Niche and Why do you Need One?
No matter where you go online, you are likely to hear the same thing. Before you can get started with your online business, you must find a niche. You will do well to pay heed to this advice, especially if you are new to Internet Marketing.
Each day, thousands of people go online in search of, you guessed it, WEALTH. So many, tend to jump right into those markets that are already so completely saturated with competition and then wonder why it is that they are failing to make any money.
If a person has unlimited money, time and patience, they may have a chance at succeeding. But what about those who do not have unlimited supplies of these resources, it would then be much wiser to start your online business having a smaller niche market.
So what is a niche anyway?
You could purchase anyone of the hundreds of e-books telling you all about niche markets and get the longer answer. Or you could find the definition of a niche from the dictionary. But to give you the shorter version, niche simply means individual or distinct.
Seems everyone and their mother wants to start an Internet Marketing business. The big guns are making their money in this niche market, so it must be the way to go, right. Wrong, that's the problem. So many people have years of experience in this area, that they have totally saturated the market. So, when someone new tries to compete in this broader market, they will likely not have any chance of success.
Susan Ward on About defines Internet Marketing as the strategies that are used to market a product or service online, marketing strategies that include search engine optimization and search engine submission, copywriting that encourages site visitors to take action, web site design strategies, online promotions, reciprocal linking, and email marketing". Anyone who is new to starting an online business will not know enough about all of the areas above to be able to compete in this fast pace market.
So can a new person have a chance at becoming successful? Yes.
But you must think smaller think niche!
You could possibly come up with any one of the following niches just from the definition above:
Copywriting Linking Marketing Email Marketing Web Site Design Search Engine Optimization
Even if you are already extremely experienced or lucky in any one of the above niches, there is still a lot of competition out there in these broader niches. You may decide to do this anyway in the end, but spend some time exploring smaller niches within the more broad areas. This may lead you to finding a niche that you are better suited to anyway.
Finding just the right niche market can be time consuming, for this reason using a resource such as Word tracker can be helpful. Even though you can find similar software programs on any number of sites, Word tracker will help break a broad site concept down into many smaller niches.
What you will end up with by using software such as Word tracker is a list of keywords relevant to your niche that your can focus your business on. Choose a smaller niche so that you will have a better shot at being successful with your business, rather than a broader topic such as Internet Marketing.
Keep in mind, that in order to be successful in any business, it all comes down to supplying a product or service that the public has a demand for and the market has room for. Discover the right niche and you will discover that you are on the right path.