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For example, what about a community site based on the town where you live. Say the town has 10,000 people. This could be a nice little niche if there are no other web sites dedicated to this town... but might not generate much traffic?
Thanks
Once you have your target projections, figure out roughly how much you can make per visit, or visitor per year, or whatever makes sense in light of what the site offers.
Multiply. Decide. ;-)
P.S. If it's not that much, but it could be replicated again for the town next door, and so on, and so on, and so on ... then you've got something.
If you see resources that look so good you don't see how you'd improve upon them, you probably won't ... and in that case I might look elsewhere.
That's my gut test anyway. Then again, I've never seen a category that couldn't be improved upon. ;-)
You can look at a market and see barriers, like the O'Reilly sites and Sun (sorry if that's inaccurate, I know nothing about Java, but just as an example!).
Or you can look at the market and see opportunities and specific aspects that you may be interested in, like the use of Java in mapping technology, accessibility problems, connections to other technologies, etc. etc.
You have to work back wards to see if their is any potential
for any reasonable amount of monetization.
My guess would be no. Probably take a town of 50 to 100 thousand
to make a go of it.(maybe more)
That being said you never for sure. I've been wrong before.
I think the last time was August of 1989.
Because of the domain name, it makes no sense to extend the focus of the site.
Lesson learnt: Choose a domain name and theme that allows the content to be constrained to a niche, but keep in mind that one day you might want to widen your content.
seems like it might be a better idea to start with something that could potentillay interest a a huge amount of people on the web (like HTML)... and then focus on a small chunk of that such as just the <TD> tag. that is a pretty bad example but you get the point.
For example, do NOT use the small town's name in the url and propose a project that is not limited to a small geographic area - do start small, but keep in mind that you want to grow over time. Avoid barriers for the future.
If you are too concerned about very few people in the town or niche , start a adwords campaign and ask the people to reproduce at faster rate and niche would have lots of users