Are The Riches Really In The Niches? | Ep. #749

Nomzy Stholly

7 min

Investing & Markets

Description

In episode #749, Eric and Neil discuss whether riches are in the niches. Tune in to hear whether you need to focus on a niche market. TIME-STAMPED SHOW NOTES: <ul> <li>[00:27] Today’s Topic: Are The Riches Really In The Niches?</li> <li>[00:55] If they are, then why do we do different things?</li> <li>[01:15] In the beginning, you can go after a niche, because it is too expensive to go after a huge category.</li> <li>[01:20] Once you are established, you should expand and get beyond a niche market.</li> <li>[01:22] For example, <a href="https://convertkit.com/">ConvertKit</a> tried to compete in the email marketing space and it didn’t work out. When they changed course to be a service for bloggers, they started succeeding. Now, they are <a href="https://seva.com/">Seva</a> and have a larger business.</li> <li>[02:00] It is hard to make millions working within a niche.</li> <li>[02:35] If you are going to swing, swing for the fences.</li> <li>[02:54] If you don’t have a lot of cash, go for a niche. If you have the money, go for a huge market from day one.</li> <li>[03:25] Eric interviewed someone who works for <a href= "https://www.kahuna.com/">Kahuna</a>.</li> <li>[03:44] They focused on one area and then expanded their knowledge in that area.</li> <li><span style="font-weight: 4

Uploader

melody_bay

Episodes

Are The Riches Really In The Niches? | Ep. #749

Nomzy Stholly

7:08