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How Do You Choose The Right Kind Of Business Niche?
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[QUOTE="Stena, post: 219672, member: 67486"] The issue of choosing a business niche is a delicate one. This is what would determine if your business would be successful or not. Some people tend to go for a niche with very little population, others tend to like a competitive niche. Some people tend to go a niche perceived as highly lucrative. The thing is, everyone has a reason for choosing a certain niche. I am of the opinion that a business niche should be chosen based on skill and flexibility. I cannot acquire a skill in graphic designing, but then decide to settle for forex trading because friends say that is where the money is. That will be you ruining chances for yourself. Horn your skills until you are an expert at what you do, and no matter how competitive the niche is, you can still stand out. I also feel one should go for a flexible niche, in this context, I mean a niche which is broad and allows you a number of options. For example, in a writing niche, there are several options, one can go for editing, proofreading, copy writing, ghost writing, article writing, etc. Now despite the competition in the writing niche, one can narrow down to one aspect or decide to flex two or more aspects. [/QUOTE]
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How Do You Choose The Right Kind Of Business Niche?
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