Niche Market Quotes

We've searched our database for all the quotes and captions related to Niche Market. Here they are! All 100 of them:

The most successful companies make the core progression—to first dominate a specific niche and then scale to adjacent markets—a part of their founding narrative.
Peter Thiel (Zero to One: Notes on Startups, or How to Build the Future)
You should look for your niche: all those people who will love your product because their needs and your product benefits match. we should try to reach a stage where our potential customer base is just perfect in size for us - not too big and not too little.
Pooja Agnihotri (17 Reasons Why Businesses Fail :Unscrew Yourself From Business Failure)
There's no such thing as 'no market'. Some books are just niche orientated that's all.
Jo Linsdell
Make sure your product is something your potential investors could personally see themselves using, or else they won’t be able to see any value in it whatsoever. Even though women are half of the population, remember, anything targeting them is considered a niche market.
Sarah Cooper (How to Be Successful without Hurting Men's Feelings: Non-threatening Leadership Strategies for Women)
90% of new business fail in the first three months of launching, due to lack of proper planning, wrong selection of niche/products and marketing platform.
K. Raveendran (How to Start a New Business from Scratch and Skyrocket your Income in 9 Easy Steps)
golden rules for career success 1 Specialize in a very small niche; develop a core skill 2 Choose a niche that you enjoy, where you can excel and stand a chance of becoming an acknowledged leader 3 Realize that knowledge is power 4 Identify your market and your core customers and serve them best 5 Identify where 20 percent of effort gives 80 percent of returns 6 Learn from the best 7 Become self-employed early in your career 8 Employ as many net value creators as possible 9 Use outside contractors for everything but your core skill 10 Exploit capital leverage
Richard Koch (The 80/20 Principle: The Secret to Achieving More with Less)
The genius of niches is they are too small for large competitors, allowing a nimble entrepreneur the breathing room to focus on an underserved audience. Once you’ve succeeded in that niche, you can leverage your success to establish credibility for your business to move into larger markets.
Rob Walling (Start Small, Stay Small: A Developer's Guide to Launching a Startup)
Today’s businesses can’t just use social media; they have to become social businesses, inside and out and from top to bottom. Ultimately, that is the goal of this book: to harness the power of being a social business to become the most highly recommended organization in your industry/category/niche.
Paul M. Rand (Highly Recommended: Harnessing the Power of Word of Mouth and Social Media to Build Your Brand and Your Business)
Everyone wants to hear from an authoritative source. By being a content creator, you position yourself as an authority and expert in your niche.
Allan Dib (The 1-Page Marketing Plan: Get New Customers, Make More Money, And Stand out From The Crowd)
All my parents wanted was the open road and a VW camper van. That was enough escape for them. The ocean, the night sky, some acoustic guitar.. what more could you ask? Well, actually, you could ask to go soaring off the side of a mountain on a snowboard, feeling as if, for one moment you are riding the clouds instead of the snow. You could scour Southeast Asia, like the world weary twenty somethings in Alex Garland’s novel The Beach, looking for the one corner of the globe uncharted by the Lonely Planet to start your own private utopia. You could, for the matter, join a new age cult and dream of alien abduction. From the occult to raves to riots it seems that the eternal urge for escape has never enjoyed such niche marketing.
Naomi Klein (No Logo)
Within their distinct niche markets, sex workers employ competing technologies of embodiment that in turn reveal how desire reflects and constructs different national formations in the global imaginary.
Kimberly Kay Hoang (Dealing in Desire: Asian Ascendancy, Western Decline, and the Hidden Currencies of Global Sex Work)
If automating everything makes people lazier and lazier, and laziness leads to stupidity, which it does for most people, judging by the current content circulating the social networks everywhere, except North Korea, where they don’t have any internet to speak of - at some point the Japanese robots, for which a market niche is currently being developed, with no concerns on how they should be designed to act in society or outside it - will have no choice, but to take everything over, to preserve us from ourselves…
Will Advise (Nothing is here...)
What you do may not be unique, but you are. This is why putting your personality into your brand is so important. You're not in a niche or industry that is without competition. The only difference between you and your competition is your brand.
John Morgan (Brand Against the Machine: How to Build Your Brand, Cut Through the Marketing Noise, and Stand Out from the Competition)
niche information.” When I was a teenager, cable TV didn’t exist; the first TV program of any sort didn’t come to my city of Boston until 1948; and for years thereafter, we Americans got our news from just three big TV networks, three major weekly newsmagazines, and newspapers. Most Americans shared those same sources of information, none of which was clearly identified with conservative or liberal views, and none of which slanted its information heavily. Now, with the rise of cable TV, news websites, and Facebook, and with the decline of broad-market weekly print newsmagazines, Americans choose their source of information according to their pre-existing views.
Jared Diamond (Upheaval: Turning Points for Nations in Crisis)
Dear Producers, Something is radiating deep within me and it must be transmitted or I will implode and the world will suffer a great loss, unawares. Epic are the proportions of my soul, yet without a scope who cares am I? This is why I must but must be one of the inhabitants of MTV's "Real World." Only there, burning brightly into a million dazzled eyes, will my as yet uncontoured self assume the beauteous forms that are not just its own, but an entire market niche's, due. I am a Kirk Cameron-Kurt Cobain figure, roguishly quirky, dandified but down to earth, kooky but comprehensible; denizen of the growing penumbra between alternative and mainstream culture; angsty prophet of the already bygone apocalypse, yet upbeat, stylish and sexy! Oscar Wilde wrote, "Good artists exist in what they make, and consequently are perfectly uninteresting in what they are. A great poet, a really great poet, is the most unpoetical of all creatures. But inferior poets are absolutely fascinating... [they] live the poetry [they] cannot write." As with Dorian Gray, life is my art! Oh MTV, take me, make me, wake me from my formless slumbers and place me in the dreamy Real World of target marketing.
Dave Eggers (A Heartbreaking Work of Staggering Genius)
Concerning Personal Branding: For the success of your ‪brand‬ you must know and understand i. your target market and ii. your niche. The two are not the same.
Bernard Kelvin Clive
A small businesses ability to gain an edge for a profitable niche is not by just focusing on the dynamic market gap, but by identifying a market within the gap.
Wayne Chirisa
You’ve probably heard about “first mover advantage”: if you’re the first entrant into a market, you can capture significant market share while competitors scramble to get started. But moving first is a tactic, not a goal. What really matters is generating cash flows in the future, so being the first mover doesn’t do you any good if someone else comes along and unseats you. It’s much better to be the last mover—that is, to make the last great development in a specific market and enjoy years or even decades of monopoly profits. The way to do that is to dominate a small niche and scale up from there, toward your ambitious long-term vision. In this one particular at least, business is like chess. Grandmaster José Raúl Capablanca put it well: to succeed, “you must study the endgame before everything else.
Peter Thiel (Zero to One: Notes on Startups, or How to Build the Future)
I find it quite useful to think of a (partly) free market economy as sort of the equivalent of an ecosystem. Just as animals flourish in niches, people who specialize in some narrow niche can do very well.
Charles T. Munger
it was Greenspan who through some excessive deregulation prepared the monetary ground for the rise of the subprime mortgage companies: a lending market that specialises in high-risk mortgages and loans. 'Innovation', said Greenspan in April 2005, 'has brought about a multitude of new products, such as subprime loans and niche credit programs for immigrants'. It is almost touching to find out that Greenspan cares so much about immigrants.
