Enhanced Prompt for Evaluating Niche Scalability

Category: Ebook Writing
Subcategory: Niche Selection

Prompt:

"Design a comprehensive guide to evaluating the scalability of a niche, with a focus on its potential for expansion into related topics or sub-niches. Your guide should include actionable steps, industry best practices, and clear deliverables to help businesses identify and capitalize on scalable niches.

Objective:
Your guide should enable readers to:

1. Define scalability in the context of niche selection.
2. Identify key factors that contribute to a niche's scalability, such as market saturation, target audience size, competition analysis, and customer lifetime value (CLV).
3. Conduct a thorough analysis of related topics or sub-niches to determine potential for expansion.
4. Develop a strategic plan for scaling the chosen niche, including actionable steps for growth and diversification.

Deliverables:

• A detailed scalability assessment framework.
• A market analysis report for the selected niche and related topics.
• A strategic plan for scaling the niche, including actionable recommendations.
• Key performance indicators (KPIs) for measuring scalability, such as customer acquisition cost (CAC), return on ad spend (ROAS), and CLV.

Industry Best Practices:

• Utilize tools like Google Trends, SEMrush, and Excel for market analysis.
• Apply the 80/20 rule to identify high-potential sub-niches.
• Conduct a competitive analysis to understand market saturation and competitor strategies.
• Use customer surveys and CLV models to assess niche sustainability.

Quality Expectations:

• Ensure accuracy and relevance of data sources.
• Use industry-standard terminology, such as customer acquisition cost (CAC), return on ad spend (ROAS), and customer lifetime value (CLV).
• Provide clear, actionable recom