Understanding Internet Niche MarketingAuthor: Pinky Mcbanon
Internet marketing offers a world of opportunities for the average business man today. It is becoming a popular trend and people are discovering new ways to make their internet marketing successful every day. Among these competitive strategies, it is vital to carve a niche on the internet for yourself in order to compete. Internet marketing works around a number of niches that caters to different people. It tries to make potential customers out of a specific niche market. Therefore, the first step before developing a marketing strategy is to define your niche target market - knowing who you are marketing to.
So what is the need for a business niche?
The internet is a very broad market in itself, so if you are new to the internet marketing business, your chances of succeeding against the hundreds of big businesses online are very little. The best way for you to go then is to think niche! The smaller your niche market, the better your marketing strategies will work. Many people suffer from the misconception that defining a smaller niche market means narrowing their sales or cutting down on profit. But what they fail to understand is that marketing your product to everyone using the internet in general will do nothing to better your sales opportunities, it will only reduce your sales. When you start a business by defining your niche market, what you are really doing is, knowing clearly who you are marketing to. Having a well-defined target audience will help you design the perfect marketing strategy that will work for that particular target market. Knowing who exactly you are marketing to helps you understand where to invest your time and money while marketing your product or service.
For example, if you are selling a car or a new coffee maker that extracts the caffeine out of every bean, you need to know who your customers will be. You cannot wish to sell your car to everyone interested in buying a car or presume that everyone who drinks coffee would like to increase their caffeine intake. You need to think of which socio-economic group your potential clientèle falls under. In case of the car, you need to keep in mind the features, pricing and facilities your product offers and who will be interested in buying it. Everyone that wishes to buy a car may not be interested in the magnificent features that your car has. A middle class man that needs a car for basic transport does not need the various fancy options that your car provides. He simply needs a vehicle to take him from one place to another, making his job easier. On the other hand, if you are selling the new coffee maker, your niche market will most probably be the lower or middle income groups, as they try to make the most out of every penny spent and therefore would like to extract maximum caffeine out of their coffee beans.
There are a number of different types of internet niche marketing strategies. Make sure you research them and are thorough before you invest in your online business.About the Author:
Ms. Pinky is a mom of 3 school children. She is a Systems Engineer, a Technology Researcher and an Independent Medical Billing and Coding Consultant. She and her family is well-traveled all over the world!Her blogs and websites focuses on stay-at-home moms, dads and students who wants to work at home, build homebased business http://www.mommyisworkingathome.com. Visit her Interesting Site on Asian Travels and Destinations. Discover Asia's Culture and Great Food! at http://www.goingplacesinasia.com
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