Gilad Atzmon (The Wandering Who? A Study of Jewish Identity Politics)
Successfully finding and “scratching” a niche requires asking and answering a question that very few creators seem to do: Who is this thing for? Instead, many creators want to be for everyone . . . and as a result end up being for no one.
Ryan Holiday (Perennial Seller: The Art of Making and Marketing Work that Lasts)
Sequencing markets correctly is underrated, and it takes discipline to expand gradually. The most successful companies make the core progression—to first dominate a specific niche and then scale to adjacent markets—a part of their founding narrative.
Peter Thiel (Zero to One: Notes on Startups, or How to Build the Future)
The fertile minds at the curia had managed to create an indulgence for every imaginable situation and every imaginable sin. For a price, an illegitimate child could be made legitimate, as could the right to trade with the infidel, or marry a first cousin, or buy stolen goods. Dispensations were also created for special niche markets such as nuns who wished to keep maids, converted Jews who wished to visit unconverted parents, and people who wanted to be buried in two places (a wish that required cutting the deceased in half).
John Kelly (The Great Mortality: An Intimate History of the Black Death, the Most Devastating Plague of All Time)
After all, the media have been and are the major dispenser of the ideals and norms surrounding motherhood: Millions of us have gone to the media for nuts-and-bolts child-rearing advice. Many of us, in fact, preferred media advice to the advice our mothers gave us. We didn't want to be like our mothers and many of us didn't want to raise our kids the way they raised us (although it turns out they did a pretty good job in the end). Thus beginning in the mid-1970s, working mothers became the most important thing you can become in the United States: a market. And they became a market just as niche marketing was exploding--the rise of cable channels, magazines like Working Mother, Family Life, Child, and Twins, all supported by advertisements geared specifically to the new, modern mother. Increased emphasis on child safety, from car seats to bicycle helmets, increased concerns about Johnny not being able to read, the recognition that mothers bought cars, watched the news, and maybe didn't want to tune into one TV show after the next about male detectives with a cockatoo or some other dumbass mascot saving hapless women--all contributed to new shows, ad campaigns, magazines, and TV news stories geared to mothers, especially affluent, upscale ones. Because of this sheer increase in output and target marketing, mothers were bombarded as never before by media constructions of the good mother. The good mother bought all this stuff to stimulate, protect, educate, and indulge her kids. She had to assemble it, install it, use it with her child, and protect her child from some of its features.
Susan J. Douglas (The Mommy Myth: The Idealization of Motherhood and How It Has Undermined All Women)
The lesson here is that you cannot hate marketing if you’re in business! It’s 100% a mentality issue. You may have the best product in a specific niche, but you can’t be successful until you accept that your business is marketing and the product is just the thing you sell.
Tanner Larsson (Ecommerce Evolved: The Essential Playbook To Build, Grow & Scale A Successful Ecommerce Business)
The Deleuzian philosopher Brian Massumi clearly formulated how today's capitalism has already overcome the logic of totalizing normality and adopts instead a logic of erratic excess: the more varied, and even erratic, the better. Normalcy starts to lose its hold. The regularities start to loosen, This loosening of normalcy is part of capitalism's dynamic. It's not a simple liberation. It's capitalism's own form of power. It's no longer disciplinary institutional power that defines everything, it's capitalism's power to produce variety - because markets get saturated. Produce variety and you produce a niche market. The oddest of affective tendencies are okay - as long as they pay. (...) What happens next, when the system no longer excludes the excess, but directly posits it as its driving force - as is the case when capitalism can only reproduce itself through a continual self-revolutionizing, a constant overcoming of its own limits? Then one can no longer play the game of subverting the Order from the position of its part-of-no-part, since the Order has already internalized its own permanent subversion.
Slavoj Žižek (Comradely Greetings: The Prison Letters of Nadya and Slavoj)
I felt that, if we could avoid seeing each other for long enough, any questions of sentiment—so often deprecated by Barbara herself—could be allowed quietly to subside, and take their place in those niches of memory especially reserved for abortive emotional entanglements of that particular kind.
Anthony Powell (A Buyer's Market (A Dance to the Music of Time, #2))
Given that background, I was interested in what Steve Jobs might say about the future of Apple. His survival strategy for Apple, for all its skill and drama, was not going to propel Apple into the future. At that moment in time, Apple had less than 4 percent of the personal computer market. The de facto standard was Windows-Intel and there seemed to be no way for Apple to do more than just hang on to a tiny niche. In the summer of 1998, I got an opportunity to talk with Jobs again. I said, “Steve, this turnaround at Apple has been impressive. But everything we know about the PC business says that Apple cannot really push beyond a small niche position. The network effects are just too strong to upset the Wintel standard. So what are you trying to do in the longer term? What is the strategy?” He did not attack my argument. He didn’t agree with it, either. He just smiled and said, “I am going to wait for the next big thing.
Richard P. Rumelt (Good Strategy Bad Strategy: The Difference and Why It Matters)
Jane Jacobs observed many years ago that one of the paradoxical effects of metropolitan life is that huge cities create environments where small niches can flourish. A store selling nothing but buttons most likely won't be able to find a market in a town of 50,000 people, but in New York City, there's an entire button-store district.
Steven Johnson (The Ghost Map: The Story of London's Most Terrifying Epidemic—and How It Changed Science, Cities, and the Modern World)
What nobody anticipated fully was that both politics and religion would adopt the characteristics of the modern marketplace, that this would bring them into contact with each other, to the detriment of both, and that they would meet inevitably in the heart of Idiot America. Today, with the rise of the megachurch faithful and the interminable meddling in secular politics by various mall rat Ezekiels whose theological credibility is calculated by the number of vacant parking spaces they have on a Sunday, we have a market-deformed politics influenced by a market-diluted religion. Niches are created and products tailored to fill the niches. While modern evangelical Christianity has undeniable historical roots, its explosion over the past thirty years is a triumph of the Gospel According to Wal-Mart.
Charles P. Pierce (Idiot America: How Stupidity Became a Virtue in the Land of the Free)
1. Your Business Is Not Unique 2. You Are in the Business of Marketing 3. Be Brand Centric, Not Product Centric 4. You Must Control the Order Process 5. Don’t Compete on Price 6. Don’t Be Walmart. Niche down. 7. There’s No Such Thing as Free Traffic 8. Business Costs Money 9. If You Aren’t Mobile, You’re Out 10. The One Who Can Spend the Most to Acquire a Customer Wins 11. Sell in Multiple Channels 12. There Are Only Three Ways to Grow a Business
Tanner Larsson (Ecommerce Evolved: The Essential Playbook To Build, Grow & Scale A Successful Ecommerce Business)
All your need to know about blogs, niche websites, SEO, Wordpress, the best tools, software reviews... for creating content, building an audience and converting visitors into buyers. The Art Of The Art of Growth Marketing is managed by Martin Couture, a Content Marketing Consultant, who comes from a digital agency background. In the course of his career Martin Couture worked with brands like Disney, Nike, Tiffany, Porsche, BMW, Fendi and many more.
Art Of Growth Marketing
Political marketing...plays to people's emotions, not their thoughts. It operates on the belief that repeating a catchy phrase, even if it's untrue, will seal an idea in the mind of the unknowing or uncaring public. It assumes that citizens will always choose on the basis of their individual wants and not society's needs. It divides the country into "niche" markets and abandons the hard political work of knitting together broad consensus or national vision
Susan Delacourt (Shopping for Votes: How Politicians Choose Us and We Choose Them)
Youth culture is constantly evolving and Gen Z in particular is disrupting industries, says Witt. Gen Z represents an unprecedented group of innovation and entrepreneurship. This group is focused on niche interests and if brands don’t recognize this now and get on board, they are going to be left behind. It’s also important for brands to adopt a global mindset, as some of the most significant growth is taking place in countries that are either developing or underdeveloped.
