I highly recommend that you first do a little soul searching and see what subjects would make you happy working with on a regular basis. You know the old saying…”Do what you love and you’ll never work a day in your life.” Well, I think that definitely applies to starting an online business.
If you pick markets that you are passionate about you will find the work of article writing and blogging to be much easier. If you love doing something you will probably be pretty good at it thus turning a hobby into a money maker. You will have insight into this community and be able to better identify their needs and wants and satisfy them with your online products.
First find the niches you love and then you will be able to determine if these are hungry niches looking for products to buy.
Make a list of the hobbies you like. It could be anything…cooking, car mechanics, gardening, computers, weightlifting, bird watching, playing an instrument, etc. Write down everything, even if you don’t think it would be something that you could sell a product in. Just write for now.
Now that you have these broad subjects written down, we’re going to drill down and find the some of the niches in these subjects. For example if one of your passions is gardening then niches would be…organic gardening, flower gardening, herb gardening and vegetable gardening. See how you can find many different niches in just one subject!
You may be knowledgeable enough to create an information product about one or more of your niches – that’s terrific. I encourage you to embrace ways to make money from home and a new, fresh product is definitely one of them.
However, if you want to get your online business up fast then you can use products that have already been researched and written by an expert in the field. Using a Master Resell Rights (MRR) or Private Label Rights (PLR) product will help you leap frog over the tasks of writing the report or book, creating a sales letter, creating a website, etc. Once your business is up and earning money you can always devote time to creating your own product.
Once you have a list of niches that give you a spark then you will need to search for products to sell. You can search Google for MRR or PLR products or you can join a membership site such as www.privatelabelrightsforwealth.com and get a monthly feed of new products every month. Some will be in your niches and some may even spark a new niche you never thought of before.
If you need help digging for Niche nuggets then check out Finding Your Niche video series. This set of 7 videos will take you step-by-step through the process of brainstorming for niches, evaluating the popularity of a niche and determining a profitable angle. You will be surprised at the free in depth tools that are available for you.