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ElaKiri Talk!
Debate : JOB OR BUSINESS
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<blockquote data-quote="x-pert" data-source="post: 1608651" data-attributes="member: 837"><p>Niche market is only a single area which you could operate to earn a profit. </p><p></p><p>Even without a niche, you can earn money if you use a proper strategy. Main 3 theoretical strategies are:</p><p></p><p>Niche strategy</p><p>Low cost</p><p>Product differentiation. </p><p></p><p>So if you gonna start a business without a niche market, then you will need a sell the product to a lower cost or sell a variety of different products.</p><p></p><p></p><p>Low cost strategy means, if you could startup a new Mobile company with very lower sms call rates then there is a big chance for success.</p><p></p><p>Differentiation means, selling food and drinks at petrol stations as an example. (This is not a common thing in Sri Lanka. But in here all the petrol sheds do have a super market.)</p></blockquote><p></p>
[QUOTE="x-pert, post: 1608651, member: 837"] Niche market is only a single area which you could operate to earn a profit. Even without a niche, you can earn money if you use a proper strategy. Main 3 theoretical strategies are: Niche strategy Low cost Product differentiation. So if you gonna start a business without a niche market, then you will need a sell the product to a lower cost or sell a variety of different products. Low cost strategy means, if you could startup a new Mobile company with very lower sms call rates then there is a big chance for success. Differentiation means, selling food and drinks at petrol stations as an example. (This is not a common thing in Sri Lanka. But in here all the petrol sheds do have a super market.) [/QUOTE]
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