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Tuesday, November 24, 2009

Niching Your Niche

You've heard me say lots of times before that understanding who your customer is, and why he'd buy from you is a very important first step.
Okay, let's assume you believe me. What then? What do you do AFTER you know who your customer is? How does this knowledge of your customer affect what you do in your marketing? Well, one of the great things about knowing who your customer is, is that you're much more likely to realize that the market you've chosen has lots of little sub-markets inside of it.

For example, if you've got a product to help people lose weight, you might be thinking that your market is "all people who want to lose 10 to 100 pounds". Well, that's a big niche with a lot of people, and it would take quite a lot of marketing to go up against the likes of Jenny Craig, Weight Watchers, and Nutri-System with your general, one-size-fits-all weight loss system. Where, for example, would you advertise to find all people who want to lose weight?

You could advertise just about anywhere to find heavy people. And it would cost you a fortune to do it. But if you think about it a bit, inside of that large "weight loss" niche are so many smaller niches. If you don't know this already, you ought to quickly learn that it's far easier to gear your marketing towards a smaller niche, with its own specific needs, priorities, and world-views, than to a larger market.

It's far easier to target your marketing towards a smaller niche, and you're much more likely to make a big impact with all of your marketing. Here are a few examples of sub-niches in the weight loss market:
Massive Weight Loss
The emotional and physical pains of those who are very obese is very real, and not very well understood by those who are of a more "standard" weight. If I were 100 pounds overweight, I wouldn't think one of those other popular plans listed above would be for me.

I'd believe that I'd need special attention, whether I really did or not. (That's true, actually, of all of these sub-niches -- everyone thinks they're special, and are happy when someone else tells us that we are.)

Weight Loss for Diabetics
Diabetics have to control their weight, or their disease will worsen, and their reliance of drugs will increase. Plus, certain foods are just plain forbidden.

Special Event Weight Loss
Some people want to lose weight for a special event, like a high school reunion, a physical evaluation or even a date. Don't quite "get" this idea yet? Well then think about a bride who wants to fit into her wedding dress of her dreams in just a month from now. Do you think she's motivated? How do you think she'd react to a product called "The 21-Day Bride's Diet -- How to lose 12 pounds in 21 days, and look Beautiful in your wedding dress!"
I think I know. She'd react with her credit card.

Weight Loss For Men
For some reason, most of the weight loss advertising I see is targeted at women, without coming out and saying so. The colors used are for women, and the words used often resonate better with women. But what about men?
Nutri-system runs special ads for men, but those ads aren't for the regular plan. They're for a special men's plan, and the ads feature quarterback Dan Marino. Smart!

If I were in this market, I'd create a product named something like "Weight Loss for Former Jocks -- How to get back to your college weight in 30 days or less."
Do you think that most 40+ and 50+ men (especially those who are recently divorced or who have lost their wife) would find a product by that name appealing?

Weight Loss for Specific Occupations
Oddly enough, some occupations create heavier workers. Think, for a moment, about the stereotypical police officer. He's overweight and eating donuts, right? Well, it turns out that certain things about a police officer's job -- his shift, the time and opportunity to eat a healthy meal, and the amount of time he sits in a patrol car, or behind a desk -- may result in him carrying several more pounds than he did when he graduated from the academy.

To that person, a "Policeman's Diet" would have special appeal.
There are endless niches within weight loss, and I could go on for a long while imagining new ones -- some good and some not so good. And if I were going to enter into the weight loss market, that's exactly what I'd do. I'd imagine. Then, I'd brainstorm the marketing for those niches. I'd take the best ones and do some market research to make sure that even though I was niching the market, that it was still plenty big for me to make a big chunk of dough.

And if it panned out, and everything looked good, I'd develop a product designed specifically for this niche. That's what you should do, too. Now, this is particularly easy if you are developing a product from scratch, since you're starting from a clean slate. But you should also know that if you already have a product, or are representing a product as an affiliate, or even if you are starting up a new blog (for adsense or affiliate marketing), you can still modify your own marketing for specific niches.
It's not hard. It just takes a little bit of knowing your customer, and letting him know that you understand who he is and what his problems are. After that, his wallet will follow.

