Market Research

What kind of Market Research that we need to start a business in the internet? At least 4 steps that you have to follow in order to make sure we do successful business in the internet:

1. Firstly, you need find a market that spends money
2. Then you need find out what they want and give it to them.
3. Developing the product
4. Sell the product

Several things can be done in the Market Research such as:

1. What Trends and Current events in the real world
2. you can read several newspapers, many magazines, both general and niche-specific
3. watch the news and listen to radio
4. If we have several broad ideas to research it would be good if we can look deeper.

There are a lot of places online where you can do your market research for free, I will explain in only few tools for market research that I think it is very useful:

1. Google Zeitgeist http://www.google.com/press/zeitgeist.html 
   this tool will give you what is the hottest trends in US or around the world.
2. Other tools that similar with Google Zeitgeist are :
   -Yahoo! Buzz  http://buzz.yahoo.com 
   -  eBay Pulse  http://pulse.ebay.com
   -  Lycos Top 50  http://50.lycos.com

 With the tools above, you can find your Best Niches in which to market a product or service. You also can check out the sub-niches in http://pages.ebay.com/sellercentral/hotitems.pdf

After we find the some potential sub-niches to work with, we need to see how much of a market there is there. Please remember, just because a sub-niche is popular doesn’t mean people spend money on it.

We can see more detail in sub-niche in Amazon http://www.amazon.com because It is a great place to see what currently exists for any given sub-niche. The more books there are written on that subject, the more that market spends on those topics.

So in the summary, with those tools above at least we can suspect:
1. This sub-niche may be targeted enough
2. This sub-niche may spend money

Good News! , there are some Free tools for you to do market research :
1. In Google, we can use  http://www.google.com/trends or
    https://adwords.google.com/select/KeywordToolExternal

This is very good tool from Google, that with the certain keyword (niche) we will know the searches that have been done in a specified country and city.
2. Yahoo also give us the Free tool in overture in http://inventory.overture.com/d/searchinventory/suggestion/
3. the other tools is wordtracker you can visit http://www.wordtracker.com/