Comments on: So What is a Niche Market Anyway? http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway/ 30 Days - $10 - No Prisoners Fri, 21 Aug 2009 14:50:40 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: James Mann http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway/comment-page-1/#comment-1399 James Mann Sun, 07 Oct 2007 14:22:52 +0000 http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway-23/#comment-1399 Excellent post Mike, thanks again. I started online in 2001 and spent my first year marketing, maybe longer, just spinning my wheels and shaking my head and trying to understand the difference in a market and a niche. It's great to have it explained so well and it will help many avoid the rutt not knowing creates. I will definitely give your post a thumbs up when I Stumble it. Excellent post Mike, thanks again.

I started online in 2001 and spent my first year marketing, maybe longer, just spinning my wheels and shaking my head and trying to understand the difference in a market and a niche.

It’s great to have it explained so well and it will help many avoid the rutt not knowing creates.

I will definitely give your post a thumbs up when I Stumble it.

]]> By: Clarence http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway/comment-page-1/#comment-841 Clarence Thu, 30 Aug 2007 13:50:50 +0000 http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway-23/#comment-841 Well, I was asking for the SEARCH NUMBER for the niche MARKET and NOT the niche. Won't it be too little? As in around 8 searches a day. Well, I was asking for the SEARCH NUMBER for the niche MARKET and NOT the niche. Won’t it be too little? As in around 8 searches a day.

]]> By: Mike Mindel http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway/comment-page-1/#comment-839 Mike Mindel Thu, 30 Aug 2007 10:21:24 +0000 http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway-23/#comment-839 Can I point you at the following pages which will answer this question better than a comment. <a rel="nofollow" href="http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/the-niche-factory/" rel="nofollow">The Niche Factory </a> <a rel="nofollow" href="http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/the-niche-factory/" / rel="nofollow"><a rel="nofollow" href="http://www.webventurer.com/blog/thirty-day-challenge-3/tips/tip-2-dont-query-wordtracker-for-the-niche-market/" rel="nofollow">Tip #2 - Dont Query Wordtracker the Your Niche Market</a> Thanks, -Mike Can I point you at the following pages which will answer this question better than a comment.

The Niche Factory

Tip #2 – Dont Query Wordtracker the Your Niche Market

Thanks,

-Mike

]]> By: Clarence http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway/comment-page-1/#comment-838 Clarence Thu, 30 Aug 2007 07:09:06 +0000 http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway-23/#comment-838 In other words, is it true that we can only find our niches and NOT our niche market through Wordtracker? If the number of searches for our niche market cannot be found, then how do we know if it is a good market? In other words, is it true that we can only find our niches and NOT our niche market through Wordtracker?

If the number of searches for our niche market cannot be found, then how do we know if it is a good market?

]]> By: Mike Mindel http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway/comment-page-1/#comment-837 Mike Mindel Thu, 30 Aug 2007 03:25:27 +0000 http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway-23/#comment-837 I didn't. I selected 'one armed drummers' because it made the example clear not because I ran it through GTrends. -Mike I didn’t. I selected ‘one armed drummers’ because it made the example clear not because I ran it through GTrends.

-Mike

]]> By: Clarence http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway/comment-page-1/#comment-835 Clarence Thu, 30 Aug 2007 03:01:27 +0000 http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway-23/#comment-835 Hi Mike, I got a question. You did give one armed drummers as a niche market. My question is HOW you checked the number of searches for that market. I realized that it is not reflected in WT or GT. Hi Mike,
I got a question. You did give one armed drummers as a niche market. My question is HOW you checked the number of searches for that market. I realized that it is not reflected in WT or GT.

]]> By: Don http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway/comment-page-1/#comment-826 Don Wed, 29 Aug 2007 10:57:39 +0000 http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway-23/#comment-826 Thanks for taking the time to give several examples of what a niche market is. Most of the info I see is focused on "how to make money on the internet" market, which is fine, but it's good to see other variations. Thanks for taking the time to give several examples of what a niche market is. Most of the info I see is focused on “how to make money on the internet” market, which is fine, but it’s good to see other variations.

]]> By: Tip #7 - Wordtracker GTrends - Lessons Learned | Mike Mindel - Thirty Day Challenger http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway/comment-page-1/#comment-401 Tip #7 - Wordtracker GTrends - Lessons Learned | Mike Mindel - Thirty Day Challenger Tue, 14 Aug 2007 11:12:08 +0000 http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway-23/#comment-401 [...] Don’t you think it’s time to get to work and create some article content that will satisfy YOUR niche market? [...] [...] Don’t you think it’s time to get to work and create some article content that will satisfy YOUR niche market? [...]

