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A niche is a relatively small target market that has unique needs and preferences. The existence of niches represents an opportunity for small companies to compete with larger firms who may have a strong hold on the mainstream market. In some cases, large firms will respond by entering a large number of niches to fight growing competition from smaller rivals. The following are examples of a niche.
Behavior | Benefits | Culture | Demographics | Enthusiasts | Feature Reduction | Features | Geographic | Language | Lifestyle | Occasions | Holidays | Events | Opinions | Price sensitivity | Risk tolerance | Status | Style | High performance | Country of origin | Collectibles | Tourists & travelers | Leisure | Recreation | Sports | Traditions | Interests | Hobbies | Identity | Collectibles | Fashion trends | Cutting edge | Luxury | Customer preferences | Customer needs | Health & wellness | Epic experience |
Behavior A mobile device plan for a customer who uses a great deal of bandwidth.BenefitsA credit card for customers who want a large number of benefits such as various types of insurance.CultureAn airline that provides authentic Japanese food on its route to Tokyo.DemographicsShoes designed to appeal to urban professional women between 21 and 31 years of age.EnthusiastsLight and durable bicycles designed for cycling enthusiasts.Feature Reduction Removing common features in a product or service that some customers find cumbersome, invasive or annoying. For example, a television remote without cloud based voice search.FeaturesFeatures that most people don't use but that are important to a small group of customers. For example, a web browser that allows you to configure hotkeys.GeographicA restaurant that offers local specialties.LanguageA Korean language television channel offered in the United States.LifestyleOrganic food with healthy ingredients.OccasionsA cake shop that specializes in events such as weddings.HolidaysAn ecommerce seller who specializes in Christmas decorations.EventsMerchandise at a concert.OpinionsA newspaper that targets readers based on political ideology. Price SensitivityA luxury fashion brand that targets customers who aren't particularly price sensitive.Risk ToleranceAn unusually safe model of car designed for customers who prioritize safety.StatusA fashion brand with aspirational products designed to represent social status.StyleA snowboard brand that targets a particular sense of style in its designs.High PerformanceA snowboard designed for high performance in a half-pipe.Country of OriginAn importer of candy from Japan.CollectiblesA coin shop.Tourists & TravelersA souvenir shop near a popular tourist attraction.LeisureA spa that offers original or hard to find treatments.RecreationAn ecommerce shop that specializes in costumes and accessories for cosplayers.SportsA local sports event.TraditionsA shop that produces dance costumes for a traditional festival.InterestsA digital magazine for street fashion enthusiasts.HobbiesA company that produces authentic looking plastic plants for aquariums.IdentityMerchandise that celebrates some particular social identity.CollectiblesA toy shop that specializes in unopened vintage toys from a popular sci-fi series.Fashion TrendsA department store that offers space to trendy youth-oriented brands that are kicked out when their sales drop below a quota.Cutting EdgeHigh-end miniature audio speakers with better sound quality than comparable products on the market based on a new patented innovation.LuxuryA cafe in a prime location that offers high quality food and service excellence.Customer NeedsA baby stroller with lots of storage space for a parent who does some shopping on foot.Customer PerceptionsA bottled water for people who perceive water from a particular area as being high quality.Health & WellnessA tasty beverage with all natural ingredients and no sugar.Epic ExperienceThe only hotel near a legendary surfing beach.Next: Customer Needs
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