Finding Your Online Business Niche
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Title: Finding Your Online Business Niche
Word Count: 559
Author: Lynn VanDyke
Email: ArticlesByLynn@yahoo.com
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Finding Your Online Business Niche
Copyright 2006 strength-training-woman.com
I recently gave a seminar to folks interested in starting
their own online business. Most of them were looking for
information about shopping carts, search engine
optimization, hosting, and tech related issues. I believe
they were all stunned when I explained that I would not
address any of their questions until they told me their
niche.
It felt as though 5 minutes passed by before any one said a
word. I could tell that not one person knew their niche.
I expected this. In fact most hopeful net entrepreneurs
miss this very important first step. Choosing your niche.
It is so easy to get caught up in technical details,
marketing, cash-flow charts and such, but what good is
stressing about those concerns when no niche is chosen?
It’s like putting the cart before the horse. Step 1 in
creating an online business road map to success is defining
your niche.
Websters.com defines a niche as a situation or activity
specially suited to a person's interests, abilities, or
nature. It also says a niche is a special area of demand
for a product or service. A niche is a target market. It
is focused, not broad.
Here are a few examples of niches: golfing for women, hot
rods of the 1970’s, Greek desserts, and organic herb
gardening. Here are examples of topics that are not
niches: golf, cars, food or gardening. Do you see how a
niche is focused and a topic is broad?
Determining your niche is the first step to producing a
successful online business. Your business should be built
around 1 niche. Your products or services should provide
solutions to problems or concerns within your niche. Your
site content should provide information about your niche.
Creating an online business around your niche helps you
rank better at search engines, positions you as an expert,
and creates buzz in your industry.
Here are a few simple questions to help define your niche:
- What are your hobbies?
- What experiences/skills have you collected through school
and jobs?
- What is your biggest passion in life?
- What hobby/experience/skill/passion would you enjoy
building a business around?
- Have you often been told by people that you should go
into business doing a particular thing? For example, sell
your famous muffin mix or sell your web design services.
My best advice is to choose a niche that you are passionate
about. Building a business takes effort and patience. You
will have a much harder time motivating yourself through
the difficult periods of business if you dislike your
niche. So choose wisely.
Follow your gut and pick the best niche for you. Income
will follow where passion and hard work lead. Begin
researching your niche industry and then move forward with
your plans.
A successful online business road map will look something
like this:
- Choose niche.
- Research industry. Find problems people have in that
niche.
- Brainstorm a service or product to solve people’s
problems, or become an affiliate for an existing
product/service.
- Choose a hosting company that provides everything you
need in one low cost price. A good hosting company will
provide support, easy page building, traffic analysis,
search engine optimization, ability to create a newsletter
and RSS feed and much more. Check out my site to see who I
use for my online business.
- Begin building your site around your niche.
About the Author:
Lynn VanDyke builds successful websites. She provides
several options for business owners including a “Jump Start
Your Online Business” CD-ROM. Visit
www.LynnVanDyke.com to learn more about her and her
services. Lynn's content website is ranked in all 3 major
search engines and is in the top 1% of all websites
worldwide according to Alexa.
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