New Revolutionary Way in Niche Market Research


by Yyshin - Date: 2007-03-29 - Word Count: 452 Share This!

Before I tell you a new way to do niche market research, here's a definition of niche market. According to Wikipedia, a niche market is a focused, targetable portion (subset) of a market sector. A niche market may be thought of as a narrowly defined group of potential customers. A distinct niche market usually evolves out of a market niche, where potential demand is not met by any supply.

There are a lot of niche markets you don't know about, because you are not in those markets. How are you going to discover them? How are you going to understand them more and create products and services that they need? How can you do your research? What are the favorite sites of these groups?

I just came across a new site that helps you find that type of information easily in one place. It is an online community for discovering, organizing and sharing content based on your interests. People are able to upload their favorites and summarize them.. What makes it interesting is that the system uses these summary phrases to create flexible, personalized content hierarchies and point you to niche markets.

Now is the time for niche idea hunting and research. First of all, let's assume that you have no idea what niche you want to target. Go to the site; just click a letter on the right and a list of markets/interests/tags that start with that letter will appear. Choose a market that you like. What makes it interesting is you can dig deeper into each market to locate more sub-niches that you hadn't thought of before. Pick a niche and keep finding new things and people connected to the niche.

What are the most popular websites related to the niches that you have chosen? You can get all the information right at the same place. Websites submitted by all the members related to that particular niche will be listed, and ranked by all members who are interested in this niche. Google search results and YouTube videos that are related to the niche will be delivered to you by the system. You have all the information you need in one dashboard. All these websites and videos are gems for you to do further research for product and service ideas.

Forums are integrate in to each niche. Members of in each niche will discuss about the topic in the forum. In the forums, you can learn about what's going on and the niche's unique needs. From there, you can get ideas about new or better products and services to serve them.

The website that I mentioned here is Rankaroo.com. Visit it now at http://www.rankaroo.com

Visit http://www.rankaroo.com now to get your hand on the niche marketing information

Related Tags: marketing, niche, revolution, rankaroo, new way

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