It’s been more than a week since I have been watching the tutorials at Niche Profit Classroom and to be really honest with you, I feel that I am fixated on the topics that are related to finding keywords and good niches because majority of the strategies that are used in finding a competitive niches are new to me. I feel like I’m learning an entirely new language!
But even if I’m feeling a bit overwhelmed, I tackled the videos on market profiling or in short sizing up your competition. With the system at NPC, you really don’t have to look into lots of tools and websites so that you can get the information that you want because they already have software called a Market Profiler. It basically focuses on 6 avenues of market analysis using websites that many people visit on any given day. Since I don’t want to give you a very long post, I am going to split it in parts so this post won’t be an eyesore!
So, let’s go ahead and tackle the first step by the use of Amazon. Yes, you heard me right, let's use Amazon! When you go look into www.amazon.com, you need to check for information products (books) related to your target market. Since Amazon is considered as the the best seller of information products in the internet, it contains valuable information in determining whether a niche is hot or not.
The software at NPC particularly wants you to find out four details from Amazon: the availability of books related to your niche, the number of books available, it also requires links on the bestsellers, and their ranks in the overall marketplace. The results will be combined with the succeeding steps in order to determine if your niche has potential.
If you don’t have the software, you can make good use of details mentioned above and other data such feedback, availability of information materials, number of copies sold, along with other pertinent details from Amazon. However, it’s important to remember that not all hot topics may translate into savings in your bank account. If a niche is too popular, you may be embroiled in cutthroat competition – a scenario that we are trying to avoid. To sum it up, let’s find a niche that’s popular and marketable at the same time. So now, we're ready to proceed to step 2. See you around!
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