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Are you planning to start a new business? If so, you have probably asked yourself which field or industry should you choose. The answer can be dependent on your own hobbies and expertise, or it could also be about the current market and trends rather than your own interests. For entrepreneurs, this ‘How to Find Your Niche Quiz’ will help you pinpoint exactly which niche best suits you.
How to Find Your Niche Quiz
#1. When thinking of a business idea, you first consider:
#2. How do you prefer to spend your free time?
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#3. How do you prefer to choose your projects or business?
#4. Choose an activity you enjoy the most:
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#5. What motivates you to work on a project?
Results
Passion-Driven Niche
These results indicate that your business interests and inclinations are closely aligned with your personal passion, hobbies, and areas of expertise. This means as an entrepreneur your focus is turning what you love doing into a profitable venture.
Here are examples of passion-driven niches for you:
- Pets
- Sports
- Gardening
- Cooking
- Art & Crafts
Market-Driven Niche
This result means that you are more interested in finding the gaps in the market or riding the wave of a new trend. This means as an entrepreneur you value market demand and profitability over your personal passion.
Here are examples of market-driven niches for you:
- Home Office Products
- Health & Wellness
- Sustainable Products
- Tech Gadgets for Daily Life
- Educational Toys for Children
Understanding Results of How to Find Your Niche Quiz
You can either be passion-driven or market-driven, and based on those results you can find out your niche.
Passion-Driven Niche
If you are passion-driven, then try to look for your own hobbies, interests, and the things you just love doing. It could be as simple as baking, or styling your own clothes. Whatever it is, it will be better for you to choose a niche that suits your personality than what the market dictates.
Market-Driven Niche
If you are market-driven, then try to look at the current trends and market gaps. You can do this by researching keywords, search engine traffic, social media accounts, and online communities. Some examples are products that have specific uses such as home office or tech gadgets.
However, a niche should be specific enough but at this stage of your research, you first need to understand where and how to look for that niche. So, here are more steps to narrow down your quiz results.
Related: What is Your Perfect Career Based on Your Personality?
Steps for Making Your Niche More Specific
To find a more specific niche, do these steps in succession. Although, you can always do a trial-and-error run if the business will not require a lot of your time and resources. But if it does, then these steps are even more crucial.
- Research: After knowing yourself based on the quiz above, the next thing is to research more about either yourself or the market.
- Self-Assessment: Then assess yourself even more, do you think after 1 year, 5 years, or even a decade, would you still want to be in this niche?
- Test and Feedback: People change, markets change, and businesses change, it is okay if you decide that the original niche you chose is not for you and change it.
- Adjust and Focus: The world of business is full of ups and downs, learn how to adjust your strategies and focus on what is working.
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About the Quiz
The quiz above is just a fun and engaging way to know how to find your niche. In reality, it will require more research and a bunch of trial and error. You might think that one niche is for you then after a few months you can change your mind. That is why the key is to find out what drives you to start and continue a business.
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