Gregg L. Witt (The Gen Z Frequency: How Brands Tune In and Build Credibility)
As with other kinds of markets, popular operating systems quickly get more and more popular, as they attract both new buyers and new sellers. In time, they become de facto industry standards—meaning they essentially establish a marketplace in which products (new applications) can be sold. Once this happens, they can, at least for a time, so completely dominate their markets that competing operating systems can’t attract enough users and developers to be anything but niche offerings.
Alvin E. Roth (Who Gets What ― and Why: The New Economics of Matchmaking and Market Design)
In fact, as these companies offered more and more (simply because they could), they found that demand actually followed supply. The act of vastly increasing choice seemed to unlock demand for that choice. Whether it was latent demand for niche goods that was already there or a creation of new demand, we don't yet know. But what we do know is that the companies for which we have the most complete data - netflix, Amazon, Rhapsody - sales of products not offered by their bricks-and-mortar competitors amounted to between a quarter and nearly half of total revenues - and that percentage is rising each year. in other words, the fastest-growing part of their businesses is sales of products that aren't available in traditional, physical retail stores at all. These infinite-shelf-space businesses have effectively learned a lesson in new math: A very, very big number (the products in the Tail) multiplied by a relatives small number (the sales of each) is still equal to a very, very big number. And, again, that very, very big number is only getting bigger. What's more, these millions of fringe sales are an efficient, cost-effective business. With no shelf space to pay for - and in the case of purely digital services like iTunes, no manufacturing costs and hardly any distribution fees - a niche product sold is just another sale, with the same (or better) margins as a hit. For the first time in history, hits and niches are on equal economic footing, both just entries in a database called up on demand, both equally worthy of being carried. Suddenly, popularity no longer has a monopoly on profitability.
Chris Anderson (The Long Tail: Why the Future of Business is Selling Less of More)
My work is part detective, part cultural anthropologist. I am a spy, a researcher, a negotiator, a trendsetter, a socialite, and a dealmaker. This is the reason I own this one-man niche. I supply the world with the most brilliant stories in adrenaline-packed adventures concocted by writers, stalkers, hackers, and odd characters, and then produced and marketed by heads of studios and publishers who come to me with preemptive offers. I have the power to turn someone’s obscure dream into one hundred TV episodes, then syndication. I can find a screenplay written in film school and turn it into a blockbuster.
María Amparo Escandón (L.A. Weather)
The theory of the long tail as popularized by Chris Anderson in his book of the same name is that our culture and economy are increasingly shifting away from a focus on a relatively small number of major hits (mainstream products and markets) at the head of the demand curve and toward a huge number of niches in the tail. As the costs of production and distribution fall, especially online, there is now less need to lump products and consumers into one-size-fits-all containers. In an era without the constraints of physical shelf space and other bottlenecks of distribution, narrowly targeted goods and services can be as economically attractive as mainstream fare. 5
David Meerman Scott (The New Rules of Marketing and PR: How to Use Social Media, Online Video, Mobile Applications, Blogs, News Releases, and Viral Marketing to Reach Buyers Directly)
Chiropractic: There are obviously a lot of different niches you could serve in this industry. But, let’s say for a moment that you serve the elderly demographic. You might think that they just want to be able to play a little more golf or keep up with their grandkids. Those things might be true and they’ll certainly admit to them. But if you go deeper, you’ll find that they want to be the envy of all of their friends who are falling apart. That’s the secret ego motivation that inspires them to find you. And further, they do NOT want to be put into a nursing home. That’s the secret fear that has them searching for you. Sell them abilities their friends don’t have and you’ll have them eating out of your hand.
Dan S. Kennedy (Magnetic Marketing: How To Attract A Flood Of New Customers That Pay, Stay, and Refer)
What we're now starting to see, as online retailers begin to capitalize on their extraordinary economic efficiences, is the shape of a massive mountain of choice emerging where before there was just a peak.... By necessity, the conomics of traditional, hit-driven retail limit choice. When you dramatically lower the costs of connecting supply and demand, it changes not just the numbers, but the entire nature of the market. This is not just a quantiative change, but a qualitative one, too. Bringing niches within reach reveals latent demand for noncommercial content. Then, as demand shifts toward the niches, the economics of provided them improve further, and so on, creating a positive feedback loop that will transform entire industries - and the culture - for decades to come.
Chris Anderson (The Long Tail: Why the Future of Business is Selling Less of More)
When I started my marketing company, I fell into the same trap most entrepreneurs do in the early stages of their business. Desperate for sales I created page after page on my website, offering everything and anything from logo design and email marketing to Google AdWords and SEO. It was only when I stripped all of this noise away and focused almost exclusively on Google AdWords and PPC marketing that things started to happen for me. It was easier to rank my website on Google because the whole website was optimised around specific niche keywords. It was easier to close customers, because they wanted professional PPC services and I could demonstrate with little effort that I was a PPC specialist. In most cases I didn't even need to demonstrate this point because 5 seconds spent on my website would tell the client that my whole business was Google AdWords PPC. By making it look like the only thing I specialised in was PPC consultancy, I cornered the market in every channel my services were advertised.   But
David C. Black (21st Century Emperor: A Digital Nomad's Guide to Freedom and Financial Independence)
Get acquainted along with a fitness home business. If you attempt earnestly, you are able to get started a productive fitness business. Many variables need to be considered once you determine to begin a fitness enterprise. If you understand how to set up a fitness online business, it can be effortless. It is advisable to have expertise in the fitness market to become capable to begin a fitness organization. Folks from any walk of life can commence their very own fitness business. A fitness small business is some thing that people would encourage by becoming consumers on the company. If you strategy to begin a online business inside the fitness niches, you ought to read all about how you can commence a fitness small business. You could study from blogs and web-sites related to establishing such a company. You must in no way attempt to get started a organization with out 1st understanding all about it. It truly is not quick to start a organization in the fitness niches. We're normally extremely eager to obtain fit. It really is essential that we give enough time and believed to our fitness business. Individuals who fail to perform on their fitness by no means realize beneficial benefits. You in no way going to attain excellent levels of fitness without functioning on it. Diet program is a thing that people rarely consider fitness business about when having match. What you eat is also necessary relating to fitness. One factor you need to understand is that fitness under no circumstances comes rather simply. You don't constantly must go to the health club for becoming match. It's going to expense funds to setup your business within the fitness niche. You will need help in some aspects on the business enterprise. A fitness enterprise may be simple if you have the suitable assistance. If you do not have the education, consumers won't rely on you with their fitness needs. It really is very important which you have some training in fitness. Fitness is all about expertise and you require to possess the expertise for the online business. A fitness trainer would have no difficulty in starting his personal fitness business. You need to look and really feel fit in order to attract other many people as consumers. A fitness company will take up your time and your dollars to set it up appropriately. It's essential to take various aspects into account for instance the place for the home business. Women are extremely keen to lose weight, as they prefer to look appealing. It's the worry of obesity and the resulting ugliness that makes women and men go in to get a fitness system. Middle aged guys are frequently obese and must make an enormous work to regain fitness. You'll need to invest a whole lot of your time to have the ability to create a foothold in this niche. You could possibly not know it, nevertheless it is feasible to develop a lucrative enterprise in the fitness niche. The idea of fitness is spreading far and wide. People of every age group prefer fitness. Health is much more vital than wealth. It can be vital to acquire fit if you desire to get the perfect out of life. Establishing a online business that is certainly centered on fitness is usually a very good notion. The fitness market holds a great deal of promise for tough functioning business owners.
