Making money with saturated niche

Is it possible to make money with saturated niche? I mean how likely you are able to make money from the business that is overtly crowded? Do you think it is possible to make money from the business that is already being done by a lot of people.
In my opinion, saturation of niche does not really matter what actually matters is how good your products are and how well you are running your business. Making money from your business also depends on your marketing strategies.
Do you agree with my arguments, or do you think otherwise?
I will love to hear your opinions on this subject matter

lts very possible to make a very great business out of the saturated niche out there. However this depends on how you can strategies your marketing and promotional methods for your business.

I believe it's still possible, and it also depends on the kind of business as well. Let's take selling of cooked food for example, there are lots of people into it already but each and everyone of them are still make sales and profit daily.