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Post by account_disabled on Aug 30, 2023 5:41:56 GMT
Addressed to a small committee of people linked together either by profession, geographical area, style, age or even activities and habits. The market structure is characterized by a small number of suppliers, which implies that there is little competition. The niche market is considered profitable provided there is sufficient demand. Different characteristics can define this type of exchange. The same product can exist both on a mass market and on a niche market. For example, car cleaning is practiced in a large market, but dry cleaning, which is more ecological, specializes and becomes a niche market. Another example: If ready-to-wear UK Mobile Database is a mass market aimed at the greatest number, more specific clothing can constitute a niche. We find there those participating in the clothing of Gothic communities or the “vintage” specificity. The advantages of a niche market The advantages of entering a niche market will be less competition and the possibility by resonance of making higher margins. Specializing allows you to be closer to the sometimes unsatisfied needs that can be found in a sector. You have to be where the most influential competitors are in inertia or unable to offer a service or a product for the public concerned. There are still quite a few ideas for which there is still a high potential clientele. +250,000 freelancers available on Codeur.com Receive free quotes Fast, free and without obligation The beliefs of niche markets There are beliefs that a service or product that hasn't been brought to market before would not be a good idea or would be unprofitable.
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