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.

 

[Stardom22]

For me l think that for one to come up with a very profitable niche on the online business one has to make a vivid research on the most demanded and liked items or services to deal with on your business.

 

[kit_hung]

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.

Japanese and Korean clothing business booming in Hong Kong. Women love the modern, eye-catching styles. This trick brings huge profits to shopkeepers who know their customers' tastes.

 

[Kross]

I think you have to really look at your reach to determine the perfect niche that you want to sell online.

 

[Tobi]

Yeah that's a very good question, and the best way to go about that is to first of all know what you want and do a proper research on that niche. But my recommendation is Affiliate Marketing because it's one of the best way to make money online with low cost of capital