Many marketers limit themselves to the tried and true traditional forms of marketing in order to get the word out about a new product or service online. Old marketing veterans claim that you must approach the masses in order to collect as many sales as you can. The principle is that you seek out an enormous group of buyers who have interest in a single market, and then sell your products to them. By way of example, for a fast food chain, the target audience comprises all sorts of people from all stages of life.
This means they have to spend a lot of money on advertising and promotion to reach this market, and at the same time, if they target their adverts only to people who are interested in “hamburgers”, they risk alienating the other potential customers. Whereas with niche marketing, the advantage you have is that you’re making your efforts to target and sell to only a small group of people who are easier to reach, cheaper to advertise and make sales to.
In this article we will talk about all of the benefits that can come from a targeted, niche marketing campaign and why you should use it to increase your traffic and sales.
The best thing about niche marketing is that it lets you center on a specific group of people on the web who have already demonstrated their willingness to learn more about your products – and their eagerness to buy them. In other words, you are indirectly targeting people who are more likely convert into sales. This lowers your workload and is much simpler than tossing a product out there without knowing if there is a good market for it.
Once you have found your target audience you can figure out what they want and either find an affiliate product to sell or create your own product or service for for sale. Whichever route you decide on, your product should be something that offers a solution to a problem they’re experiencing. You are a facilitator, you make sure that the prospective customer gets access to the solution he has been waiting for.
Another thing that nice marketing can keep you from revolves around developing an item that no individual wishes to purchase; surely this is the worst nightmare of any marketeer. When you select a niche, you know that they are willing to buy the product/service you are selling, simply because they are interested in the solution offered by you.
That definitely increases your chances of making sales and makes it easier to predict future business volume, growth, and profits. While there are some customers in the “general” market that may be interested in your products and/or service, these people should not be confused with your target market.
Niche marketing involved clients who are very clear in what they want.
You only need to help them find the way to get what they need, they are already certain of what it is they want.
Large companies who are aiming at the general market don’t meet the specific needs of small market segments in the way that you can.
To compete against mighty Amazon.com, you would not start another Internet book store; certainly not, instead you would open an Internet bookstore which features motivational books. That’s how you beat the bigger competition by dominating the smaller markets.
Internet marketing gurus have lauded niche marketing as perhaps the most advantageous methods for garnering web visits and increasing sales. Lots of online marketers remain under the false assumption that the way to big sales is through focusing only on the big markets, and that’s just not true. If success is your goal, you should get into niche marketing and forget the other strategies.