If you haven’t heard the word ‘niche’ being batted around by Internet Marketers then you haven’t been listening. Finding a niche has become the antidote to competing in overly saturated online markets.

What is a niche?

According to Merriam-Webster’s Online Dictionary a niche is described as “a place, employment, status, or activity for which a person or thing is best fitted… a specialized market”.

Have you noticed that despite the closing of many businesses in these harsh economic times, the local hobby train store is still around? That the ‘hole-in-the-wall’ eatery is thriving? Or that trends such as scrapbooking can start with a bang and still close within a year when four similar businesses start up in the same area?

The online business world reflects the same trends as experienced in the offline world – often with faster turnover and startup rates. Those who promote a product or site that targets a small, select audience can tap into a market that is otherwise not being served. Despite the limitations of the client base, the targeted nature of the business creates a devoted and active market – the aim of any business.

HOW DO I FIND A NICHE?

Finding a niche requires diligent research. Whether you have access to software that harvests and sorts information or you take a manual approach you must first start with ideas.

With a pen and paper (or computer, if that’s more comfortable) brainstorm a list of businesses, products and industries. Create a list of keywords and phrases you think would be used by individuals looking for these items online.

Use a software program such as Wordtracker or a free resource such as the Overture Keyword Selector Tool to find keywords for your niche that have a high amount of traffic.

Although a program like Wordtracker makes it easy to find details such as how many sites compete for that market, you can also do your own research.

Concentrate your attention on question phrases such as “how do I…” or “where can I…”. These questions will clue you into potential markets that need servicing.

Next, look in Google Answers. Type one of your keywords into the search area. What questions are being asked and how much are people willing to pay for answers? If you find a group of keywords with a high number of questions then enter these words in your browser’s search engine.

What sites come up? Do they provide answers or solutions to the problem? How are they making money? Can you see an opportunity to service these individuals?

Finding a niche can open the door to a profitable online business. Research the market and be certain that your product or service is valuable to this group. Find forums or groups that target this audience and pay close attention to their concerns.

If you can help these people you WILL make money. The best of both worlds!

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One thing to keep in mind is there is no such thing as a perfect sales copy. There is excellent sales copy that works perfectly today, but there are no guarantees that it will be just as effective a month from now, or even next week. The fact is that sales copy has a relatively short shelf life.

Of course, there are a few ways you can enhance the effectiveness of your copy and thus extend that life for a bit. Here are some ideas:

- Add video – Make your text come alive with video presentations that include slides, animation, and live action sequences. These can be positioned toward the end of the piece, or strategic points along the way.

- Add photos – If video seems like a bit much, then come up with photographs that will help to drive home key points in the flow of the text. These add a bit of visual spice. Best of all, you can change them out with relative ease, and give the appearance of your content a fresh look from time to time.

- Use new fonts. This is so simple that many people overlook it. You can give your text and the entire web page a fresh look simply by making some changes in the font styles and sizes from time to time. Just make sure your choices leave the text easy to read.

- Make use Google AdWords to best advantage. This means inserting logical keywords in order to drive traffic to the site. Also make use of the feature the website optimizer to do split testing for different headlines, different fonts, etc. and see how they play with a live audience.

- Rework a paragraph here or there. You do not have to completely rewrite the text in order to make it fresh. Changing some wording here and there gives you the chance to add fresh keywords, and also reorders the flow of the text to give it a new feel.

Basically, always be on the lookout for some way to make a good thing better. Consumer tastes and demands change from time to time. With the right touch, you can anticipate those trends and use your copy to stay one step ahead of your competition.

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If you are already advertising on the internet, you know the costs of having banners or pop up ads. Video advertising is not much more money and is twice as effective. If you do not believe this, check it out. You can try this for a month and see if you get more stats on the video ads or the banner ads. Most advertising engines agree that their customers profit get many more views on their video advertising than plain text or even photo advertising.

Cost will depend on how you wish to use the video to market your business. If, for example, you simply want to use a video on your website, it will not cost anything. Just the uploading of the video into the website. If you want a more professional looking video for your website, there are plenty of companies out there that provide this service for much less than text advertising. You can have a slick ad or you can have one that is home made. Sometimes, the home made videos tend to stand out more.

It will cost you slightly more to have your videos featured on other websites where you advertise. More than a banner ad or a line ad. But again, how much is your business worth to you? If you want to see how effective this media is, test it out.

If you have a small business and want to advertise for free, there are plenty of places on the internet where you can post your videos. They will also give you stats on how many people have viewed your video. On some websites, the videos are rated.

There are many professional companies that can help you out with video advertising. They can offer everything from creating the video, uploading onto the proper websites to even using it in e-mails to your clients. Many businesses keep a data base of their clients. If they don’t, they should. From time to time, they have sales or promotions and wish to contact their clients by e-mail. E-mail is very inexpensive. Actually, it is free. You can either hire a professional to e-mail your clients your advertising video or do it yourself to save even more money.

Writers are gaining publicity for themselves by using videos on writing websites. They upload a video of themselves and talk about their work. This is an excellent way to get people to read your work, particularly if you are on a site that pays you for page views. You can do this in an interview format, or simply have someone film you talking about yourself. This is free.

