This is SRINI here……so far the course understanding has been wonderful and has given broader perspective on the niche research.
I’m glad I chose to subscribe here……
I have few questions on the homework topic “High potential problems”, below are my queries and would be glad any of you or MOE can respond and clarify it.
1. Niche is Large (Enough) and Stable?
One of my Niche problems has good search volume on google (upto 600k searches / month) but on google trends, the trend it is not consistent it is dying down. So is it okay to pursue that niche.? Plz clarify
2. It Will Be Easy (Enough) to Get Traffic in the Niche?
I’m unable to understand how to know the whether it is easy to get traffic? what is the indicator to find out? Plz clarify
3. There is Not Too Much Competition in the Niche?
There are products on Amazon, ebay but no relevant product on clickbank, so because it has products should I conclude that there is too much competition?
How do I know whether there is less / more competition, what is the measure?
4. There is a Unique Position I Can Take in the Niche?
I saw the TIDE example, but still unable to figure out what the uniqueness is all about?
Please give some more examples / casestudies wherein people have made their unique position?
5. The Niche Can Sustain Me (Financially)?
I haven’t figured out on what could be the possible product cost, so difficult to answer.
Any clue how to go about on the pricing so as to analyse the sustainability of the product?
Please clarify on the above