Resolved Question
How do you exploit a Niche Market?
Say you are targeting a Niche Market, how would you exploit it?
Hope that makes sense.
Hope that makes sense.
Additional Details
Once you've found the Niche Market, is there a way of maximising profit.
Would you charge more because very little people supply the product you sell for example.
Would you charge more because very little people supply the product you sell for example.
2 weeks ago
Best Answer - Chosen by Voters
Yep, makes perfect sense.
Its really, really simple too.
A niche market is something there isn;t necessarily a product to fit into. For example, a group of fishermen who would like some special instant-fish cooking box. Exploiting this niche is a simple matter of providing that magical fish cooking box.
To exploit a niche market is simply to provide a specialist product, usually one that will only sell in that little market.
Its really, really simple too.
A niche market is something there isn;t necessarily a product to fit into. For example, a group of fishermen who would like some special instant-fish cooking box. Exploiting this niche is a simple matter of providing that magical fish cooking box.
To exploit a niche market is simply to provide a specialist product, usually one that will only sell in that little market.
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