The Riches Are In The Niches

by Franchise Strategist on May 25, 2009

This article is written and owned by Michael Crank

When you enter the home business market and you begin searching for a work from home opportunity, it is very easy to get the impression that everybody is making easy money online.

You are solicited for newsletter subscriptions, training programs, ebooks, and marketing systems all claiming to reveal the “secrets” jealously guarded by “The Gurus” that will make you insanely rich. After you have purchased some of these amazing products and implemented their recommended strategies, you are astonished that,not only are you not making any money, you have less than before because you invested in the latest-and-greatest wealth-building info—only to find that it didn’t build you any wealth.
You’re trying to figure out what went wrong.

Let’s use an analogy that compares Wal Mart and PetSmart.
Wal Mart sells a huge array of consumer products and they obviously do quite well because they have vast buying power which enables them to offer a broad range of products that are in demand and used everyday by consumers. If, however, you apply the Wal Mart model to your online business—you’re in for big disappointment. When people go online, they are looking for specific things—not a one-stop-shop web site—the rare exception being if you operate an info product business or a work-at-home resource site.

While many retail establishments have an online presence, still, when people shop at their online store, they are looking for specific things. People aren’t looking to buy one of everything they carry.

PetSmart specializes in pet products—that is their niche—that is what they do exclusively and do well. Wal Mart will certainly sell some pet supplies, but nothing compared to PetSmart. So it is with your online business—when you focus on something in particular—a niche—and commit to doing it well, you will be rewarded.

You can have multiple niches, but you must market them independently of each other in order to get the best—and the desired—results. If you’re selling something related to photography and something else related to golf and still something else related to vitamins—marketing all of those on the same web site will not be very productive. You necessarily have to operate each one as a separate business.

This will become a lot clearer to you once you start optimizing your site(s) for the search engines—your keywords, meta tags, descriptions, etc will all mix together creating a hodge-podge of criteria that will not yield satisfactory results.

You will achieve much greater success when you target your advertising to a specific audience who is interested in precisely what you are selling. Don’t be trying to sell them unrelated products and/or services because it creates distraction and confuses the potential buyer.

So, if you find yourself in the position of wondering why you are not making money online, give this a try and see if you aren’t happier with the results.

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Michael W Crank is the owner of Marketing Concepts Plus.
If you are looking for a home business opportunity, visit our web site and find the one that is right for you. Also, be sure and subscribe to our free newsletters that will provide you with home business-building tips, info, and training. Visit us at this link:

http://www.marketingconceptsplus.net

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