To Your Success,
HappyDazz
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Feature Article: Make the Leap to Home Business Success

Make the Leap to Home Business Success
Copyright © Stone Evans, The Home Biz Guy
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Before you can have a successful home based business, you must first possess 3 "intangibles." These are things that must come from WITHIN you.

 ===> Intangible 1 <===

First,you must have a strong WHY.

Why MUST you have a successful home business? What is driving you? What is it that you CAN'T have in your life anymore and/or what is it that you absolutely MUST HAVE now?

For me, I couldn't stand working 12+ hours a day anymore and missing the experience of my children growing up. I also absolutely HAD TO HAVE the freedom of being able to control my life and finances through a little box (laptop computer) that I could carry with me anywhere in the world and not be tied to anyone's time pressures or demands but my own. That was my carrot and my stick. I felt a great pain deep in my gut of missing out on my children's lives and the incredible freedom that succeeding in a home based business would provide for me. I found my why. You MUST find yours.

===> Intangible 2 <===

You must BELIEVE that it is possible.

If you don't believe that it's POSSIBLE for you to have a successful home based business or make your living from home, you won't. It's that simple.

For me, figuring out that it was possible was just a matter of realizing that many other people were ALREADY making great money working from home. If they could do it, I could too. It would just be a matter of figuring out what those people were doing and then adapting it to my situation.

There is no shortage of undeniable PROOF that people (millions of them) are making money working from home. Just get online and do some research and you'll find countless testimonials and stories of REAL PEOPLE making real money on the Internet. Or head to your local bookstore and you'll find the same documented evidence of this fact. Truth is, it's getting easier and easier to make money with your own home based business.

I've always said that "affiliate marketing" (a simple way to make money from home) is the job of the future. In the old days, you had to go to a potential employer, apply for the position and hope for the best. Now you can simply go to any company you want, fill out their affiliate application and start work immediately. Affiliates are the new working class. In fact, making money with affiliate programs or making your living on the Internet is WAY MORE than possible. It is pretty much (or will be soon enough) unavoidable now. Affiliate marketing is the "job" of the future that's already here TODAY.

===> Intangible 3 <===

You must be willing to MAKE THE LEAP.

Ready, FIRE, then aim... This is the operating philosophy you MUST adopt to succeed with a home based business.

That's backwards for most people who like to aim before they fire. The fact is that home based business success is a moving target... The only thing constant about it is change. You need to stop analyzing the game and simply jump into it. You can't learn from the outside... You have to be *IN THE RING* to truly understand and profit from it. In fact, this is a business where you can truly be earning WHILE you're still learning...

The lesson here is that you will never really be READY to start a home based business. You simply have to start one. It's like having children... You're never really ready, but when it happens you adapt and grow and therefore you succeed. This is what I call: "Making the Leap"!

The good news is that the cost of failure with having your own home based business is very small. In the "brick and mortar" world you need to evaluate things very carefully before you decide to open up a business. It's almost always necessary to invest thousands of dollars to get an offline business off the ground. However, on the Internet you can often start a successful business for less than $100. The Plug-In Profit Site is a great example of this where you can get your own money-making site setup free within 24 hours:
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You simply need get IN THE GAME... Each moment that you stay "out there," you're wasting valuable time that you could be learning and skills necessary to build a successful home based business. In fact, if you're not in the game yet, you're ALREADY behind the times... Make the leap to starting and building a successful home business TODAY!

About Stone Evans, The Home Biz Guy:

"I Was A Washed Up Restaurant Worker Desperately Searching For
A Way To Save My Family When I Discovered The Internet And
Affiliate Marketing... 24 Months Later I Finally Cracked The
Code And Started Earning Over $10,000.00 Per Month... Now The
Same System That Saved Me Is Available To You!" Make Money Now!
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