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	<title>Relationship Marketing Success &#187; Market Research</title>
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	<link>http://relationshipmarketingsuccess.com</link>
	<description>InterNETwork Marketing Ann Sieg's Way</description>
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		<title>Finding Your &#8220;Perfect Niche&#8221;</title>
		<link>http://relationshipmarketingsuccess.com/finding-your-perfect-niche/</link>
		<comments>http://relationshipmarketingsuccess.com/finding-your-perfect-niche/#comments</comments>
		<pubDate>Wed, 04 Mar 2009 05:55:55 +0000</pubDate>
		<dc:creator>tebel</dc:creator>
				<category><![CDATA[Attraction Marketing]]></category>
		<category><![CDATA[Market Research]]></category>
		<category><![CDATA[Renegade Network Marketer]]></category>
		<category><![CDATA[Add new tag]]></category>
		<category><![CDATA[niche market]]></category>
		<category><![CDATA[passion vs problem]]></category>
		<category><![CDATA[product vs market]]></category>
		<category><![CDATA[understanding your niche market]]></category>
		<category><![CDATA[what is a niche]]></category>

		<guid isPermaLink="false">http://relationshipmarketingsuccess.com/?p=76</guid>
		<description><![CDATA[<p><strong>Products vs. Market</strong></p>
<ul>
<li> A great product idea does not mean that you have a great Niche market.</li>
<li> A <strong>Market</strong> is a group of people who buy certain products and services….They are not a keyword count.  That is just an indicator of a market.</li>
<li> Those&#8230;</li></ul>]]></description>
			<content:encoded><![CDATA[<p><strong>Products vs. Market</strong></p>
<ul>
<li> A great product idea does not mean that you have a great Niche market.</li>
<li> A <strong>Market</strong> is a group of people who buy certain products and services….They are not a keyword count.  That is just an indicator of a market.</li>
<li> Those People are motivated to buy by certain intrinsic values, problems, passions, etc. If you have a handle on those motivations and truly understand them, you’ll have a super abundance of products to sell them.</li>
</ul>
<p><strong>People are creatures of habit</strong></p>
<ul>
<li> People do what they’ve done before and rarely do what they have not done before.</li>
<li> If they’re already buying, they’ll continue to buy.</li>
<li> Find out what they’re buying…Don’t blaze new trails.</li>
<li> That’s where keyword/product research come in.</li>
</ul>
<p><em><strong>A Market is a group of motivated people who buy certain products and services.</strong></em></p>
<p>You must know specific things about these people who are going to buy from you…</p>
<p><strong>FACT:</strong> You can’t sell in a niche until you understand what makes them buy in the first place!</p>
<ul>
<li> Who are they?</li>
<li> Can you describe them in detail?</li>
<li> What do they look like? Age, sex, how they dress</li>
<li> What are their interests?</li>
<li> What is their income level?</li>
<li> Where do they live?  Type of House, Apt., in rural area or urban</li>
<li> What are their desires?</li>
<li> What problems are they facing?&#8230;or successes they might be celebrating?</li>
<li> What are they passionate about?</li>
</ul>
<p>Once you have a detailed description of the people, what do they want to buy…or are they already buying&#8230;you&#8217;re on your way to determining your market?</p>
<p><strong>Passion vs. Problem</strong></p>
<p>The two main reasons people buy, especially on the Internet are:</p>
<ol>
<li>A <strong>Passion</strong> is something they really, really want.</li>
<li>A <strong>Problem</strong> is a “have-to”…a need …a must-have.</li>
</ol>
<p>Both are <em>intense emotions</em>…driving forces that build enough internal pressure that causes the person to take action…to first search for a solution and then to click the “Buy Now” button and pull out their credit card.<br />
In order to be able to relate successfully with your niche market, they must feel that you are one of them.</p>
<p>Other things to understand about your niche market…</p>
<ul>
<li> Why do they buy what they already buy?</li>
<li> What wakes them up in the middle of the night in a cold sweat?  &#8230;a problem</li>
<li> What would they spend money on instead of food because they feel so strongly about it?&#8230;a passion</li>
<li> What would they buy before paying their bills?&#8230;could be either a problem or passion</li>
<li> What would they list at the top of their list of necessities of life?</li>
<li> What do they get so excited about that they give up food or sleep or both to do it?&#8230;definitely a passion</li>
<li> What would make someone get up at 5am on a Saturday and out in the freezing cold because they want to see it, do it attend it? (One of Jim Edwards’ famous questions)</li>
</ul>
<p>The most effective…and successful…marketers know their niche inside and out.  They can relate as one of the niche.</p>
<p><strong>So&#8230;How do you discover YOUR niche market?</strong></p>
<p>First, what is a “perfect” niche market?&#8230;if there is such a thing  <img src='http://relationshipmarketingsuccess.com/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' />   Here are a few things to question:</p>
<ul>
<li> They must be actively searching for info online.</li>
<li> Is there an intense problem or desire that cannot be satisfied with one purchase?</li>
<li> Are there multiple related problems?…something that causes them to be a part of a niche group.  A business or hobby is ideal as the need for info is compounded as the interest grows.</li>
<li> Does your market know they have a problem or desire and are actively looking for a solution?&#8230;they don’t need to be convinced.</li>
<li> Is there a year-round need?…not dictated by season or something else out of your control that would cause them to be interested part of the time.</li>
<li> Do they actually buy online and at different levels/price points?</li>
</ul>
<p><strong>Now, where do you start to look for YOUR perfect niche market?</strong></p>
<ul>
<li> Start with your problems and passions.  Things that you already know about…that you can talk about all day and never get tired of talking about.</li>
<li> What are your hobbies?</li>
<li> What were you good at in school?</li>
<li> What have you learned through the “School of Hard Knocks”?</li>
<li> What do others comment you on?</li>
<li> What do others ask your opinion on or ask you to teach them?</li>
<li> Think of the organizations you belong to or have belonged to over your lifetime.</li>
<li> What are your social causes?</li>
<li> Do you have some special talent?</li>
<li> Who do you like working with?</li>
</ul>
<p>For a starting point&#8230;Go to www.Clickbank.com.  Click Promote Products tab.  On third bullet down…”10000 “products”, click products. Expand list.  That should give you some idea joggers.</p>
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