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.

Niche Marketing Special Interest Group Special Interest Group (27 members)

Niche Marketing Forum   Recent topics   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?           Airline Niche Strategy How could a domestic airline take advantage of this niche strategy?...

Best Practices - Niche Marketing   Single or Multiple Market Niches What are the advantages of being a single vs a multiple market nicher?...

Expert Tips - Niche Marketing Advance yourself in business administration and management

Resources - Niche Marketing Target Marketing and Market Segmentation   Marketing Strategy: Opportunity Analysis; Targeting and Segmentation     News about Niche Marketing         Videos about Niche Marketing         Presentations about Niche Marketing         Books about Niche Marketing         More about Niche Marketing       Accelerate your management career

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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