Search For Untapped Markets

advertisements

To succeed, there has to be supply and demand. That is the first rule of business and all those who has been to business school would have learned that. Supply and demand works hand in hand. There has to be ample demand to justify the supply. If there is no or not enough demand, then no one will be willing to supply to that demand. Like wise, when there is a demand, there too should not be an over-supply or else whoever is supplying will be burdened with excesses. When that happen quality of services drops.

Having said that, if we can explore into something that has a demand but there are no one supplying to that demand or there are not enough supply, then we would have strike the proverbial jackpot. A field or trade that has not really taken off in a big way, in my observation at least, is the carpet cleaning business. Compare the ratio of plumbers to carpet cleaners in your town and you will see what I mean.

The fact that this is so is because carpets are not as important as running water. I mean, the carpets are there just as an adornment and we can live with dirty carpets for weeks, but we can’t do without running water for one single day. In that theory, the demand for plumbers outshines the demand for carpet cleaners, which is a good thing as not many thinks of venturing into the carpet cleaning business. It makes it a good niche. There are less competition but with an equally if not bigger market than the plumbing business.

The only promotion that needs to be done in this business is to educate your town folks the importance of having clean carpets in your homes. Play up the health factor to the hilt and explain the methods you use keep their carpets clean. Start a small website like what the San Diego carpet cleaners have done and publicise that site all over town. Remember every household has at least two carpets in their homes and many has fully carpeted rooms and living halls. Imagine the size of the market and that is just your town alone. If you are the only one catering to this market niche, don’t you think you have a winning business in hand?

I hope you get the drift of what I am saying. I am just using the carpet cleaning business as an example. It can be any trade or services that your town lacks. It is better to bet on that than to go and compete with all the big boys who are more established than you in a business that is heavily competed.

advertisements

Related Doing It Yourself Tips

  • Product Research or Market Research Which comes first? The product or the market? Now I haven’t attended any marketing school but experience tells me that market should come first, which I think is just plain common sense. If you have a product but there is no market for it, common sense will tell you that the product will not move. [...]...
  • How to get a Quality Search Score from Googles Recently, with the arrival of paid reviews, blogging too, can now be turned into a full time profession that can really bring 3 hot meals to your dining table. When i started blogging casually nearly 2 years ago, the only hope of ever making something from my blog was through Adsense, and that was a [...]...
  • Taking Advantage of the Internet Boom A shrewd businessman keeps himself updated on all that is happening around him and try to make use of every present opportunity. So if you have been surfing a lot to keep yourself informed, you would have read somewhere that there is a looming Internet boom. Of course doing business online is not something that [...]...
  • Getting a Certificate without going to College There are many ways to get yourself certified, even if you haven’t been to college. For example a wireman can get certified by Tenaga Nasional after 3 years of working experience. The only thing you need is a sponsorship from a registered wiring contractor. After getting your basic wireman certificate, you can opt to go [...]...
  • How to have continuous water supply even if there is water rationing. Under the Water Department’s regulation, when installing the plumbing system for a new house, the water from the Mains goes to the storage tank and the kitchen sinks. From the storage tanks the water is then directed to all other outlets like the bathrooms and toilets. It is from this age old regulation that I [...]...