One of the things that advisable for the business owner is to look for as many niche marketing examples as possible and take from them, specific examples that can be used in ones own business. Carefully analyzing the end user market using specific market segmentation strategies and processes will mean that the business owner will end up with a clear picture of its ideal client and where the main focus of the organization needs to be.
When considering specific internet marketing niche strategies – this will include making use of the various technologies such as podcasting, video marketing, blogging and a whole host of other tools that can be made use of to build ones business and brand making use of the universal power and availability of the internet.
With that said, we should make note that it is critical at the outset to ensure that the core value proposition and theme of the company [whether they happen to sell books online] is developed andcommunicated to the end user market place. When all is said and done – no matter what type of business is being executed, it is critically important to get the business fundamentals in place as early as possible, when this is done any small work from home business can end up ‘looking like the largest corporate and capture significant amounts of market share in their target market.
When we look at various companies and businesses that are found throughout the world – many people go on and wonder what it takes for those companies to keep major market shares and keep their brands at the forefront of the end user customers. After analysis we can be sure that it is down to significant and quality sales and marketing strategies that are developed and executed that can account for the success of those businesses.
With the widespread use of the internet, the use of a coherent business marketing strategy and of technologies – there is no reason why small work from home business cannot get hold of the very same go to market business strategies that are used by some of the most successful companies.
There seems to be no shortage of small business marketing ideas from which to choose from and with the state of the economies we see that there is a growing number of people who are looking to make their dreams come true their small work from home business. Some of the small business marketing strategies that have to be considered are in the area of niche marketing. This is an area that is not understood by many business owners and yet, when it is understood we can see remarkable increases in the fortunes of any business.
… more on this in the next post : let me know what you think.
I talk to many small businesses, some are startups and many others have been operating for a few years. One common theme that I see is that when I start to explain about my three month marketing strategy process which includes focussing on Channel Marketing, Internet Marketing, Category Marketing, Market Segmentation, Branding, Supply and Demand and more there is a reticence and reluctance to stop and consider the marketing process.
The point is that so many small businesses and work from home organisations are in love with their product and not necessarily looking out and seeing what is is that the customer actually desires, wants and needs. That is one reason why business do not grow – as they continue to do the same things over and over again.
I find myself explaining that there is a reason why all the large corporates have marketing departments and why people go to university to study marketing. Unfortunately this falls on death ears in many cases and the owners continue to (try to) do the marketing themselves. The skill of business negotiation and communication must be learnt and deveoped over time as with any other skill.
If you are running a small business, whether it be a work from home operation or you have employees in an office. Consider this, where could your business be in say six months time if you stop and spend some time on working on the most critical part of your business which is your marketing strategy. Do not fall in love with your product, fall in love with the marketing process and continually searching out and determining what it is that your customers want. This is how businesses grow, make your business a growth business and consider stategies such as niche marketing on an ongoing basis.
Interested in hearing if you have any comments on this.
Every business whether big or small, national or international, family run or corporate structured – exists to provide a product or service via a marketing channel to the end user customer.
That is so simple to say yet so hard to focus on marketing and making the process of provision of the product smoother. Based upon my experience in working in over 20 countries throughout Europe, the U.S. and the Far East and working with my small business clients – I’ve put together a short report covering, Branding, Category Marketing, Niche Marketing and more. It is a part of the business man’s encyclopaedia and you can a free copy at http://www.businessmansencyclopaedia.com/
Now many new business persons or entrepreneurs are willing to make money via websites. But they are afraid to pursue their investment in a niche-market because they fear they will not be able to win significant business in this field. But right advice from experts will make a shift in your perspective. It is really hard to stand out in any market without a distinctive set of prospects in mind and expert advice. I.E. you should always be thinking about which segment of the market you are targetting with your product or service.
This is the essence of Niche Marketing and Market Segmentation and you be constantly refining these strategies to seperate yourself from the competition.
That’s all from me for now, to learn more about business and business strategies – visit :-
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I consider Niche Marketing or Market Segmentation a key element to any business and/or business plan. Failure to analayze your target market into specific niches or market segments will inevitably mean that you end up marketing and promoting your product in less than the most efficient manner.
For those who have a business and how are not familiar with the advantages and disadvantages of niche marketing should look to get some basic education on the subject even if they are looking to hire a consultant to work with. I follow leaders and Stephen Pierce is a world leader in internet marketing and business strategies. Take a look at http://www.winningintheniche.com/ which is an excellent resource to give one a solid foundation on the benefit of niche marketing.
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Determining your ideal customer for your Products and Services is one critical piece of the jigsaw puzzle when it comes to your Internet Marketing business strategies. Niche Marketing or Market Segmentation will help you with your small or home business because you will be effectively marketing your products and services to the sections of the population which are most aligned to what you have to offer.
I mostly consult with small business who have been in business sometimes, 2, 3, 4,5 or more years and most have never used a Business Consultant to help them with the niche marketing and market segmentation tactics and stragies which are so critical to the success of any business.
I thouroughly recommend all small and medium businesses take time out to define their markets and end user customer base and updating their knowledge, products and services accordingly. I highly recommend you take a look at this excellent resource at http://www.winningintheniche.com/ by Stephen Pierce and Patric Chan which will guide you through the landscape of Niche Marketing and Market Segmentation with your product and service.
Good luck in your endeavors, let me have your comments – get in touch if I can help you in any way.