Lets start this:

1. Go to : https://adwords.google.com/select/KeywordToolExternal

2. Type anything in the “Word or phrase” box, solve captcha and click search. (Don’t change any options!!!)

3. Set options located in the left column down the center of the page as follow :

4. Now its time for finding some niche ideas.

To do so you need some brainstorming.

I have a couple ways to find base keyword :

A – look around the place you are in. If you are in the room pick first thing your eyes stop on.

B – go to http://en.wikipedia.org/wiki/Main_Page and pick up few words from articles that are English words.

Find niches where you can make money. Look for keywords like “Make money online”, “Incentive”, “Loans” etc – options are unlimited.

If I choose option A first thing my eyes stop on was a candle.
It was scent candle but we need to go as basic as possible, so we will just stay on “Candle”.

Type “Candle” in Google adwords tool and click search.

On the top of results click on “Global Monthly Searches” option as shown below:

Now all results are sorted by popularity of search.
My first result is “Soap” now. I don’t know how is this to candle, but thats not the issue.

You need to find untouched keywords now. Scroll down and look for competition column. You are looking for low adwords competition keywords.

My first low competition keyword is:

“Gold Canyon Candles” :

14.800 exact monthly searches.

Thats a nice niche.

Let see if there is competition. After typing “Gold Canyon Candles” there is 5 websites targeting this keyword in which 4 of them are producer and owner of brand. That means competition is tough here.

Lets move forward.

Next niche is :

Lets look up competition for “How to make candles” :

What we see here are some blogs, inner links and no exact domain name website.

None of them are directly promoting making candles – its time to change this.

Domain names under “Howtomakecandles.com” and others are taken, so buy “Howtomakecandles2k.com” – 2k ending is favorable for Google.

Here you go – first niche in difficult Candle market.

Other niches I came out within 2 minutes :

Base keyword :

“How to make money”

Niches :

How does Facebook make money – 14.800 exact
How does Google make money – 5.400 exact
etc….

So now you see possibilities are limitless – you just need base keyword and Google will help with the rest.

And don’t worry if you cant find any niche at the beginning.
Try to target some low profile base keywords like:
Cabbage, juice, butter, tree, mirror, valve, James etc…

Imagine using this for autoblogs! 1000 highly targeted easy to promote blogs making $$ a day each!

Good Luck!