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small compared with what ? neche is more spesific but, it is the the net & pure target ...so it is so clear & u will get what u want fast ..with small period of time not small profit .
it depends on how we perceive it,becaus niche is actually a business zone u created for yourself that u have competetive advantage over other players or perhaps a part of the market share u discovered which already existing players has not tapped.it usually yields good huge returns
Niche market is a part of market being targeted for a particular product / services which also defines its features to meet that niche market requirements. Since it is only a part of larger market territory, it has to be small.
Example: Sports cars targets niche market in urban areas.
No, it means product features aimed at satisfying specific market needs, as well as the price range, production quality and the demographics that it is intended to impact.
Definitely NO. We should pay attention to niche market (market, segment, product), since most of the times brings to the company more VALUE (profit, loyalty, opinion leaders, brand ambassadors).
Wish you all a great day!
No.It means Edge .It could be high-quality product or service.
Yes it does represent to mean a small number of customers who are at the top of the pyramid. However, it does not mean small profit.
Niche segment should be smaller in number comparative to other segments as it represents a specialized segment of a market. However, it can potentially be quite substantial in sales revenues and profitability.
niche is small group of customer who want more profit
Niche means small and shallow. In other words it means a market where the segmentation is not in a wide scope.
actually if am granted the oppurtunity to run a niche, which generally looking and critically elaborated as small .you as an individual can change it by making that niche to become a complex and no more a niche .turning that niche into a complex makes that niche not to be small again so niche can be transformed but cant be changed
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