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6 Great Reasons To Be An Affiliate
Deciding to start your own business can be a scary process. There are dozens of questions you need to ask yourself before you even get started. What product or service am I going to sell? Where do I advertise? What kind of start up costs are...
Deadly Online Marketing Mistakes You Must Avoid
It seems like every time you turn your head today you'll find
someone who's involved in online business. And indeed, ANYONE
can profit online, providing that you learn to avoid the DEADLY
online marketing mistakes you're about to discover in this...
Does Hype Work on the Web? (The Sequel)
I recently wrote an article that asked readers, "Does Hype Work on the Web?" My contention was that today's web users are too savvy to fall for hyper-inflated sales language like "Totally insane offer!" and "Expires soon, don't delay!" and we're...
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...
Understanding Affiliate Programs
Affiliate programs are commonly misunderstood, in order to understand affiliate programs lets start with terminology. For clarification purposes, an affiliate is defined as any "referrer" or website that promotes a product in an effort to earn...
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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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