Editor's Note: You can find a niche practice in many ways. A chance interaction could lead you to a client with specialized needs. A change in law can create opportunities for those willing to dedicate the time to understand the new law. A lawyer may make the calculated decision to pursue an untapped market. All are fine ways or reasons to develop a niche practice. But in niche practices, like most things in life, tapping into a passion will lead to the better results.
Entrepreneurs always need lawyers, and in recent years, the do-it-yourself (DIY) market has exploded. Etsy store proprietors, craft food makers, home brewers, independent fashion designers, hyper-local food growers, and vintage decor resellers—to name a few—are everywhere. Odds are that you have a family member or friend who’s involved in a DIY business. Fueled in part by the struggling economy and in part by increased demand for locally produced goods, DIY businesses will likely increase their presence in the American economy.