Have you ever asked yourself about the examples of niche markets and the categories they fall in? Well, today we answer most of the asked questions about the best dropshipping niche to start an e-commerce business or a Shopify store.So, what are the examples of Niche Markets? A niche market is a small but well-defined segment of a larger market. Larger businesses often overlook niche markets because they are not as profitable as the mass market. However, niche markets can be very profitable for small businesses because they are less competitive and lower overhead costs. There are three main types of niche markets: 1. Geographic niche markets 2. Demographic niche markets 3. Psychographic niche markets Geographic niche markets: A specific geographic location defines geographic niche markets. For example, a business that only serves the residents of a small town is a geographic niche market. Companies that serve a specific geographic area can often charge higher prices because they are the…
