How to Brainstorm Ideas for Choosing Your Money-Making Niche Online
There are so many people who find success online, it seems like just about anyone can do it. And that’s true! You can start making money online doing almost anything. But it’s finding that “anything” that seems to be the hardest part for many people. How do you find that money-making niche online with so much competition to swim through?
A niche is a small and more specialized industry or business that appeals to a specific community. Choosing your money-making niche online can seem daunting at first, but there are plenty of possibilities to guide you to your comfort zone.
Below, you’ll find a few examples of popular money-making niches that may appeal to you. You just might even make a name for yourself in one of these industries someday!
More About Niches
Before deciding which niche will work best for your money-making website plans, you should better understand what exactly a niche is. We think Shopify explains it pretty well:
“A niche market is a segment of a larger market that can be defined by its own unique needs, preferences, or identity that makes it different from the market at large.”
There are certain communities of people that may not be very big, but by focusing on these more specialized markets, you can tap into some real opportunities to bank on trending things. Some popular niches include communities of pet owners, premie moms, video game live streamers, quilters, or soccer players.
Really, a niche can be anything! You can find your money-making niche online by looking at what’s popular. The below tools, tips, and ideas will help you sort through the world wide web to find something that calls out to you.
Related content: How To Become An Authority In Your Niche
Use Google Trends
Perhaps one of the best ways to start finding trending ideas is to use Google Trends. It’s often recommended as the best place to start when you have no idea where to..well, start.
Google Trends will help you find keywords that are trending and popularly used. It is important to look for trending keywords as these words will increase your SEO and get your website on the front pages of every search engine. You can start by looking at examples of what’s trending around the world, or you can type in a topic that interests you and look at trending ideas from there.
This is a great tool to use to help you narrow down your ideas and start finding niches that interest you.
Look at What’s Hot on Twitter
Twitter is another useful place to start looking for all the popular buzz and hype. Twitter isn’t always a hot spot of activity like people often think it is, though. In some cases, finding trends on Twitter can be hit-or-miss. But it is a really good platform to look at when you want to see what people talk about, how they talk about it, or how quickly new ideas can spread.
Perhaps you can start choosing your money-making niche online based on what’s going on in your Twitter newsfeed. Social media is always the best place to go to when you need new, fresh, and in-demand ideas.
Check Out Amazon Movers & Shakers For Your eCommerce Store
If your online business is inventory-oriented, you may want to check out Amazon Movers & Shakers. This page will show you all of Amazon’s top-selling products as well as top-performing sellers. Look at these products and people for inspiration.
If you are wanting to start a dropshipping company, for example, or a major eCommerce venue where you will hold lots of stock and inventory, then Amazon should quickly become your best friend. Use it to find the hottest products that can help you instantly profit when starting a money-making website.
Research Your Keywords
Once you have a bit of an idea of what you want your specialized community to be, and you are getting closer to choosing your money-making niche online, you should start looking for keywords. These are words and short phrases that are commonly used in search engines. By using these keywords on your website and in your content, you will help naturally drive more traffic to your site.
It’s easy to find new keywords for your specific market. There are plenty of free online keyword search tools, such as Wordtracker, that can help you research the best keywords to use as a part of your new niche market.
As an example, let’s say you are selling, refurbishing, and providing information about lawnmowers. You go to a keyword search tool and type in “lawnmowers”, and you will see a list of results that show you popular search phrases including your term. The tool may come up with keywords such as “riding lawnmowers”, “used lawnmowers”, “cheap lawnmowers”, and “how to repair lawnmowers”.
All of these words should be used throughout your website so people who search for any of those terms will be able to find you and your information.
Find Your Niche, and You’ll Find Success!
Choosing a niche market may not seem like a requirement for succeeding with an online business, but in today’s world of the fast-paced Internet and all of its trends, it is becoming more and more important to find a specialized community to sell to.
Thankfully, there are many free tools online that can help you find the best money-making niche online. Think of your hobbies, passions, and interests. Find a community of people with those interests that you can cater to. The rest will be easy!