Glenn Eichler
There are two types of market resegmentation: as a segmented niche or as a low-cost provider.
Steve Blank (The Four Steps to the Epiphany: Successful Strategies for Startups That Win)
Today, multiple major waves seem to be arriving simultaneously—technologies like the cloud, AI, AR/ VR, not to mention more esoteric projects like supersonic planes and hyperloops. What’s more, rather than being concentrated narrowly in a personal computer industry that was essentially a niche market, today’s new technologies impact nearly every part of the economy, creating many new opportunities. This trend holds tremendous promise. Precision medicine will use computing power to revolutionize health care. Smart grids use software to dramatically improve power efficiency and enable the spread of renewable energy sources like solar roofs. And computational biology might allow us to improve life itself. Blitzscaling can help these advances spread and magnify their sorely needed impact.
Reid Hoffman (Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies)
Stop drinking from the firehose of a global Gen Z demographic. Focus on knowing your brand’s core audience, and aligning with the youth culture segments that matter most. In today’s world markets, niche audiences drive mass consumption.
Gregg L. Witt (The Gen Z Frequency: How Brands Tune In and Build Credibility)
First, you can take the market by surprise, bypassing heavily defended niches to exploit breakout opportunities.
Reid Hoffman (Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies)
Uncovering an idea that you will enjoy thinking about every day - whether that is when you are writing copy for your website or answering a customer's question about it - is the secret. Of course, you need to do your market research to make sure there are other people interested in buying what you plan to sell. You can't build a million-dollar, one-person business around a passion that only ten people on the planet share, unless you have achieved such elite status in your niche that people will be willing to pay you very high prices.
Elaine Pofeldt (The Million-Dollar, One-Person Business: Make Great Money. Work the Way You Like. Have the Life You Want.)
We all agree that the main concept of ​​a metasearch engine is to compare and find the best rates, right? Well, we may be wrong. Up until only 10 years ago, there were dozens of OTAs, each one specialized in a niche market. But, over the years, these OTAs have been acquired, integrated or simply merged under Booking and Expedia's brands. Today, digital distribution is, de facto, a duopoly. And with only two OTAs sharing almost 100% of online transactions, what exactly a metasearch engine should do?
Simone Puorto
his peers have expressed considerably more skepticism. “There is nothing Tesla [can] do that we cannot also do,” Fiat Chrysler CEO Sergio Marchionne said in June 2016. Two years earlier, he had asked customers not to buy the Fiat 500e electric car, because the company lost $14,000 on the sale of each one. Fiat would sell the minimum number of electric cars needed to meet government mandates and “not one more,” he said. In April 2016, Marchionne continued that theme in an interview on the sidelines of his company’s annual meeting, this time responding to the price of the Model 3. If Musk could show him that the car would be profitable at the $35,000 price tag, Marchionne said, “I will copy the formula, add the Italian design flair, and get it to the market within twelve months.” The German automakers have been even more dismissive. In November 2015, Edzard Reuter, the former CEO of Daimler, called Tesla a “joke” and Musk a “pretender,” suggesting in an interview with a German newspaper that Tesla didn’t stand up to serious comparison with “the great car companies of Germany.” Daimler, BMW, and Volkswagen were slow to accept that Tesla could one day challenge their market dominance. “German carmakers have been in denial that electric vehicles can create an emotional appeal to customers,” Arndt Ellinghorst, an automotive analyst at Evercore ISI, told the Los Angeles Times in April 2016. “Many still believe that Tesla is a sideshow catering to a niche product to some tree-hugging Californians and eccentric US hedge fund managers.” GM wasn’t quite so blasé. In 2013, then CEO Dan Akerson established a team within the company to study Tesla, based on the belief that it could be a big disrupter. GM’s Chevrolet Volt, a hybrid sedan that could drive about forty miles in full electric mode, had won Motor Trend’s 2011 Car of the Year, but GM was looking further into the future. At the 2015 Detroit auto show, it unveiled a concept of the Chevy Bolt, a two-hundred-mile electric car that would retail for $30,000 (after a $7,500 rebate from the US government). It was seen as a direct response to Tesla and new CEO Mary Barra’s biggest risk since she took over in 2014. Wired magazine celebrated the Bolt’s impending arrival with a February 2016 cover story about how GM had beaten Tesla “in the race to build a true electric car for the masses
Hamish McKenzie (Insane Mode: How Elon Musk's Tesla Sparked an Electric Revolution to End the Age of Oil)
The four forces that most often characterize winner-take-all markets are supply economies of scale, strong network effects, high multihoming or switching costs, and lack of niche specialization.
Geoffrey G. Parker (Platform Revolution: How Networked Markets Are Transforming the Economy and How to Make Them Work for You: How Networked Markets Are Transforming the Economy―and How to Make Them Work for You)
A few years ago, at a conference on organic agriculture in California, a corporate organic grower suggested to a small farmer struggling to survive in the competitive world of industrial organic that "you should really try to develop a niche to distinguish yourself in the market." Holding his fury in check, the small farmer replied as levelly as he could manage: "I believe I developed that niche twenty years ago. It's called 'organic.' And now you, sir, are sitting on it.
Michael Pollan (The Omnivore's Dilemma: A Natural History of Four Meals)
I am, and that is all I know at times, My being shaped by forces known and not. But whereas words are made to bend to rhymes, My feet are bound to steps that I have wrought. I feel myself expanding into this Beautiful niche I could not see before But I always sensed-and now I cannot miss Myself: I am unlimited and more Is opening to me, the more I open To this sweet fear, like falling from a cloud, My heart's inertia clear and calm, unspoken But heard. It says to me: "You are allowed." And I am free at last to feel this way To take this step: to wonder, love and stray.
David Griswold (Farmer's Market Sonnets: Autumn 2012 (Volume 1))
The search for buyers generally falls into three groups. The first group of buyers includes the obvious candidates and a handful of buyers in the core market. The second group of buyers is identified by digging into closely related markets. The third group is made up of buyers who are identified later in the process. These are probably the least obvious of the buyers and they are discovered by examining smaller niche markets that are on the periphery. The
Thomas Metz (Selling the Intangible Company: How to Negotiate and Capture the Value of a Growth Firm (Wiley Finance Book 469))
If we focus on substance over size, sustainability over consumption, we can create a solo business that is efficient and profitable. This may seem entirely conceptual (and it is), but changing your philosophy from “Bigger is Better” to “Business Edited” will allow you more freedom, flexibility, and profit. Living Business Edited You may want to grow your business into a thriving company. And that’s a great goal. But the philosophy can be the same. Create a business based on substance over size. Bigger is not better. Become an expert in efficiency and embrace the less stuff, less overhead philosophy. Here are a few examples of how to live Business Edited: Focus on a niche instead of trying to do everything for everyone (think small target market over large target market) Get rid of paper – no one reads brochures! Embrace technology that helps you integrate and organize (think iPad over PC) Choose sustainable and local whenever you can Create a leaner office space Choose dual purpose items Don’t purchase “stuff”  – purchase only what you truly need Minimalism
Liesha Petrovich (Creating Business Zen: Your Path from Chaos to Harmony)
There are two keys to this entire sequence. The first is knocking over the head pin, taking the beachhead, crossing the chasm (and chaining together three mixed metaphors to do it!). The size of the first pin is not the issue, but the economic value of the problem it fixes is. The more serious the problem, the faster the target niche will pull you out of the chasm. Once out, your opportunities to expand into other niches are immensely increased because now, having one set of pragmatist customers solidly behind you, you are much less risky for others to back as a new vendor. The
Geoffrey A. Moore (Crossing the Chasm: Marketing and Selling Disruptive Products to Mainstream Customers)
I recently heard of a real estate professional who LOVES to cook. So, her niche market? Foodies. She attends local restaurant events and cooking classes and turns strangers into friends and clients. Her closing gift to new homeowners? A recipe box. Then she sends new recipe postcards every month to tuck inside. Isn’t that a smart way to stay connected in a meaningful way?
