Not all niches are good niches
Thanks for your contribution... But I disagree, not all niches are good niches. For one thing just because there's a lot of competition for a keyword phrase does not necessarily mean a lot of people are searching for information on the topic.
For example, underwater basket weaver is a popular saying that people use. It probably doesn't translate into a real interest for a product that people would be willing to purchase.
Another example of a bad niche to create a product for would be a niche that has plenty of free information like recipes. Most likely if you create an online recipe book it would not be purchased due to the large amount of free sites dedicated to recipes. Now, if your recipe had a unique twist it may sell, but the point is not all niches are equal.
Myspace is a niche that I started targeting in 2006 for an ebook and resource site. The major problem with that niche is it served a primarily young demographic who were:
A. Unwilling to spend money
B. Unable to spend money (or possibly just didn't want to)
This led to a huge amount of problems with monetizing my Myspace resource site as well as a shift in who I targeted my product to. Myspace has since gained a wider variety of users. However at the time it was quite frustrating to make less then a penny a click for Adsense revenue and receive hundred of visitors and litle to no conversion rate.
At any rate you get the idea that more important than the number of people competing for a keyword phrase, there needs to be a demand for a product from people who are both willing and able to purchase it.
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