Tag "larger market"

Niche Research Basics

What is a niche? A niche is basically a sub-market within a larger market. By marketing to a niche group you ensure that your marketing message is specific to that group. And although that group may be smaller, your conversion rates (ie. sales) should be higher. An example of a niche market within the weight loss market is “weight loss after pregnancy” or “weight loss for children.” Now that you

Five Ways to Conduct Market Research

If you’re looking into producing a product or service, your first step is usually to conduct market research. No matter how good your product is, it’s not going to sell if it doesn’t meet a need or serve a purpose that is useful to your customers. While you can hire someone to do the research for you, most people can’t afford the thousands of dollars it will cost. Here are


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