How do you exploit a Niche Market?
Say you are targeting a Niche Market, how would you exploit it?
Hope that makes sense.
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.
Public Comments
1. 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.
2. usse it.