Most especially things that an individual will still gladly do with or without being paid.

  1. Look out for problems in society.

The easiest way to make money as an entrepreneur in society is to proffer solutions to existing problems in the society. The entrepreneur can search for problems to be solved in areas of their interest. To determine problems in areas of one’s interest, the entrepreneur can have an online or physical interview or conversation with customers in that market to discover their challenges and how such problems can be solved. Also, internet communities of such a niche can be perused to discover problems people face in that area.

  1. Determine available competition in that niche

Proper research in details has to be carried out to ascertain the available competition in the market. The strengths and weaknesses of the competitors have to be put into consideration as well. If the competitors offer low-quality products or content, there is a chance that an entrepreneur can thrive in that niche if they perform better than their competitors.

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Parameter Premium
Niche selection can be a little challenging, but if we put our point of interest, check problems we can solve and also find a point where competition is not tensed like you pointed out. One will select a market where you can create content and also do well.

Ayodeji
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wesley26 Premium
Great and good guidance. Just a note that all points are coming as number 1. Plz check. Thank you for sharing this info. Good one!!
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emimos12 Premium
@wesley26
I appreciate your comment. Passion is very crucial, there is also a greater possibility that a person will put in maximum effort in a business they are passionate about compared to a niche with less interest. To easily identify one passion, a list of things the entrepreneur enjoys doing, reading about. Thank you
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