Niche finding techniques continue to grow harder as the marketplace grows more crowded. According to new 5 year research report by RJP Research. Now a new trend continues to emerge that has a more dependable and consistent track record.
Here’s a 10 samples based on the 5 years study listed in alphabetical order:
1. Commandment of Adaptation
It’s looking at what another successful business, product, or service is doing and finding a way to adapt successful features. If an idea works in one business or industry, the next step is for a business in another industry to see if they can adapt it.
2. Commandment of Addition
The words more, extra, enriched, thicker, richer, stronger and other like words are small examples of the principle of addition. For instance, walking down the isle of any local supermarket reveals this principle at work. Over 80% of products contain at least one element that includes this principle.
3. Commandment of Combination
What positive traits can be combined from another product or service to make a better product or service? A famous candy bar did it with simple peanut butter and chocolate.
4. Commandment of Customization
In this cookie-cutter, one size fits all world, finding a way to customize or give the personal touch that means so much to a product or service can make a powerful niche.
5. Commandment of Easier
Can a product be made easier to buy, maintain, use or repair? If so, this can generate many additional sales.
6. Commandment of Elimination –
Many people will not only pay for what’s in a product, but what’s not in a product. For example, no sugar, no salt, no fat, etc.
7. Commandment of Enlargement –
If a product or service has a loyal customer following? Then it’s a good bet there’s a percentage of customers who would like even more of the product or service. Try super-sizing something.
8. Commandment of Entertainment –
Finding ways to amuse or fascinate people before or after they buy a product or service can separate it from competitors.
9. Commandment of Longevity –
Try making some aspect of a product or service last longer than the competition. People pay extra for products that last longer.
10. Commandment of Portability –
Can customers use a product or service in more than one place? Or is there a way to take the product or service to customers instead of them having to come to the product or service?
Based on intensive 5 year study. Here’s the Top 15 ways to create wealth generating niche products and services with little or no money … Click Here!