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.