4 ways
to choose
a business niche

• From employee to entrepreneur

  • You can do everything yourself

  • You know the market

  • Relationships

    • Partners

    • Suppliers

  • Easily build up a customer base

  • See competitors' mistakes

• Choose with your heart

  • Hobby

  • Can it become a dream job until the grave or at least for a couple of years?

  • Make a business plan

    • Demand

    • Marginality

  • Have to do boring things too

    • Reduce production costs

    • Saving on materials

• What is a niche

  • A niche is a small market segment with limited supply and demand

  • It always has individual demand from small groups of customers

  • It is a fishy place where you overtake your competitors and catch customers

  • For example

  • YouTube

    • Billions of viewers on a wide range of themes

    • Video production is a market segment

    • And business videos are a niche

• The right niche

  • is an entrepreneur's treasure trove

  • Criteria

  • Demand

    • Large

    • Stable

  • Margin

    • High

  • Competitors

    • Not doing well

• Choose wisely

  • Find niches with good start-up conditions

  • Low cost of goods

  • Contractors without customers

  • Franchise

    • Good conditions

    • Demand

    • Check the frequency of search queries

      • • price
      • • buy

      • + order

    • No good franchisee in the region

  • Take note

  • Weak competitors

    • Unsuccessful website

    • Bad reviews

  • Trading on the marketplace 

  • Promotion price

• Lucky ticket

  • All 3 paths converge

  • Hiring experience

  • Love what you do

  • Niche opens up prospects