How to Reap Profits By Filling An Underserved Software Niche

There are millions of search results for virtually every common search term. Being a creative entrepreneur you realize this. Despite the predominance of software availability, the vast majority of software is for a broad audience. By narrowing the focus of your software, you can begin to find a niche.

Niche products are one of the fastest growing and arguably most viable forms of software for small and medium sized businesses and programmers. In comparison to niche software, the majority of larger businesses are fighting for a slice of the user pie with most high dollar non-niche software projects. The fact that a lot of the best talent and best financed projects are devoted to often tedious endeavors is the sole reason that a targeted audience provides such wonderful and unprecendented opportunities for creative individuals interested in exploring niche software projects.

Niche products are discovered through a process of identifying the needs of uncommon customers. There’s a niche for virtually any hobby and or interest – with niches in scrapbooking, dog grooming, educational software, and far far more. The tricky thing to making niche software profitable, lies solely on a combination of market research (ie: identifying a need) and software functionality & marketing or more commonly known as having your solution available for the target niche.

One of the most common techniques to discover niche software openings includes taking a notebook or digital camera along with you wherever you go. Chances are, anywhere you go will be using a niche product. Smaller scale grocery stores, TV repair shops, restaurants, virtually anywhere you can gain public access to is a potentially profitable niche market for your software. Additionally, virtually anywhere you can’t gain access to is a niche market.

If a company can afford a gate guard, chances are it can afford a niche product to help meet their software needs. Examples of niche software markets available that are generally inaccessible to the public include factories, the government, night clubs, and many more. Perhaps your breakaway niche product will be a software to help a bar keep up with liquor taxes, or maybe it will be a tailored redistributable cd for a dog groomer to give clients. Maybe you’re looking for an online niche. There’s plenty of sites that have been opened by niche-exploiting entrepreneurs including optimized search engine sites, dating sites, auction sites, etc.

Back in it’s hay-day eBay was actually started as a product to help locate Ty Beanie Babies for the founder’s girlfriend. Starting with a clever unexplored idea can be risky, but has the potential for nearly unbridled profit. Look at YouTube and FaceBook’s creators if you are still skeptical about the power of niche software.

Once you’ve selected and designed your project, it’s time to place it for maximal success. Often times deploying niche software can be a very basic process these days thanks to the advent of the internet. The smaller the niche, the fewer products available, and by default, automatically you have higher rankings for search terms specific to your project. Additionally, the internet software repositories such as simtel.net and tucows.com have search engines for software projects.

Harvesting the power of the internet, combined with visiting nearby agencies is a great start. Additionally, you never know what would happen if you tried contacting a corporate headquarters, or added a listing in targeted publications such as journals and newspapers. An additional way of placing your software project, as you begin to gain the necessary funds to market your niche software successfully is to attend local, national, or even international trade shows targeted to your software solution.

Finally, passing out copies of your niche software through the mail, or in person, or even donating shareware versions of your project to thrift stores can provide the crucial entry foothold towards recouping your costs and placing your niche software for maximum profit.


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