• Visit the supermarkets and other wholesale shops and observe their stocks keenly. You will notice that some other brands or products are stored in large quantities and others in small quantities. Those stored in large quantities means they are mostly purchased, therefore if you were to start a business opportunity consider those products that are mostly purchased.
  • Interview mostly friends, family members, neighbors and all the people living around the region. They will give you information about the things that are mostly purchased or lack in the market, with this information you will be able to identify the available niche in the market. Your business will have nil chances of failing because you are assured of customers.
  • Visit the markets during the market day and observe what people purchase most, you will find there are certain products that almost everybody who comes to the market tends to look for. You will just find a niche that paves your way directly into the business that will make people wonder how you knew the trick of starting the business.
  • You can also visit the retail shops and befriend the shop attendants and cashiers and ask them about which products or items that many people ask for but are not available. Visit many as possible and collect adequate information. You will be able to know which products are on demand but are not available at the moment in the market you will enter the market with the right product to sell and make your business prospers with little time possible. You will be making huge profits because you sell the products that many people require it.

These are some of the ways that will make you determine some of the most purchased goods. With this knowledge identifying the niche in the market will earn you profit. To identify a market niche or business opportunity, you must be able to identify what people in the region lack or likes most.

Latest Technological Gadgets.

Research has shown that many people in the world tend to buy things that are recently made. Some of the commons things that many people buy include:

  1. Phones
  2. Television
  3. Cameras
  4. Cars
  5. Motorbikes
  6. Lighting system

Music systems. When they buy these products they look for the latest ones that have many advanced features and work well than the older ones, therefore, you selling the older products will make you have fewer customers or even lack customers completely. Many people don’t prefer the older ones because when they have problems or defaults it is difficult to find the spare parts or are expensive. Also, older versions of the same product might have less processing or operating speed therefore many people won’t prefer them. So when identifying a business niche or opportunity look for the products that are latest and are efficient in their working. You will have many customers even you won’t believe your eyes.

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C-Lab Premium
There is a lot of great information in this article Sam!
You're really honing in on what makes a niche profitable and worth while!
Great post, thank you for sharing it with us, I appreciate it!
tburch17 Premium
You added to my WA education, especially by opening my eyes to the opportunities all around us. Thank you and Happy New Year!
AmazeCPS Premium
Thanks and Happy new year you and your family too.
Jadatherapy Premium
Thank you for sharing you have given me some great ideas

Here's to making it happen in 2019

All the best
For a happy and successful New Year
AmazeCPS Premium
thanks and Happy new year you and your family 2019
Jadatherapy Premium
You are most welcome and thank you

Thank you for the niche training, Samantha

Happy New Year 2019🎆

AmazeCPS Premium
Thanks and wish you Happy New Year 2019 you and your family
lesabre Premium
Thank you for the share