If demand is low... "niching down" probably won't save you.
(Despite what the gurus might promise)
People don't buy things because of *who* they are.
They buy solutions to painful problems.
So rather than obsessing about what you want to sell... or who you could serve... you've gotta start with customer PROBLEMS and work backwards to the right solution.
Inspo from Katelyn Bourgoin 🧠
PMM Copywriter for B2B SaaS/AI | 10 years & 100+ clients including HubSpot, Circle, and Unbounce | Positioning ➡️ Messaging ➡️ Copy without handoffs or delays
4 months ago
Agree.
Niching down is a winning strategy when the category is large enough to feed massive incumbents.
These incumbents get big by serving everyone. Serving everyone almost always requires adding features some segments don’t see value in (I.e. bloat). Niche down, cut the bloat, message to the niche, and you might steal a slice of a slice of the incumbent’s pie.
Or, they become an incumbent by moving upmarket and abandoning the little guys that helped them get off the ground. You can win by providing a lightweight and less expensive version of the incumbent’s product.
Niching is great if the demand and problem are there, Stefan Repin. But if not, you’ve just built a really specific solution for... crickets. 👻
Start with the pain. Always. Then solve the heck out of it.