The former Alaska governor told ABC News she was seriously considering running for the Republican Party presidential nomination in the next elections.
"I'm looking at the lay of the land now, and ... trying to figure that out, if it's a good thing for the country, for the discourse, for my family, if it's a good thing," Mrs Palin said in excerpts of an interview to air on December 9.
Asked whether she could defeat Mr Obama if she ran, Mrs Palin, who was the 2008 Republican vice presidential nominee, answered: "I believe so."
Mrs Palin, who left midway through her first term in office as governor of Alaska, has previously hinted at a potential White House bid but has yet to formally announce if she will run.
Even if she won the Republican primary, Mrs Palin would face an uphill fight in the elections, as she is not considered popular in the country at large and was found wanting on foreign policy experience during Senator John McCain's losing campaign for president.
Now one of the most popular conservatives in America, Mrs Palin solidified her life in the spotlight by launching her own reality show on Sunday, featuring her family fishing, kayaking, bear-watching and relaxing in their tiny Alaskan hometown of Wasilla.
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