BigBang Day 5 – How to generate niche market ideas

by Rich Kid

No doubt, you need help now. You need more explanation on how to generate list of potential niche markets. Your response to day 4 post confirm it. Today, I am going to explain more. Your goal at this state is not to pick any market. All you have to do after going through todays’ lesson is to make list of potential markets of your choice.

Your goal – MAKE LIST OF POTENTIAL MARKET.

To complete today’s task and for future reference get yourself a new notebook. Make you list in this new notebook.

You have two basic ways to follow to make your list of potential niche markets.

1. Making list of everything about you that could possibly lead to niche market.

2. Use external sources, tools and resources offline and online for inspiration.

1. Make list of everything about you

On day 3 you answered 13 questions. Some of your responses is pointing to a potential market already. I know this because I read your response. So I will advice that you go back to day 3 lesson now and read your response again. List out what you find interesting from your response.

To build on that list consider answering the following questions in your new notebook.

What are those thing you do outside work – your outside activities?

What did you know a lot about? You are probably giving this away to people free already.

Have you suffered any illness or other health condition in past that you think thought you a lesson?

What are those tings you’ve always want to do?

Did you have any skills that you rarely use?

+=+ check your notebook your list must be growing now. Let’s go to second option.

2. Using external sources etc.

A. Newspaper Vendor Stand:

Most newspaper vendor now showcase magazines on several markets. Some of the markets you will find are wedding, pets, autos, real estate, among others. Visit vendor newsstand close to you and make list of topic that interest you. If there are magazine on your area of interest it most likely means there are lots of other people that shares that interest, if not the magazine can’t be in business. Some book stores and stationary stores often display magazine as well. You may want to check them out too.

You can do same search on internet. There are few online magazine directories you can check out.

Magazines.com

magazine

Mediafinder.com

mediafinder

Amazon.com Magazine and Newspaper

amazon-magazine

B. Online marketplace – what people are buying now

A very good way to discover more potential market idea to add to your list is through online marketplace. Online marketplace is a website where people buy and sell different stuffs. There are several online marketplace. Visit some of the following marketplace for inspiration.

Amazon movers and shakers in book -

Top selling books raking in past 24hrs. Go through the list of the top 100. What are the books listed about? Did you get any inspiration at all?

Clickbank marketplace

Clickbank.com is online marketplace for sales of digital products – ebooks, audio, video, software and membership access website.

clickbank

They provides information that shows how successful a particular product is. Go through list of category. Click on any area that interest you. Here is what I get after clicking on home & family:

clickbank-marketplace

Look at the picture above you will see area marked in red. That is the information showing how successful a product is. It is called gravity.

Now look at most of the successful products under home & family category. Read the title of the product. What is the product about? Did you get any idea that interest you. Put it in your notebook.

C. Following other people’s search online – here’s what people are searching for online.

Going through the list of what other internet users are searching for online as compiled by online top search websites can also inspire few ideas. Check the following following websites.

Google search trend

Yahoo top search

Lycos top 50

D. What is in the news?

Following what is in the news may help as well. Have you read about my dog ebook success story? It all started with what I read in the news about dog mauling kids and old people in certain part of USA and Australia. Up till today I still visit most of the top news website almost everyday.

General: CNN, MSNBC

Business news sites – Business2.0 , Wall street Journal

Technology news sites – wired, Entreprenuer, MIT technology magazine,

E. Follow the trend

What is the latest thing in town? Trends shows where the interest of people are in any industry. You discover latest trends in several industry from following websites:

Trend Central
Trend Watching
Spring Wise
Blog Pulse

GO AHEAD AND MAKE YOUR LIST NOW. DON’T JUDGE NOW. JUST MAKE YOUR LIST. WE WILL CONTINUE FROM THERE TOMORROW.

If you follow this lesson you must be having a very long list of potential market in your notebook already.

Book To download, read and ACT ON.

A fellow marketer released a short report last year on generating niche market idea titled niche brainstorm. He still sells the book for $19.97 on www.nichebrainstorm.com

Because you are special to me and your result is very important to me as well I acquire right to give you a copy of the report and save you about $20. You can download it here:

http://internetmarketingnigeria.com/NicheBrainstorm.zip

Please read that book and act on it.

Note: Don’t post your list of potential ideas on this website. List them in your notebook.

If you have a question post it here.

If you want to tell me your view about todays lesson post it here.

If you’ve been able to follow the lesson with success and have your list – tell us here.

Also don’t forget to tell us how easy or difficult it is for you to make your list.

If you need encouragement – request here.

If you think you are stucked – tell us here.

Tomorrows lesson and subsequent lessons will be available online at exactly 9am.

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{ 27 comments… read them below or add one }

Lanre January 9, 2009 at 4:15 pm

Well taken Mr. Lateef
See you tommorrow

Afolabi January 9, 2009 at 4:38 pm

Rich Kid ,
sorry I was not able to download the ebook on niche brainstorm. Can you assist?

