50 Powerful Ways to do Market Research and Uncover a Profitable Niche for Free

Ways to do Market Research

Emerging entrepreneurs and small business owners are often misled or misled into the topic of how to conduct market research that reflects a profitable environment.

The way unsuspecting entrepreneurs take it by finally with a key tool or database to start their search.

As a keyword researcher and founder of one of the leading online keyword research services, I can say firsthand that keyword knowledge is not the first place to look and should not be considered. Here’s why.

Major keyword information currently available to the general public only provides a search query on a limited amount of data accounting for 1% – 2% of the actual search by people worldwide. They can only predict (emphasis added) most searches performed on five major search engines such as Google, MSN, Yahoo, AOL and Ask.com with 97% -98% key data.

Most importantly, keyword research only shows what keyword phrases people use in search engines to search for answers, not what people actually buy online. Just because a group of people searches for specific words or symbols does not mean that they are what they are buying. That is an important difference that many business people and business owners often admire.

Profitable niche marketplace

When looking for a profitable niche marketplace, your main focus should be to seek the evidence of a group of hungry and aggressive consumers who want to exchange their money for a service or product (information, physical or digital). Without this important key, you can have the largest product in the world, but you may not be able to find a market to sell it to.

This article will introduce you to some great-looking resources that will give you the first step in finding a real, profitable market before you can find gold and put all your resources on a website, product or spending on a particular online asset.

Once you have found a market that contains enough trademarks to go with, then you have good reason to look forward to the keyword research service to find out which keywords people are using to find the market you have chosen.

Let’s start by looking at how we can identify a profitable market.

MAGAZINE

One of the best ways to get real market signals is to look for a magazine in that field. If a publisher has enough money to print and distribute a full-color magazine, there are many advertisers who are likely to support a copy of the magazine’s distribution of all copies, which may mean that there is sales for those advertisers.

Now, this can lead to doubts about whether there is so much competition in the market with so many advertisers selling magazines.

In fact, it is a good sign of competition, which means that there are enough customers to sell and half of the pie you can have in that market. If there is very little competition, you may (1) not have enough product sold in that space; or (2) not have a market place to start. The competition becomes bigger, where you will be able to get a piece of money that you will be able to hold.

Unless you have left your seat, you can go to Magazine.com and look at a number of different categories to find a profitable topic or industry where you can start worrying online.

One of the things you would like to focus on is the number of subscribers each issue has and how long the magazine has been printed for the purpose of stability.

Make a list of the magazines you want to look for and search for them in one of the great dedicated newsstands covering almost every magazine in every article.

To better understand what people are buying in the online world, you will need to finally decide whether you want to represent portable or digital products.

BODY PRODUCTS

There are two very large markets that are heavily smuggled, they deliver a lot of product and they are great places to find out what people are really buying.

Let’s start with the first big market…

eBay

On eBay, you can check out a list of the most popular products people are buying through auctions or in eBay stores that sellers have set up. To see how you can find the most popular products, please use the reference below to view an expanded version of this article.

Amazon.com

Another really big market is Amazon and it’s not just for books. You can find almost any product with a moving brand name and shaker. Also, look for the most popular products in those categories that attract your attention.

DIGITAL PRODUCTS

If you wish to sell digital products that do not require importation and that often carry high profit margins to their contacts, you will want to explore Clickbank’s digital marketplace which places product sales from the top to the lowest retailers in each category.

Just browse through the categories at Clickbank.com and you will quickly find the top vendors of digital information products, software and subscription services available directly from the top list. See also the reference section below for a link to an extended version of this tutorial article and more detailed guidance.

Once you have gathered enough market research, you can do one of the following:

  • • Create an online store that sends visual and commercial products (requires installation)
    • Sell sales through an eBay auction or their online stores (need to be established)
    • Create a vendor-representative site as a managed organization (does not need to be established)
    • Create your own digital product, service or software (does not need to be established)

Having used at least two of the above four sites, you can be sure that you have done thorough market research to find the “good evidence” that people are buying and, as a result, profitable

Top