Niche Marketing

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Description of Niche Marketing. Explanation.

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.

Special Interest Group - Niche Marketing Special Interest Group (29 members)

Forum - Niche Marketing   In the forum section you will find recent discussions within this knowledge area.   White Space Analysis (1 reactions) Hi everyone, I'd like to know if anyone had insight on white...           Niche Marketing Plan Can you give me your opinion ands comments on the following ...           Airline Niche Strategy How could a domestic airline take advantage of this niche st...           Single or Multiple Market Niches What are the advantages of being a single vs a multiple mark...

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Expert Tips - Niche Marketing In the expert tips section you will find advices from experts within this knowledge area.

Resources - Niche Marketing In the Resources section you will find powerpoint presentations, micro-learning videos, articles, news items, etc. within this knowledge area. Target Marketing and Market Segmentation Target Marketing, Market Segmentation, Strategy...   Marketing Strategy: Opportunity Analysis; Targeting and Segmentation Marketing Strategy, Target Marketing, Market Segmentation...     News about Niche Marketing         Videos about Niche Marketing         Presentations about Niche Marketing         Books about Niche Marketing         More about Niche Marketing

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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