How to find market the easy way
How to find market for online business the easy way.
In most Internet Marketing bible’s you’ll find there is extensive methodologies to find & research market for business. Today I am going to show you how to find markets the easy way.
After you are finished with this list, you will be busy for months to come.
One of the biggest mistake with beginners is that they don’t appreciate their own skills or hobbies. If you start a business in something you love, you have more chances of succeeding online.
Trust me your hobby isn’t that unique. There are people more weirder than you. 
Find something that you either Love
You need passion to go through all the hardships of building a business. There’ll be times, when you ask yourself “why you are doing this?”. In those moments your passion for the thing will keep you working.
This is why I am giving you this simple You quiz. It’ll help you know more about yourself. I suggest you to write down in details all the thoughts while you are finishing this quiz.
Your Personal Demographic
Your first market ideas will come from your own demographic. Do you think your age or location or gender can help you generate ideas?
I know a women, who is in men’s market and making a killing with this market. Being a women gives completely different perspective.
I also know a person whose location was great business idea. He created a traveler site for tourist coming into his city.
What makes you different? Think hard you might find few ideas here..
- Age
- Gender
- Geographical location
- Type of home (apartment/house/trailer, city/suburbs/country)
- Number of children/grandchildren
- Ages of children/grandchildren
- Single/married/divorced/widowed
- Religion, political affiliation, family income range
- Other pertinent information
Your Background
Now you might not think being a computer geek or a boring 9-5 job might not be good idea for building business. But I have created websites in market that belongs to my background.
- Companies you worked for
- Positions you held
- Organizations you volunteered for
- Community activities
- Groups you belong to
- Diplomas/degrees you earned
- Classes or specialized learning programs you completed
- Any other accomplishments
Your Hobbies & Interests
Hobbies and interests are also good ways to find your next niche market. I am someone who can be labeled as fad chaser. And when I do something I do it right or I don’t even try it. So I ended up having many hobbies that includes Hypnosis/NLP, magic, astrology, sports/fitness and many more…
I ended up creating websites on almost every single hobby I have. Most of them are pretty good if I might say.
- Past and present hobbies
- Personal collections
- Things you’ve “always wanted to do”
- You favorite books and genres
- Your favorite songs and types of music
- You favorite movies and/or television shows
- Pets past and present
- Anything you do for fun
Your Hangouts
- Places you spend time in
- Places you’d like to spend time in
- Your dream vacation destinations
- Your favorite restaurants
- Your favorite stores
Your Friends Demographic
If you are the most boring person around, then check out your friends, relative and acquaintances. You might find people who might give you good idea to start a market.
- Your friends’ ages
- Your friends’ geographic locations
- Your friends’ family types, styles and sizes
- Personality traits you like
- Personality traits you dislike
- Where your friends live
- Where your friends work
- Activities you enjoy with your friends
- Hobbies you share with your friends
Again, I hope by now you have a great number of things you can do or research for online business. Now all you need to know is if your idea is good enough or not..
How to find if Your Market Sucks or not?
One of the easiest way to find the right kind of market is to check on your competitor. The more competition you have, the better the market is and the hard you have to work to beat your competition.
I have this rule if people are buying in the market, then I’ll be selling to them.
Now all you are left to do is creating/finding a product and sell it to them. I have written a lot on creating and selling but Here’s small ideas to get you start
1. Improve an existing a product : In many markets, you can easily improve an existing product or service and sell it to crowd.
2. Repackage number of products :Re-packaging can be good idea if you have quite a few number of competitors selling multiple products. You can re-package multiple related products and sell it. The perceived value of a product like this is High.
3. Adapt a product :Take a product idea from another market and sell it to your crowd.
4. Tap a trend : If you notice in Internet marketing how many marketers are trying to tap web 2.0 craze. From $10 ebook to $1000’s of dollars in membership sites.5. Find the gap : You can find problem areas in your market and provide a product/service. This gap can be obvious and not so obvious.
Like Paul smith did with his product Xsitepro. He created a product to create SEO optimized websites in no time. That product was/is one of its kind in this market.
I hope I gave you few ideas to start your online business with. You can check this blog for more information on product creating, traffic generation and other important topic. You can also participate in 30 day online business challenge.
There are many ways you can start your business. The only thing stopping you is YOU. Don’t hold yourself back. God speed to success.
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- 7 Steps to succeed in IM in next 7 days
- Affiliates : Making your website attractive, interesting, engaging and interactive
- My 4 Step Method to Online Marketing
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Refreshing Article. I also have found that if you simply cater to the big dawgs you may find yourself becoming one. For instance on Ebay there is a millionaire who simply offers shipping materials. If you made an ebook on interview with millionaires you could become one your self, and there is the 17 yr old who makes $70,000 a month with free layouts for myspace over at ” whateverlife”.