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Niche Marketing - How to Find Your Perfect Niche Market
If you don't find a niche market for the product or service you offer, you will have a difficult time being successful. Most newcomers who wish to do business on the Internet often market to everyone they can find with the expectation that everyone will do business with them. This is the same as throwing mud against the wall and hoping some of it will stick. They have not yet found their niche market.
What is niche marketing?
A niche market is composed of individuals and businesses that have similar interests and needs, which can be readily identified and that can be easily targeted and reached.
Finding a niche for your business means finding a great product or service for a highly targeted audience.
Here's the process to find your niche business
1. Find a niche product or service you are passionate about. This will greatly improve your chances of being successful. Why? Because it's the only way you're going to be able to devote the kind of time and effort to create a meaningful web site, build up the right traffic, generate worthwhile income, and enjoy what you're doing.
2. Choose a niche product you are knowledgeable about. Reflect on what skills, hobbies or products you know the most about. If you don't have the knowledge yet, then choose a niche product that you would love to promote, then spend the necessary time to research it, so you can eventually become an expert in your marketing field.
3. Define your niche market - do the necessary research to see if there is a market for your niche product. To create a profitable business for your niche product, you need to ask yourself these questions:
a) Is there sufficient demand for it? - if you choose a field that is too broad it may be hard to stand out from the competition. For example, camping equipment could be your niche product. Well, unless you are a large corporation such as Sports Authority (a large retail store in my town), you won't stand out from the crowd. However, a more highly targeted niche product could be Coleman Camping Equipment.
b) Keyword research - use keyword tools such as the overture suggestion tool (http://inventory.overture.com/d/searchinventory/suggestion) or wordtracker (wordtracker.com) to find how many people are searching each month on keywords related to your niche product.
Here's an example:
According to overture (at the time of writing this article), the keyword phrase "camping equipment" was searched 76164 times in one month. If you do a search on Google.com for camping equipment you will find 1,610,000 web sites show up - heck, that's too competitive.
However "coleman camping equipment" generated 1242 searches in one month according to overture. Google.com shows 93,200 competing websites. That's much better though still somewhat competitive.
Tip: Notice there are not many web sites (even the top ones), that have "coleman camping equipment" in their titles. This is just one of the ways to obtain a high ranking on the search engines for your newly targeted web site. This will then provide lots of targeted traffic to your site.
c) Take a survey ? you may already have products or services that you selling to your customers. If so, ask questions within your survey about what product or service would help your customers business. If it can help them save time by gaining more knowledge or automating tasks, you could have a winner.
d) Create Your Own Unique Selling Position (USP) - study your competition to find out what they emphasize about the product which makes them stand out from the crowd. Then decide on something that will make your business unique from the others. It could be something unique about the product (ie discount coleman camping equipment) or you could choose a more highly defined target market (ie boyscout organizations and clubs throughout the USA that use coleman's camping equipment).
4. Build and promote your web site - to develop a profitable web site for your niche product you need to create a number of informative pages that will not only attract visitors from the search engines, but inform and move them to purchase from your site.
Read my article, "How to Create a Web Site That Sells" (http://www.isitebuild.com/buildingA.htm).
Niche marketing is the key to developing a profitable business that will make you stand out from the crowd. By doing the necessary research and building an informative web site, you will become an expert in your niche marketing field.
Advantages Disadvantages Of Internet Marketing: The Good The Bad And The Ugly
The Advantages Disadvantages Of Internet Marketing are many.
You Know Youre an Internet Marketer When...
Did you make the switch from corporate slave to independent consultant? If so, you may be part of the subculture known as "The Internet Marketer's Club." Out here on the Web, things are done a little differently. Nine to Five is a forgotten phrase. "Corporate casual" means tossing on a pair of lounge pants before booting up your laptop. Business meetings are held in the upper right-hand corner of your computer screen!
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When you first make a decision to start an Internet business or to put your existing business online, it helps if you have a realistic appreciation of just how long it takes to break-even on your efforts. Usually, it takes several months!
