Monday, September 28, 2009

How do you exploit a Niche Market?

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.

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.

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.
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  • usse it.
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