Choose which industry suits you best
You should make a list of industries that you think may be good for you. You can also make a list of industries in different categories like fashion, politics, sports, business and finance, entertainment, Internet (marketing, SEO, content writing, etc), consumer goods and others.
This is one of the most important factors as you should know which industries are more competitive and which are less. This will help you make categories of your target market in a better way. For instance, niches that cover sports are usually highly competitive and it will require you to put in a great effort to reap profits.
For a newbie, things can get a bit messy if the market size is big enough to tackle. For instance, competing in news industry will take a lot of money and resources. Building a website and blogs can be done with limited cash, but maintaining the site on a regular basis will take a solid team, realistic financial projections and enough cash. So making money in the news industry is not easy. Gauge other industries with the same yardstick.
Assess which products are exchanged frequently on the Internet.
After you have made a list of different industries, try to search the related keywords of these industries and check the CPC numbers. You can Google keywords tool for this task.
Use Google Trends
Google trends can be pretty helpful when it comes to finding what keywords are most common among the users.
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