How
to Find Those Niche Markets
Your Business Can't Afford to Overlook
How many niche markets are perched right under
your nose? ...markets you've been overlooking?
Hey, take a look at the customers you have right
now. Are there any groups that stick out in
your mind? Now let me ask you this...Do your
advertisements and sales cater to any of these
groups?
When I say niche markets, if small businesses,
nurses, or homeowners comes to mind... you're
thinking too broadly. Exactly what is a niche
market?
Niche Markets
Are:
1. Individuals within a group that you can
identify by the same interests and needs.
2. Individuals who are looking for your product.
3. Individuals you have the ability to compel
to do business with you, rather than your competitor.
4. Individuals that you can easily reach
5. A group that is large enough to do the amount
of business you need.
6. A group that is small enough to be overlooked
by your competition.
The greatest value of niche markets is that
they enable you to target your sales messages
precisely. And yes, the more narrowly you define
your market, the easier it is going to be to
address the needs within the niche.
How Do You Find
Niche Markets?
Of course, the first place to start is with
a list of the customers you already have! Dig
around. Are there any similarities that seem
to stand out to you?
Another method involves listing the benefits
of your product or service. Think about it...
which prospects would benefit the most from
this list of benefits? A narrow group of people
should begin to emerge. That is your niche market.
How Do You Reach
Niche Markets?
Get to know them! First you've got to understand
the language of each segment of your clientelle.
Yeah, they may all be speaking English, but
they have their own vocabulary and style that
only an insider is privy to. Get inside the
circle...it's the only way to really gain insight
to their special needs.
Insiders get the real scoop on things that
outsiders never even know exist. When your customers
see you as “one of us” you'll be
way ahead of the competition. Your customers
will have a loyalty toward you that your competitor
will not be able to break through...even with
lower prices...because you are the one who understands
their needs!
Marketers are always looking for low-cost ways
to boost sales volume and profits...it's in
their blood...part of who they are. They can't
resist the urge to find, explore or invent another
method to increase the value of their business...and
most of them know that there are niche markets
all around - just waiting to be discovered.
Who is Allyn
Cutts, and why should you care?
Allyn has spent over 24 years helping businesses
like yours find new customers and increase sales
to current customers. Allyn is a marketing and
sales fanatic, providing measurable marketing
solutions that drive huge results for small-to
mid-size business clients. Allyn works personally
with clients to design and deliver off-line
and on-line direct marketing strategies that
focus on metrics and measurable results. You
can learn more about Allyn Cutts at www.AllynCutts.com
and you can call 610.437.4106 between 10 AM
and 4 PM Eastern Time Tuesdays and Thursdays.