Mini Series: 9 Side Business Tips, celebrating 9 years in business and helping you to grow your Side Business. Welcome to Tip #4!
This episode of The Transit Lounge Podcast is part of a series sharing 9 Side Business Tips, celebrating 9 years in business designed to help you grow your service-based Side Business.
In this episode, we share Tip 4 - Narrow Your Niche
As you grow a side business, it is essential to refine your niche. In a competitive market, narrowing and targeting a specific segment of ideal customers allows you to focus your attention, time, and resources more effectively.
By understanding the unique needs and preferences of your niche audience, you can tailor your programs or services to meet what they need, and as a result, you’ll be more likely to attract, convert, and retain more clients you love working with - and who love you right back!
This episode discusses why having a clear niche is important for service-based businesses.
In this episode, you will hear:
- Why Niching is important - especially for service-based businesses
- The risks of not Niching enough in your business
- 4 Ways Shandra’s business suffered because she didn’t refine her niche early enough
- 3 ways to niche your business
- Practical examples of businesses that have niched well, so you can apply this to your own business
- How to know if you have niched enough, or if it’s time to refine it further
Continually narrowing your niche through testing and tweaking will support your business growth even though it may feel counterintuitive initially.
As they say: "The riches are in the niches."
For more tips and support to grow your service-based side business come and join our Facebook group,
Side Business Australia, where you can connect with other women on a similar path, ask questions, and share your knowledge. Here’s the link for you:
Side Business Australia Facebook Group.
I look forward to seeing you there!
Thank you for listening to this episode of The Transit Lounge - Side Business Tips mini-series!
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Have a fantastic week!