5 Steps
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WorkFlow

IDENTIFY NICHE MARKET

A structured approach to pinpointing a specific market segment for targeted business strategies.

Created with WorkFlow on AgentX.ID
WorkFlow
Identify Niche Market
WorkStep 1
CONDUCT MARKET RESEARCH
Goal
Understand market dynamics and customer needs.
Description
Gather data on potential markets and consumer behavior.
Deliverable
Market research report
WorkFlow
Identify Niche Market
WorkStep 2
ANALYZE COMPETITORS
Goal
Identify competitive landscape and gaps.
Description
Evaluate competitors within potential niche markets.
Deliverable
Competitor analysis report
WorkFlow
Identify Niche Market
WorkStep 3
DEFINE TARGET AUDIENCE
Goal
Create a clear profile of the ideal customer.
Description
Segment the market based on demographics and psychographics.
Deliverable
Target audience profile
WorkFlow
Identify Niche Market
WorkStep 4
VALIDATE NICHE MARKET
Goal
Confirm market viability and interest.
Description
Test the identified niche with potential customers.
Deliverable
Validation report
WorkFlow
Identify Niche Market
WorkStep 5
DEVELOP MARKETING STRATEGY
Goal
Outline promotional tactics and channels.
Description
Create a tailored marketing plan for the niche market.
Deliverable
Marketing strategy document
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