Joseph January 9, 2009 at 4:56 pm

I am unable to download the ebook . It is saying that the “file is damaged and could not be opened”.

Joshua F Ejike January 9, 2009 at 5:08 pm

Good day sir,
I am so much excited with this powerful information. Success or failure in marketing starts from one’s niche market idea
I will discuss more after on the above topic
Thanks

aliyu January 9, 2009 at 5:15 pm

guys,relax we have all time in the world,i guess 80+ bigbangers are also trying to download same so lets say that sometimes in the night orearly in the day we all can have our copy.for thoses that can get their if you can mail it on request that would do.Ofcourse if the rich kid give the go ahead.

aliyu January 9, 2009 at 5:21 pm

joseph,you are right it is corrupt.

Rich Kid January 9, 2009 at 5:43 pm
Makanjuola January 9, 2009 at 6:06 pm

Mr. Lateef,
the link to download the ebook is not working. i got this error message: “the file is damaged and could not be repaired”

regards

John Moore Chukwudi January 9, 2009 at 6:45 pm

Thank you very much for this. I will print this out now and work on it and come back tomorrow for my reply.
But moreover, i already have a blogsite about wedding that i do not know how to go about it before, so i will be implementing this strategies on it to get going.

oladimeji ogunwale January 9, 2009 at 7:07 pm

Sir, I think am begining to get the idea now.
I now know what is meant by a niche and how to generate it.
more grease to your elbows .
Please, keep up the good work.
we will soon get there by the hrace of God. Amen.
oladimeji

Hamilton January 9, 2009 at 8:24 pm

Just logged in, will do exactly as you say and get back to you. have downloaded the ebook thanks, will read it and work on it

adewale lawal January 9, 2009 at 8:59 pm

i’m still trying to download the e-book but meawhile i will do as directed by
getting a notebook and list all ideas that i could gathered.

Raphael January 9, 2009 at 9:47 pm

I have downloaded the book. I am going through it. Thanks

Olaseni January 9, 2009 at 10:07 pm

Thanks for all the hints and guidelines. Its not easy getting the list but nevertheless I still manage to write some.

My question is that why are you specific about home and family under clickbank category.

kingsley okotie January 9, 2009 at 10:13 pm

i shall do that soonest(listing all my ideal in a notebook)

samson January 9, 2009 at 10:20 pm

I just finished reading the ebook and boy, it is quite revealing. I will pick one method from the ebook tomorrow and start using it. RICH KID, NICE ONE!

chukwudi January 9, 2009 at 10:31 pm

hi , i must confess, today was wonderful.keep it up.
everything happened sontaneously, my answers on day 3 were just pointing to my target market. the answers were given subconciously.
as for the other sites and links, i just pray to be student enough to make mine as bright as others
Thanks a lot lateef , your GOD SENT.

Aminu Rahaman January 10, 2009 at 12:08 am

This is great , it is quite interesting to explore the reference sites. Many ideas were got most especially from clickbank. the use of news and trend to get niche market is cloudy since the content of the news and trends tend to change from time to time. The benefit of news and trends to generate digital product is highly appreciated.

This is necessary so that we can plan our weekend activities. I got the e- book and it is to be read soonest.

Pastor Joshua Ude January 10, 2009 at 12:56 am

Grace to you Lateef. Thank you for a good work!
Now we can be having the lessons by 9.00am;
that’s great.

You are a great leader. And that shows you listen to
your mentorees! Very good of you!

Just downloaded the book; will go through it and also do
the assignment. Thanks a million!!!

Clement January 10, 2009 at 2:44 am

thanks lateef, you are a great teacher cos i just discovered how to generate potential niches easily. GOD BLESS YOU!

Lawal Zayd January 10, 2009 at 9:49 am

Thanks; This is a great eye opener. My list is full of potential market and starting to read the book right away.

prince vincent January 10, 2009 at 6:35 pm

My lists includes:

1. Dating
2.Bankruptcy
3.Home Gym
4.Surveillance
5.Dat Recovery
6.Salesmanship

Thamks, these prefered lists.

Adedeji Ademola January 11, 2009 at 6:21 pm

Today’s lesson was extremely helpful.I hope i’ll get it right this time.Thanks

Kemi Ogbuji January 12, 2009 at 2:01 am

i can’t download the brainstorm book

Ejiba vincent January 12, 2009 at 7:24 pm

Thanks for your guide line and help.

onyebuchibeya January 16, 2009 at 3:58 am

This book is great. There is full load info scattered to some extent you will be attempted to do all. Thank God, the author advice against such move. The nich I am interested in are:
1. online payment solution for Nigerians
2. Health and fitness
3. sporting (football)
4. Showing people how to make money both online/offline especially students and civil servant. In all i still need guidance.

Rich, please since Nigerians are not permitted to operate clickbank account can someone entroll for affiliate programme with them and if yes, how do you get your money.

Thank you Rich
http://www.moneymakingbook.wordpress.com

omotosho Addedotun September 19, 2009 at 3:03 am

been inpresive,pls give me more

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