Niche Marketing is quite easy to define although it can be very confusing for those who are new to it!
A niche market is a distinct group of people who are interested in a particular subject, hobby, type of product and anything else where you can group people together because of their common interest or need. When we are trying to find niches for our marketing efforts we need to really focus in on groups of people with common interests or needs.
When it comes to finding, what will hopefully be, a profitable niche we want to find a group of people which is large enough to generate some money from. However, we don't want it to be that large that everyone is trying to market to them.
You might think that "Dog Owners" is a niche. Then when when you recognise that there are hundreds of millions of dog owners it's not really a niche that we could easily market to!
So perhaps we can look at people who are looking for advice about "House Training a Dog" but even that is quite a substantial group of people!
So what about people who are looking for help with "House Training an Older Dog" is that a good niche market?
Yes that looks much better because it is a smaller group of people and a much more targeted niche.
Do You Have Any Questions About Niche Marketing?
Love your articles. I always learn something new.
Thanks for explaining all that. In my experience, if one can learn to identify a niche properly, he has done more than half of the work required for successful internet marketing.
Thank you for your very clear and concise explanation of niche marketing. Really feel that it is vital to try to get to grips with this and be very focused.
I've been working on four basic niches but not doing well as yet. I stick to what I know - but getting the word out to the right markets is taking some figuring out. I'm looking forward to learning what you are the best ways to zone in on specialty niche markets.
I have been in this for quite some time now. I only don't understand how to measure the competition or how much effort I might have to put based on other sites on that particular niche. Nicely written article. I will keep an eye on your articles, I have a lot to learn.
This is tricky, especially for someone who has many interests. I've got to take niche marketing more seriously.
Thank you for explaining this. I'm trying to get more focused.
I've learned quite a bit about niches since I started writing at Squidoo a few years ago. I believe I will keep my niches more focused in my writing at Wizzley, in an effort to build Google credibility!
Short and sweet explanation of a niche and niche marketing. With the saturation of the internet, I think it's important to consider one's niche and use it to their advantage and incorporate it into the marketing plan. Thanks Paul!
I am realizing more and more how important it is to find a niche and it is working for me in some areas. It's always good to read more about niche marketing.