And I don’t feel Vitalik Buterin-ish enough (and, frankly, am not that smart) to create something as awesome as Ethereum. Finding a niche market is a mix of both art and science, intuition and data. Are there a lot–maybe too many–competitors for the size of the segment?. “Finding product market fit requires testing, tracking, and transparency. Phil, What an extraordinary and insightful article. Brian Tracy does teaches us that “THINKING” leads to the best strategies. I am a HUGE advocate of agents finding a travel niche. For a SaaS environment, your KPIs may change over time as you look towards your fit, but the process remains the same. Unfortunately, with just a couple of sentences of information, whatever I say has a great chance of being wrong. Mr. Morettini has an extensive C-level software and hardware company executive background. This is the really fun part when it comes to finding your niche! It’s so great to get advice from someone who knows exactly what we’re dealing with, and very validating to hear that we’re basically doing it right so far. Here are other key findings in the research: The restaurant industry is not ideal for vertical SaaS because of its small market, limited growth and increased competition. A SaaS business targeting a niche market, run by one person or a small team, with small costs, a narrow focus, a small but dedicated user base and no outside funding. The solution to this problem is simple, but it isn't easy. For nearly every company there are markets that are “too large”. Think about your likes, in general, and try to identify specific topics within your idea. Dropshipping Niches!!! The old adage “If we can only get 5% of this huge market we’ll get rich” just isn’t very accurate. As with most things in business, finding a good niche often takes trial-and-error—a process of elimination stretched across a year or two. Understanding what problems you are solving them and who is the most likely to look for a solution to that problem is key to targeting your niche. Fortunately, you can remove the likelihood of overexerting your emotional reservoir by finding your niche. Your email address will not be published. When it comes to your NICHE, what do you know?How to pick a niche for youtube? As I said above, this is a topic that could easily justify a separate article–but in any case, one that should receive more consideration than most folks give it. Advice “by comments” on complex topics is not very good practice and can be dangerous. Whether you are giving someone a solution to boredom with a game app or providing a management service for businesses, your software solves a problem. Not ready to talk? Finding that niche and communicating with them is key to staying and growing in business. You may benefit from our personalized approach to enhancing revenue growth and profitability for YOUR technology business. There are over 15,000 SaaS companies in the market, which is projected to reach $157 billion by the end of 2020. #1- Trustpilot.com (Best to Find a Niche for Dropshipping & Affiliate Marketing) SaaS. They allow you to be agile in finding, testing and reinforcing your niche.” Personally, I like to pick segments (when at all possible) where I feel I have a clear product advantage of some sort (or some other major proprietary advantage) before entering a new segment. Any newly created niches are interesting for the bootstrapped SaaS founder. PJM Consulting provides management consulting and interim management services to technology companies. Since you’ve already run through the process of building an affiliate niche or finding your first niche, you can use their website to find products that you know will fit! 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