To me, the ultimate niche, much like the ultimate USP....is very easy to sum up. Here's my formula...one that's worked well for me.
The World's Richest Niche combines the following 3 elements..not one...not two...but all three!
1. A specific niche product.
2. A specific niche market.
3. Both the product and the market are specifically targeted to the AFFLUENT POPULATION who will buy what they want, when they want it--- with little consideration to the high price you're charging.
That's a niche you can get rich with! Capiche!"
At the very least...you'll make more money going the route above...then a $7 ebook consisting of Steve Waggs--- never before published poetry etc. UGGGGGG!
So in other words....don't just sell the next great OVER PRICED golf club gimmick.
Make sure you sell it to a list of higly paid defense Lawyers who desperately want to increase their driving distance by 30 yards in between court cases!
Oh yeah...Mr. Lawyer will pay you a lot of money for that club! Why? Because he can. Why argue.
I am often amazed at how many marketers look at the NICHE... soley as a product...or simply as a market. It's obviously both.
More importantly, why not combine affluent niches and go where the money is?
Never understood why that concept is so intimidating or hard?
Affluent niches are often easier... and surely more profitable then a book on--- Humming Birds in Heat...And Why They Destroy The Ozone Layer. Ya think?
xxx Vegas Vince