How To Find A Profitable Niche online? Steps For Absolute Beginners :)

Ok, I'm back again and within a few days ;)
Well I am getting really excited about the launch of my new website. Building a business is like raising a child, there are good days and bad days.
What makes the bad days better days is knowing what to expect and how to deal with each situation.
So... back to our headline "How To Find A Profitable Niche online? Easy Steps For Absolute Beginners"
These steps are suitable if you didn't find a hot niche online as yet or if you want to know if you really have a market for your existing niche and/or whether your existing niche worth developing or whether you can make more money with your existing site:

1. Lets Find Your Niche (This step is suitable for those who didnt find a hot niche as yet)

I am going to ask you to do a simple task :) We need a pen and a paper here

List What you are passionate about?

Write a list of 5 words that come to your mind , maybe ask your family or friends or relatives or colleagues to give you 5 words each.
Build a list of 30-40 words, these words have to make sense ofcourse :)

Once your list is completed then you can start your market research.

The market research at this stage allows you to identify whether your idea worth pursuing or worth dumping in the bin before you waste your time. (Horror)

I will tell you a little secret here, One of first online mentors a guy called Stelios Eleftheriou told me once "If you want to make money online then find a hot niche and keep away from Internet marketing products"
Do you know what this truly means? To tell you the truth, first I didn't know what he was talking about. :(
Think about it for a while and ask yourself if you know exactly what it means and write it in your notepad.

That's it for today for those who dont have a niche as yet :)

Now if you already have a niche then list your keywords for that niche, which means what do u think your target market will type in their browser bar to find your site or related product or service?
Write your list and you are ready to find out your market position online :)

I need to go now so I will catch up with you next time, so please have your list ready.

Warmest regards,
lama Kalla