I recently found a niche that has around 200,000 [Exact] Global Searches, no competition (the competition bar is empty) and around $0.90~1.00 AVG CPC and no, it's not related to movies. Would you guys say this is a good field to enter ?? Does the competition bar in Adwords toolbar actually indicate competition realistically?
I found a better one: "Google" has 55,100,000 exact searches with no competition bar. $3.11 AVG CPC I'm on to a winner guys!.