Niche Research-How to Find a Profitable Niche Business Idea.
- 4.2
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Brief Introduction
Niche Marketing. Find Your Passion, Conduct Niche / market research, find and validate business ideas before starting upDescription
Course Description
A survey reveals that almost 90% of startups fail. One of the reasons attributed is failure to do proper niche research beforehand. But many of these entrepreneurs simply do not know how to do this. They Invest all the money they saved in their lifetime into the business and hope that to succeed. Alas! without proper research, their chances of success are only minuscule 10%. After the failure of the business, startup owners go bankrupt and some owners go to the extent of killing themselves. It's unfortunate that a small tweak in their mindset to do proper research before choosing a market will change the whole scenario.
This course aims to increase your chances of success in your startup by teaching you how to conduct proper online niche market research. It's an interesting activity and at the end of the research, you'll have a lucrative market to target that will succeed if served properly. You'll be taught theory and practical lessons related to niche market research which might change your startup strategy completely.
Master Niche Research by a step by step system.
This course will take you through a step by step approach to find a profitable niche market. All you have to do is to follow along those steps. Please don't skip any step as this will break the chain.
At the initial stages, I'll cover all the theory lessons necessary to understand the basics. Then we'll jump into practical lessons where we'll do hands-on work to use various tools online to find a profitable niche.
Content and Overview
- By Learning what a niche market is and why you need to startup with a proper niche market, you become strong in fundamentals that will help to do In-depth research.
- By Identifying your passions, strengths and weaknesses, you not only do a self-assessment to know yourself, but also choose an area that you are passionate about to startup.This will keep you in the business over a long haul.
- The next step is to Identify what the market wants. The key point here is to identify an area that you feel passionate about and have strengths at and market can also greately benefit from.
- You define your niche as specific as possible. Also you visualize your customers in your mind's eye. This brings in clarity of thought.
- Use filter questions to weed out niches that are not viable.
- Deeply understand problems of the identified niches. Then identify solutions that can solve the problems better than others.
- Test the market to ensure customers will pay for your product or service.
Requirements
- Requirements
- Knowledge of English Language with basic computer operation is enough.
Sivakumar Kannan
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