]]> By: The Niche Factory | Mike Mindel - Thirty Day Challenger http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway/comment-page-1/#comment-260 The Niche Factory | Mike Mindel - Thirty Day Challenger Sat, 11 Aug 2007 19:07:02 +0000 http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway-23/#comment-260 [...] We’ve dealt with this at length in my two earlier articles, So What is a Niche Market Anyway and That Magic Feeling When You Find a Niche Market. [...] [...] We’ve dealt with this at length in my two earlier articles, So What is a Niche Market Anyway and That Magic Feeling When You Find a Niche Market. [...]

]]> By: Day 8 Diary - Let the Judgment Continue | Mike Mindel - Thirty Day Challenger http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway/comment-page-1/#comment-211 Day 8 Diary - Let the Judgment Continue | Mike Mindel - Thirty Day Challenger Thu, 09 Aug 2007 14:13:48 +0000 http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway-23/#comment-211 [...] Reason being that the concept of a Niche Market was extremely helpful in clarifying the market I wanted to sell too. But the output you need are niches (or sub-niches) to plug into Wordtracker & test for market demand. [...] [...] Reason being that the concept of a Niche Market was extremely helpful in clarifying the market I wanted to sell too. But the output you need are niches (or sub-niches) to plug into Wordtracker & test for market demand. [...]

]]> By: Anthony http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway/comment-page-1/#comment-157 Anthony Wed, 08 Aug 2007 03:20:27 +0000 http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway-23/#comment-157 Thanks, his actually helped a lot. I don't think the Day 1 and Day 2 videos were that clear in explaining it. Thanks, his actually helped a lot. I don’t think the Day 1 and Day 2 videos were that clear in explaining it.

]]> By: Day 3 - Doing Some Market Research | Mike Mindel - Thirty Day Challenger http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway/comment-page-1/#comment-94 Day 3 - Doing Some Market Research | Mike Mindel - Thirty Day Challenger Mon, 06 Aug 2007 21:14:27 +0000 http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway-23/#comment-94 [...] So What is a Niche Market Anyway? [...] [...] So What is a Niche Market Anyway? [...]

]]> By: Mark http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway/comment-page-1/#comment-92 Mark Mon, 06 Aug 2007 20:33:21 +0000 http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway-23/#comment-92 Brilliant explanation. Many thanks. Brilliant explanation. Many thanks.

]]> By: Mike Mindel http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway/comment-page-1/#comment-59 Mike Mindel Sun, 05 Aug 2007 20:58:09 +0000 http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway-23/#comment-59 Nice example. But a niche market shouldn't have any notion of a product or service. e.g. sneakers. I would break it down like this: MARKET: People who want to look hip SEGMENT: Young girls who want to look hip NICHE: Sports NICHE MARKET: Young sporty girls who want to look hip. SUB-NICHE: Girly sneakers The 'niche market' is the small area of need (young girls who want to look hip whilst doing sports) within the larger market (people who want to be hip) and larger niche (sports). By jumping to the product too quickly you don't give the market a chance to tell you what it wants. They may want girly sneakers but they may want something else. Nice example.

But a niche market shouldn’t have any notion of a product or service. e.g. sneakers.

I would break it down like this:

MARKET: People who want to look hip
SEGMENT: Young girls who want to look hip
NICHE: Sports
NICHE MARKET: Young sporty girls who want to look hip.
SUB-NICHE: Girly sneakers

The ‘niche market’ is the small area of need (young girls who want to look hip whilst doing sports) within the larger market (people who want to be hip) and larger niche (sports).

By jumping to the product too quickly you don’t give the market a chance to tell you what it wants. They may want girly sneakers but they may want something else.

]]> By: Day 3 - The Getting of Stats | Mike Mindel - Thirty Day Challenger http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway/comment-page-1/#comment-57 Day 3 - The Getting of Stats | Mike Mindel - Thirty Day Challenger Sun, 05 Aug 2007 20:48:06 +0000 http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway-23/#comment-57 [...] So What is a Niche Market Anyway? [...] [...] So What is a Niche Market Anyway? [...]

