When doing niche marketing, you are simply targeting a smaller group of individuals in a market. For example, instead of going for “Bodybuilding”, you target a smaller chunk of the bodybuilding market, like “cheap supplement for teens”.
We all agree that this will result in less potential customers as we are not going for the entire market. But this also means that there is less competition. And when marketing online, competition is a huge factor. Less competition means that it’s easier to make sales.
Below are 3 reasons you want to consider niche marketing.
Reason #1: You don’t need to be a corporate
While targeting competitive markets require your website to have the fancy looks, smaller niches don’t need to look over-professional. A simple WordPress theme installed on a cheap Hostgator hosting plan will do. You can come up with your own company name. But you don’t have to. If your name is Jim, your blog/website title can just be “Jim’s blog” or “Jim’s reviews”. You can even have a picture of yourself in the side bar. Actually people love to read what other people write – not big corps.
Reason #2: You don’t need expensive resources or skills
The big guys shell out a lot of cash for maintaining their competitive levels. Article marketing, video marketing, backlink building etc. You need to do that too, as a niche marketer, but certainly not on the same scale that these guys do it. Most of them need 100’s of articles daily and have expensive software for video making. You can get started with 3 articles and Windows Movie Maker!
Reason #3: You actually provide a better service
My guess is that you are a 1-person army. Meaning you don’t have a huge team to back you up. Well, do you think you’ll perform better if you service only a niche or a market? The research is way easier to perform on “exercises to build biceps” than “build muscle”. Articles are way easier to write. And sales are more likely to happen, just because you’re providing good info on that specific subject.
Play around with the Google Keyword Tool. Come up with long tail keywords and find ways to monetize them – ads, affiliate products, cpa offers, your own product, etc.. Once you are successful with niche marketing, then you will have the required experience to judge whether you can move to something broader or stay in niches.
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