Is it really true that the riches are in the niches—and that the smaller the niche, the better? There may be times when your business could benefit from accessing a larger niche. So, in today's episode, I am sharing how you can know that it's time to go broader in your business.- The importance of understanding your total addressable market and where you business is positioned within that.- Why having a bigger market is not necessarily better (unless your business outgrows a smaller niche).- How having a really specific niche to start with can help you to make those initial waves.- Why your niche *will* inevitably change over time and how to navigate that.- The relevance of market demand and its role in expanding your niche.- How un-niching your "who" (upstream, downstream and horizontally) as well as what you sell can help you to serve a broader audience.SHOW LINKS:- Episode 642: Choosing the right niche for your online business (+ 5 signs you might be in the wrong one). DM "642" on Instagram
@stephtaylor.co and I'll send you the direct link.- Get my Daily Biz Booster emails:
https://stephtaylor.co/DBB- 5 Simple Tweaks to Boost Your Launch Profits:
https://stephtaylor.co/tweaks- Want me to spend a day working on your next launch? Book a VIP intensive:
https://stephtaylor.co/vip- Get The A-Z Podcast Launch Plan:
https://stephtaylor.co/plp-ig- Get a 30-day free trial of Kajabi:
https://stephtaylor.co/kajabiLet's be Instagram friends:
https://instagram.com/stephtay...