How to Know if You’re Entering a Viable Niche

They learned – after a lot of trial and error However, just having a large number of competitors isn’t the best denominator – so I suggest you go a step Azerbaijan Phone Number List further in your investigation . Twitter feeds to see what they’re doing in the world out there. Are they selling higher-priced products and services? Or all the discounts? If you think prices are high, then you know for sure that there is a market — and a high-priced market too. If these high prices persist over the years, you’ll know that a particular niche is sustainable. This is not an easy way . You look at it from the outside and it’s hard to know for sure that there’s a profit in the business. But you can be fairly certain that if you find a lot of competition for your topic, you see the niche as profitable.

This Is How I Entered the Market

Generally, the higher the competition in the market, the more viable the product or service attached to it will be. If TV is flooded with reality shows, you’re going to make the other a better — yes, the other — reality show. When I got my marketing journey started, people like Jay Abraham were selling seminar seats I can see that people are selling products online and selling offline – and expensive money too. Price is a good benchmark High house prices show not only the existence of the market, but that it is a mature market. And high prices also allow small players to coexist. If everyone is discounting each other in a tiny market, it’s going to be hard for you to make progress. But if there are a few tiers of pricing , it’s a lot easier to get you into a niche and slowly power your way up the ranks.

The Answer Must Come From the Market

Azerbaijan Phone Number List
Azerbaijan Phone Number List

If everyone is discounting each other in a tiny market, it’s going to be hard for you to make progress. But if there are a few tiers of pricing , it’s a lot easier. To get you into a niche and slowly power your way up the ranks. But what if you don’t want something to go with the flow? Don’t want to be a lemming? It’s noble , but trailblazers always take all arrows . Pioneers are about educating the market – and that takes a lot of time and effort. It’s much better to go with the flow (read: competition) and start there. But then you carve out a position to do your own thing in the market so you can build an audience that will support the business. Start researching your niche today and place a premium look into the competition. This may be the smartest marketing move you’ve ever made.

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