What is a niche market: Definition – a specific part of a market one is special skill and specialized on , thus concentrating more effort on a small but specific portion of a market which has an average amount of consumer, see also 5 other definition of a Niche Market.
What Is a Niche Market
A Niche as Defined by the wikipedia isis the subset of the market onwhich a specific product is focused (en.m.wikipedia.org/wi…….)
A Niche market is an ambigous statment and has no definate defination as each idealogy explanation of a niche market tells the same process.
which include :
firstly if you want to start a niche market, you need to give it a guess, what market you could find your self profiting from, not necessary require you been an expert on the field of study, but you having a slight basic knowledge of the niche.
lets same black co-operate male shoes is your area of specialization according to your hypothesis, you need to make broad base analysis on how far you might survive from the little customer who would buy the black cooperate shoes so as not to run at loss in your market. loss in a way stacking your investment and high hope for long time with no profitable gain in a given period of time
giving it a monopoly try
so many who entered into a niche market never saw there sucess coming the way it did, trust me they followed the above process, all they did was had an ideal, they could contact third party merchant who could help them make broad based analysis for a cheap price of say 5 dollar at fiverr.com.
so what are you waiting for give it a try , if you don’t know where to start from , start from here >>>Start a Niche Market Here