Developing the Idea of a Niche Market

Readers, this is an excellent article if you are trying to decide what kind of business you can develop.  I used the same tactics when coming up with the idea to specialize in divorce real estate.

Good luck.  Randy

Strategies and Tactics for Women

by Dr. Shannon Reece

Ask Shannon: Niche Narrowing Strategies?

Question: ”In order to narrow my niche, what do you think about making inquiries via Reporter Connection about overwhelm for various niches, writing articles, and seeing what reaction they generate?”

– Dr. Monique Y. Wells, Understanding Time Management, Paris, France

Shannon’s Answer: Monique, thank you so much for your question! First of all, thinking about ways to narrow your niche and get really targeted with your marketing is a great plan. Too often entrepreneurs try to be everything to everyone, which leaves their marketing messages rather unfocused.  Contrary to what new entrepreneurs might think, directing your marketing strategies on a narrow niche actually makes attracting clients much easier.

Become a Reporter

One of the best ways to find out what your ideal customers really want is to simply ask them, and there are many avenues you could utilize to gather than information.  If you have a large, interactive email list, you can simply entice them to complete a questionnaire.

For those with smaller, growing lists you can certainly draw parties interested in your focus area by submitting queries to sites like Reporter Connection or HARO (helpareporter.com). The other advantage with this strategy is getting your name out to a broader audience of potential customers, and peers who may already be working with your target clients. Quality survey questions and reporter queries will certainly provide you with lots to write about, from which you can measure interest. But none of that will matter if you aren’t certain that you are trekking down the right niche path.

Know Thyself

The clients I have had the pleasure of working with know that polling the public is not step one in my book. Before you start looking outward for your niche, you must first do some serious self-examination. Yes, it’s vital to know that there is a need “out there” that people are willing to spend money to fill. But you have to know the best of what you have to offer before you can begin to wrap it up in a pretty marketing package to a specific niche.

Ask yourself the following questions to establish a baseline from which to work –

  • What do you really love to do, that when engaged in it, time seems to stand still?
  • What are your greatest strengths and gifts?
  • What are you strongest experiences that have helped shape you into the woman you are today?
  • What group of people do you naturally gravitate toward, and have the easiest time relating?
  • Where do your passions lie?
  • Based on all the information above, what do you believe is the one problem for the group of people you are drawn to struggle with, for which you can provide a unique solution that is not currently being offered?

The more you know yourself, the more you will know who you are designed and prepared to assist. Once you know who your target audience is, you can discover where to connect with them, and begin to ask them deep questions to draw out what they really want and are willing to pay for. And that’s where the strategy you asked about above can be handy.

I use HARO nearly every week to poll interest on a variety of subjects pertaining to entrepreneurship, and am always thrilled with the wealth of information and insight that comes pouring in. Not only do I get to share valuable content with my audience, but I get to see what is important to them, and others who share their comments.

As with anything in business, if you don’t ask, you don’t get. Just make sure that you have a plan in place wherever you decide to invest your precious time. That way you can measure your results against your goals and determine when it’s time to change course to keep moving ahead.

To your business success,



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