Profit and Passion
Niche marketing can be a great choice, but you must take the time to select a profitable niche that ignites your passion – both elements must be present for you to succeed.
It is important to understand that some niches are simply not viable as a good source of income. And . . . some niches, no matter how potentially profitable, are simply not good choices for you because you have absolutely no interest in them.
A profitable niche that can be monetized, plus stimulate an internal passion and hold your interest over the long haul is absolutely necessary if you want to be successful.
When you have a broad enough niche that will attract a huge audience and that you genuinely want to serve, your potential for success can be boundless.
When you feel a connection with your audience and truly want to help them, writing inspiring blogs and creating content and products to serve them will come much more easily.
Tailor the Niche to Your Audience
Every niche is different. The audience for each has its own unique quirks and preferences and will require some tailoring of the approach for your targeted audience.
Your niche will likely be a segment of a much broader market. Your niche market can be defined based on values, hobbies, location, or quality and you must be clear on the needs and preferences of your chosen audience. Niche marketing requries doing the necessary research on your customer’s prefeences, your competitors, and potential changes in the market.
Let’s look at the FITNESS niche for example. Fitness for pregnant women is very different than fitness for senior citizens, for teenagers, for hardcore bodybuilders, or for career women.
When your niche and audience are well-defined, you must understand and complete the steps from start to finish – for building relationships with your audience and to catering to their needs.
Once again, niche marketing can be a great way to go!