Niche Marketing

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Description of Niche Marketing. Explanation.

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Definition Niche Marketing. Description.


Niche Marketing is the process of finding small but potentially profitable market segments and designing custom-made products or services for them. It is similar to segmented marketing (Target Marketing), but a niche is a small distinguishable segment that can be uniquely served. Niche marketers are often reliant on the loyalty business model to maintain a profitable volume of sales.


A niche strategy refers to concentration on a small market segment with the objective of achieving dominance of that segment. Like any market, the niche segment can be defined geographical or by some other criterion such as low budget or high-tech. See Market Segmentation. A niche strategy is often followed by starting companies until they have acquired adequate resources to follow a Diversification Strategy. Typically, the small market segment, or niche, has been overlooked by larger competitors, but is still large enough to be attractive. An issue with a niche strategy when it is successful is that a large competitor might 'discover' the attractive niche and try to blow away the small company using its market power.


Niche Marketing Forum
  White Space Analysis
Hi everyone, I'd like to know if anyone had insight on white space analysis tools, methods and theories? Thanks......
     
 
  Niche Marketing Plan
Can you give me your opinion ands comments on the following flow:
define segment?
define niche segment?
how are they different?
need to treat them different?
how do we approach this segment?
do we sell or do ...
     
 
  Airline Niche Strategy
How could a domestic airline take advantage of this niche strategy?...
     
 
  Single or Multiple Market Niches
What are the advantages of being a single vs a multiple market nicher?...
     
 

Niche Marketing Special Interest Group


Special Interest Group

 

Best Practices - Niche Marketing Premium

Expert Tips - Niche Marketing Premium

Resources - Niche Marketing Premium

Target Marketing and Market Segmentation

Presentation about Target Marketing. The presentation explains the need for market segmentation, the levels of market segmentation, its bases and the ...
Usage (application): Target Marketing, Market Segmentation, Strategy
 

Marketing Strategy: Opportunity Analysis; Targeting and Segmentation

Presentation about Market segmentation, target marketing and opportunity analyses. The presentation includes the following sections:
1. Overview<...
Usage (application): Marketing Strategy, Target Marketing, Market Segmentation
 
 

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Compare also: Market Segmentation  |  Profit Pools  |  Analytical CRM  |  Concentrated Marketing  |  Differentiated Marketing  |  One-to-one Marketing  |  Undifferentiated Marketing  |  Marketing Mix  |  Extended Marketing Mix  |  Focus Group

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