Video: Niche Selection: How to Avoid High Competition Easily

Description


This is part 2 of How to Choose a Profitable Niche in Easy 4 Steps. In this video, you are going to learn how to avoid High Competition Niches and come up with a new profitable niche.

Transcription


In the previous video, I showed you how to find a niche in 4 easy steps.

In this video, I'm going to show an alternative solution to avoid high competition.

If you narrowed down your niche at a point that you’re able to master and control your business, but you always find that the competition is high, that doesn’t mean that you can’t succeed in your business but only means that it’s going to be difficult to compete with other businesses, and you’ll probably need to spend more money on advertisements.

If you really would like to come up with a business in which there’s low competition, you should be creative and more importantly a good observer.

One of the ways to come up with a good niche is creating a new category for products that have a common feature but aren’t categorized in the same category on eBay and Aliexpress.

If you look at Aliexpress and eBay, it seems like there’s a category for smartphones but not for what we can call ‘’smart houses’’ or ‘’smart homes’’.

This is a good opportunity to start a business which is surely going to flourish in the near future.

As of now, the keyword “smart house” – which could represent a business that offers smart devices that turn an ordinary house into a smart house – has low competition and a high search volume. It is certainly a good and profitable niche for a starting business.

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