Chapter 1 - What is a Niche Market? - Are You In It To Win It

Much more straight-forward is the profit model with a product. One of thebenefits of selling something yourself as opposed to advertising forsomebody else's sales is that the ads will only dribble in tiny amounts ofchange at a time, even if you're getting thousands of visits, where theproduct you sell makes profit you don't have to share. That's because the adrevenue is just a percentage of the target's sales - and there they are,selling a product just like you could be doing!If you have any kind of creative talent, be it in writing, drawing, animating,or design, you know what a bonus it can be. For the rest of us, there is theoption of paying a talented freelancer to create our product for us.All through this book, I've been suggesting different products that can besold to your niche market. When it comes to niche markets, the productsyou will be selling will most likely satisfy one of these needs:15. A tool or utility - special hobbies and interests sometimes requirespecial equipment.16. Information - guides, tutorials, and educational content of all kinds, tobe sold in ebook form.17. Entertainment - your own comic book line, or a video game with theniche theme.18. Novelty - the huge market for items with which to proclaim your nicheinterest to the world. So there's the T-shirts, coffee mugs, calendars,etc.Niche markets and the Novelty Item