If you considered earning money by working from home than you will probably begin by choosing a hobby that you can use for niche marketing.
However, choosing a niche isnt always as easy it we like it to be. Many of us dont know what we are interested in and some of us have too many interests to narrow it down to a specific niche. Below are some steps to help you choose a niche for your work at home business.
Before you choose a niche lets clarify what exactly a niche is, a lot of people get confused about this. Suppose you like writing, well, writing is not a niche. Poetry writing is a niche, so is fictional writing.
Think of it this way a niche is like a topic. If you were asked to write a report on World War II it would be silly to take on the entire war but you could write about a particular battle. It is small enough to digest but large enough to find and give information. You dont want your niche to be too small ie. a small island no one knows about but you dont want it to be too big ie. an entire country.
Steps to choosing a niche
1. Write a list of everything you like to do, care about or gets you excited. It can be anything: golf, knitting, baby products, the ocean or even the color blue. What ever it is write it down. Try to create a list of thirty things that interest you.
2. Look at your list and begin to cross out the ones you dont feel as passionate about. You may like sports cars but you are only slightly interested in home electronics. Narrow your list down to your top 10
3. Beside each of your top ten interests write down why you like them. Dont just say I like poetry, be specific, "I like poetry because". If you find it hard to come up with a reason, behind your interest, cross it off your list. The niche you choose will become the one you use to niche market. This means you need to be able to talk extensively about it.
If you are struggling now you will have trouble promoting and advertising.
4. Take a look at your list and pick out the five that have the most explanations.
These are your top five. These are the one you will research to find out if there is a market for them, what the competition is like, who your target market will be, what are the products related to that niche.
5. Search Google to see how many unique ads appear on the right hand side; go through at least 5 pages for each niche. This will give you an idea of your market and whats related to each of your top five niche options. This will help you to determine what people are buying. You may also want to go to a bookstore to get even more insight on the market, competition and profit potential.
6. Which three have the largest market, the highest profit margin and least amount of competition? Its ok if you have competition, this is actually a good thing it means that there is a demand for that niche. But too much will mean that you will have trouble standing out in the crowd. Out of your top three choices which one has the above three, which one are you most passionate about?
If you like all three then choose the one that has the most appeal in terms of profit potential
Follow the above steps and you will have your niche that you can build a work at home program around.
Got a Question? Ask.
Ask the community a question about this article:
Frequently Asked Questions
Starting my first aquarium
By: Parle-G | 31-03-2007
I always love aquariums but never had any fish of my own, I have some spare cash and a nice niche to put an aquarium in, and how should I start this new hobby.
Is it too late to start an online t-shirt business in this saturated market?
By: msanders | 17-12-2006
The online T-shirt business is huge. I'm thinking jinx, busted tees, think geek, spreadshirt. Is the market saturated already? Are there any niches for t-shirt stores that have yet to be tapped? Where are the opportunities to set new vendors apart?
Q&A Powered by:
More from Jeff Casmer
Link Your Way to a Higher Search Engine Ranking
By: Jeff Casmer | 12/04/2007 | Link Popularity
Are you serious about driving traffic to your website? If you are then you should develop a linking strategy. People follow the recommendations of trusted websites.
9 Secrets to Getting Traffic
By: Jeff Casmer | 04/04/2007 | Online Promotion
Whats a business without traffic? An unprofitable one, thats what. You can not have a successful work at home career without traffic.
14 Ways To Skyrocket Your Profits
By: Jeff Casmer | 20/03/2007 | Sales
You can quickly increase your work at home profits if you apply a few simple tricks. Below are fourteen ways to skyrocket your profits.
Can You Really Be Lazy and Still Earn Money?
By: Jeff Casmer | 20/03/2007 | Home Business
Time and time again you see sales letters that claim that with only thirty minutes of work you too can be a work at home guru. There was even one page that bragged about turning anyone into a work at home wiz in under five minutes. These claims have become cliche and such sales pages often lead to people becoming weary of work at home programs. But why then would there be so many?
4 Secrets to Succeeding With Affiliate Marketing
By: Jeff Casmer | 20/03/2007 | Affiliate Programs
One of the most expedient ways to work from home is as an affiliate marketer. There are a lot of people who are creating a generous online income through affiliate marketing.
The Secret Behind The Success of Work at Home Gurus
By: Jeff Casmer | 07/03/2007 | Home Business
The success of the internet marketing giants of the web 1.0 era is that they have embraced the power of the web to harness collective intelligence.
10 Reasons Why People Fail To Earn Money Online
By: Jeff Casmer | 07/03/2007 | ECommerce
They fail to write a business plan. If you fail to plan, you plan to fail. Not having a business plan means you dont have any firmly set goals. Along with a business plan you should have a marketing plan that clearly outlines your advertising budget and what you plan to do if something goes wrong.
Affiliate Marketing At Its Best
By: Jeff Casmer | 06/03/2007 | Affiliate Programs
Most people, when they begin a work at home business, first consider affiliate marketing as a method for generating an income. This is of course is one of the best places to start. There are a lot of perks that come with affiliate marketing.
Business 
