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Electronic Payment Services: Money Still Exchanges Hands, it Just does so Without ever Touching a Palm
Buying and selling products or services online just got a whole lot easier. Using only a person's e-mail address, you can pay for purchases and receive money owed to you without ever touching an actual green dollar bill. Of course, not touching it...
Engines and Spiders and Surfers, Oh My!
(Why search engine optimization is alive, well, and kicking – and as crucial as ever to the success and profitability of your business) By Aimee Cremasco, President, Word Associates “If you build it, they will come…” “If you build it, they will...
Know your competition: How to transfer business skills into the internet marketplace
One of the first things to do before starting up any business is to investigate the competition. Any business owner knows this is crucial; to determine how to position a business in the market, who to target, what prices to set and who to keep an...
Publish Articles for Profit
Want to know a quick and simply way to earn money from Google
Adsense and other affiliate programs? Find out how you can set
up a content rich website business by publishing other people's
articles.
Content rich websites
Everybody has...
The Proof Is In The Power Of Demonstration!
Prove It! The Power of Demonstration
My big dog isn't particular about what he eats. As result, he acquired the nickname "Canine Vacuum".
Is he going to turn his nose up at a hot dog if I already have a juicy steak set before him?
Not...
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What "Big Pharma" Can Teach You About Niche Marketing
A recent newspaper review of a new book, Selling Sickness, got me thinking about niche marketing (The Globe and Mail, Saturday, August 6, 2005, D8-D9). The book in question considers case studies that purport to show how “Big Pharma” (the entire pharmaceutical industry, from manufacturers to drug salespeople) manipulates data to “create” a disease that they have the “cure” for.
Regardless of how one feels about the pharmaceutical industry, the book does demonstrate one thing—the ability of this industry to correctly identify small-but-profitable niches and exploit them for huge profits. The book, as indicated by the reviewer, identified a “familiar pattern” for the “selling of sickness”:
A pharmaceutical company identifies a wedge condition, set of symptoms, or “risk factors”; hires a PR firm to come up with a “disease” name, ideally something catchy with a pronounceable acronym (e.g., SAD); develops a drug, or adapts an existing one, to tout as a “fix” for this new medical problem; and begins massive marketing to physicians and the public. The media pick up the story, suggesting that the “new” disease is greatly undiagnosed/undertreated; the market expands; drugs sales rise. And voila! Another blockbuster is born. (Direct quote from the
review)
Do you see the building blocks for a niche business in this description? Following Big Pharma’s lead can help you begin a small niche business and grow it into a financial success. Simply follow these steps:
1. Within your industry, identify a “wedge” that you can target.
2. Create a fancy way of describing the number one problem your product or service solves; make it stand out from any other site that offers the same thing.
3. Demonstrate, by way of strong benefits, how your product or service will solve the problem.
4. Tailor your marketing efforts to your “wedge” by these means.
5. As your marketing catches on, you will grow from marketing to just a “wedge” to marketing on a larger scale.
6. Voila! You have your own niche blockbuster business!
Such a process certainly takes time, but these 6 steps provide a solid foundation for any niche business to gain a foothold and grow into a success.
About the Author
Jeremy M. Hoover is an online article and content writer. If you need articles for promotion or for your website, contact Jeremy at his website, www.jhooverwebcopy.com . Read more marketing articles by Jeremy at his blog, www.jhooverwebcopy.blogspot.com .
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