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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.
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