Are your target customers easily identifiable? If you can't categorize your ideal customers into an identifiable segment, your niche is most likely not profitable. You need to be able to easily identify who to do business with. Your customers should have a reliable set of characteristics that define them and their needs.
Are your target customers easily accessible? You may have the best product or solution on the market. But if you have no way to reach customers with information on how you can help them, you may need to consider a different niche.
served? Some niches are oversaturated with small businesses or startups looking to cash in on a market. If you want to really stand out, it can be a good idea to focus on underserved or completely under-served markets. Be careful not to go too niche , as this could hurt your SEO efforts. Competitor research can help you identify areas where customer needs are not being met.
Does the niche have a large potential market? While there should brazil whatsapp number database ideally be little competition, it's best to target a market and niche that are large enough to be profitable. When it comes to your target customers, there needs to be enough of them, even if that means facing some competition.
Do you want to enter an underserved or neglected niche? An example of a relatively specialized sector is antique typewriter restoration services. This sector targets collectors, writers, and hobbyists who appreciate the nostalgia of antique typewriters.
Toronto Typewriters repairs and restores typewriters for people who want to experience the modernity and craftsmanship of these old machines.
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2. Know your target audience
Before you start analyzing your competitors, you need to have an idea of what your target audience wants and needs.