Exploring Multiple Niche Marketing

Advertising for niche markets is attractive because of the ability it gives you to heavily focus your marketing

. You can have all of your material heavily geared towards a specific group, and the more focused any kind of marketing becomes the easier it is to achieve success with it. You can be certain that you're designing something that your customers will like, because you have fewer people you have to please.

Making sure that all of your marketing material carries the same theme and is aimed at the same market creates the best niche marketing. Whether you plan to print business cards, send out postcard printing, or put up posters, all of them can be designed with your select group of people in mind.

The thing that turns many companies away from niche marketing though is that a niche is naturally smaller than other markets. You'll have more success, but you'll have a smaller pool of customers to begin with, so successful niche marketing doesn't always lead to massive sales.

However, if your company is large enough, you might consider instead focusing on multiple niche markets rather than just a single one. The size of your marketing budget will dictate whether or not this will be effective, because there are some plusses and concerns to be aware of.

The bonus to an approach like this is the ability to once again have focused marketing, and because you're targeting multiple niche markets you can have a greater growth rate and a larger customer base. You gain all the benefits of niche marketing while avoiding the typical pitfalls.

If you plan to do this than every kind of marketing should be separated to best suit each niche. You might even do business card printing for each one, almost becoming multiple companies to best draw in the largest niche audience.

The downside is the larger costs for your marketing. While you are having better success you have to spend more money because your marketing is divided up like that, forcing you to design multiple types of advertisements rather than just have a few ones you can send out to all of your niche markets at once.

It can also be difficult setting up those various different marketing departments, and you'll have to research a wider variety of separate areas, increasing the time it takes to research.

The bottom line is that this approach can hand you a lot of success, but to have the initial capital to pull it off might be difficult. You could obviously start with one niche and start to develop your marketing from there. The choice is yours. Remember too that not all industries work well with niche markets, or have very many niche markets to choose from. Odds are good your industry will dictate your actions.

Exploring Multiple Niche Marketing

By: Kate

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