In the past I’ve done my fair share of niche marketing. Back in 2004, I was jumping into niche after niche trying to make a buck. Yes you can make money doing this but…. I’ve been there done that and it is a ton of work for a short term business. I no longer recommend it to anyone.

I did make good money jumping from niche to niche, but I’ve found there is way more money in fully developing 1 or 2 niches versus targeting 20 different niches. I therefore, favor finding 1 or 2 niches I am passionate about and digging deep to uncover all the profit opportunities. This gives me a huge edge over the competition and is by far the most profitable method I have to making money online.

Before you select a niche you will want to do some brainstorming about your interests.

Here are five cool places to uncover hot six figure niches.

1. Google Trends: This is a service provided by big Google itself showing online trends about any topic you want. You can either search for your topic or look at the hot trends section. You can also change the date range to see how any topic was performing in the past.

2. Flippa: This is one of the largest online marketplaces for buying and selling websites. On Flippa actual revenue and traffic statistics are published for sites being sold. If you find a site for sale in the niche that interests you, then review the statistics and how the site is making money. This will give you some good ideas on how much opportunity you could have in the niche.

With Flippa if a site is not making the type of money you think it should, don’t just assume there is no money to be made. Dig into the niche and see where the opportunities are and see if you can improve on them.

3. Ebay Pluse: Ebay is one of the largest consumer marketplaces online. With Ebay Pluse you can search by any category and quickly see what customers are interested in. You can also see who are the largest sellers for the particular category.

4. Dummies: Online information products offer great opportunity for finding a six figure niche. A great place to find a niche market for information products is to explore Dummies.com. You will find many categories of hot niche markets that are great targets for online marketing.

5. Paypal Shops: Tons of online business is handled over Paypal. Fortunately, with Paypal shops you can pick any category and see how many transactions any merchant has completed with Paypal. This is great to see where money is flowing and some of the results will surprise you. For instance, as of today BeyondBedding.com has made 139,890 transactions on Paypal. Who would have every thought bedding online is that hot.

Uncovering a six figure niche does take some work, but if you do your research there are plenty of opportunities online. Once you find your niche dig deep and uncover all the profitable opportunities. My guess is you will be much more successful with this strategy then jumping from niche to niche!