I had this idea thinking about various IT consulting firms who are present online.
Nowadays you would find plenty of consultancies in various departments like IT, Finance, Investing, Marketing etc. But the problem with these are they aren't niche and have plenty of competition. On niche-ing down a Consultancy I thought how about starting a consulting firm on the current trend.
For example let's go back to 2013 when blockchain just started and after sometime people were mad about crypto and now every 1 in 10 invests in crypto according to CNBC. When a trend begins and public wants to ride it the only thing that acts as a barrier is limited knowledge due to the trend being new. When blockchain started and it began to boom people were mad about it and wanted to invest, I know people that have 0 knowledge in NFTs and still tryna flip one. These people want knowledge and what can do better for it than a consulting firm. A "Newly launched bubble" consultancy.
Internet consultancy in 1995
Blockchain consultancy in 2013
NFT consultancy in 2021
And many more examples.
The years infront of each trend is when the matter is hot and people want info and mentorship to make full use of the trend.
That according to me would be the best time to start a consulting firm on that trend because-
No competition
Huge customers with limited info
And when you start to become big the entry barrier builds for other competitors to enter.
Summing it all up my basic idea (or maybe many people think about it) is setting up a consultancy with respect to the trend.
Would like to hear your opinions!
Thanks!
Nowadays you would find plenty of consultancies in various departments like IT, Finance, Investing, Marketing etc. But the problem with these are they aren't niche and have plenty of competition. On niche-ing down a Consultancy I thought how about starting a consulting firm on the current trend.
For example let's go back to 2013 when blockchain just started and after sometime people were mad about crypto and now every 1 in 10 invests in crypto according to CNBC. When a trend begins and public wants to ride it the only thing that acts as a barrier is limited knowledge due to the trend being new. When blockchain started and it began to boom people were mad about it and wanted to invest, I know people that have 0 knowledge in NFTs and still tryna flip one. These people want knowledge and what can do better for it than a consulting firm. A "Newly launched bubble" consultancy.
Internet consultancy in 1995
Blockchain consultancy in 2013
NFT consultancy in 2021
And many more examples.
The years infront of each trend is when the matter is hot and people want info and mentorship to make full use of the trend.
That according to me would be the best time to start a consulting firm on that trend because-
No competition
Huge customers with limited info
And when you start to become big the entry barrier builds for other competitors to enter.
Summing it all up my basic idea (or maybe many people think about it) is setting up a consultancy with respect to the trend.
Would like to hear your opinions!
Thanks!
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