Niches are formed in a group

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Yes, luck plays a certain role in business, but statistics and preparation are still more important. The concept of a market niche What is a market niche in business in simple terms? It is a favorable industry group for an entrepreneur, which best meets the needs of people, and also has low competition. The concepts of a niche and an industry group are similar in meaning. The difference is that a niche is a small part of an industry with low competition.


of the industrial market. . For example, the light industry market is an industry mom database group, and fabrics, footwear, and clothing are narrow niches that have their own consumer, volumes, and sales periods. The business niche is characterized by : the ability to provide a specific range of services and produce the required volume of goods, while having a personal target audience; stability and small market capacity; the ability to withstand competitors or the lack thereof; obtained by connecting several segments.


Obvious and non-obvious niches Niches can be obvious and non-obvious. Obvious ones are simple goods and services of mass consumption. Invisible niches are engaged in the production of goods of narrow profile consumption, for example, raw materials or components. Let's discuss the pros and cons. Obvious niches It is easy to build your own business on production or sale of goods in demand. The objects around us: books, equipment, clothes and others find their consumer more easily.