1. Adaptation
- The simplest way to create a new idea is
to do what others in another business or industry are doing. Next,
see if you can adapt it to your own business, product, or service.
2. Addition
- Can you add something extra to your product
or service that your competition doesn't have or isn't doing?
3. Combination
- What positive elements can you combine from another product or
service to make yours better?
4. Customisation
- Can you find little ways to personalize a part of your product
or service? That's a quick, easy, and cheap way to create niches.
Can you make your product or service more personal?
5. Convenience
- Can you find more ways to make your
product or service easier and more convenient to buy, use, or
own?.
6. Elimination
- What negative or inconvenience can you
eliminate for your customer, with your product or service. People
not only pay for more they'll pay for less. Less irritations, less
waiting, less inconveniences.
7. Enlargement
- Do people like your service or product? Then it's a sure-fire
bet there is a segment of your market that would like even more of
it. Can you super-size something?
8. Entertainment
- From cradle to grave, we all have this
inner urge to be entertained, amused, or fascinated - especially
before we spend our money. A relaxed customer spends more. Find
little ways to amuse customers before, while, or after they buy
your product or service.
9. Longevity
- It's making some feature of your product
or service last longer. It can also include making a positive
experience or feeling last longer. If you can do either, you will
have a niche that's hard to match.
10. The Principle of
Portability - People hate to be tied
down. So, if your product allows people the freedom to use your
product or service in more than one place, that's a powerful
niche.
11. Reduction
- If you sell a product or service, is
there any way to reduce a certain feature to make it more
convenient? More portable? Or easier to use? Can you reduce it and
make it more affordable for another type of customer?
12. Reversal
- Look at what features or services your
competition is offering or not offering and reverse them. If they
close on weekends, can you be open? If they cater to seniors,
target more young people. Or if they cater to high-end customers,
target more low-end volume customers .
13. Safety
- If you can show others how your product or service can add
safety or reduce risk, you'd have a powerful niche. People hate to
experience loss, feel insecure, or waste money. Try to think of
little ways you can help people avoid the above with your product
or service.
14. Speed
- You should always be thinking, "What can I do faster than
my competitors-without reducing quality?" Can you fill your orders
faster? Can you give faster service? Can your product get faster
results? Can you resolve customer issues faster? Think speed!