What is a hot niche?
There are many hot niches. But mind it they keep on changing. It all depends upon the demand factor. What is demand factor? It means what people are searching. What they want to buy. What type of food they want to eat? Which variety of clothes they want to wear. So out of entire demands of net users you have to sort out all such demands which they prefer to shop through internet. Obviously they won’t buy grocery online all the time. There are established rules to buy food and clothes in every part of the world. People buy fresh food after checking it physically. Similarly they buy clothes after trying them at the garment shop. So, all the items of basic necessities are bought physically.
Internet users demand convenience
Most of the net users buy facilities, comforts and intellectual products online. Here intellectual products mean software, widgets, website templates, hosting service, ecommerce solutions etc. Facilities means all types of consultancy services, loans, insurance, retirement plans, investment products, travel and visa services and several other facilities of the similar nature. It means think twice before selecting a niche related to the basic necessities. If you select a niche topic related to food a few advertisers are in the market who offer their products all around the world. This type of your niche would be limited to a specific area. So select a niche of either product or service that has a global demand and supply both.
Intellectual products are in demand online
The niche products and services that have global demand are related to the internet. Mostly these products are on the top of the list. All guides on how-to type are in hot demand all over the world. There are one billion blogs over the internet. If two blogs are being run by one person even then 500 million persons are running blogs. This is the market related to websites and blogs. Now you can contain it further. You can pick a market of website templates. All the bloggers start their journey of blogging on free templates and after strengthening their business they try premium templates. It means pro bloggers is your main market of the blog or website templates. By thinking like this you can specify your niche market.
Consider supply constraints
The main constraints of supply are logistics and the mode of payment. Various online payment systems like Paypal have solved the problem of the online payments. Anyone can register into such services and easily make and get payment from any part of the world online. However, logistics for supply do have constraints. That is why focus over those products and service which you can deliver through online like software and other internet products. Otherwise your products should have physical supply chain in all those areas of your readers.Do You Like This Post?