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How To Select A Niche For Building A Site?

Hello Guys,
I want to create a niche site for earning revenue from adsense and affiliate marketing. But, i am really stuck at this initial process for selecting a niche. I tried some ideas but all of them are showing a lot of competition and very low commercial potential. I really need help at:
– How to find a good niche?
– Can i find good ideas online? How?
– How to check if a niche is profitable and high converting?
Please guys help me out. That will really be appreciated.
Thank you 🙂

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