Discover the importance of finding the right audience size for your online course business. Learn how starting with a niche market can help you avoid competition and gradually expand your reach. Find out how a successful email strategy generated over $12,000,000 in sales in 2023.
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Quick takeaways
Starting with a niche market can avoid intense competition but ensure the market is not too small.
Gradually expanding your target audience allows for initial focus and specialization, leading to effective market presence.
Deep dives
Importance of Total Addressable Market
Having a substantial total addressable market is crucial for a business's viability. Starting with a niche market is recommended to avoid intense competition but ensuring that the market is not too small to limit sales opportunities. It is essential to strike a balance between size and competition to establish a successful business.
Strategic Growth Approach
Adopting a strategy of starting niche and gradually expanding is advised for businesses. This approach allows for initial focus and specialization while providing opportunities for growth and broader market reach over time. By strategically scaling the target audience, businesses can navigate competition and increase their market presence effectively.
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Finding the Right Total Addressable Market for Your Course