Niche marketing is finding your best target audience, and tailoring your marketing strategy to that specific target. Furthermore, finding your niche market is the most important thing you can do before building your Web site. Why? Laura Lake, of about.com, states the following 5 reasons:
- You have the ability to maximize your marketing budget by targeting your defined niche market. You’ll know exactly where to advertise. You’ll know where to look to find e-zines and related sites that are catering to your market. This gives you a starting point.
- Your site can then be optimized for search engines so that your niche market can find you easily.
- You are able to cater your site to your niche market. You can develop your site to guide your viewers and help them find solutions or products that you offer that are specific to the problems that your niche market encounters.
- A defined niche market makes it easier to develop ideas for new products or services that inherently appeal to your specific niche.
- You have an upper-hand in establishing yourself as a leader in your industry.
Finding your niche isn’t as difficult as you might think. Lake suggests you answer the following questions without thinking too hard – just write down the answer that first pops into your head:
- What is it that my current clients have in common?
- How do I set myself apart from the competition?
- What is different about services or products that I offer?
- What are the “extras” that I bring to the market?
After you’ve answered these questions, you can examine your answers to define who your niche market is. Essentially, you’re trying to best understand what makes your company different. For instance, a cabinet maker builds and designs exotic-wood cabinets for homes, offices, boats, and luxury motor homes. What do you think will make him stand out from his competition? Let’s point out that there are a lot of cabinet makers who specialize in exotic wood in his location. But, few – almost none – have the expertise and experience in designing and building for tight spaces like boats and motor homes. So, owners of boats and motor homes are now his niche and he can target this audience by using more pictures of these types of projects than any other.
