Social Media Genius
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Everyone is familiar with the concept of a market, where a variety of goods,
products and services are traded. A niche market is simply a subset of the
market with a specific product focus aimed at meeting the demands of a
particular target group, such as the price range, product quality and the
demographics.
In fact, basically any product that is sold can be put into a specific niche market.
However, because some products are aimed at a general target group because
of the focus of the market subset (e.g. price), these are what is commonly known
as the mainstream niche or high demand markets.
products and services are traded. A niche market is simply a subset of the
market with a specific product focus aimed at meeting the demands of a
particular target group, such as the price range, product quality and the
demographics.
In fact, basically any product that is sold can be put into a specific niche market.
However, because some products are aimed at a general target group because
of the focus of the market subset (e.g. price), these are what is commonly known
as the mainstream niche or high demand markets.
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