How to Spot a New Niche

If you've ever thought about starting an online business, then you've probably wondered how to spot a new niche. What's a new niche? It's one that is just beginning to emerge. It's new in the sense that it hasn't really been recognized as such. How can you be reasonably sure that it really is a niche in the making and won't peter out just when you're ready to launch?

Have you ever read some of the stories of business people to see what they did to make their enterprises a success? If you have, then like me, you may have felt that they just happened to stumble across an idea that accidentally made them into millionaires.

Of course, we know in our hearts that it didn't happen like that at all. But journalists specialize in spinning the facts to make the reality into something more romantic, and because we want to believe it, we do.

But, how could you spot a new niche? If the next success story was going to be written about you, what could you do, right now, to make sure that no journalist needed to spin anything?

For this article, I want to make just one suggestion: Ask yourself what online products or services you use, and what annoys you the most about them.

We all have favorites that we rely on for one thing or another; but it's rare to find one that does everything that we want, or does it the way we want it done. So think about what you dislike, and then imagine what the perfect solution would do.

Let me give you an example that I'm sure you can relate to.

There a three main browsers: Internet Explorer, Firefox, and Chrome. All of them have their faults.

The first is known to be the slowest by far, but most of the updates are worth installing.

The second is constantly updating itself, but has a wide range of third party features that you can install. The problem, however, is that you never seem to be able to just open it without a lot of other things happening, including a restart of that browser.

The third one doesn't like Flash, which means that if you listen to the radio via the Internet, the programs often stop altogether.

Wouldn't it be great if someone created a browser that ran fast, only needed the occasional update, and handled the most common programs, including Flash?

You may not be a wizard at HTML, CSS or JavaScript. But, you're in good company, because I'm not either. But what I've just described in simple terms are what I would like a browser to do.

By the way, would you like to learn more about how to be an entrepreneur? If so, then download my free ebook here: How to BE an Entrepreneur.

Or, do you want to learn how to set up your own online business. If so then go to Zero to Hero Plan for more information.