Using An Autoresponder To Manage Your Email Campaigns
Is internet marketing something for you? Do you dream about working at home where your kids are, where you feel you should be? Internet marketing can promise this and so much more. But, tread lightly and do your research before jumping into the world of Internet marketing. While many people feel that internet marketing is all a scam, simply stated, this is false. There are quality companies and quality business plans that are proven. Likewise, there are just as many and even more that are not worth your time or the expense. To understand the differences you need to take the time to research and then decide if the company is right for you. First, you should understand that in most internet marketing endeavors, you will own your own business. You are not working for someone else, which is a nice bonus, but it can be a downfall to many. There are extra expenses that you personally need to take on. You need to keep yourself motivated to do a good job on a daily basis. If you believe you can handle these simple things in internet marketing, then you can start your search for a company to work with. There are many. It will take you a good amount of time to decide which one is right for you. Do you want to sell products? Do you know enough to sell software? Can you see yourself promoting your business online, over the phone, in your neighborhood, and to your family and friends? Look into the business's history. Do they have a long background with a proven track record? If it's a ground floor opportunity, can you trust and believe in it enough to make it successful? Is the business a member of the Better Business Bureau? What about others who have done the business, what do they have to say? Will they provide training, materials, or anything else that is needed? Once you combine all of this information, it is only then that you can and should decide on an Internet marketing company. While there are definitely advantages to working an internet marketing business from home, never kid yourself that it won't be hard work all the way. But, by doing this basic amount of research and gathering this information, you can trust that the internet marketing business you take on is the right one for you.
I Was at the Point of Giving Up With My Website - Then Something Wonderful Happened!
This wasn't meant to sound like one of those "rags to riches" stories but for me, it sure seems that way.
What Big Pharma Can Teach You About Niche Marketing
A recent newspaper review of a new book, Selling Sickness, got me thinking about niche marketing (The Globe and Mail, Saturday, August 6, 2005, D8-D9). The book in question considers case studies that purport to show how "Big Pharma" (the entire pharmaceutical industry, from manufacturers to drug salespeople) manipulates data to "create" a disease that they have the "cure" for.
How to Build an Asset Out of Giving Stuff Away for Free
We all do it I guess: give something away for free to stimulate interest in our online promotions, an e-book here; a report there, whatever elsewhere.
Relevancy - The New Black for Online Marketing?
Internet Marketing Secrets Spiel
Wouldn't you like to know all the Internet marketing "secrets" that have made me the man I am today?
Use Photos as Part of your Marketing Arsenal
Photos should be important parts of your marketing. The photos are useful
Target Practice And The Internet Entrepreneur
Internet marketing, a lot of the time really is hit and miss. Always keep in mind that when you promote your site you are, in effect trying to get the word out to the whole world. Not an easy task! How can there NOT be variables when you are advertising to billions? It isn't always where you advertise that makes the difference; it's HOW.
Weird Sells: Get Noticed on the Internet
What is weird?, well in the 21st century it's getting more and more difficult to define what is weird and what isn't . According to the dictionary one definition is "Of a strikingly odd or unusual character; strange". Surely that isn't enough any more? A quick look at eBay and you will find hundreds of items that would comply with that definition. Toast with faces on it, Glass jars containing Ghosts and numerous examples of weird and wacky objects, (well weird and wacky according to the people who have submitted them.) The sheer number of them should preclude them from being classed as Weird. Mainstream Newspapers now have pages of weird news and no shortage of people willing to appear on them. The nightly news no longer finishes with heart warming local story it finishes with some weird local happening Weird is big news.
How Internet Marketeres Can Create Their Own Powerful Niche... Even In an Over-Crowded Industry!
For some reason, people who look to the internet to make more money or start their own online business are drawn to the internet marketing or home business industries. Ironically, these marketers (and I was one of them!) become affiliates for "make money from home" products, or buy reprint rights for the same, and thus try to sell something they have no experience in.
Catapult Your Marketing Success With Joint Ventures
There are many ways to make money on the internet. All methods however, come with a price-tag. For starters, you will probably need to purchase basic business software and relevant learning materials. Planning and developing your ideas will definitely require dedication and perseverance all along the way.
Web Site Marketing Puts Your Own Mark On A Business
The web site marketing you use to promote your Internet location tells a lot about you in general. Everyone that shops wants a pleasurable experience. The same is true in Internet shopping. You want to make your site as easy as possible for people to navigate and operate without much trouble. Also, you make your advertising and promotion to not be too aggressive. Otherwise, your web site marketing might be running customers off rather than making them stay.
Attitude - The Marketers Most Important Trait
Attitude is a key part of each of us. A central part of our make-up, who we are as individuals. It is also a major factor whether you succeed at what you do or fail. Your attitude about life can give you many different outcomes to a situation, the choice is up to you.
How To Find Deep Discount Pro Online Marketing Tools
You can't row a boat without an oar or build a house without a hammer. And, you can't build an online business without essential Internet marketing tools. Sadly, thousands try (unsuccessfully) everyday.
Internet Marketing Strategy: Online Joint Venture Ideas To Increase Your Business
A joint venture is when two or more businesses join together to work on a project for a set period of time.
Basic Rules For Effective Email Marketing
If you want an email campaign to succeed, you don`t want to offend anyone when sending your messages. Turn off a consumer with your email and you can be sure they`ll tune out your message. Don`t let that happen to you
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