Profitable Business Niche: Find An Ideal Business Niche

What you'll learn

Business differentiation and unique value proposition with niche research, a niche website, and niche marketing

Let's indulge

Course introduction

Business niche and micro niche course welcome

01:34

New section: Checklist for choosing a niche

Passion to business idea match and how to balance it with practicality

06:03
Which niches are popular for small businesses now?

04:28
Making a list of your niche advantages

03:55
How lucrative and competitive is the niche

04:58
Successful example of starting with a small niche & making a profitable business

02:23
How to choose a niche down to tiny niches

04:58
Paul Graham’s essay: Things That Don’t Scale

07:18
Examples of choosing a niche by drawing from your past work or education

04:43
Is your idea/niche easy to promote/market?

06:32
More examples of niching in the elearning space

04:32
Niching mistake using ClickFunnels and ads that many people make

04:29

Tools and more ideas for finding a niche

More niche advice

Actionable steps you can take

Learn from my own mistakes choosing a business niche and early failures

Additional planning

Basics of setting up your domain name and website

Protecting intellectual property and your ideas

Examples of starting different businesses

Market research and idea validation

Market research section introduction

01:22
Consumers and people behave differently than they say

05:32
Starting to identify our target market and getting over initial assumptions

05:32
How to get feedback on business ideas & how to get expert feedback

07:04
Paid options to get business idea feedback

04:34
Focus group costs – few thousand and different if you do it or a firm

05:38
How to run a single focus group meeting

06:44
Using existing research by research firms

02:26
Validating business ideas by starting small and testing them in the market

05:23

What you'll learn

Let's indulge

Course introduction

Business niche and micro niche course welcome

New section: Checklist for choosing a niche

Passion to business idea match and how to balance it with practicality

Which niches are popular for small businesses now?

Making a list of your niche advantages

How lucrative and competitive is the niche

Successful example of starting with a small niche & making a profitable business

How to choose a niche down to tiny niches

Paul Graham’s essay: Things That Don’t Scale

Examples of choosing a niche by drawing from your past work or education

Is your idea/niche easy to promote/market?

More examples of niching in the elearning space

Niching mistake using ClickFunnels and ads that many people make

Tools and more ideas for finding a niche

Google trends for niche research

The Netflix effect

More niche advice

Thoughts about finding a niche for affiliates

How to get business ideas and how to brainstorm them

Actionable steps you can take

How to get feedback on your business ideas PLUS EXERCISE

Paid options to get business idea feedback

How to tell if an idea is good & cheap market validation of business ideas

Ideal customers, psychographics, and demographics

What to do if you have too many business ideas

Three types of business ideas

Learn from my own mistakes choosing a business niche and early failures

NEW! My first business failure: the show search engine business

Another one of my early niche mistakes with a hiking company

Additional planning

S.W.O.T analysis

Basics of setting up your domain name and website

What technology to use to create your website and should you do it yourself?

Finding a good domain name

Protecting intellectual property and your ideas

6 ways to protect your intellectual property

Creating a moat around your business

For first-time entrepreneurs: More on moats, barriers, and long-term competition

Examples of starting different businesses

Starting an agency business…in 4 different valid ways

Practical approach to starting an online business

Local business – bookstore

Few more thoughts on the previous video

How to come up with a business idea from scratch

Market research and idea validation

Market research section introduction

Consumers and people behave differently than they say

Starting to identify our target market and getting over initial assumptions

How to get feedback on business ideas & how to get expert feedback

Paid options to get business idea feedback

Focus group costs – few thousand and different if you do it or a firm

How to run a single focus group meeting

Using existing research by research firms

Validating business ideas by starting small and testing them in the market