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When A Niche Is Not A Niche

When A Niche Is Not A Niche

Not all niches are equal, and some niches aren’t even niches at all. If everyone offers similar service, it’s not a niche. A niche strategy has to adhere to 3 components: 1, customers self-identify with the niche; 2, specialized expertise or capabilities; 3, market density to support a business.

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National Logistics services: The Cost Of Repositioning

National Logistics services: The Cost Of Repositioning

Repositioning a business can be one of the most costly and painful transitions a company go through. National Logistics Services (NLS) went through 18 months of sales purgatory when it repositioned from a general logistics provider to experts in fashion and footwear. Today NLS has a sticky brand, but it was a challenging journey. Peter Reaume, CEO of NLS explains, “It was one of the scariest thing I’ve ever done. We knew we had to specialize, but the transition was hard.”

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