Finding a Niche to Target with Information Products
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Before beginning to sell information products online, make sure that you are targeting a niche that will be profitable in the short-term as well as in the future. Your niche is simply a different way of saying your target audience.
You will discover that some niches are much more profitable than others. You will have to examine your audience to make they are willing AND able to spend money in order to solve their problems.
For example, golfers have proven they have deep pockets since playing golf is a very expensive past time. Golfers are typically rabid fans of their game and would do anything to improve their score or beat their competitors.
Another potential target audience such as single moms on a budget may be reluctant to pay $67 for an eBook on getting organized, but if you target a different problem of theirs they are willing to pay. For instance, many may be willing to pay $47 for an eBook which teaches them how to make more money working at home than they make on their 9-5 jobs.
One good place to start is with online groups and forums. You can go to iVillage or Yahoo, Google groups, or Boardtracker and see what kind of groups garner the most posts. Men’s groups such as AskMen might give you insight into what kind of information products this portion of the population might need that help you generate a handsome profit.
You’re not just looking for a broad group of people to cater to - you’re looking for those with a lot of problems. When you start creating your information products, you’ll want to build an empire of products that all focus on the same niche, allowing you to market to existing, loyal customers who buy from you time and time again.
In some cases, you will locate one large niche market but then realize you need to develop your product line toward a more targeted, narrow section of that niche. For example, parents have many problems you could potentially address. Raising smart kids, dealing with discipline, saving money and preventing drug use might be some.
But you can then narrow that niche to moms or dads and dig deeper by focusing on parents of multiples or parents raising kids with physical ailments. Just remember that an information product is not really a product at all - it’s a solution, so it needs to be marketed as something that will improve lives
Tags: Marketing