Online Business Niche
About Online Business Niche
Looking for a formula to determine the best niche or site concept for your online business? It's impossible to give a set formula, as much as we'd all love to have one.
You have to look at the interplay of the number of keywords, along with their Demand, Supply and Profitability, along with your own goals and time commitment, etc., In other words, do you know your niche or site concept tolerance range? How much time do you have (or do you think you have) every week to work on your site? To win a niche with a high Supply/competition (250,000-500,000 range) will likely need at least 10-30 hours per week to succeed. Before you decide ask yourself:
- Are you passionate about the niche?
- Are you knowledgeable about this niche?
- How profitable is this niche or site concept?
Do you have your formula to propose? Join this group!