What is a niche market?
An example of an AI chatbot conversation about niche markets and their significance.
What is a niche market?
A niche market is a specific segment of a larger market that has its own unique preferences and needs.
Can you give me an example of a niche market?
Sure! An example of a niche market is vegan skincare products, targeting consumers who prefer cruelty-free and plant-based options.
Why is it important to identify a niche market?
Identifying a niche market allows businesses to tailor their products and marketing strategies, leading to better customer engagement and loyalty.
How can I find a niche market for my business?
You can find a niche market by researching consumer trends, analyzing competitors, and identifying gaps in the market that align with your interests.
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