This is the 777 formula. He chooses 7 of each and then zeroes in on one specific niche. Even though his idea is really good, I had to keep in mind that the niche site I want to create will be India-based and thus, applying personal 7 of each seemed a bit tardy.
For instance, I have a fear of heights but when you search for “fear of heights” in Google AdWords, notice the difference in global and local (India) searches. How many of Indian Internet users will Google their fear of heights? Not many!
Similarly, I followed the trial and error with each personally selected fear, passion and problem. Some didn’t work (like above), some partially did. I wasn’t happy.
What did I do?
I researched the Indian net surfing market. In short, who uses Internet in India? These stood out -
Adults seeking employment
Health info seekers
What do they Search for?
Students are looking for information about various courses and their importance. They are looking for online study materials, forums to discuss syllabus and assignments, seeking sample assignments and lastly, online or offline tuition’s.
Food lovers could be housewives primarily experimenting with recipes. They usually run blogs, not for money but for the sheer joy of exchanging recipesand discussing health.
Employable adults without employment are seeking private and government jobs. The demand for government jobs are high. They are looking for government job updates, interview help, ‘how to apply’ information etc. Banking, civil services, engineering, teaching are popular fields.
The technology loves fall under the 18 – 30 age group, mainly. They are looking for gadget reviews, best gadget prices, programming jobs. Most of the tech Internet surfers already have a blog that they want to monetize.
Health is a big market in India. Health tips, Ayurveda, wellness tips, fitness are some options.
Do any of them have Potential as a Niche?
By potential, I am looking into something that will draw traffic, not heavy traffic but traffic that converts into money. There is difference between the two. Therefore,
The student niche does have potentialif I can sell them study materials and tuition services.
I don’t see much potential in food blogging niche.
The employment niche has potential. India has a sizable youth population and thus, there will be an increase in adults seeking employment. This niche could get heavy traffic and can be monetized via ad networks like AdSense and Info Links. A niche membership zone could be created to give members latest update on govt. jobs, paid mock interviews and cracking entrance examinations.
Technology, per se, is an over-used niche. I will skip this.
The health sector has potential but there is a lot of competition.
Finally, I am going for:
Adults seeking employment
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It is not that these two niches do not have competition. It does, similar to the health sector. However, I would still like to look into these two niches because:
I can relate to both these niches, like Pat Flynn suggests.
Most of the Indian sites in these niches lack in branding and authority, and this is where I wish to stand apart.
How to Choose the Niche?
Choosing a niche is a HUGE task. This is the foundation.