Ready to stir your brain and tickle your mind to get ideas and insight that can help you expand the horizon of your business reach? Then jump right into this week’s episode of Business Veda.
Today, we will talk about the much-hyped topic of ‘Creating your niche.
Unlike many corporations that cater to the masses, niche businesses offer services to highly specific markets that are overlooked or underserved. From organic personal care products to luxury apparel for pets - let’s deep dive into how having a niche can help you make a lot of money.
Your host Malay Damania is sharing how to win over your audience by creating a market strategy that is based on crafting a unique selling proposition, nailing down a specific business strength, and identifying the target audience
Malay shares these 5 tips to help you run a successful niche business:
Discovering the right audience
Discover the need
Know your customers
Make a business plan
Market your product to specific targets
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