Posts Tagged ‘niche marketing’

Niche Marketing: What It Really Means

Friday, October 17th, 2008

What does niche marketing mean? Before I answer allow me to set things up a bit:

The Internet is no longer a baby. The days of being able to throw up a very general site and make big money with little effort are gone.

If you have a business you want to bring online, you need to understand how to target a specific audience. And if you want to start your own “Internet business” from scratch you need to grasp the basics of niche marketing.

Niche marketing means the same thing whether you’re an inventor, an interior designer, or a software affiliate. It’s about finding and catering to one or more niche markets.

And a niche market is a very tightly focused group of people looking for a specific product or service. Niche markets exist as sub-groups within every major market field.

For example, within the very broad video game industry there are people who only play the Xbox system.

And within the Xbox customer base there are people who focus on sports games.

And within the base of Xbox sports game fans there are individuals who like football games above all others. Inside this group there is a loyal core of Madden NFL fanatics.

Among the people who play only Xbox, prefer sports games, focus on football games, and really get into Madden NFL there are customers who play online tournaments. And within this very tight group of consumers there are people who only want to play as the Dallas Cowboys.

Can you see where this is going? The “deeper” you get into a group of customers the more specific the wants/needs you find, and this is what niche marketing is about.

And the more tightly focused a group of people, the better your odds of making sales (if you have or can acquire what they want and need). Also at this level of marketing you’ll have less competition.

For instance, many people online are looking for cell phone deals. Among this massive pool of searchers there are those who want or need prepaid cell phone service, and within this group are individuals who use or want to know more about Net 10 Prepaid service.

You could look at any marketplace and find multiple niche markets. And herein lies the key to easy money.

The Web is getting crowded. Competition is fierce everywhere. There’s more than enough prosperity to go around and there always will be, but you’ll make it easier on yourself if you find ways to get really targeted with your product offers and overall marketing strategy.

To get a little more information on Niche Marketing take a moment to browse this Niche Marketing Course Review. Also grab your free crash course on niche marketing basics.