Discover Your Niche: Tips for Finding the Right Fit

Jack Wong HM
6 min readJun 16, 2022

When starting a business, one of the most important steps is finding your niche. What this means is that you have to figure out what you’re good at and what you love doing and then target that group of audience. It can be tempting to appeal to as many people as possible, but this is usually not the best strategy.

When you target EVERYBODY, you target NOBODY!

One of the keys is to focus on a specific group of people with whom you can provide precisely what they require and desire.

We’ll go through some tips for figuring out your niche and finding the perfect match in this article!

1. What is a Niche Market?

A niche market is a group of people with specific requirements or interests who are not sufficiently addressed by existing products and services. Larger businesses could overlook a niche market because they believe it’s too tiny to be profitable. Still, it can be highly lucrative for small business owners or solopreneurs dedicated to meeting their specific demands.

A niche market can be defined by many factors, including age, gender, lifestyle, location, occupation, or interest.

For example, there is a niche market for seniors who want to stay active and engaged in their community. How…

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Jack Wong HM
Jack Wong HM

Written by Jack Wong HM

Prof Wong teaches International Tax & Tax Planning in SG & consults in taxation & business matters. He writes on business topics, tax updates, & mindset stuff.