01 Jul
Posted by Entrepreneur as Affiliate Marketing, Business Start Ups, Entrepreneurship, Internet Marketing, Making Money Online
Without discovering a micro niche to target you will be competing with the masses & your chances of making any significant amounts of money online will be greatly reduced.
So working in a general market, like health for example, will require a massive marketing effort to allow you compete with the big guys & for most home internet entrepreneurs such a marketing campaign would be out of their reach.
A niche market is one that has a degree of specialization to it as well as a certain amount of interest & demand and not too much competition.
So the Health Market, in the example above, would not be a niche as such but would be a general market, however if you targeted a specific area of that niche, for instance a certain type of acne, you would have a niche market for which there would be a certain amount of interest.
You would then examine the market & determine its most common need, for instance a special cream for the special acne condition, and then market that cream.
If done correctly you would probably quite successful in that niche as it could be classified as a lesser known niche without too much competition but with a strong demand that can easily be satisfied and make you some good money in the process.
Following on from what was said above it is quite easy to see how important it is to embark on a market research exercise before just jumping into any general market – proper niche research will set you up to capture a needy market & enable you to generate a decent, sustainable income stream for yourself.
So to give your online earning potential a boost, read these 3 Rules for Reaping the Rewards of Targeted Niche Marketing which will provide you with groundwork you’ll need to find that scarce, but highly profitable niche.
3 Responses
Tweets that mention Niche Marketing is Where the Real Money Is by Internet Business Resources -- Topsy.com
July 1st, 2010 at 6:12 pm
1[...] This post was mentioned on Twitter by Niche Tweets, MarkB. MarkB said: Marketing in a micro niche is a must for any entrepreneur hoping to make any sort of decent money online: http://bit.ly/dCJtrz [...]
Niche Marketing is Where the Real Money Is by Internet Business … | www.NicheThoughts.com
July 1st, 2010 at 6:35 pm
2[...] more here: Niche Marketing is Where the Real Money Is by Internet Business … Tags: certain-type, general-market, health, health-market, marketing, niche-market, [...]
Max
July 5th, 2010 at 12:49 pm
3Great post – niche marketing should be standard marketing procedure for any entrepreneur wanting to make money from the internet.
Finding a scarce but reasonably popular niche is what you need to make money online.
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