If your specific niche went non existent one day, What would you turn to next?

3 replies
Lets pretend your business went absolutely sour in your specific niche. If you had a 10K budget for a new product in another niche, what would be a few tapped/untapped niches you would move into and why?
#day #existent #niche #specific #turn
  • Profile picture of the author Darren Cook
    Well, you could get ahead of the curve and look at new tech innovations that might hit in the next year - like the people who got in early with e-cigarettes. But that's risky. Unless you've had a lot of business experience, going into untapped niches can often mean you've got a solution looking for a problem. Niches that show a nice level of competition are the ones that make money - you just have to do your marketing better than the others.
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  • Profile picture of the author Matt Morgan
    Originally Posted by Brandon Lam View Post

    Lets pretend your business went absolutely sour in your specific niche. If you had a 10K budget for a new product in another niche, what would be a few tapped/untapped niches you would move into and why?
    I would be in a variety of niches so that if one went down there are many others. These others would kinda act as buffers to the one going down.

    But do start one before moving to many others.

    Don't put all your eggs in one basket.
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  • Profile picture of the author George Sepich
    Originally Posted by Brandon Lam View Post

    Lets pretend your business went absolutely sour in your specific niche. If you had a 10K budget for a new product in another niche, what would be a few tapped/untapped niches you would move into and why?

    Like if you are in the dog niche? And we got invaded by aliens that love to munch on dogs? And soon there were no more dogs? You mean like that?

    Then I guess I would move on to cats. But then again maybe not. In the time being, since the supply of dogs would be getting so low, I would create ebooks for the Aliens on "How To Eat The Last Dogs On The Planet". Now I realize that would have a limited shelf life until the last dog was eaten. But I bet I could sell those ebooks to those Ugly Aliens for more than 7 bucks. Just a thought.

    George
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