If you are reading this article, you may have already asked yourself that question a number of times and still not found the answer. You've probably gone round in circles and up enough dark alleys to wear your shoe leather out! For those who are fed-up of always looking and never finding, here's a simple solution to end all that misery, so find yourself a pen and paper and let's get started!
If you are undecided on the right business, hunker down and do some simple research. Before you start, consider using the following as a template to help you examine the niches you are interested in:
1) Jot down the name and web address of the business so you can find them again quickly.
2) Write down what appeals to you and why you would like to have that particular business
3) Rate each business and give it a score out of 10
4) Jot down what training comes with your business package
5) Jot down the cost of the business
Having set up your template, Google anything that sounds interesting to you. Once you have exhausted your ideas, type in other titles like "Ten Best Online Businesses" or "Top Three Internet Jobs" or any other similar headings that come to mind.
BEFORE YOU START clicking on the links, make sure you use the template for every webpage you visit. By the time you have finished, you should have a comprehensive list of online businesses that appeal to you. You are aiming for a list of 15-20 ideas, so you may want to take a few days to avoid added brains.
Once you have a good sized list, can you spot any common running through your notes? You may see a trend towards one particular type of business over another, so that is providing some good guidance. At the end, you will be left with some carefully recorded research notes to keep and not only add to, but also time and again as you make your decision. You will never have to spend that time researching 'lost' niches again, because you will have all the information at your finger tips.
If you are completely new to the online business world, do not forget to also note whether your business comes with a website already set up, or whether you will need to build one from scratch. You need to factor in some training to help you master the technical issues.
Do not forget to take into account the most important aspect of your business, which is the marketing or selling of your product. Does it already have a strong brand name, or presence on the internet? Whether yes or no, you will also need some new skills to help you with marketing to be easily found by your customers.