Total niche market domination
From niche to global domination: why it’s so f***ing hard to scale a SaaS for SMBs
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Penetration defines how many users are there for a product. A niche market does not mean a small market, but it involves specific target audience .
It measures the extent of domination of sales by one or more firms in a particular market.
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Description:Niche marketing is defined as channeling all marketing efforts towards one well-defined segment of the population. Niche marketing is a marketing tactic deployed to target a specific market segment which is unique. Niche market is often created by identifying what a customer wants and this can be done if the company knows what the customer needs and then tries to deliver a better solution to a problem which was not presented by other firms. A niche market does not mean a small market, but it involves specific target audience with a specialized offering. By doing so, the company becomes a market leader and it becomes possible for other firms to enter that particular segment.