Niche market is one of those buzz terms that gets thrown around a lot. Just about any marketing book, article or blog post worth its weight talks about niche marketing. It’s so prevalent that most small business owners would say they’ve heard the term.

But just knowing about the term niche marketing doesn’t mean you know what niche marketing really is. Or how it applies to your business.

Most service-based business professionals I work with and talk to have some idea of niche market. Often, they think of it as the group of people their business serves or the market they target their services for. And while it’s true that your market is who you sell your products and services too, it doesn’t mean you’re selling to a niche market.

[ continue reading & share your thoughts → ]

If you’re paying attention to the media you know that we’re are headlong into some hard economic times. Banks are failing, investment firms are in financial trouble and the housing markets across the nation are suffering.

Things are so bad here in Michigan, the state with the worst economy in the nation, that General Motors is talking about buying Chrysler - the Big Three become the Big Two.

So are these such terrible time economically? For some, yes. For others, and I’m not talking about the extremely wealthy, no. But that’s not how it’s being talked about. If you just pay attention to all the Henny Pennys writing for newspapers, magazine and the web and listen to their banter on TV and radio, our economic sky is falling.

[ continue reading & share your thoughts → ]

Is it really possible to create a viral marketing effect?

Sure, it’s possible to create a viral marketing strategy. And it’s certainly possible to know what viral marketing is and, theoretically, how to use it.

But can you just simply create a viral response in some formulated or calculated way? Or is viral marketing something that happens as a result of a little solid word-of-mouth marketing and a little luck?

Well, according to Ze Frank, we don’t just go get ourselves a viral marketing experience. Rather it’s something that sort of organically happens based on, first, word-of-mouth marketing and then, second, by way of having chosen the right thing at the right time with the right audience. In other words, viral is not something we can just go get.

[ continue reading & share your thoughts → ]