Niche marketing. You hear this term
thrown around like a sack of potatoes day in and day out. People
use it, many times to impress others with their knowledge of
Internet marketing, but sometimes to actually convey some real
meaning and content to another. Hopefully, what you're about to
read will fall in the category of the latter and you'll actually
learn something after reading this and the other articles on
marketing niche.So, just
what is a niche? Well, the definition is actually quite simple.
A niche is a certain segment of the population where you intend
to concentrate your efforts. For example. You have decided, for
whatever reason, that you want to sell health related products.
You've done your research and have discovered that a good number
of the people in this world are sick in some way. So selling
health related products would be a general marketing niche. Now,
you could leave your niche at this if you had, say, a wholesaler
who could supply you with a number of health related products.
But maybe you can't get your hands on everything from soup to
nuts related to healthcare and only have access to a few items.
It may be a good idea to narrow your general niche down to a
more specific niche, such as acne cures. If you have got a good
home remedy for acne written up in ebook form, this could turn
into a big seller and you don't have to worry about carrying a
lot of inventory. You've narrowed down your niche to one
specific item.
The first question you might be
tempted to ask is, "Why concentrate on just one marketing
niche?" The answer is simple to explain but sometimes hard to
understand. The problem with understanding the answer is that
many people have the philosophy of throwing as many things up
against the wall in an effort to see if any of them stick. In
other words, they try to market anything and everything. The
problem with that way of thinking is the reason why you DO want
to concentrate on a particular niche.
By concentrating on one niche you
are more focused. Your web site or sales page has one goal and
one goal only. To sell xyz product and nothing else. This makes
you an "expert" in this area and the buying public will have
more respect for you. Think about it. Dell Computers doesn't try
to sell diapers. They do well enough just selling computers.
Another reason you want to
concentrate on one niche is because of advertising costs. When
you're promoting just one product or service, you can put all
your advertising dollars into that one product or service and
have the best chance of making sales. If you try to sell
everything under the sun you end up splitting your available
funds into so many different areas that you can't effectively
promote any of them. This is not to say that you can't have more
than one niche. Most likely after you create your first niche
product and become profitable with it, you can take some of
those profits and pick another niche. So say you are selling
acne cures. You can then maybe branch out after a while and sell
cold sore cures. Eventually, you will be involved in several
niches, remembering to keep each one as a separate business and
sales page.
Niche marketing is the most
targeted marketing there is, and with proper research, can be
the most profitable.