Susan C. Young (The Art of Connection: 8 Ways to Enrich Rapport & Kinship for Positive Impact (The Art of First Impressions for Positive Impact, #6))
Regardless of the recent hunger for handcrafted foods, they remain a niche market within the grocery store. America simply didn’t have many centuries during which a unique food heritage created by small pre-industrial farms might take hold. Add to that the evolving technology to process food on a commercial scale, and the large buildings we created to store and distribute these goods—the American supermarket—and you end up with a culinary tradition that consists of Mrs. Paul’s fish sticks, Swanson’s TV dinners, Birds Eye frozen peas, and Kraft Singles.
Michael Ruhlman (Grocery: The Buying and Selling of Food in America)
Do You Know How Search Engine Optimization Can Help You? In order to market your website and/or business effectively, you need to have the proper information to guide you along the way. Without the right info, you'll be swinging blindly in the most competitive marketplace in the world. Read the article below and find out about some tips you can use for optimizing your website. You will need to make your website pop up in the google search results. Build a really solid website and use search engine optimization to get it found. If other local businesses in your area don't have this, you will stand out like a shining star from the crowd. When it comes to linking your keywords, whether on your own site or on someone else's, quality beats quantity any day of the week. Make sure that your keywords are linked naturally in quality content. One proper, quality link will earn you much higher placement than 10 garbage links. Since web business is a marathon, it is good to plan around quality so that you last the long haul. To know where you stand with your particular niche market, you should check on your page rank at least once a week. By checking your rank, you will find out varying information about how competitors are finding you and you will also realize what you need to do in order to shoot up in the rankings. Your goal should be a page rank of 1. To search engine optimize your website, don't include more than 150 internal linking hyperlinks on your home page. Too many internal links on one page can dilute a web page's search engine rank. Huge numbers of links also make it hard for visitors to find the information that they need quickly. A great way to get more people to your site is to list your site with Google so that when people search through Google your page will come up. Listing your site in this way, will give you a vast venue where thousands of people will be introduced to your site and to your links. The future development strategy for all companies with a web site should include a strategy for search engine optimization, getting more traffic to their site. One key point is to be aware of the use of appropriate key words. Appropriate key words should be placed strategically throughout your site, the title tag and page header are generally the most important spots for keywords, be careful with your choices. Linking to lists is very popular for website owners and bloggers and can help your search engine optimization. You can find a lot of articles on the internet that are written as a top 10 list or top 100 list of tips or small facts. If possible, present well- written articles with relevant content composed as lists with numbers, not bullets, such as "10 ways to buy a new car." It's all about what the websites want in SEO, and that's what you need to realize. It doesn't matter if you're a simple blog or a legitimate business; you still need the proper optimization if you hope to achieve a high ranking. What you've read here will help you achieve that, but you still need to put the information to good use.
search rankings
Patrick Lencioni’s book Getting Naked: A Business Fable About Shedding the Three Fears That Sabotage Client Loyalty. When it comes to client loyalty, Lencioni found that by being completely transparent and vulnerable with customers, service providers like coaches and consultants can build surprisingly resilient levels of trust and loyalty. So what’s stopping you and me from being more vulnerable with our coaching clients? One word. Fear. Lencioni outlines three fears that sabotage client loyalty: fear of losing business, fear of being embarrassed, and fear of feeling inferior. This last fear struck a chord with me. I often coach new coaches. I share ideas for identifying a market niche, marketing to that niche, and finally using their individual strengths to get paying clients in their chosen niche.
Brent O'Bannon (Selling Strengths: A Little Book for Executive and Life Coaches About Using Your Strengths to Get Paying Clients)
Exercise A “warm” niche is a niche where you have some kind of association. Perhaps you worked for a credit card company for a few years, your wife is a lawyer, you collect comic books, or your brother is a plumber. Each of these would be considered a warm niche, and introducing a product into this niche will be much easier than choosing a completely unknown market. Remember, you stand a better chance when you know who you’re selling to. Make two columns on a piece of paper. In the header of the left column write “Person” and in the right one write “Hobby or Work Experience.” Now for each row write the name of someone you know, including yourself, friends, relatives or colleagues, and write their work experience or hobby in the right column.
Rob Walling (Start Small, Stay Small: A Developer's Guide to Launching a Startup)
A common image we still have of capitalism is the innovative entrepreneur opening up a new and lucrative market niche with the invisible hand of the market delivering public benefit (supply matching demand) out of private vice (profit-motivated self-interest). The idea is still routinely invoked as a justification of modern capitalism, but it’s out of date. A more apposite image nowadays for financialised, corporate capital is the visible – though sometimes velveted – fist, aimed at anyone who contests its logic, and many of those who don’t.
Chris Smaje (A Small Farm Future: Making the Case for a Society Built Around Local Economies, Self-Provisioning, Agricultural Diversity, and a Shared Earth)
of knowledge in these experiences that can be refined into a good niche. The jobs you’ve held or expertise you’ve developed are frequently where you’re going to be able to offer the most value. Skills learned as a professional or from a certified program in a particular industry are what give you the expertise, authority, and credibility that are inherently valuable in Internet Marketing. As far as I’m concerned, previous work experience is the best category to pick from. Also think about the courses you took in college. What training did you receive? What accreditations did you gain? What certifications did you earn? Write all of that down. You’d be surprised at what skills
Ian Pribyl (From Nothing: Everything You Need to Profit from Affiliate Marketing, Internet Marketing, Blogging, Online Business, e-Commerce and More… Starting With <$100)
Mary Engelbreit is one of the top-selling illustrators in the world. She reached success over thirty years ago when she developed a popular greeting card line. Later, she went on to license her art for thousands of products. Her colorful illustrations target the niche of women, specifically mothers. Her work is sold on products that mothers buy and in stores where mothers shop. Her illustrations and captions perfectly appeal to her target audience. It’s much easier to reach a target audience when you work within a clearly defined niche. And then, when you reach that target audience, you can use the right language to speak directly to them and entice them to buy. In the case of Mary Engelbreit, she wouldn’t sell her products in men’s stores, nor would she market to teenage girls.
Maria Brophy (Art Money & Success: A complete and easy-to-follow system for the artist who wasn't born with a business mind.)
Some artists say they don’t want a niche, because they like creating in a variety of themes and mediums and markets. They don’t want to feel constricted. If this is you, know this: It’s okay to work on a variety of themes and mediums. Never stop experimenting with a lot of different things. But if you want to sell your work in high volume, you have to choose a niche to focus on when marketing your art. Focus is necessary if you want to make a living selling your work. You’ll have a tough time creating financial success by trying to be known as “the artist who does everything.” If you are one who is resisting selling within a niche, don’t give up on this strategy just yet. Read on, and maybe we can help you carve out a niche that feels good to you.
