hi there,
I am just making notes, how to find a niche for my online store :
You can do this by finding profitable niches within your passions, ensuring your product pricing allows you to make a profit and choosing a niche you’d just have fun creating content for.
Let’s take a look at what you should be looking at to help you discover your passions.
If you’re looking to choose a niche based on your passions, consider these questions:
Which blogs and websites do you visit the most?
Which pages or accounts do you follow on social media that you enjoy?
What type of online stores do you buy the most products from?
If you asked your friends to describe your biggest obsession, what would they say? (Feel free to ask them)
Are there any products that you collect?
If you had $1000 to spend on any product you want (not need), what would you buy?
If you’re looking to choose a niche based on how much money you could make, ask yourself some of these questions:
Which online retailers have been skyrocketing in popularity lately? And what products do they sell? (Focus on a few specific niche-based retailers instead of brands like Amazon)
Which products are the most popular right now? (I’ll show you how to find some of these later in this article)
Which products have the highest profit margin?
Which niches have the biggest audiences?
Tools for Finding a Niche Market
First, I’m going to look at the big three: Oberlo, Amazon, and AliExpress. On all these websites, you can find the trending niches quite easily. I’ll look at what niches keep coming up and try to find any potential sub-niches that would work well with them.
AMAZON + AMAZON UNIQUE AND QUIRKY section.
AliExpress
The first section I look at when browsing AliExpress is the best sellers. When browsing the top ten best sellers nothing really jumps out of me. I’ll admit that I use a bit of intuition when trying to come up with a niche to start an online store in. Don’t be afraid to listen to your gut.
Phone accessories tend to be quite popular, so it’s something that can be considered. However, the main problem with the top ten best selling products is that they’re highly competitive and it doesn’t mention how long they’ve been selling this product for. In this situation, the high order volume may be due to a product that’s been selling for two years rather an item that’s selling well right now.
You should look at order volume when deciding on what to sell. However, it’s important to remember that if the order volume is sky high, the popularity peak may have already passed. And while it’s always a good idea to sell a product that’s proven to sell, you don’t want to sell a product when it’s past its peak.