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How Do You Choose The Right Kind Of Business Niche?
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[QUOTE="Jasz, post: 219481, member: 61772"] [B]How Do You Choose The Right Kind Of Business Niche?[/B] Before getting into the nitty-gritty of how to pinpoint a niche, it's important to take some time to consider what makes a good business niche. A good niche is one that can sustain your business while not being too small or too broad. You don't want to choose a niche that is so niche that you are the only one in it, but you also don't want to choose something so large that there are hundreds of other companies in it competing with you. Instead, think of your product as an entry point into a category. That way, if you need to change your product later on down the line you can. For example, we started off making snapback caps for our clientele of dog lovers. After a few months, we noticed that most of our cap sales were coming from buyers who had no connection to dogs at all. From here, we branched out into making clothing for people who loved dogs and people who hated dogs alike! Don't be afraid to try new things and pivot as needed! [/QUOTE]
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How Do You Choose The Right Kind Of Business Niche?
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