Maria Brophy (Art Money & Success: A complete and easy-to-follow system for the artist who wasn't born with a business mind.)
The formative stage is treacherous and the subject of much study and analysis by management experts. Notably, as previously mentioned, consultant Geoffrey Moore coined the term “crossing the chasm” back in 1991 to describe the unique challenges and activities associated with this phase of a start‐up's evolution. Lots of companies make it far enough to attract some early adopters, and they have enough funding to pursue a much bigger market. But then they fall into the chasm between appealing to a narrow niche audience and building a large and sustainable customer base.
Frank Slootman (Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity)
The future of personal brands and influencer marketing lies in building strong and reputable niches.
Bernard Kelvin Clive
Direct response marketing is designed to evoke an immediate response and compel prospects to take some specific action, such as opting in to your email list, picking up the phone and calling for more information, placing an order or being directed to a web page. So what makes a direct response ad? Here are some of the main characteristics: It’s trackable. That is, when someone responds, you know which ad and which media was responsible for generating the response. This is in direct contrast to mass media or “brand” marketing—no one will ever know what ad compelled you to buy that can of Coke; heck you may not even know yourself. It’s measurable. Since you know which ads are being responded to and how many sales you’ve received from each one, you can measure exactly how effective each ad is. You then drop or change ads that are not giving you a return on investment. It uses compelling headlines and sales copy. Direct response marketing has a compelling message of strong interest to your chosen prospects. It uses attention-grabbing headlines with strong sales copy that is “salesmanship in print.” Often the ad looks more like an editorial than an ad (hence making it at least three times more likely to get read). It targets a specific audience or niche. Prospects within specific verticals, geographic zones or niche markets are targeted. The ad aims to appeal to a narrow target market. It makes a specific offer. Usually, the ad makes a specific value-packed offer. Often the aim is not necessarily to sell anything from the ad but to simply get the prospect to take the next action, such as requesting a free report. The offer focuses on the prospect rather than on the advertiser and talks about the prospect’s interests, desires, fears, and frustrations. By contrast, mass media or “brand” marketing has a broad, one-size-fits-all marketing message and is focused on the advertiser. It demands a response. Direct response advertising has a “call to action,” compelling the prospect to do something specific. It also includes a means of response and “capture” of these responses. Interested, high-probability prospects have easy ways to respond, such as a regular phone number, a free recorded message line, a website, a fax back form, a reply card or coupons. When the prospect responds, as much of the person’s contact information as possible is captured so that they can be contacted beyond the initial response. It includes multi-step, short-term follow-up. In exchange for capturing the prospect’s details, valuable education and information on the prospect’s problem is offered. The information should carry with it a second “irresistible offer”—tied to whatever next step you want the prospect to take, such as calling to schedule an appointment or coming into the showroom or store. Then a series of follow-up “touches” via different media such as mail, email, fax and phone are made. Often there is a time or quantity limit on the offer.
Allan Dib (The 1-Page Marketing Plan: Get New Customers, Make More Money, And Stand out From The Crowd)
2 / 2 "In the symphony of life, the notes of perseverance and passion create the most harmonious melodies. Play them with your heart, and you'll compose a masterpiece of success." Jay J.P. Peak, National Best Selling Author
Jay J.P. Peak (Peak Prosperity Mentoring Group: Niche Marketing, Peak Performance, Successful Advisors)
Of course, OxyContin was stronger than morphine. That was a simple fact of chemistry—but one that the company would need to carefully obscure. After all, there are only so many cancer patients. “We are better off expanding use of OxyContin,” Friedman wrote. The real jackpot was “non-malignant pain.” OxyContin would not be a “niche” drug just for cancer pain, the minutes of an early Purdue team meeting confirm. By the company’s estimates, fifty million Americans suffered from some form of chronic pain. That was the market they wanted to reach.
Patrick Radden Keefe (Empire of Pain: The Secret History of the Sackler Dynasty)
star business has two attributes: ★ it is the leader in its market niche; and ★ the market niche is growing fast, at least 10 per cent a year.
Richard Koch (The Star Principle: How it can make you rich)
A star business is the leader in its market niche To be the leader simply means that it is bigger intheniche than any other firm. We measure size by sales value (also known as revenues or turnover). If the venture has sales of $1 million and there is nobody whose sales in the same niche reach $1 million, then it is the leader. Note that ‘leadership’ is objectively defined by sales, and has nothing to do with competing claims about ‘being the best’ or being most highly rated by customers, which are difficult to judge and not as important anyway. The thing that matters most is how customers in the niche vote with their money. Has a question just popped up in your mind? ‘Ah,’ you may say, ‘but how do you define what the market niche is?’ That is indeed a profound question, and I will answer it with several examples throughout the book. It is possible to get the definition of the niche wrong - as I sometimes have. But the basic idea is very simple. For a niche to be a separate market, it must have different customers, different products or services and a different way of doing business from the main market or other market niches. Finally, the ranking of competitors is different in a valid market niche - the leader in the niche is different from the leader in the main market. If there is no difference in how competitors fare in the niche versus the main market, the niche is not really different.
Richard Koch (The Star Principle: How it can make you rich)
Red Bull is another case. In America and Europe, Red Bull invented the ‘energy drink’ category. All attempts by the Coca-Cola Corporation and other soft-drink makers to compete with Red Bull have failed. Energy drinks are a separate niche and Red Bull is a valuable star. There is another clue as to whether or not a niche market is viable, and it is simply this: is the niche highly profitable? Does it generate a lot of cash? Leadership in a niche is not valuable unless, sooner or later, the niche is very profitable and gushes out cash. For sure, if your product is very good and you give it away, you can attain leadership in a niche. Free newspapers, for example. But unless you have some other way of taking in cash - through advertising in this case - your niche business will be unprofitable and gobble up cash. It follows that you can tell whether or not niche leadership really exists by seeing whether the niche leader is very profitable and cash-positive. If not, there is a kind of theoretical niche leadership, but the niche has little or no practical value. It will never qualify as a star business. Is Dr Pepper’s niche leadership valuable? Is Red Bull’s? You bet!
Richard Koch (The Star Principle: How it can make you rich)
The market niche must be growing fast A venture is not a star unless the niche where it operates is growing by at least 10 per cent a year. More precisely, the niche must grow at least 10 per cent a year, on average, over the next five years, and preferably for decades. Why is growth important? Because the power of compound arithmetic is such that, in a high-growth venture, sales - and profits, when they appear - will multiply quickly. It is quite different from the great majority of firms, which grow only slowly, and where profit growth is difficult and far from automatic.
Richard Koch (The Star Principle: How it can make you rich)
Google introduced Latent Semantic Indexing (LSI), which means that the search engine tries to determine the actual content of an article based on each word you write.
