How To Create A Category As A Small āeā Entrepreneur: 7 Legendary Ways To Niche Down
Life is good when you have no competition.
Arrrrr! š“āā ļø Welcome to a š subscriber-only edition š of Category Pirates. Each week, we share radically different ideas to help you design new and different categories. For more: Dive into an audiobook | Listen to a category design jam session | Enroll in the free Strategy Sprint email course
Dear Friend, Subscriber, and Category Pirate,
One of the most common questions we get asked is, āHow do I create a category if Iām not a heavily funded startup or some massively successful company? How can someone like me create a category of my own?ā
We love this question because it reveals maybe the single greatest benefit of category design:
Anyone can do it, at any stage of their life.
Category creation and category design is not a strategy reserved for multibillion-dollar companies or high-flying startups. And while money is often helpful, it is not a requirement (and in some cases can be the difference maker, as constraints are a forcing function for creativity). In fact, some of our favorite category designers are solopreneurs, small business owners, and consultants who have niched down, leveled up, and found a way to get themselves out of āthe comparison gameā and into a category of one. As a result, they have no (or little) competition.Ā
Which means theyāre in demand and they set the price.
However, the secret to ānot having competitionā is not to pick a niche that simply has no competition.
This is an oversimplification of the problem.
For one, if you are choosing to *look* for blue ocean, simply for the sake of blue ocean, then you are a mercenaryānot a missionary. You just want your little slice of the existing pie. (And if this is you, then we encourage you to read our mini-book, No Ocean Strategy, and start from a place of, āThere is no oceanānow what?ā) And second, if you are trying to fix your competition problem by searching for a niche with no competition, what you probably wonāt find is opportunity. Instead, youāll likely find a dead, deserted category. Thereās a reason no competition is there anymore: everyone left (including the customers)!
But how you create a category for yourself as a small āeā entrepreneur is not just about niching down and getting more specific about your offering.Ā
Itās about having a Point Of View: