• Finding profitable market niches by utilizing various online tools

  • Dec 6 2024
  • Length: 12 mins
  • Podcast

Finding profitable market niches by utilizing various online tools

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  • Summary

  • This YouTube video details a step-by-step method for finding hidden gold mines, which are essentially profitable business opportunities, within Reddit. The speaker begins by explaining the concept of niches as groups of people sharing a specific problem or need. The method then proceeds with a series of steps, starting with research and discovery, where tools like ChatGPT or Claude are used to generate relevant keywords and identify hidden subreddits. Subsequent steps involve validation using tools like Subreddit Stats to check subreddit growth, Amazon Books to assess existing market demand, and Google Trends to analyze search volume. Finally, a deep analysis is conducted using Gigabrain for Reddit post insights, Meta Ads Library to explore active advertising campaigns, and EXA to gain understanding beyond keyword-based associations. The video concludes by highlighting the importance of identifying market research studies and recommending a follow-up video by Greg Eisenberg on Reddit unbundling. The overall purpose of this video is to equip viewers with a practical framework for identifying profitable niches and generating new business ideas within the vast landscape of Reddit.

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