Find Your Niche in Five Steps

MUNPlanet
MUNPlanet
Aug 29, 2017 · 2 min read

The time has finally come for you to find your niche. Let’s get down to it. You have probably already listed your interests and passions, and that is the first step, so go through the rest. The sooner you start on your journey, the better. Check it out below.

1. List your interests and passions

Make a list of areas you are passionate about. being in business in an area you care about will make working and persevering to meet your goals much easier.

2. Find the problems you can solve

Start narrowing down your options and research problems that your target customers are experiencing. You have to solve a problem to be able to make a profit.

3. Research your competition

What is your competition like? Do you still have a chance? You can always make some noise in the market by providing high quality content, being authentic and transparent or take advantage of a high searched keyword.

4. Find the profitability of your niche

By now you have probably come down to a few topic areas. Research the most popular products in the areas and write down the average price points. If there aren’t any, it most likely means that the niche is unprofitable. If there is a plethora of products in the market, breaking through will be much, much harder.

5. Test you idea

Test your idea. You could set up pre-sales for the product. If you get orders, it is obviously profitable. If it doesn’t get ordered, it doesn’t have to mean that it isn’t profitable, maybe you just haven’t found the right offer yet.

Good luck!

MUNPlanet

This publication is designed to assist young intellectuals with their future endeavors.

)

MUNPlanet

Written by

MUNPlanet

Welcome to MUNPlanet, home of future leaders.

MUNPlanet

MUNPlanet

This publication is designed to assist young intellectuals with their future endeavors.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade