When does targeting a high competition niches makes sense?

The common sense approach to niche marketing is to find a niche where there’s not that much competition. You’re doing this not so much because you fear the competition, but you are trying to increase your chances of success. The best way of course to beat the competition is to just provide a better value than your competition.

In other words, you increase the level of value that your potential customers can get from you. When you do this, your competition has to worry about you instead of the other way around.

But there are certain situations when it makes sense to go into a highly competitive field where it seems that everything has been pioneered, all the routes to success have been mapped, and the whole market segment is very established — in other words, targeting a niche where it seems that everybody and his dog is trying to make money.

When does this make sense? – If you have a competitive advantage. The competitive advantage that you can bring to the table is usually fairly simple. The competitive advantage is when you actively listen to people who buy in a very competitive market and pay attention to their needs.

Once you figure out their needs profile and you come up with a completely different product configuration that answers their questions differently, you quickly set yourself apart from the competition. This is when targeting a high competition niche makes sense.

Don’t let haters and doubters discourage you. They might say, “Well, you’re trying to fish from the same pond where 1000 fishermen are fishing from.” They would be absolutely right if you’re going to be doing the exact same thing those other fishermen are doing.

However, if you’re bringing different bait, you have a more powerful net or fishing pole, you would come out ahead. In other words, don’t fear competition as long as you have the proper information and the proper strategy.

If you don’t have this, then you would reduce yourself to doing what other people are doing. If you find yourself in that situation, then find a lower competition niche quickly. If you’re just going to do what everybody else is doing, don’t start, find something else.

A Decade of Growing: Evaluating the Last 10 Years of Gambling

With the turn of the decade, many started looking back at what happened in the past ten years. We, as a planet and a...

Colorful Autumn with Lexus Show at Shangri La Minsk

This autumn will be brighter with Lexus Show at Shangri La, the best casino in Minsk! Three stages, three Lexus Shows start in the...

What You Need To Check While Choosing the Web Designers for Your Business

When it is about the web world, a website is considered the face of a business, and it plays a vital role in building...

Dedicted servers – way to earn money as webmaster

Webmasters can start hosting business and earn as hosting reseller, or they can only have their own websites and try to earn use affiliate...

How To See Who Visited Your Facebook Profile

Facebook is a website that lets you talk and interact with your friends. Wouldn’t you like to know who sees or visited your Facebook profile? Wouldn’t...

Can CBD Gummies Help With Stress and Anxiety?

Stress is a part of life for all of us - and can come from both negative and positive situations. Some stress, particularly the...