moonchild
VIP Contributor
A lot of online stores nowadays focus on selling everything from the onset with lofty dreams of becoming the next Amazon.
There's nothing bad in dreaming big but often times reality can be daunting, that's where niching down comes to aid.
As a new online store without much customers you'll have more probability of success if you're known for one thing alone.
- You'll have a targeted customers that you'll be targeting and advertising to, which makes marketing easy and effective.
- Helps in monopoly for your niche, if you focus on one product, it'll be easier to monopolize your niche and also to stand out.
- Competition is less stiff, because you're not competing with the big companies, with patience, scaling becomes possible.
There's nothing bad in dreaming big but often times reality can be daunting, that's where niching down comes to aid.
As a new online store without much customers you'll have more probability of success if you're known for one thing alone.
- You'll have a targeted customers that you'll be targeting and advertising to, which makes marketing easy and effective.
- Helps in monopoly for your niche, if you focus on one product, it'll be easier to monopolize your niche and also to stand out.
- Competition is less stiff, because you're not competing with the big companies, with patience, scaling becomes possible.