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Home Innovation

How to Grow Your Profits in a Niche Market

by Riah Marton
in Innovation
How to Grow Your Profits in a Niche Market
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Opinions expressed by Entrepreneur contributors are their own.

The 2021 Mercari Reuse Report projects the secondhand goods market will increase to $354 billion by 2030. though this market attracts a specific audience, it’s a ripe environment for innovative entrepreneurs.

If you’re selling something that falls into a niche category, you can’t afford to stay stagnant. You need to embrace marketing, sales and other tactics to ensure your expansion. Otherwise, you’ll miss out on scaling opportunities and the profits that accompany them.



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Tags: Customer EngagementEntrepreneursGrowGrowth StrategiesMarketMarketingNicheProfitsSocial Media
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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