Everything You Wanted to Know About Money-Making Niches - But Were Afraid to Ask!"Niches are like bathrooms; you never notice one until you need it!" -Primm
1. What is a niche? A niche fills an unmet customer need. Niches are at heart of every successful industry, business, product, or service.
Niche marketing is opposite of mass (general) marketing. It targets specific people with specialized needs.
Niches build industries, businesses, and jobs.
Having a niche is only way to eliminate competition.
2. Why are niches so important? Niches fill specific customer needs that have been ignored, overlooked, or neglected by others.
The ability to create a niche is quickest way to financial success.
The ability to create a niche levels playing field - if you have little money, zero connections, or no experience.
The highest paying skills are ones that focus on a niche segment of their industry, rather than mass (general) market. People who specialize are paid most.
3. How Can I Out-Niche My Competition? Make it convenient for your customers by learning how to create a niche? Then you'll make it more inconvenient for your competitors to compete with you. Don't just wait to find a niche, create one! That's key.
There are always prospective customers that you or your competitors have never seen. The first one to create a niche that appeals to them - will win them.
Increased profits are waiting for person or business that can create next niche in their chosen industry.
People want products and services that cater more to their personal needs. The person or business that can be first to cater to these specific niches (needs) will win this new breed of customer.
Focus on what specific niche you can fill or improve on that others won't, can't, or haven't filled yet. This could fling you ahead of your competition literally overnight, before they know what hit them.