Do you know you should start your market research within yourself? To make money online, you can brainstorm ideas – look at things that you have passion for, something that you are knowledgeable about; a product that you are using/have used before; or a field in which you have good experience – you might find a niche there. If you choose something you are passionate or knowledgeable about, the whole process goes quite smooth and enjoyable for you.
I also recommend that you always have a small notebook with you anywhere you go. You’ll be surprised how ideas might just pop into your head at odd times. If you don’t write it down at that very moment, it might be gone completely by the time you get home and you know what? It could have been a million naira (or dollar) niche. So always carry a notebook. Even if the idea that pops into your head sounds silly to you, never mind; just write it down.This is one of the secrets of those who make money online.
You want to look at magazines, both online and offline. Go to magazine stands where they have foreign magazines on display and browse through the magazines. Is there any common topic on all their front pages? More importantly, look at the advert sections. What are people advertising about? If companies are paying money to put advert on those things, then there are definitely markets for them. How popular are the adverts? What class of advert are there – is a lot of money being spent on those adverts?
Next go on the internet and look at online magazines. Search different categories of magazines on the magazine websites. I recommend that you go to www.amazon.com; www.e-how.com www.shopping.com and www.ebay.com. There are so many others, but don’t overwhelm yourself, work with these ones. If there is a magazine, there is a market. But you don’t want to just jump into the market like that otherwise, competition (the well-established merchants; the money bags) will stifle you. You need to research down to micro-niches.
Go and do your market research and let me know if you need further assistance. Goodluck!
I am a Social Media Marketing Strategist and Facebook Marketing Expert, a business coach, seminar resource person, published and serial entrepreneur. I help businesses to get extraordinary results from their marketing campaign thus ensuring steady increase in their incomes.
market research is of course always needed before venturing into a new business;,’
market reaserarch is very important if you want to have a successfuly business venture;’,