A common mistake new marketers make is to first create a product without first identifying the target market.
Why is this a mistake?
Because they may end up creating a product with little or no demand!
It is far more profitable to locate a hungry market, find out what they want – and give them what they want!
The question to ask when looking for a hungry market, “Is this a hot marketplace full of hungry people with spending power?”
Here’s how you can get started.
Start by exploring your own skills and interests, and let them lead you to a niche market with potential buyers.
The whole idea is to discover what you are naturally interested in and good at, and use this as a starting point for your online business.
If you are totally clueless and do not know where to begin for identifying your niche, you can start by examining your favorite interests and hobbies.
Ask yourself what subjects do you enjoy learning and talking about?
Brainstorm for ideas in the following ways:
- tap from your knowledge, experiences, hobbies, interests, career, friends & families
- Looking at popular websites (click on the respective hyperlinks to visit the website) – Magazines.com, Amazon.com, Ebay.com, Shopping.com, About.com, Alexa.com for more ideas and also, the latest trends.
- Read magazines, newspapers and watch TV for the latest trends
To generate more niche ideas online, you can also plug a “root word” from the Root Word List below into one of the following online keyword research tools:
· http://www.FreeKeywordDiscoveryTool.com
Root Word List
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acquire
aid
alleviate
answer
article
bargain
bigger
blueprints
book
build
buy
cheap
clean
close-out
comfort
control
correct
crafts
create
cure
deal
directions
diy
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do it yourself
easy
ebook
effortless
eliminate
facilitate
fast
find
fix
free
get
get rid of
guarantee
help
how to
increase
info
information
instant
instructions
investment
key
kill
learn
less
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look for
love
make
more
mystery
obtain
pain
patch
pest
plan
prevent
problem
procure
purchase
quickly
rash
rebuild
recipe
relief
relieve
remedy
remove
repair
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revamp
revealed
revise
richer
secret
set up
sexier
sexy
shop for
smaller
solution
solve
soothe
successful
symptoms
thinner
tip
underground
undisclosed
unknown
unpublished
unrevealed
weed
younger
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