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How To Find A Profitable Niche Market in 2024

Hey friends! It’s Colleen and today I’m going to share with you the single most important thing you need to do before you launch your business idea. 

This is literally the number of mistakes that determines the likelihood of your business flopping or being wildly successful. It’s literally that important.

Make sure to watch this video until the end because I am going to show you how to use a free tool to get REAL numbers and analytics to help you choose a niche based on fact, not feelings. 

PLUS it will help you identify high ranking keywords within your niche so that you can rank page one on google and have free traffic flooding our content and dying to buy your offer. 

This exact strategy will help you lay the groundwork for a long term sustainable business plan and help you avoid the feeling of working so hard to build a business that just doesn’t work.

WATCH THE FULL VIDEO HERE! How To Find A Profitable Niche Market in 2024

But before we get started, I have a special gift for you! I created an ebook of 200 digital product ideas to help you get started monetizing or content (or to add an additional revenue stream to your current business). 

Get the FREE vault here!

So, if you are an entrepreneur looking to launch a new product or service, a small business owner, or you are looking to finally start that business from scratch that has been burning inside of you, hit subscribe to see more videos on, content creation, email marketing, digital products and more.

So let’s say that you have this idea for an online business. It could be a physical product like handmade crafts, or maybe an online course, a coaching program or maybe a product or service. 

And you are all excited to brainstorm this amazing business idea. The name of your program, Instagram handle, content ideas, and everything you ever envisioned your business to be. When you suddenly find an account that is doing literally the exact same thing that you want to do.

It can kind of feel like a sucker punch to the gut. This can really make you doubt everything and want to quit before you even get started.

Or even worse, maybe you have invested time and money into your business idea on design, a professional photoshoot, a website, and maybe even a product to have on hand. But nobody is seeing it and nobody is buying it.

So let’s say that you have this idea for an online business. It could be a physical product like handmade crafts, or maybe an online course, a coaching program or maybe a product or service. 

And you are all excited to brainstorm this amazing business idea. The name of your program, Instagram handle, content ideas, and everything you ever envisioned your business to be. When you suddenly find an account that is doing literally the exact same thing that you want to do.

It can kind of feel like a sucker punch to the gut. This can really make you doubt everything and want to quit before you even get started.

Or even worse, maybe you have invested time and money into your business idea on design, a professional photoshoot, a website, and maybe even a product to have on hand. But nobody is seeing it and nobody is buying it. 

Then what do you do?

Friend, I have been there because I tend to be a “go in guns blazin kind of girl. If you can relate, drop an emoji and please know that you are not alone and this is something I’ve not only done myself but I have seen clients do time after time.

Because the truth about a new business idea is that it’s like having a baby. You are literally obsessed, emotionally attached, and couldn’t possibly handle any criticism because you’ve spent too much time and money investing into this idea. 

And then, your precious little baby decides to grow up and not even like you. And you end up feeling like your life is over. 

The good news is that you can actually avoid all of that with what I am going to teach you today in this video.

It starts with identifying a profitable niche that aligns with your passion and life skills

And trust me when I say that if you will take the time to nail a profitable niche, it will make your entire entrepreneurial journey so much easier. 

Here are my top 5 steps to choosing an insanely profitable niche.

How To Find A Profitable Niche Market in 2024

Note: This post may contain affiliate links. Meaning that at no cost to you, I may make a small commission on anything you purchase through my link. But don’t worry, I never promote products that I don’t believe in or truly love <3 This just allows me to continue publishing quality content regularly. You can read my full privacy policy here.

Before you choose a niche, you need to answer these 4 questions. 

What is something that you have overcome?

What have you overcome, whether it is big or small that you can help someone else overcome in a faster and maybe easier way?

It doesn’t have to be world hunger here. It just has to be one problem that you can solve. 

If you understand the power of creating a digital product but you just need some direction on the exact steps to take and in what order…

…..then I have a special gift for you!

In this FREE masterclass I am teaching….

  • How to choose a profitable topic that aligns with your skills & life experiences so that you can create & launch a digital product without the fear & doubt that nobody will buy
  • 3 Case studies of wildly successful digital product launches, what made them successful, & the incredible potential they have to create a passive income stream
  • Top 5 mistakes people make when launching a digital product that results in a failed launch + My secret roadmap to creating an irresistible digital product that you can charge a premium for so that you are getting the most out of each purchase.
  • How to create multi dimensional content strategy that will attract your ideal follower & convert them into a raving fan that are excited to buy your digital product
  • How to strategically build an email list full of buyers that you can leverage to create multiple monetization strategies over years to come 

CLICK HERE TO GAIN ACCESS TO THIS FREE MASTERCLASS!

What is something you are naturally good at?

Of course, to a certain extent we have all had to work hard to develop a skill. But typically this should be something that comes more naturally to you than most people.

What is that thing? 

What is a topic that you always find yourself talking about?

That conversation you find yourself in no matter where you go or who you talk to.

What is a topic that people always seem to ask your advice about?

This is the thing you are known for in your friend group.

Once you have answered all these questions, I want you to make a list of 3-5 niche ideas tat are broad. 

Think things like….

  • Health & wellness 
  • Fitness
  • Beauty 
  • Design

Once you’ve done that, it’s time to move on to the next step in the process which is conduct thorough keyword research.

Watch this video until the end to learn how to use a free tool to gather market data on your niche idea.

In conclusion:

In conclusion, before choosing a niche, it is crucial to disectand answer these four fundamental questions.

  • What is something that you have overcome?
  • What is something you are naturally good at?
  • What is a topic that you always find yourself talking about?
  • What is a topic that people always seem to ask your advice about?

Reflecting on personal skills and past experiences is the best way to find a niche that is the perfect fit for you.

Start becoming aware of the topics that consistently grab your attention in conversations and the topic people seem to always ask you about.

As you answer these questions, compile a list of 3-5 broad niche ideas.

Once you have these categories nailed down, you can move on to conducting keyword research.

See video linked above for a detailed video tutorial.

xoxo

Colleen

P.S. Don’t forget to get your FREE digital product vault here!

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