Lauren BatemanGuitar Teacher; Founder of the 7 Level Guitar System

How to Stand Out in Competitive Industries!

16 Feb 2023 · 0 min

Watch on YouTube

0:29

Lauren Bateman (creator/uploader) gives practical advice on succeeding in competitive markets, drawing on her experience running a guitar teaching business. Key takeaways: large, competitive markets can still be profitable; competition signals demand; niche down within big markets to carve a profitable slice. The piece is concise, motivational, and example-driven.

Being in a competitive niche isn't necessarily a bad thing. I'm in the guitar teaching business. That is a huge niche. But I was able to carve out a little slice of that pie. Remember, some of these big industries are multi billion dollar industries and if you can get a piece of that, there's still a lot of money to be made. A competitive market means that there is something worth going after. So don't be afraid of big markets, just find a way to niche down within that market.