nichification
Quick Summary
Niching in marketing refers to a strategy where a company focuses on a small, specialized segment of a larger market that has unique needs. These small target groups are known as niches or subsegments.1
Larger organizations often concentrate on broader market segments (mass marketing) and may overlook these smaller niches. Consequently, smaller companies frequently emerge, becoming experts in a particular niche and tailoring their products or services to meet those specific demands. This specialization allows smaller businesses to effectively serve customer groups that larger competitors might ignore.1
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