How to Choose a Niche for Your Online Business

[Nomad]

When you are starting a new business, it’s smart to work in proven niches because they already have demand. In other words, you need to sell products that a lot of people are already selling. This is safe because you do not have to prove the worth of your product. But the downside is those niches are often saturated with stiff competition, making success harder to achieve.

 

[Springtime]

Yes, there are boutiques here which sell only Japanese and S. Korean ladies' clothing and accessories. Hong Kong women love the design of these clothing. Most of these businesses are making good money.

 

[Augusta]

Consider what you are passionate about, what problems you can solve, and whether there is sufficient demand for your chosen niche.