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What Niche Marketing is Not

September 8, 2008 by  
Filed under Internet Marketing, Other Stuff

Niche marketing is not about trying to sell your product or service to the world at large. As a small businessperson, you couldn’t afford that kind of multi-million dollar advertising budget. It isn’t possible. You can, however, with only a computer, an Internet connection and a good idea sell to a smaller audience using niche marketing.

Niche marketing is not about trying to compete. Competition is taken out of the equation when you do niche marketing. You aren’t out there in the world lined up beside or behind a million other people who are selling the same thing you are selling. You are selling to a specific audience that you have created for yourself with your opt-in email list.

Niche marketing is not about selling to different people every day of the week. Once you have your list built, you can sell to the same people time and time again. By taking as much time as you need and putting forth enough effort to get to know the people who make up your list of buyers you can continue to sell to them.

Niche marketing is not about focusing on the big picture. It is about focusing on the small picture and the smaller the better. Narrowing your niche down to a very specific part of a larger market assures you of gaining a fair market share of that small part. The world is a big place and there are billions of people. You only need an infinitesimal portion of the population to have a huge list of potential buyers of your products or services.

Niche marketing is not about seeing only the impossibilities. Niche marketing is only about looking closely at the possibilities. Small possibilities converted to sales can equal big profits.

Need an example of niche marketing? How about my buddy Steve’s plumbing directory, local plumbers. Maybe that’s not up your alley, but the whole point is to go after things you are knowledgeable on (or something you can get up to speed on real fast).

Comments

One Response to “What Niche Marketing is Not”

  1. Clefty on September 9th, 2008 8:15 am

    Hi. Just found your blog today. Boy, am I glad I did :)

    I recently started niche blogging and am following a great step by step course that goes through the detail needed for a newbie. It’s certainly hard work sometimes but I really enjoy it. I have decided to track my niche blog efforts efforts on squidoo! I’ll definitely be coming back every few days to look for updates here! Thanks,

    -Clefty