How to research a niche market spot!!
I'm always aware of trends and current events in the real world. I read several newspapers each day, many magazines, both general and nichespecific, I...
Top > Niche marketing
A niche market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. A niche market may be thought of as a narrowly defined group of potential customers. A distinct niche market usually evolves out of a market niche, where potential demand is not met by any supply. Such ventures are profitable because of disinterest on the part of large businesses and/or lack of awareness on the part of other small companies. The key to capitalizing on a niche market is to find or develop a market niche that has customers who are accessible, that is growing fast enough, and that is not owned by one established vendor already.
I'm always aware of trends and current events in the real world. I read several newspapers each day, many magazines, both general and nichespecific, I...
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