Niche product selling occurs when a business focuses on one specific genre of products. This could be cell phones, watches, belts, or clothing. As e-commerce explodes more people will search out experts in the field of the products they like. The lens becomes narrower and small business owners should consider the merits of not being everything for everyone.
Reason 1: Niche products allow a specific business market focus and marketing opportunities.
Reason 2: No need for large inventories of unrelated products. You have very specific offerings that your becomes becomes associated with.
Reason 3: It is easier to brand your business when you have specific products.
Reason 4: It gives small business owners a central focus point.
Reason 5: You know your product and can answer customer questions.
Reason 6: As you become focused you find better suppliers on your short list which increases your margins.
Reason 7: Consumers want the right product for them, and you can help them find it.
Reason 8: Your website becomes a marketing machine where all things in your niche are discussed.
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