The
Internet has the ability to transcend through barriers such as cultural
and social status differences. This all-encompassing feature is good
because it is now possible for online advertisers to reach virtually
anyone, anywhere in the world. However, a wide reach does not
necessarily translate to greater profit.
Online
advertising holds a lot of challenges for Web-based entrepreneurs.
Among these is being able to devise a way of coming up with campaigns
that tailor to a specific audience. This is essential for a business
owner to be able to hold his own ground among competitors and ensure
that his product or service will reach people who will be genuinely
interested in buying them.
Promoters
often publish adverts on a daily that is patronized by people who are
most likely to buy a product or avail of a particular service. The same
process is done on the Internet through the use of niches. However,
before we go into further discussion, let us first define what a niche
is.
A
niche is a certain segment in the population where you intend to focus
your advertising efforts on. There are two classifications. General
niches refer to a larger segment which share general traits or common
traits. On the other hand, specific niches pertain to a more narrow and
distinct sub field of any trait or interest.
For
example, after a careful study of the market, you found out that a lot
of people are turning to herbal remedies to cure simple ailments such as
cough and colds. In this example health-related products is your
general niche, while herbal remedies is the sub-niche or specific niche.
The art of selling based on niches is known as niche marketing.
Niche
marketing gives a business owner the option of sticking to general
niches. Still, it is good to note that focusing all your efforts on one
specific niche might just prove to be more beneficial in the long run.
Concentrating on a single one will definitely enhance your knowledge on
that field. Plus, it will save you a lot in terms of operation costs.
2 comments:
Well I agree that working with a good niche is a great way to come up with a suitable product or service that that will market well and people may love.
Exactly... I see you are also into PPC which is great.. Thanks for leaving a comment and more power to your biz!
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