+2 votes
in Online Business by (410 points)
Start a business requires a lot of efforts along with money, but in the planning phase chosing a niche carefully for online business that yields greater revenue is also required.. Can anybody let me who to search and decide the best niche for our businesses?

1 Answer

0 votes
by Leader (22.7k points)

To find a best niches for your business, depends on your business model. Try to answer these questions to yourself before starting any online business.

  1. Whether you want to earn a subscription revenue or ads revenue?
  2. Either you wanna sell products online that may be made by you or outsourced?
  3. Do you wanna start a SaaS business online?
  4. Do you wanna provide a free product or service online and accepting donations?
When you find answers to that questions then you have to choose a topic or call niche. Niche is basically a small segment of an industry. Like Health is an industry but a weight loss, Fitness, Workout are niches, being a small part of health.
Chosing a niche is also based on your own expertise. If you have financial education and background then your niche can be a finance based like financial modeling, valuations or stock brokers, stock investment advisors etc. 

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