DFAB How to identify the right niche? Is my niche correct?

What does it take to select the correct niche and be successful in it?

Follow the DFAB method

D- Demand

Analyze the market and ensure there is sufficient demand for your product or service.

The best method to analyze the market is to

1. Identify the problems and challenges in the society or community and find a way to resolve it.
2. Think of any cumbersome task and find a way to make it easy and simple.
3. Think of any transaction that is ambiguous and make an effort to regularize it.

F-Features

1. Include the importance of need vs want or must have and good to have
2. Make it simple and easy
3. Make people dependandable

A-Advantages - Competitor comparison

1. What will keep your product / services on top
2. What will make people keep buying your product / services
3. Answer all possible whys?

B-Benefits

1. Have solutions for possible repercussions
2. Create a long term relationship
3. Make them your brand ambassador.