Robert McDay (Affiliate Marketing Crash Course: The Complete Step-by-Step Guide for Beginners to Generate Passive Income by Selling Other People's Products | Includes Most Profitable Niches)
MANY YEARS AGO, I had joined the local news desk of a prominent newspaper in Bengaluru, the sleepy south Indian town that became the country’s Silicon Valley. After trying my hand at crime reporting and general business journalism, I developed an interest in tracking technology. Among other things in the mid noughties, I had half a page in the paper to feature new gadgets every week. Nokia, Blackberry, Samsung and a few other companies were regulars on the page. While I was enjoying my work, my salary needed a boost. (The media industry’s decline was just about beginning, and salaries were as poor then as they are today.) Getting out of the rather difficult circumstances that I found myself in, I moved on to the Economic Times to report on technology. The business daily was India’s largest pink paper by circulation, and I worked with some of the best journalists of the time. My job was mainly to write about technology services companies. Soon I got bored with tracking quarterly results and rehearsed statements. This was around 2012, and India’s start-up ecosystem was in its infancy. I quit the paper to join a start-up blog. I didn’t ask for a raise. I was just happy to be able to write about start-ups and their founders. It was something new, and their excitement was infectious. In those days, ‘start-up’ was not a mainstream beat in India. Only niche blogs wrote about them. On the personal front, there were months when I was flat broke. One evening I sold my old Nokia 5800 for ₹300 at a second-hand electronics shop to buy a packet of biryani. That is still the best biryani I’ve ever had. The two years at the start-up blog were also my best two years ever. As start-ups became the buzzword, I went back to the pink paper to write about them. I was able to upgrade my life a little. I moved into a middle-class apartment with my family. I got some furniture and so on. After selling the Nokia phone, I used a feature phone for a few days. But now I had to upgrade my phone. After much research, I zeroed in on a Micromax handset. Micromax, a Gurgaon-based company that began making handsets in 2008, had some smartphones that were affordable on a young journalist’s salary. It was also a leading brand and had some interesting features such as dual SIM and a great touchscreen display. Going from a phone that ran on Symbian (Nokia’s proprietary operating system that failed) to an Android-based phone was like suddenly being
Jayadevan P.K. (Xiaomi: How a Startup Disrupted the Market and Created a Cult Following)
Historically, many investment groups have in practice outsourced much of the hard but dull, unglamorous work around corporate governance to a small club of consultancies known as “proxy advisors.” The biggest by far are Glass Lewis and Institutional Shareholder Services. Between them, they utterly dominate this niche industry, and are a quietly influential duo at the heart of the crossroads between the corporate and financial worlds. Glass Lewis attends more than 25,000 annual meetings across over 100 markets around the world every year. ISS brags that it covers about 44,000 meetings in 115 countries. Together, they advise thousands of investment groups with cumulatively tens of trillions of dollars’ worth of assets, and make millions of votes every year on their behalf. Many corporate executives resent the often formulaic approach of the proxy advisors, and see relying on them as an abdication of an investor’s responsibility. This is partly self-serving, as they dislike the proxy advisors’ views on compensation, for example. Yet there is an element of truth to it. Most investment groups don’t want the hassle of having to deal with many mundane issues across hundreds or even thousands of companies they own shares in. ISS’s and Glass Lewis’s raison d’être is to relieve them of this headache.
Robin Wigglesworth (Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever)
At BluePrint SEO, we specialise in driving quality leads and increasing enquiries for businesses across every sector of the construction industry. Whether you’re a general contractor, supplier, or niche service provider, our tailored SEO strategies ensure that your business is visible to the right audience at the right time, helping you grow and succeed in an increasingly competitive market.
BluePrint SEO
Starbucks’ founders understood a fundamental truth about selling: To mean something to customers, you should assume intelligence and sophistication and inform those who are eager to learn. If you do, what may seem to be a niche market could very well appeal to far more people than you imagine.
Howard Schultz (Pour Your Heart Into It: How Starbucks Built a Company One Cup at a Time)
Given the specialized niche and deal size, there is scant competition in this acquisition market, enabling Essilor to purchase companies on attractive terms (such as six to seven times cash flow). This ability to systematically improve the operations of acquired businesses is rare but can create significant value.
Lawrence A. Cunningham (Quality Investing: Owning the Best Companies for the Long Term)
If you were to start a business completely from scratch, with no ideas in mind, then my answer would be the opposite. I would say, yes, you start by seeking out a particular market and honing in on their pains and problems and extract a solution from there. The potential consequence, however, may be that you enter a niche that you’re not really interested in, nor care to serve.
Pat Flynn (Will It Fly?: How to Test Your Next Business Idea So You Don't Waste Your Time and Money)
Making a small acquisition can be an excellent strategy for an acquirer to gain a foothold in a niche market, gain new customers and new talent, acquire new capabilities and technologies, and serve as a platform to build upon. Small acquisitions are less expensive, easier to integrate, and often simpler to transact than large acquisitions. A
Thomas Metz (Selling the Intangible Company: How to Negotiate and Capture the Value of a Growth Firm (Wiley Finance Book 469))
There is actually some truth in the saying ‘There’s riches in niches’.
Nigel F. Piercy (Market-Led Strategic Change: Transforming the Process of Going to Market)
The niche markets that catered to Western men were not about establishing relations of trust among men that would lead to business deals.
Kimberly Kay Hoang (Dealing in Desire: Asian Ascendancy, Western Decline, and the Hidden Currencies of Global Sex Work)
5. But – and this is the final ‘do’ – a successful innovation aims at leadership. It does not aim necessarily at becoming eventually a ‘big business’; in fact, no one can foretell whether a given innovation will end up as a big business or a modest achievement. But if an innovation does not aim at leadership from the beginning, it is unlikely to be innovative enough, and therefore unlikely to be capable of establishing itself. Strategies (to be discussed in Chapters 16 to 19) vary greatly, from those that aim at dominance in an industry or a market to those that aim at finding and occupying a small ‘ecological niche’ in a process or market. But all entrepreneurial strategies, that is, all strategies aimed at exploiting an innovation, must achieve leadership within a given environment. Otherwise they will simply create an opportunity for the competition.
Peter F. Drucker (Innovation and Entrepreneurship (Routledge Classics))
two simultaneous processes are at work in HCMC’s niche markets—a recuperation of Western power and a contestation of that very power by those with aspirations for Asian ascendancy.
Kimberly Kay Hoang (Dealing in Desire: Asian Ascendancy, Western Decline, and the Hidden Currencies of Global Sex Work)
As such, different configurations of racialized desires, social status, business success, and hope for upward mobility all play out differently in the four niche markets in which I conducted fieldwork.
Kimberly Kay Hoang (Dealing in Desire: Asian Ascendancy, Western Decline, and the Hidden Currencies of Global Sex Work)
valuable business must start by finding a niche and dominating a small market.
Peter Thiel (Zero to One: Notes on Start Ups, or How to Build the Future)
culture and economy is increasingly shifting away from a focus on a relatively small number of “hits” (mainstream products and markets) at the head of the demand curve and toward a huge number of niches in the tail. As the costs of production and distribution fall, especially online, there is now less need to lump products and consumers into one-size-fits-all containers. In an era without the constraints of physical shelf space and other bottlenecks of distribution, narrowly-targeted goods and services can be as economically attractive as mainstream fare.
Danny Iny (Teach and Grow Rich: The Emerging Opportunity for Global Impact, Freedom, and Wealth)
Unfortunately, however, pragmatist customers rarely adopt any new technology en masse. Usually these innovations are taken up first by a single niche, one that has such pressing problems it goes ahead of the herd. The rest of the herd is delighted by this eventuality because it gets a free look at how well the technology plays out without having to take any immediate risk. The niche wins—presuming the beachhead strategy is conducted correctly—by getting a state-of-the-art fix for its heretofore unsolvable problem. And the vendor wins because it gets certified by at least one segment of pragmatists that its offering is legitimately mainstream.
