CHOOSING AN UNCROWDED SECTOR

[Nurudeen]

Choosing and uncrowded sector is one of the best decisions any entrepreneur could take. If competition are too much in any industry and as an entrepreneur you enter such sector it will be very hard for the entrepreneur to break even or make profit

 

[Sariana23]

When entering an enterprise, you must evaluate all the possibilities, the positive and negative points that you can find along the way. Either entering the competition or a sparsely populated market. The important thing is the demand, without it you will have no future. You must also take into account the quality of your products or services, no matter what exists around you, you can be successful if you propose.

 

[GoldenLady]

It's not so easy these days to find an uncrowded niche, that is still profitable enough.

There are so many people doing the same thing, bit if you try to start something different, it might be so small people won't learn or know of it, or it may have a very small market that is not enough to make sufficient returns.

 

[Hasan Raza]

I totally disagree with your point. Uncrowded business could be beneficial or may it fail because of undemanding products you are going to sale there. So you must start a business which is demanding and work hard enough and deal with public in good manner.

 

[Softdave]

Competition will always be a major challenges of business and as a good business man or woman you have to be prepared to encounter those challenges and device a means to overcome those challenges so there is almost no business which has limited investors unless it’s a non profit business

 

[Adventurer]

Most times business owners and service providers usually go into sector that are alraedy saturated,And the large profit margin is shared among the various participants in that sector.
Someone can decide to go into a relatively less crowded but very essential sector.For example,in logistics,there are some very delicate items and materials on transit which all logistics outfit cannot do friaght forward.You can decide to come up with a customise logistics vehicle just for that purpose.And then you can actually dominate that sector.

Good idea but let's face it, in the era we are today, there is almost no sector that is untapped I think this is due to the economy, unless you've got a rare talent . But if you're joining in a saturated sector you just need to carve a niche for yourself and you'll be successful at it

 

[Mostee501]

You can't refuse to start up or go into a business of your choice because it is saturated.After putting your business plans into action,the next thing to do is always research on update on your plans in other to be at the top of your competitors.

 

[Godleads1]

Let's be factual. There is no sector of business that someone or people are not into it. At times, when you think of a business, you find out that within the shortest time, someone would start it up in that area where you are. But like agriculture, one should think of a business that he would still have an upper hand no matter how jam-packed the sector might be.

 

[Donkiz]

Choosing a non crowded line of business helps to ensure that there's a high customer base, less competition and more profit. Although most of us believe that when a line of business is not crowded it simply means that the business is not profitable, hence the reason many people don't want to venture into it. That might be correct, or it can be that the line of business requires a bit of technicality, of which a little modification of the mode of operation might give us a chance of owing a very profitable line of business with little or no competition.

 

[Jesuyemi 08]

Most times business owners and service providers usually go into sector that are alraedy saturated,And the large profit margin is shared among the various participants in that sector.
Someone can decide to go into a relatively less crowded but very essential sector.For example,in logistics,there are some very delicate items and materials on transit which all logistics outfit cannot do friaght forward.You can decide to come up with a customise logistics vehicle just for that purpose.And then you can actually dominate that sector.

People love to build on a success story and that is why you think every business is crowded. No one is willing to try something new with an uncertain profit.

 

[Victor001]

You can't be a sole investor of a given product,most people do business and at the end they can't match competition,in business expect challenges except it's not lucrative.

 

[Akinwale701]

Most times business owners and service providers usually go into sector that are alraedy saturated,And the large profit margin is shared among the various participants in that sector.
Someone can decide to go into a relatively less crowded but very essential sector.For example,in logistics,there are some very delicate items and materials on transit which all logistics outfit cannot do friaght forward.You can decide to come up with a customise logistics vehicle just for that purpose.And then you can actually dominate that sector.

Sadly enough, there is virtually no sector of business that hasn't been crowded these days. You just join them and create a name for your own by being dynamic.

 

[Adventurer]

Avoiding a business just because of a saturated market or the fear of the market being crowded with competitions is not the best solution. The way out is to stand out, and this can be achieved by representing a niche, look for that part of the market that is being ignored and capitalize on it.

Absolutely, to find unsaturated sectors is almost impossible, all one needs to do is ensure you're offering the best and you'll certainly make your mark from the crowd

 

[Abbeyola]

Most times business owners and service providers usually go into sector that are alraedy saturated,And the large profit margin is shared among the various participants in that sector.
Someone can decide to go into a relatively less crowded but very essential sector.For example,in logistics,there are some very delicate items and materials on transit which all logistics outfit cannot do friaght forward.You can decide to come up with a customise logistics vehicle just for that purpose.And then you can actually dominate that sector.

Choosing an uncrowded sector will really make a lot of sense, because while they are competing with each other, you are making your cool money.

 

[Senator]

When you go into the type of business where there are a lot of crowd already, you get to face too much competition and this can strain you a lot of you are not financially bowyant enough

 

[Setho]

If you want to choose a business sector that is not crowded, then it should be a short term business to make quick profit and exit else, the uncrowded space you see today will become crowded tommorow.

 

[Sheyemanu]

Well, in reply to your question in the above post concerning choosing an uncrowded sector for your business, In all honesty i would totally agree with you that choosing an incrowded sector is the best indeed so as to be profitable indeed

 

[Ojonuyo]

Business that are not crowded are rare to discover and start up. Hence that is why many people are seen crowding other sectors that are already populated. It is best one start up business the has little competitors to make more gain.

 

[Nomad]

One of the main reason for a business failure is trying to sell the same product that a lot of companies are already selling. You have minimal chances of becoming successful if you sell the same product. In case, you want to sell the same product that a lot of businesses are selling, make sure your product is better than the existing products

 

[tyrim88]

One of the main reason for a business failure is trying to sell the same product that a lot of companies are already selling. You have minimal chances of becoming successful if you sell the same product. In case, you want to sell the same product that a lot of businesses are selling, make sure your product is better than the existing products

This is very correct and a true fact,when we first started selling a houshold edible product one of the challanges we had then was on how to penetrate the market,we sat down and study by observing the market and discovered that the there are complains about the quality of the product,we ensure that was solved from the manufacturer.and then the issue of pricing,we made sure that we get it in bulk from the source and give a reasonable discount,while we concentrate our profit on turnover and then we do the delivery to the customers,and that did the magic.