Loading...

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 three paths converge

    • Hiring experience

    • Niche opens up prospects

    • Love what you do