Just Wasted A Ton Of Money On A So Called Niche ?
Saturday, October 31st, 2009The term Niche marketing is bandied about by online marketers like it’s the cure for all ills. You can’t turn around in one of those heavily trafficked internet seminars where thousands meet to “find the cure” without running into half a dozen splinter groups discussing the merits/demerits ( but mostly merits ) of tightly focused Niche marketing.
So, for the newbies amongst us, what is niche marketing? Can we eat it, buy it, use it up or make the ecology green with it?
So how would we define it ? * It’s the current fad, but its not ( This one has really long legs ) * It’s not going to be a good Xmas present – so don’t look for it * It’s not going to make anything bigger longer or … ( u get the msg ) * It’s not likely to be a new job opening anywhere soon
Niche Marketing – An example
I am going to make up a definition on the fly here. Niche marketing is marketing that is directed very specifically at a very narrow vertical market segment. So, let’s try this one.
Marketing to those that buy – runners. Niche or not? Not – Nike runners. Niche or not. Not (What did that surprise you?) – Nike marathon capable running shoes. Niche or not? Feeling the sun yet ? – cpu enhanced marathon capable Nike runners. Niche or no Niche? Jackpot !
So, the warmth of the sun is shining on our face, its going to be a great day. We can now see the light, yaddy yaddy, yaw. So where do we go from here? We have accurately identified a niche right? And isn’t that what everyone is talking about? Do we stock up now or wait for Christmas?
If you want to lose your shirt go ahead! That was a joke, don’t do it. Please don’t think that I slipped and just told you about my huge money maker and have now decided to take it back. Further from the truth we could not be. We have an unproven premise here.
The little questionnaire is not the process used to find a niche market product or service. You really need a tool for that. It can be done manually but searching hundreds of ideas manually isn’t anyone’s idea of fun. That was merely an example of what a niche market might look like, but for any number of reasons, I would never enter that marketplace – and I don’t much care if 4 of my marathon running friends ask me for those specific shoes next week.
So was that a poor example of a Niche Market ?
It might be and maybe it wasn’t but we don’t know that yet. When doing this kind of research one has to remind oneself that people use specific key words when searching for a product or service. Only the search engines, search engine tools ( like KeyWordwatcher ) really know what is being searched for. And unfortunately only niche marketing software tools can give one the market intelligence needed in order to make a business decision.
If we know how many people are searching for the product and how many competing websites there are, isn’t this enough information to quantify this as a niche product? Wasn’t this what groups traditionally used to make their decision in the past? Well, it was, but it’s not enough anymore. There are tools out there now that can make a newbie 10 times more efficient and powerful than the traditional analysis used just 6 months ago.
Perhaps you are experienced and know that this was not the process used to find niches. Perhaps you are still using the tools inside google adwords, or google trends or KeyWordwatcher. They are time tested and have worked wonderfully for the past few years but a newbie using a niche market tool and having little or no knowledge of the existing search tools from Google could blow you and I out of the competitive water in less than 5 minutes.
A specialty software tool will use those numbers and up to two dozen or more variables, including rating scores on competition based not only on whether the key words show up in the sites ( which is not necessarily competitive ) but also whether the keywords are in the url, the domain or titles. The same tool might also check for commercial or non-commercial articles for article publishing as well as opening clickbank for affiliate products and opening up other affiliate product searches to verify that there are related affiliate products. And this might be 1/10th of what a commercial niche tool based product might do for you.
Finding Niche Products is now so easy, even a newbie can do it. It does not require the in-depth type of intelligence that former adwords professionals used to use. Follow the links back to the videos. In 2 minutes you will be convinced.
Something new in keyword research. There is something called commercial intent. Microsoft has an online program that enables one to determine to some degree whether a searched for phrase has stronger commercial intent than research behind it.
Discover what few people know about finding micro niche products quickly. Watch the impressive videos then take action. Uncover the secrets used to achieve startling online marketing success
