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Rapid Local Ecommerce Growth - How to find a niche to conquer? (6)

05-19-2015 09:47 AM #1 iAmAttila (Veteran Member)
Rapid Local Ecommerce Growth - How to find a niche to conquer?

Ecommerce is doubling over here very single year, more and more people are shopping online.

I'd like to get in at the right time, and establish some kind of an online store that sells physical goods locally (within country)

My question for those with experience, how could I do market research to determine which niche/segment to start -and in turn- minimize the risk of potential waste of time / money?

Really looking forward to some insights.

Thanks

05-19-2015 12:31 PM #2 caurmen (Administrator)

Smart Passive Income (the blog) has a particularly good selection of posts looking at market selection: http://www.smartpassiveincome.com/tag/niche-selection/

Are you specifically looking at just targeting your country, or would you consider targeting pan-European?

05-24-2015 05:42 AM #3 orisin1 (Member)

Quote Originally Posted by caurmen View Post
Smart Passive Income (the blog) has a particularly good selection of posts looking at market selection: http://www.smartpassiveincome.com/tag/niche-selection/

Are you specifically looking at just targeting your country, or would you consider targeting pan-European?
Really cool blog , tnx for the share
I have been looking at doing an ecommerce site or a review site for a few products within a niche recently as well. Still not sure how to go about it. The 1 product approach (say sell A.C as an Amazon affiliate) relies heavily on organic traffic I think so not sure it's the right path for me on the other hand if you go wide and set up a site with this plugin for example :
http://alipartnership.com/aliplugin/

You may be to wide spread. Would love to hear insights from experienced ecommerce site webmasters/pubs. If anyone wants to master mind ping me (:

05-31-2015 09:21 AM #4 affiliaxeguy (Member)

working on a wide spread of products from different niche is better in my opinion as that way you have better option of reaching a user that is interested in buying a certain product.
limiting your "inventory" only to 1 product approach will also limit your audience reach that will need/want this 1 product.

contacting your AM and request more info is always good, most of the time the network will be able to provide you with great data such as top Geo's, Top LP's, Best selling products (per Geo).
with this additional info you could minimize the amount of products and still have large selection of top selling products.

06-05-2015 05:52 AM #5 xckt56 (AMC Alumnus)

http://www.drewsanocki.com/how-to-bu...-in-18-months/

09-22-2015 02:32 AM #6 melntak (Member)

Find out what people are buying and then sell it to them. One tool I found helpful was Terapeak. Also looking at what items are in the top 100 for each category on Amazon, and items that are 'hot' on Ebay. Also, Teespring was very good at revealing passionate niches that buy - take a look at some of the top shirts.

I have a test store for potential products, and will create fully developed stores for products/niches that are proven winners. Hope that helps.

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