What Is Niche Marketing?

Answer

Kami Stevenson (Director of Marketing)
Niche Marketing is the act of segmenting the market for a specific product and marketing intently to a small subset of the market, rather than pursuing a smaller share of a larger market.
Q&A Related to "What Is Niche Marketing"
A market niche is a speciality market that caters to the specific needs of one particular segment of the buying population. The industry that supplies baby needs is one example of
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It's an organism's role or function in its environment or in their ecosystem. It's how it uses its resources and how it interacts with the rest of the community. For more information
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Niche marketing refers to specialized products or services that answer to the need of a relatively limited target ( compared to mass marketing) Moreover, consumers of niche produits
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Before you buy inventory, or spend money on any ad campaign you need to make sure the niche market your going after has profit potential. The profit opportunity of a niche market
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3 Additional Answers
Ask.com Answer for: what is niche marketing
Niche marketing refers to finding a segment of consumers from the general market a carving them out by establishing a specific product line that provides solutions that cater to the needs of that segment of the market.
Niche Marketing is a business concept where a company decides to focus on a targetable market segment out of the general market. The company seeks to know the needs that are not being met by other market providers and then provides these specific product features to satisfy the specific market needs. The company may also review prices, increase the quality of products and services and undergo major promotions for this products and services.
Explore this Topic
A niche market is the subset of the market on which a specific product is focusing. It defines the specific product features that are aimed at satisfying certain ...
Some advantages of using niche marketing include lower levels of competition, and the ability to set products and services at premium prices. Reaching target markets ...
Examples of niche products include: hybrid vehicles, tattoo cream, petroleum, among others. The key to niche product marketing is to understand the definition ...
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