Wednesday, 16 September 2009

How To Succeed After Finding Your Micro-Niche

One thing new internet marketers often fail to do is market to a well defined micro-niche market. That is probably why such a great proportion of minor Internet businesses fail. Competing with established markets without narrowing your market down will be very hard to do.
Starting with a unique product of your own that has a well-defined market appeal gives you a built-in advantage since it is relatively simple for you to accomplish top rankings across the total spectrum of search engines simply by writing about your merchandise and posting your articles on your website and on your blog. Even if you have no awareness of Search Engine Optimization techniques or keyword research, you still have a respectable chance of achievement as the keywords you need for your products will spontaneously occur in the process of writing about them. As you are one of the few people to be writing on that specific subject, simply by publishing your articles on your site you are likely to hit page one of Google.

Your articles and blogs should start to generate a small amount of visitors to start with as long there is a market for your product. Now, provided that you have made it straightforward for people to pay for your products, and as long as the prices are within expectations, your odds of converting a reasonable percentage of that traffic into sales is really quite high.

This is because anyone who finds your page will have put a very specific phrase into the search engines.  This often means that the person is more intent on buying something or at least is very interested because it is such a specific search phrase.

Your results will no doubt increase if you apply SEO techniques to your web pages, and more actively seek out and develop your market on the Internet, but you can get a long way simply by writing on the subject of your niche product and benefiting from the long tail keyword phrases that occur as a natural result of what you write.

So how can you seek out and cultivate your market?

By going wherever it is. Think about where your likely market may hang out on the Internet. Which forums would they frequent? Sign up to those forums and join in the conversations.

Develop your market by actively responding to both direct and indirect inquiries. By indirect inquiries I mean those questions that folks post on forums that are related to your niche-market. By responding to those inquiries on the social sites, you are setting yourself up as an expert in that specific field. Simply add a link to your website in your forum signature file, and each time you respond to an inquiry, you will be quietly making a way for the readers of that thread on the forum to see your website.

When people visit your website it is a good idea to have a means to sign up for your news letter. You can use an auto responder to set up this kind of service. This is a splendid way to collect names and e-mail addresses of  customers and connect with them via e-mail.

Many people make the mistake not to follow up with messages they get from prospective clients. Be diligent in responding to any inquiries you receive by e-mail. When people ask you questions they are in fact engaging you to help and advise them and if they like what they hear, you stand a good chance of changing that person into a loyal customer.

Something else one can do for good search engine positioning is to write articles about your micro-niche market and post them in article directories. You have already gained good search engine rankings for your niche product, and every time you post an article on one of the leading article directories you will strengthen your place at the top and dominate your niche market.

The great thing about all the above is that it is free or very low cost to do. Your biggest expense would be your auto responder, for a micro-niche concern with a mailing list of less than 500 names we are looking at a budget of less than twenty dollars a month.

So as you can see, if you can set up a micro-niche concern with a viable product you can accomplish success on the Internet much more easily than if you try to compete with the big boys in broad and competitive niches.

4 Comments:

Blogger holm303 said...

Hi Phil,
A very good post. By selecting a
micro niche market you are greatly increasing your chance of being successful on the internet.

LyleH

http://www.monthlyincome-fromhome.com

19 September 2009 at 15:48  
Blogger Michelle said...

Hi Phil

It is definitely easier to get an internet business making money much quicker if one chooses a micro niche market as these markets are not nearly as overcrowded and competitive as say the internet marketing niche. Thanks for a great post.

Michelle Jayes / Online Income Opportunities

20 September 2009 at 16:04  
Blogger hirohurl said...

Hi Phil,

I agree, niche markets are easier to sell in. I have been selling mahjong sets and equipment using this method. I sell from my own website and also from http://tripleclicks.com/bargains by funneling targeted traffic across to the site. The advantage of the second method is that other members of Tripleclicks will pick up on your products and start to promote them as well, effectively turning your business "viral".

Cheers for now.

David Hurley

21 September 2009 at 04:35  
Blogger khaony said...

Hi Phil,
You're giving very good techniques and great information how to succeed on the internet business. Excellent post.
Thanks

Kha
Computer Work At Home

8 October 2009 at 03:02  

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