What Is A Niche Market?
A lot of people who are first starting out with Internet marketing or affiliate marketing ask the question, ‘What is a niche market?’ and how do I determine which market to promote?
A simple definition for a niche market is; a defined or concentrated focus on a market segment. For example, very popular niche markets are wealth, health and relationships. There is a lot of competition in these three niche markets, but there is still money to be made for someone who looking to start an Internet Marketing business.
There are thousands of niche markets available so there is ample opportunity to earn a living in the Internet Marketing or Affiliate Marketing sectors. The challenge is finding the right niche markets for you that have good products and hungry buyers. This is where most beginners struggle. Another challenge is creating good content that will attract those hungry buyers to your website.
Wealth Niche Market
Not only do you have niche markets, but there are also sub niche markets. For example; Make Money Online is a sub niche of the wealth niche. Other wealth sub niche markets investing and binary trading. I encourage you to stay away from ‘systems’ that claim over night riches. I have yet to find one that actually works.
More Ideas
-Ways to save money
-How to get a loan
-Reduce debt
-How to start an online business
Health Niche Market
The health niche is another very popular market with a lot of products and hungry buyers. I caution people about this particular niche because of the efficacy of some of the products, especially the weight loss products. The weigh loss products have been in the news a lot because of the false claims made by the manufacturers of the products.
If you are going to promote products within the health niche be careful and do your research. Either find people who have had firsthand experience with the product or test the product yourself.
More Ideas
-Get rid of Acne
-Muscle building
-Healthy recipes
-Remove wrinkles
Relationship Niche Market
The relationship niche market is the third popular niche. The sub niche markets include dating, marriage and parenting. This one isn’t as risky as the previous two. There are a lot of good products available to promote.
More Ideas
-Sex advice
-Marriage advice, counseling
-Dating sites, advice and tips
-Improve communication
Conclusion
I hope this is enough information to get you started thinking about the niche markets you night be interested in. It might be in your best interest to take a course on Internet marketing or affiliate marketing. You don’t necessarily have to build a niche site in the beginning, but I recommend you consider it.
There are a lot of affiliate programs and networks available for free memberships. They provide products for their members to promote. Once you join, you will receive a unique link and when someone purchases a product through your link, you can make a commission.
Additional Information:
21 affiliate marketing tips for beginners
How to do affiliate marketing with no money
Do’s & Don’ts of affiliate marketing
My Top 6 Ways to Make Money Online