💢 Niche marketing is a group of advertising strategy that focus on a unique target market.
Instead of marketing to everyone they markets to one or few group -niche or demographic of potential customers who would benifits most from the products.
💢A niche market could stand apart from others because of :-
1) Geographical conditions
2) Culture, religion
3) Lifestyle
4) Features and needs
4) Method to addition and reduction of wants
💢The benifits of niche marketing is that that they are differentiate from other company as they are unique type of customer having a particular demands and are Differentiated with other customers and their needs.A particular brand appears to be unique having distinct customers.
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Examples of niche marketing :-
💢 INCREASE IN NUMBER OF CONSCIOUS CUSTOMERS
🛑 A research said that more than 45% of the Americans are ready to change their eating habits to protect the environment proved in the survey by neilson.
So a niche marketing brands should sell :-
1) Reusable straws
2) Reusable Tissue paper
3) Biodegradable tea cups
4) Non plastic wrapper
💢 PETS LOVERS
🛑 More than a majority of people in the united states have a pet in their home said a leading survey agency. They take care their pets as their own child.
So the niche brands are selling :-
1) Merchandise for their beloved pets
2) Foods specially for pets
3) Dining sets for their pets
4) Home , Beds, Bathroom for pets.
In above cases we clearly saw that a niche marketing is working with having a unique customers and earning plenty of revenue from this marketing.
So These are the examples of niche marketing.
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Good post.
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