If you don’t want to expand into new markets or add new services to your revenue stream, you can also grow your business by being very focused on a single niche. This gives you the opportunity to become a “big fish in a small pond.”
A niche is a narrowly defined group of customers. Look for a subset of the larger market whose needs are not being met, then concentrate on meeting those unmet needs at a consistently high and accessible level. So you could be the one that offers the best service at an unbeatable price , or that sells the best products within your business market at an unbeatable with great customer service.
By conquering your market niche, you need to identify a value that will make you stand out.
