Assessment

Competition

Profit Margins

Operating Costs

Demand

Expansion Potential

Market Growth

Analysing Competition

Competition

Competition Reality Check

Choosing a Profitable Niche

The tools to help you choose your niche

SimilarWeb

This tool can be used to analyse competitors for the following reasons.

Some of these links above are set up as affiliate links, but they have been chosen because of their usefulness and the high quality of them

Customer Demand

Demand

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Profitability & Revenue Model

Profitability

Startup & Operating Costs

Costs

Growth Potential

Expansion

Market Conditions

Growth

Get good at these for success

Must-Have Skills

Blue Ocean Angles

Blue vs. Red Ocean: a blue ocean is an untapped resource

Low-Cost Validation Plan

Go-To-Market Strategy

Financial Management 101

Success Example

Our Verdict

Very important to note however, that with the right angle, and serving customers with something they need and don’t have better alternatives to, can be made to work.

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How to Start a Successful Meal Prep Business

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DEFINITELY USE THIS

Choose the right niche

You should spend a lot of time identifying a niche that has low competition, and high traffic or demand. That’s the ideal combo.

ALL YOU

OUTSIDE HELP

Register your domain

Easy and fast, but always a slight cost. Ideally, either create a memorable brand using .com if possible, or include the keyword people will search for in your domain.

Launch your website

Starting from scratch? Templates can help you launch faster and avoid design headaches — most builders have plenty to choose from.

Enroll in a course

Sometimes investing in the right course up front saves you thousands in costly mistakes later.

Now, you’re up and running, here are some helpful tools to get
you customers

Get leads

Learning how to consistently attract customers is a game-changer. It’s a process worth getting really good at.

Email prospects

Email isn’t dead — in fact, it’s often more effective than social media for building trust and getting responses.

Social Media

Whether it’s TikTok, Instagram, or LinkedIn, tailor your outreach to the platform your customers actually use.

This IS NOT necessary for starting your company. But you can use
these parts later.

Register Your Business

Freelancers can usually start earning right away — registration isn’t always required upfront, and it's simple when you're ready.

Create a Logo

You don’t need to design a logo to get started, just use a flashy font to save time. But when you’re ready, these will help.

File Your Accounts

If you’ve formed a company, you’ll need to file accounts — but don’t worry, affordable experts on Fiverr or Upwork can handle it.