Are you looking for a way to be able to “corner the market?” If you said yes, then there are a few different marketing techniques that you should know about that will allow you to effectively corner your niche market. However, before you can use these tips the way they were meant to be used, you will need to know what niche marketing is. What niche marketing allows you to do is to focus your business on one targeted segment of the population.
You need MANY sites. While it’s possible to start profiting immediately from a single site, if you really want to make the kind of income you’d be proud of from your Niche Marketing, you’re going to need a bunch of niche sites.
The answer is simple, you specialize. No matter how huge Amazon is, sometimes you still wouldn’t be able to find books that you want. What types of books are people searching for that they can’t find through the mainstream booksellers?
Take notes the next time you go to a magazine rack. What are the first three magazines that grab your attention? Each could be your general niche to start with. Look through your book collection at home, and find a common theme that is obvious, or have someone else do that for you.
A niche market is usually a tiny part of a larger market. As such, it is more specialized and therefore, more targeted. If 500 people live in an area, half of them might not be interested in your products. That still leaves 250 prospective buyers to target and make a sale. If your product sells for at least 0 each, do the math – that is a lot of bread. So, how do you find your niche market?
O One of the great things about this field is the money possibilities. If you are starting out, you need a good target area. Try and locate one area where the demand is limited to a niche or a small group. It can be anything that you can think of, but just in case you can’t zero in on anything you can always conduct research.
You can make money taking surveys or doing data entry. This is actually possible because there are businesses that will pay consumers for their opinions. It not only gives you an opportunity to help influence the shape and design of future products, but it also allows you to earn money doing it.
Make sure you are addressing a unique need. You want to stand out from your competition and address a need that nobody else is addressing. You may have to do a little market research to find out what people want that they are not getting from the current products or services that are already available to them. But it will be well worth your time.
Keyword research is an important part of any niche marketing venture. Whenever you want to look for a new niche or start a Google AdWords campaign, you need to do keyword research. Effective tools include Wordtracker, Adwords’ own Keyword Suggestion Tool and Keyword Discovery.