We often get asked by women who want to start making money online how to start, and one of the areas they often don’t consider is how they should go about choosing a market, sector or niche for business.
We’ll be providing you a list of markets to consider a little later in this article, but before that, a good starting point for choosing a market are these three simple criteria:
1. Look for a sector where people are used to spending money
If you want to make money online, you need to target a category fo people who are used to spending money on products or services – the more the better. Students, for example, are not the best area of interest because they have little money (unless you’re launching a rave, alcohol or something along those lines). Golfers, on the other hand, spend a lot of money buying the right kit, balls, clothes…and would happily try a new product to beat their opponent.
2. Look for flexibility in the product offering
Being able to sell different types of products to your market will make it even easier to make money because you can cross sell and upsell other products and add to your portfolio. So, limiting your service to botox injections, for example, means there isn’t much room to upsell, but if your offering is cosmetic treatments, there are many opportunities in there you can tap into.
3. If you like it, it makes the work a lot easier
While this isn’t the be all and end all, if you don’t like the product or services you plan to provide, it will start to show – and will become burdensome when you’re not hitting your financial target.
If you have a personal interest, experience or knowledge of a particular target audience, it will give you an advantage and you’ll enjoy reading up on what’s going on in that market, new developments etc, so you can stay on top of the game.
Here are some markets you could look into providing products and/or services in (in alphabetical order):
- Aging/Senior Interests
- Antiques And Collectibles
- Arts And Crafts
- Automotive
- Baby And Child
- Beauty (Skincare/Haircare)
- Investing And Finance
- Kids And Teens
- Leadership
- Men’s Issues
- Motivational
- Non-Profit And Fundraising
- Business (Auctions)
- Business (General)
- Business (Internet)
- Business (Opportunities)
- Business (Small/Home)
- Cancer Survival/Support
- Career And Jobs
- Coaching And Consulting
- Communication
- Computer (Hardware)
- Computer (Software)
- Computers And Technology
- Consumer Protection
- Cooking
- Dating
- Disease And Illness
- Education
- Fashion
- Finance And Investment
- Health And Fitness
- Hobbies
- Home And Family
- Home Repair/Improvement
- Home Schooling
- Interior Decorating
- Internet
- Outdoors
- Parenting
- Pets
- Photography
- Public Speaking
- Real Estate
- Recreation And Sports
- Relationships
- Religion (Christianity)
- Retirement
- Retail Businesses
- Romance
- Sales And Marketing
- Success
- Self Improvement/Help
- Sexuality
- Shopping
- Sports (Golf, Tennis, Etc.)
- Stock Market
- Time Management
- Travel And Leisure
- Wedding And Marriage
- Wellness And Remedies
- Women’s Issues
- Writing
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