Do you sell to niche markets, or are you selling to the masses?
A niche market is a small market and when you sell to a niche market, you sell for a premium price.
Selling to the masses means you are selling a lot of products for a reasonable price.
Exorbitantly priced luxury goods like iPhones, Louis Vuitton, or Gucci etc. are for niche markets, however, all moderately priced products are for the masses.
I like selling to the masses for a modest profit margin of 20 to 30 percent. As opposed to selling fewer units to make huge profits, I like selling in large quantities. I prefer catering to the masses rather than niche markets, focusing on maximizing profits through volume sales rather than excessive pricing.
A niche market is a small market and when you sell to a niche market, you sell for a premium price.
Selling to the masses means you are selling a lot of products for a reasonable price.
Exorbitantly priced luxury goods like iPhones, Louis Vuitton, or Gucci etc. are for niche markets, however, all moderately priced products are for the masses.
I like selling to the masses for a modest profit margin of 20 to 30 percent. As opposed to selling fewer units to make huge profits, I like selling in large quantities. I prefer catering to the masses rather than niche markets, focusing on maximizing profits through volume sales rather than excessive pricing.
