What is Niche Marketing
What is Niche Marketing
What is Niche Marketing and why should it matter to you?
Niche Marketing should matter to you because it can allow you to identify and profit from smaller segments of a market with little competition to market against. It can allow you to setup and test low cost marketing campaigns, and quickly adjust you marketing strategies based upon your results.
According to Wikipedia, a niche market is the subset of the market on which a specific product is focusing. So the market niche defines the specific product features aimed at satisfying specific market needs, as well as the price range, production quality and the demographics that is intended to impact. It is also a small market segment.
Niche Marketing Online
An often used technique for affiliate marketers is Internet-based niche segments of larger markets, referred to as niches. A website can be developed and promoted quickly to uniquely serve a targeted customer base, giving the marketer results not typical among the general market. This technique can then be repeated across several other niche websites to produce a compound effect that will result in increased penetration of the said Niche Market. A bigger niche is harder to market to as the expense of online advertisements increases according to the popularity of the keywords used (on Adwords, for example).
Some niches may become saturated with marketers, increasing competition and thus reduce the slice of the pie available to each competitor. One solution is to find smaller, “undiscovered,” but still profitable, niches, usually by searching out the best keywords to target.
These lower cost keywords are called long-tailed keywords, as in the long tail of secondary keyword phrases that usually follow the main keyword in popularity of number of searches conducted by internet users. Because some are so obscure as to have few or no clicks per month, the trick is to find the right ones to target.
Niche Marketing Success
There is great money to be made in low hanging fruit! To many people focus on ultra competitive markets while passing by local service provider gold mines, or smaller online niche markets. Understanding what is nice marketing has allowed us here at 10Tier.com to tap into profitable niche markets, and then duplicate small successes into large generating streams of income.
If you want to learn more about niche marketing, setting up online income systems we invite you to register for free on our site to gain access to FREE training guides and resources.