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GuruGrounds - GuruGrounds.com – How to Start and Market an Online Business

GuruGrounds - GuruGrounds.com – How to Start and Market an Online Business

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Published by: bored2read on May 10, 2011
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05/12/2014

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Nichecustomersareextremelyknowledgeableoftheirniche.Evenif

you’renotpassionateaboutanicheyoucanstillstudyitanddemon-

strateyourknowledgetocustomers.Beingpassionateabouttheniche

you pick will help greatly.

When looking for a niche, go through the NICHE process:

Notice:Niche markets exist in every industry and for the most

part, they exist right in front of us. Pay attention to trends, fads,

and look for the next big thing to a segment of society.

Investigate:Check out the competition, industry trends, annual

sales, and see if it’s a viable idea.

Customers:Research the competition thoroughly and find out ex-

actly who they are. Are they big spenders? What do they want and

how do they want it?

Hypothesize:Before you go all out on storefronts and purchasing

products for resale… test, test, and test some more! Try selling a

few items on EBay to see what people are willing to pay.

Execute:After you’ve thoroughly tested and found it to be viable,

you’re ready to go all out. Plan and plan some more then execute

your plan.

The following sites are helpful when looking for a niche market:

•www.ecommerce-guide.com/news

•www.iconoculture.com

•www.thestylephile.com/blog/330000033.html

•www.smallbiztrends.com

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•www.trendwatching.com

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