Want A BIG Boost In Sales? Market To Lots Of Niches.Written by Carol Cook
When most of us think of racking up massive sales, we imagine a product or service that EVERYONE will want. The person who comes up with next paperclip or comb will strike it rich, right?Mass appeal products do garner massive sales, BUT getting your product on radar screen of millions of consumers is an extremely difficult and expensive task. Even large corporations who spend millions often miss mark and their product winds up remaindered on shelves of discount dollar stores. A much better way to turn your ideas into profits is to market to niches. A niche is a tightly defined group of consumers who are deeply interested in a specialized line of products or services. Not everyone is interested in fine clocks, but thousands of people ARE and will pay good prices for them. A web site that becomes known as a center for fine Austrian grandfather clocks might easily outpace a site selling $10 watches. Put simply, it is better to sell to a few people who REALLY want your product than a lot of people who don't care much about what you sell. This is particularly true on Internet. Sites like Amazon.com and E-Bay are jockeying for 20% anchor store position. Meanwhile, niche audiences account for a whopping 80% of online consumers and commerce.
| | Use Hands-on Marketing to Sell Like CrazyWritten by Alvin Apple
I have a neighbor who, last year, started her own house-cleaning service. Paula had been living on a shoe-string for years, and now that her children had all reached school age, she decided she needed to enter workforce. She was looking for something that would pay well, but would still leave her free to make her own schedule and to be there for her kids as needed. Her friends, me included, had always commented on what an immaculate house she kept, and her idea for a house-cleaning service sprang from these compliments.Getting her first clients was easy. There were a few busy families in our neighborhood who were eager, even desperate to use her services and expertise. The woman who shares a back fence with me who just started a high-paying, but really demanding job with an accounting firm, and husband and wife sales team around corner, among others, retained Paula's services almost immediately. Once Paula had settled into a routine with her new clients, she found she wanted more. Her clients were really happy with her work, but due to nature of business, most only wanted her to come in once a week, or even once every two weeks. Considering she spent about two hours per job, she found she was working about 10 hours per week. This was a good start, but not nearly enough. Paula came to me one afternoon seeming a little frustrated. "I know you give business advice to people with small businesses," she said, "but how about people with tiny businesses? If this business is going to fly, I really need to get word out, but I don't have more than a few dollars to spare." We sat and talked about it for a few minutes. I asked her if she was willing to give up a few hours of leisure time, say a few Saturday afternoons, and if she could possibly get her kids to help out. She said yes, and I told her that that was all she needed, that and a few dollars to print up flyers and maybe make a sign or two, oh, and to buy ingredients for a few batches of cookies. She asked what I was getting at, and I gave her these hands-on, almost-free marketing tips.
|