
Niche marketing is an old and very successful marketing strategy whereby a
company focuses on marketing and selling to a clearly defined segment of
potential consumers. The company earns by supplying a unique product or
service to this narrowly defined market which other companies have not met or
provided.
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India, there are 114 million Credit Cards. Just 8% of population. Anybody can
guess the potential in a digitalising economy. Digital India ! The
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Are there potential buyers online? According to the Central Intelligence
Agencys latest figures, there are over 185.55 million internet users in the
United States alone, of these around 139.52 million active users. The Computer
Industry Almanac which compiles statistics on global internet users, records a
staggering 934 million users for 2004 and this market continues to grow.
Do these users buy online? Statistics gathered on internet users, show they do
and their numbers are increasing. For instance, in December 2004, online sales
rose by 53%, from $795 million of the same month 2003, to $1.22 billion 2004,
(gathered by CMP Media a service provider of information and marketing
services to the technology and healthcare industries). For each unique
marketing hook, product and service, your business blog can tap in, thats
how many niche markets you can serve.
You should realize that successful blogs go a step further in providing
excellent content, as well as regular updates or new content. Most websites
provide these services. Rather it is the ability of these blogs to provide the
author and the readers a venue for one-on-one conversations, in an
impersonal medium. By sharing commentaries, thoughts and opinions, the author
positions himself or herself as being an authority in his or her field of
work. If you write content that is relevant to their needs, theyll remember
and keep returning to your blog.
But thats not all; you need to have an abiding passion for the subject
matter or product youll sell. Without this, your blog wont stand out and
carve itself a niche apart from the other blogs.
In essence, a well researched and crafted business blog is a potential revenue
center. It has the authors personal touch and speaks to the need of this
particular consumer. As every marketing analyst knows, when a seller
understands his or her consumers well, this seller gets their business.
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