Skip to main content

Best Way To Find A Niche Market

Are you having trouble finding a niche market? Consider this story...two entrepreneurs open restaurants across the street from one another. The first is a master chef with tons of money. He hires the very best people there are for his restaurant, has the best decor, the freshest and best food, tons of advertising and publicity, etc.

The second entrepreneur has no experience, next to no money, knows nothing about hiring good people, etc. Yet when the two restaurants open the second entrepreneur is a huge success and the first barely survives because the second had ONE advantage the other did not have, one advantage that trumped all the first one's skills, contacts, knowledge and money.

And what was that advantage? The second entrepreneur had a starving market. His customers were literally starving for what he had to offer. The first one's? Not so much. But because they wanted the food being served up by the second entrepreneur SO badly his customers were willing to overlook his lack of experience. contacts and money. In fact, his customers would probably have provided him with any money he needed because they wanted what he was serving so badly.

The moral of the story is simply this: Look for starving markets. They are hard to find but they do exist. And if you find one it matters little what experience, contacts, market or business knowledge or money you have.

Want to learn how to find niche markets? Check out this training here

Comments

Popular posts from this blog

Wealthy Affiliate Review - Turn Your Passion Into Profits

 Do you want to break into the world of affiliate marketing? Its intimidating. Where do you begin? What products should you sell? Should you sell products from e-Bay, Amazon or another retailer? Information overload is the downfall of most want-to-be affiliate marketers. Getting started is difficult when there's is so much to consider. But wealthy affiliate aims to make the journey of affiliate marketing easier for newbies just breaking into the industry to long time affiliates that want to increase their revenue faster. Is wealthy affiliate a scam? Definitely not.   Can it help you build a site that brings in $4000 a month? Its definitely helped others earn this much - and more. If you're dedicated, follow the affiliate training and leverage the platform's strengths, you'll be prepared to make money online. But if you don't put effort into your online business, you might as well stick to your day job. Affiliate marketing is a business and it's a business that r

10 Advantages of Starting Affiliate Marketing and How to Get Started as a Newbie

  Are you looking for a flexible and potentially lucrative way to make money online? Affiliate marketing could be the perfect opportunity for you. In this blog post, we'll explore the 10 advantages of starting affiliate marketing and provide a step-by-step guide for newbies to get started in this exciting industry. Advantages of Affiliate Marketing: Low Startup Costs: Unlike traditional businesses, affiliate marketing requires minimal investment. You can get started with a website, social media presence, and basic marketing tools. Passive Income Potential: Once you've set up your affiliate links, you can earn passive income as long as people continue to make purchases through your links. Flexibility: Affiliate marketing allows you to work from anywhere with an internet connection, giving you the freedom to create your own schedule. No Product Creation: You don't have to worry about creating or maintaining a product. Your main focus is promoting products or services that al

Wealthy Affiliate - The New Website Is Live

 When you head over to wealthy affiliate's website it's a fresh new look. Now you will be able to type in  a topic that interest's you and build a website/blog and make money from it.  This video explains how it works  Wealthy Affiliate Homepage