NYC Businesses Stay Alive By Finding Niche Markets

I just read a report today that was rather interesting. Despite bad economic times, many NYC business owners are finding a way to beat it. How? They are selling their goods to niche markets. In other words, instead of selling goods to everyone, they are focusing more on selling to their own kind and culture. Many small business owners in NYC are immigrants. As such, they decided to sell their goods to people of the same nationality or culture. By doing this, they found their businesses picked up business.

By these businesses picking up business, this would be good for NYC, from an economic standpoint.
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Leave it to NYers to find ingenious ways of keeping going! I may sound flippant, but I do mean it in some sense. I'm proud of the American - specifically NY - capacity for finding clever ways to beat the odds. We are a city of some very creative folk. Although certainly the diversity of the city doesn't hurt, either
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Uraniumfish 2yrs+
I'm not crying for the big chain stores going bankrupt if these smaller, local-owned stores take their place. Certainly more care and quality possible in strores that cater to niche markets.
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Indeed, uraniumfish! I find that niche stores - whether mystery bookshops or East Asian groceries - have selections that are much more carefully thought out than your average Chain Mart. Sometimes, it's true, they can get away with being more expensive, but I think in the end it's often worth the price to support local businesses, and you get something for that quality!
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hhusted 2yrs+
Yeah, I have found specialty stores to have more of what I want than the big grocery stores, especially if it is something I want and may not be stocked as inventory in big stores yet.
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uptowngirl 2yrs+
I know one such tiny store in Queens. Its called Tawa Deli and l it sells is a wide range of chappatis and parathas. For all of you who are familiar with Indian food, these are Indian breads which require some skill to make at home. Tawa Deli is manned by an all woman staff who make mounds of fresh Indian breads every day to serve all those hungry NYkers like me who dont know how to make them and buy them in huge batches so that they can freeze them and then use them at will. Ingenuity at its best ..these women know these breads are vital to South Asian cuisine and as long as New York has an South Asian population their products will continue to find a ready market.
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Uraniumfish 2yrs+
@uptowngirl Which is essentially how the 'typical' NYC eateries started out--surely the pastrami sandwich at Katz's deli started out as a niche market catering to the jewish immigrants, and now everybody who ever visits NY has to go thee to try those sandwiches. It's become so famous, it's now a cliche.
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uptowngirl 2yrs+
So true Uraniumfish ..
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BroadwayBK 2yrs+
@everyone agreed; I would much rather frequent a number of specialty stores than make one stop at K-mart.
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hhusted 2yrs+
I have been to specialty stores and have found they don't always have what the bigger stores carry. When that happens, I'll go to KMart or Wal-Mart. On the other hand, when I do find what I want at specialty stores, the price is much higher than at the bigger stores.
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