. ~ Mike Dooley

08-23-2009, 10:59 PM	#3
Mark 2 Active Warrior Join Date: Jun 2009 Posts: 60 Thanks: 0 Thanked 6 Times in 4 Posts	Re: Finding untapped niches I highly appreciate KenThompson for sharing your ideas. The key advice is we need to be focused to have a better readership and client loyalty. We can find too many niches by just spending some hours search but it's better to become master of one than jack of all...
	Go confidently in the direction of your dreams. Live the life you have imagined. Home Funny Videos

08-24-2009, 02:39 AM	#4
cheesy Graphic Designer Join Date: Aug 2009 Location: North Wales, UK Posts: 100 Thanks: 19 Thanked 6 Times in 5 Posts Social Networking	Re: Finding untapped niches There aren't much "untouched" niches, the internet is big remember. If you choose to get into the xbox 360 niche then you could be at the top of the competition easily if you work really hard on it. And as Mark 2 said, "it's better to become a master of one, than jack of all"
	NEW Automatic Social Bookmarking Sofware? http://www.bookmarkwiz.com/ coming-soon Q3...

08-24-2009, 07:44 AM	#5
oZestretch Active Warrior Join Date: Mar 2009 Location: Australia Posts: 37 Blog Entries: 2 Thanks: 3 Thanked 1 Time in 1 Post Social Networking	Re: Finding untapped niches Well scripted Ken... I have read a few ebooks that tried to give me an idea of what you were able to provide in an idle forum post to a stranger with no wallet.
	The Simple Business Recipe - Resell Rights ~ Your First $1000 In One Month ~ 5 Quality Websites - FREE (+PLR)

10-11-2009, 03:08 AM	#6
ryansjones HyperActive Warrior Join Date: Oct 2008 Location: Snohomish, WA Posts: 119 Blog Entries: 4 Thanks: 0 Thanked 3 Times in 3 Posts Social Networking Contact Info	Re: Finding untapped niches Actually I have just adopted the xbox 360 as my new niche as I have recently started a new Xbox 360 fan site at www.xboxfreak.ws, and it is already getting lots of hits
	http://www.xboxfreak.ws watch viral videos about animals at http://rjanimalvideos.blogspot.com Connect with me on viral networks at http://viralnetworks.com/profile/uid...yan_Jones.html

10-11-2009, 04:01 AM	#7
pakidesigner Active Warrior Join Date: May 2009 Posts: 53 Thanks: 0 Thanked 2 Times in 2 Posts	Re: Finding untapped niches i think the best reply of this question will answer a google adword professional..... Because they know what is the higgest bid on a keyword or what niche is hottest these days
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