Why is e-commerce the absolute worst niche to start an agency in right now? Jake Rivera breaks down the brutal reality behind what he calls "mass niche migration" - and why COVID created a marketing nightmare that's still crushing new agencies today.
On Build Different, we explore how a 44% spike in e-commerce sales during 2020 triggered the biggest agency gold rush in history, turning what used to be a profitable niche into a bloodbath. You'll learn why new e-commerce agencies now face 6-8 month sales cycles (compared to 2-3 months in other niches), discover how the average client now gets pitched by 15-20 agencies instead of 3-5, and find out why 70% of agencies that pivoted to e-commerce during the pandemic have already pivoted again or shut down completely. Jake also reveals which niches are still wide open and exactly how to spot oversaturation before you waste months chasing dead-end clients.
š Chapters:
[00:00] Introduction with Jake Rivera
[01:30] The COVID e-commerce gold rush explained
[04:00] Why mass niche migration destroys profitability
[07:00] Real numbers: sales cycles and competition data
[10:00] Signs your niche is oversaturated
[12:00] Alternative niches still worth pursuing
š Topics: e-commerce agency, marketing agency niche, COVID business impact, agency saturation, mass niche migration, digital marketing competition
ā If this episode saved you from making a costly niche mistake, leave us a 5-star rating and review! Follow Build Different so you don't miss tomorrow's episode where we break down the three niches that are still printing money in 2024.
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Keywords: passive income, business coach, social media marketing agency
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