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Chapter 7 - The Paid Product Model
Smart Internet Niche Marketing
Internet niche marketing is a field which can be lucrative for many as long as they study the industry first and make an honest effort to learn about the industry. Even those without a formal education can excel in Internet niche marketing as long as they understand the key elements of the industry. Such elements include selecting a niche carefully, organizing an effective marketing campaign and undergoing a continuing education process to stay aware of the trends in the industry.
Select a Niche Carefully
One of the most important components of a smart Internet niche marketing campaign is to select a niche carefully. A niche is a specific subdivision of a broader category. The owner of a niche website is usually quite knowledgeable about this particular topic and capable of creating quality content which is highly informative and accurate. Knowledge of a particular niche subject is one of the first factors a marketer should consider when selecting a niche. Ideally the niche they select should be one for which they have an interest as well as a great deal of pre-existing knowledge.
The second factor to consider in selecting a niche is to look for a topic which has a large potential audience but not a great deal of other websites competing for the attention of these Internet users. An exceptional niche website can enter a crowded market and excel but it does take considerably more effort because customers tend to be loyal and swaying them can be more difficult than winning the loyalty of new customers.
Organize an Effective Internet Marketing Campaign
Once a niche is selected it is time to begin orchestrating an effecting Internet marketing campaign. This campaign may include commercial websites, informative websites, message boards, e-newsletters, ebooks, email campaigns or any combination of these components. Websites will most likely be included as at least part of any Internet marketing campaign so developing keywords relevant to the niche and optimizing the websites for these keywords is important.
While optimizing the websites for particular keywords is important for achieving high search engine rankings, it is also imperative to carefully consider your target audience in the design of your website. While high search engine rankings will be increased traffic flow to your website, a clever design which meets the needs and expectations of your target audience is also important. High search engine rankings will bring in traffic but once you have website visitors it is important to capture their attention.
Stay Up to Date on Current Issues in the Industry
Finally, it is important to remember that Internet marketing is continually evolving and it is important for those who profit from the industry to stay up to date on the current trends in the industry. This is important because if ground breaking trends which greatly benefit a niche website, smart Internet marketers realize they have to begin employing these trends to avoid being left behind in their niche.
One way to stay up to date on the latest trends is to participate in message boards focused on Internet marketing. Through these communities those in the industry voice their opinions on different marketing strategies. Smart Internet marketers can use this information to formulate their own opinions and test strategies which are currently being discussed as new and innovative.
Much more straight-forward is the profit model with a product. One of the benefits of selling something yourself as opposed to advertising for somebody else's sales is that the ads will only dribble in tiny amounts of change at a time, even if you're getting thousands of visits, where the product you sell makes profit you don't have to share. That's because the ad revenue is just a percentage of the target's sales - and there they are, selling a product just like you could be doing!
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