Geoffrey A. Moore (Crossing the Chasm: Marketing and Selling Disruptive Products to Mainstream Customers)
Suppose that, through legislation (an artificial means) and through a government-run school voucher program (an artificially created market), public schools are privatized. "Natural evolution" will then take place: Schools will have to compete, only the best competitors will survive, and those schools that cannot compete will cease to exist. The surviving schools, by the Folk Theory of the Best Result, will be the best schools. It is an argument entirely based on two metaphors and a folk theory, all of which derive from Strict Father morality. Many people do not notice that Evolution Is Survival Of The Best Competitor is, indeed, a metaphor, much less a Strict Father metaphor. One way to reveal its metaphorical character is to contrast it with a metaphor for evolution that takes the perspective of Nurturant Parent morality: Evolution Is The Survival Of The Best Nurtured. Here "best nurtured" is taken to include both literal nurturing by parents and others and metaphorical nurturing by nature itself. Where fitting an ecological niche is being metaphorized as winning a competition in one case, it is metaphorized as being cared for by nature in the other. Both are metaphors for evolution, but they have very different entailments, especially when combined with the metaphor Natural Change Is Evolution and the folk theory that evolution yields the best result. Putting these together yields a very different composite metaphor for natural change, namely, Natural Change Is The Survival Of The Best Nurtured, which produces the best result. Applied to the issue of whether public schools should be privatized, this metaphor would entail that they should not be. Rather, public schools need to be "better nurtured," that is, given the resources they need to improve: better-trained and better-paid teachers, smaller classes, better facilities, programs for involving parents, community involvement, and so on.
George Lakoff (Philosophy In The Flesh: The Embodied Mind and Its Challenge to Western Thought)
What Vann-Adibe had discobered was that the aggregate market for niche music was huge, and effectively unbounded. He called this the '98 Percent Rule.' As he later put it to me, "In a wordl of almost zero packaging costs and instant access to almost all ocntent in this format, consumers exhibit consistent behavior: They look at almost everything. I believe that this requires major changes by the content producers - I'm just not sure what changes!"... Everywhere I went the story was the same: Hits are great, but niches are emerging as the big new market. The 98 Percent Rule turned out to be nearly universal. Apple said that every one of the then 1 million tracks on iTues had sold at least once (now its inventory is twice that). Netflix reckoned that 95% of its 25,000 DVDs (that's now 90,000) rented at least once a quarter. Amazon didn't give out an exact number, but independent academic research on its book sales suggested that 98 percent of its top 100,00 books sold at least once a quarter, too.
Chris Anderson (The Long Tail: Why the Future of Business is Selling Less of More)
The three main observactions - (1) the tail of available variety is far longer than we realize; (2) it's now within reach economically; (3) all those niches, when aggregated, can make up a significant market - seemed indisputable, especially baked up with heretofore unseen data.
Chris Anderson (The Long Tail: Why the Future of Business is Selling Less of More)
... the emerging digital entertainment economy is going to be radically different from today's mass market. If the twentieth-century entertainment industry was about hits, the twenty-first will be equally about niches. For too long we've been suffering the tyranny of lowest-common-denominator far, subjected to brain-dead summer blockbusters and manufactured pop. Why? Economics. Many of our assumptions about popular taste are actually artifacts of poor supply-and-demand matching - a market response to inefficient distribution.
Chris Anderson (The Long Tail: Why the Future of Business is Selling Less of More)
\“Capital has no home,” George Bernard Shaw observed. It is always a transgressor, a disputer of tradition and champion of equality in the abstract while reproducing material inequality in real life: the yuppie was homeless in just this new way. Many others would join their spiritual ranks, but without their more outsized material accoutrements, as the economy came to rest increasingly on the fabricating and manipulation of mass desire and fantasy. No hidebound prejudices, customs, and authorities from the past could be allowed to stand in its way… unless of course they could be rebranded and packaged nostalgically—Marlboro men, faux rednecks, family and family dog behind white picket fences, peasant coffee gatherers, yeomen-farmer wheat growers, and smithies and handicraftsmen in leather smocks—and sold into their own special niche markets.
Steve Fraser (The Age of Acquiescence: The Life and Death of American Resistance to Organized Wealth and Power)
Most recently, I worked for this advertising agency that specializes in perceptual marketing. They ensure that whatever ads you see in your everyday life are geared to your specific taste, style, demographic, purchasing history, and countless other interwoven criteria. If you walk by a billboard, it shows you something you actually want or an upgrade to something you already have. They use real-time rolling data feeds, so you might see a different ad depending on your mood before versus after lunch, if you were running late or had time to linger, whether you had sex that night or argued with your spouse that morning. Following a negative experience with some company’s wares, they’d give a competitor a shot at shifting your brand loyalty. My big idea was that clients could pay a monthly fee to see no ads at all. Instead of individualized niche marketing, you could experience a world blissfully emptied of promotional clutter. It was a total failure. Because it turns out people like ads. Especially when they’re targeted to warp the visual environment around you to emphasize your needs above all others, as if you’re the indispensable center of the global economy. Nobody wanted to pay for the privilege of being irrelevant to commercial interests. Except me. I essentially got my employer to launch an expensive new product solely for my use. An industry of one.
Elan Mastai (All Our Wrong Todays)
To be a successful small business marketer you need laser-like focus on a narrow target market, sometimes called a niche.
Allan Dib (The 1-Page Marketing Plan: Get New Customers, Make More Money, And Stand out From The Crowd)
The span of the attention I have got from the audience is directly proportional to the time taken by them to understand it wholly. It simply means if I want to continue getting their attention, I would have to endlessly seek (till I reach the final point) them through my words without letting them down in any dilemma. It is so consistent an approach that I can’t get any extra time but the time they read the preceding. No matter what I must stick to the same pattern unless I want to divert their attention. The moment I divert them I am on the different track but parallel. The whole journey or communication or the conversation becomes worthful only if I can reach the destination without any distraction and distortion. Mindful I should be in switching the tracks because if not I end up putting or leaving them half way unaware of where to go on an unknown track. I must not lose them halfway, I keep that in my mind. It holds true when at first, audience is already impressed with your beginning gestures, conversational lines and an excellent entry. They then wait for something miraculous or magnificent to happen at the end. The entire process is a chain of a peculiar starting point, intimate intermediate lines and a particular ending dot. At last, from the top view, it seems that you have taken your audience via a lengthy diagonal roadway but it’s not. The whole theory is named as Parallel Perpendicular Process, where I use the oxymoron because you know where you want your audience to be at but you are improvised alongside the shifting of tracks whenever audience is one the verge of divergence and you apply your instinct immediately to converge. This is a cognitive advertising theory that can sell An Old Product to the respective customer A Joke to the laughable audience A First Impression to the corresponding prospects A New Product to the fresh market An Inspiring Speech to the potential crowd An Advertising to the target spectators The big benefit of this, if applied continuously, it gets from the start to the end on a go. While the disadvantage of it may go simultaneously, this theory fails when the audience is generic because it’s niche that this follows.
Bhavik Sarkhedi
We also offer commercial carpet cleaning in minneapolis. EnviroCare Carpet Cleaning Minneapolis folks are highly-expertise and erudition of latest, niche cleaning techniques being used. Our cleaning experts keep themselves up to date if their innovation is made in the market of carpet cleaning industry. In keeping mind all the aspects we assure you, you will get professional carpet cleaning in MN.
EnviroCare Carpet Cleaning Minneapolis
I've never felt erotica was a 'niche market'. 50 years ago, Earth's population was 3 billion. Now it's 7 billion. That tells me a lot of people are interested in sex...
Alex Milton
Identifying niches and filling them is the bread and butter of the regular interplay between markets and entrepreneurs.
Paul Polak (Out of Poverty: What Works When Traditional Approaches Fail)