The internet opens your business to literally billions of online consumers. As exciting as these prospects can be, there are plenty of other entrepreneurs who have decided to take just about any idea to get a share of these consumers. There are companies that have already established contacts with suppliers and distributors. There are companies that have millions of dollars to market to as many people as possible. Instead of competing with larger sites who offer an array of products to consumers, concentrate your efforts on a select niche market that would be more inclined to turn online for their goods in the first place.
Selling electronics? Rather than competing w BestBuy, try focusing on an age segment or particular product line. Selling gifts? Perhaps you can market them specifically for baby showers or bachelorette parties. This provides you with several advantages over your more general competitors.
1. You can attract more customers to your site by specializing your marketing campaigns. By having such a very specialized site, you can focus any ads you create for a specific sector of people. You’re also more likely to have a specific set of keywords that will indicate to search engines exactly what is on your site. This can help you achieve a higher page rank.
2. You can gear both the content and the design of the site to better close your sale. Rather than combing through all sorts of different types of products, the content on your site will better match what the consumer was looking for in the first place. You can even design the site better because your niche has a common interest for you to base it on.
3. You can spend less money on marketing because you have fewer competitors. Rather than working harder and competing with an already saturated market, work smarter to gain loyal customers who have a specific need or interest.
Don’t get overwhelmed by the web. Pick a niche and market to that niche for better online results.