You can also promote yourself or your business on YouTube for free. Or MySpace. Camcorders have come down significantly in price. Many are around $100 or even cheaper. Each year, the price goes down and the quality goes up. They are easy to use and the contents can be uploaded to your computer with ease. Then all you have to do is decide where you want to “advertise.” If you are advertising a small business, your art, or even a political cause, you can put it on a site that offers free video uploading. When you compare the cost of video advertising on the internet to an actual commercial on television, you are talking apples and oranges. Video advertising is much cheaper and even small businesses can afford a professional agency that can take care of this for them.

How many of you get e-mails from businesses that you have previously done business? Most of you do, I would suspect. Even if you clicked on their ad by some mistake, they will contact you via e-mail. As said previously in this chapter, e-mail is free.

Now, imagine that you get an advertisement from a business that has a very funny video attached to it? You will be entertained and not forget about that business. It may even prompt you to take a look at their sale or new promotion.

I saw one of the most effective and clever uses of advertising on the web recently. I was taking a look at shower filters. Instead of just a website, like most of them, that featured shower filters and explained the advantages of having one of these gadgets, this one had a scene from the movie “Psycho.” Yes, the shower scene. The caption was “Remember when the only thing you had to fear about the shower was….” and then it stopped. We saw the familiar scene of Janet Leigh in the shower and “Mother” coming through the door with the knife. It was clever, entertaining and certainly caught my attention. In fact, this was the company that I decided to purchase the shower filter from.

How much did this ad cost them? A little more than a regular video ad. The film “Psycho” is not in the public domain so they had to pay synchronization rights to the producer to use this on their website. But synchronization rights on film, even the internet, are based upon seconds. They did not have to pay for the rights for the entire film, just a brief portion of the shower scene.

If you have a clever imagination, you can film your own video that will attract attention to your project in the way that this shower filter company did. You can purchase synchronization rights from film producers if you want, or you can simply make up your own video. Also, be aware that many films made prior to 1962 lie within the public domain. This means that they are free to use. Clips can be obtained from all over the internet, or can be downloaded from your television or DVD player. You must make sure that the film is in the public domain, however. The way to do this is to check with the United States Copyright Office. There is also much information about which films lie within the public domain on the internet.

No, it is not expensive to advertise using video on the internet, particularly if you are advertising on your own website or e-mailing your customers video advertisements. Just make sure that the advertisements are not too long or it may bore the customer, no matter how entertaining it may be. You do not want to go more than 30 seconds.

If you decide to use an internet advertising agency, they can keep track of the amount of customers who view your video and make sure that they are placed in the proper venues.

The cost is not that much more than banner ads and may be well worth it. Banner ads are sometimes clicked on by accident, giving false stats. A video ad, however, can be managed where the person has to click on to the “play” button to view it. Once they begin viewing, chances are that they will continue to do so. Either way, at least you will have an honest count of viewers when it comes time to pay Google or whoever you are using for your internet advertising. In a way, the difference in the quality of the views more than makes up for the price difference in advertising.

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There are a lot of myths about online marketing. Now a few misconceptions may not matter all that much if they were harmless, but when it comes to your money, then it’s always better to be well-informed. Some of the worst, most damaging myths out there revolve around business to business email marketing. With that in mind, here are some things you should be aware of before running your next email campaign.

1. Know your customer. The more you know about your customer, the better. What are their problems? What are their current solutions? How can you help them? What do you know about their business? All of these questions need to be answered before you send a company an email message. First, you need to make sure they are a good customer for your offer. Second, it shows respect and they will appreciate that you know something about who they are.

2. Get to the point. Imagine you are meeting with your prospective customer at their place of business. You may start with a bit of small talk, but you wouldn’t linger on it. In other words, you can start your business to business email marketing with a friendly tone, but you also have to stick with a no-nonsense approach at the same time.

3. Remember who the message is for. Yes, you are sending out the email to generate profits for your own business, but the message it contains is for the person receiving it. In other words, you have to be very clear about how your offer benefits them.

4. Ask for their business. One of the biggest mistakes people make when it comes to business to business email marketing is not being bold enough in closing the deal. You don’t have the benefit of making your presentation in a face-to-face setting, so you need to be clear and direct in what you want the reader of your message to do.

5. Don’t use trickery to get them to open your email. Sure, you may get them to open your message, but you will have done so through dishonesty. That will kill the sale before you ever get a chance to present your offer. You also need to bear in mind that there is a fine line between being clever and being deceitful; make sure you don’t cross it.

6. Track results. When doing business to business email marketing you should keep track of and measure everything you can. When you sent out each message, to whom, what the subject line was, the body of the email, open rates, click-through rates, how many previous messages you have sent, and so on. You can use any and all of this data to refine your sales message and improve your results over time.

In today’s world, mastering the art and science of business to business email marketing is one of the most important keys to success. It’s relatively inexpensive, especially when compared to traditional forms of advertising, and it can give you a very robust return on your investment.

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