Most niche markets worth getting involved with will have a degree of competition and if you want to truly succeed then you need to stand out from the rest. This doesn’t mean that you have to come up with entirely new concepts for interacting with your target audience.
By following the methods outlined below you will have an advantage over others in your market. Succeeding with niche marketing takes time and effort and you need to be willing to accept that. Investing money into your niche marketing business is also required if you want to be at the top of the tree.
Know your Competition
Far too few niche marketers bother to find out who their competition are and what they are doing. These days there are so many online tools and services to help you to do this it is a wonder that more marketers are not taking advantage of this.
If you don’t know who your competitors are and what they are doing in the market then you will be at a severe disadvantage. You can use online services such as SEM Rush and Similar Web to find out what the strength and weaknesses are of your competitors, the market share that they have, their marketing strategy, what they have done in the past and more.
All of this information will help you to create your marketing plan and help to create better products and services for your target market. Competitive analysis is not something that you do once and then forget about it. Things are always changing so you need to do this as often as you can.
What is your USP?
To really stand out you need a unique selling proposition (USP). This is really about what you stand for in the niche and how you will uniquely help your customers. When you establish this you can easily differentiate from your competitors.
Maybe you can offer the lowest price for similar products or services? Or perhaps you offer the highest quality products and services? Or maybe customers will get additional value from working with you rather than your competitors?
Make Quality your Priority
Make a total commitment to quality with everything that you do. If you are an affiliate then don’t just recommend any products recommend the best products. If you create your own products then make them the very best available and ensure that they provide great value to your customers.
Always add lots of value with your content whether it is on your website, on social media, email marketing or other marketing channel. When you interact with your customers do this in a quality way as well. Respond swiftly to any questions or comments and provide the answers that your audience needs.
Inject your Personality into your Niche Marketing Business
You are human and your customers are too. Tell them your story and how committed you are to serving them and enhancing their lives. People love stories and will connect with you better if you add the human touch into your communications.
Your Customers must come first
There are a lot of niche marketers out there that are just out to make a buck. Customers can see through this and will always prefer you if you have their best interests at heart. Give them value at every turn. Don’t just market to them all of the time.
Learn more about this in our Modern Niche Marketing eBook.