]]> By: Cris Oakley http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway/comment-page-1/#comment-55 Cris Oakley Sun, 05 Aug 2007 20:01:22 +0000 http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway-23/#comment-55 The other day I was watching the reality show Run's House, and in that episode something happened that clearly brings home the concepts of Market and Niche. One of his daughters went shopping for sneakers. Well, the athelethic shoes industry has a big market with all kinds of shoes for all kinds of needs. Huge Market Anyhow, after looking at, and trying on several pairs Run's daughter was disappointed that she could not find a "girly" pair of sneakers. She and her sister started discussing the issue right there in the store. As young women, they saw a need for hip sneakers, made exclusively for young women, in styles and colors that were appealing to this particular population. (Niche = a small area of need within a larger market) The girls presented their idea to their uncle, the Hip Hop mogul Russel Simmons, he saw the potential for a profitable niche, and sent the "Girly Sneakers" idea for production. In this case, the Niche is "Girly" Sneakers, and the Market is Sneakers or athletic shoes. Your niche is still part of the market, it's just that's it's a small, specific little corner within the big market. The other day I was watching the reality show Run’s House, and in that episode something happened that clearly brings home the concepts of Market and Niche.

One of his daughters went shopping for sneakers. Well, the athelethic shoes industry has a big market with all kinds of shoes for all kinds of needs. Huge Market

Anyhow, after looking at, and trying on several pairs Run’s daughter was disappointed that she could not find a “girly” pair of sneakers. She and her sister started discussing the issue right there in the store. As young women, they saw a need for hip sneakers, made exclusively for young women, in styles and colors that were appealing to this particular population.

(Niche = a small area of need within a larger market)

The girls presented their idea to their uncle, the
Hip Hop mogul Russel Simmons, he saw the potential
for a profitable niche, and sent the “Girly Sneakers” idea for production.

In this case, the Niche is “Girly” Sneakers, and the Market is Sneakers or athletic shoes. Your niche is still part of the market, it’s just that’s it’s a small, specific little corner within the big market.

]]> By: Life Samadhi Avatari http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway/comment-page-1/#comment-54 Life Samadhi Avatari Sun, 05 Aug 2007 17:03:44 +0000 http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway-23/#comment-54 Peace Mike, This is a great post I have some friends and family who were asking me to explain to them what a niche market is and although I have a nack for coming up with ideas for them I wasn't that great at explaining what it is.... You managed to break it down to the point a child can understand it... Thanx!!! You're a blessing!!! Dreams Are Real and Inspirations Just A Breath Away!!! Life Samadhi Avatari Peace Mike, This is a great post I have some friends and family who were asking me to explain to them what a niche market is and although I have a nack for coming up with ideas for them I wasn’t that great at explaining what it is….

You managed to break it down to the point a child can understand it…

Thanx!!! You’re a blessing!!!

Dreams Are Real and Inspirations Just A Breath Away!!!

Life Samadhi Avatari

]]> By: Niels Hoven » Finding a niche market http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway/comment-page-1/#comment-43 Niels Hoven » Finding a niche market Sat, 04 Aug 2007 22:53:05 +0000 http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway-23/#comment-43 [...] So What is a Niche Market Anyway? That Magic Feeling when you find a Niche Market [...] [...] So What is a Niche Market Anyway? That Magic Feeling when you find a Niche Market [...]

]]> By: Judy http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway/comment-page-1/#comment-37 Judy Sat, 04 Aug 2007 18:32:56 +0000 http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway-23/#comment-37 Hi great stuff -- old eyes want to know if there's a way for the blog entries to be bigger font ? Thanks! Judy Hi great stuff — old eyes want to know if there’s a way for the blog entries to be bigger font ?

Thanks!

Judy

]]> By: Shannon http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway/comment-page-1/#comment-32 Shannon Sat, 04 Aug 2007 14:48:41 +0000 http://www.webventurer.com/blog/thirty-day-challenge-3/key-concepts/so-what-is-a-niche-market-anyway-23/#comment-32 Hey Mike, Excellent article. So it doesn't matter if there is only a couple searches per day for the niche market? I noticed (via your Free Keyword Tool) that there are only 8 searches for this topic per day. ~Shannon Hey Mike,

Excellent article. So it doesn’t matter if there is only a couple searches per day for the niche market? I noticed (via your Free Keyword Tool) that there are only 8 searches for this topic per day.

~Shannon

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