Wholesale & eBay Forum General Selling Advice & Tips Word of the week: Niche Markets

Word of the week: Niche Markets


karen_salehoo
Site Admin
  • Posts: 46
  • Joined: 27 Oct 16
  • Karma:
5 Jan 17 06:45:05 am
As a newbie, the whole process of selling online is all too unfamiliar yet alone some terms or words. Words may be too technical to comprehend or too jargon - does not ring a bell at all! Word of the Week will be updated regularly to help us understand these words more or refresh our knowledge. It's time to broaden our vocabulary! :)

Word of the Week: Niche Markets

Niche Markets are a well defined segment of a larger market. It is a smaller portion of the whole target market. This market is a more specific segment wherein you narrow down the customers you are targeting to capture. In that light, niche markets are easier for you to focus all your marketing efforts cohesive to their needs.

Furthermore, here is a concrete example of how you find your niche. If you plan to sell School Supplies. You can explore its niches like selling mainly school supplies for Engineering students or Fine Arts students. Or you may also find other niches like catering to grade school pupils therefore, supplying cartoon character designed school supplies. To give you other ideas of niche markets, for instance in the food category - It is a very broad scope so you will the explore its niches such as organic food products or non-gluten food products so you will have a more specific target market who needs only organic and non-gluten products.

There are several ways to help you find your niche

1. Selling stuff from around your home - This is a great way to find niche markets and hot products.

2. Use the Link hidden: Login to view: Our Market Research Lab is designed to help you find the top selling niches across all product categories. Many of these products are sure sellers, plus they are fairly easy to get hold of.

3. Our Twitter feed! We regularly post hot new markets on our Twitter stream - follow us by clicking Link hidden: Login to view

P.S.
Feel free to suggest words for Word of the Week by commenting below!

P.P.S.
Should you be interested to read thru all posts for Word of the Week, just go to the Search box on the forum and type in Word of the Week and you'll see all the posts in the results list.


Cheers,

Karen
Customer Support
SaleHoo Group Limited

Be a part of an informative and interactive directory of drop ship suppliers! Join us at SaleHoo via Link hidden: Login to view and reduce your risks in selling online!

botoura
Full Member
  • Posts: 2
  • Joined: 24 Dec 16
  • Karma:
8 Jan 17 08:07:21 am
hi


rafkury
Full Member
  • Posts: 2
  • Joined: 27 Jun 16
  • Karma:
9 Jan 17 09:04:16 am
Hello,

Je suis en Europe, j'aimerais savoir comment choisir le meilleur produits de niche pour l'Europe?
J'ai un site Internet en dropshipping.

merci


hmegagreen
Full Member
  • Posts: 1
  • Joined: 10 Jan 17
  • Karma:
12 Jan 17 01:17:40 am
Hello! I joined Salehoo a day ago, and loving it already! Super excited to change my life and others for the better! :-)


karen_salehoo
Site Admin
  • Posts: 46
  • Joined: 27 Oct 16
  • Karma:
12 Jan 17 03:15:09 am
Hi botoura and hmgagreen, welcome to SaleHoo forum :) Happy to have you on board!


Cheers,

Karen
Customer Support
SaleHoo Group Limited

Be a part of an informative and interactive directory of drop ship suppliers! Join us at SaleHoo via Link hidden: Login to view and reduce your risks in selling online!

karen_salehoo
Site Admin
  • Posts: 46
  • Joined: 27 Oct 16
  • Karma:
12 Jan 17 04:07:28 am
Hi rafkury,

There are several ways you can try to help you find your niche. Here are a couple sure ways for your to try -

1. Selling stuff from around your home - This is a great way to find niche markets and hot products. There are two excellent reasons for starting out in this way: feedback and trial of fast-moving products.

2. Use the Market Research Lab: Link hidden: Login to view - Our Market Research Lab is designed to help you find the top selling niches across all product categories. Many of these products are sure sellers, plus they are fairly easy to get hold of.

3. Our Twitter feed! We regularly post hot new markets on our Twitter stream - follow us by going to Link hidden: Login to view

4. Your own hobbies and interests - It is easier to sell something you have a good knowledge of and you believe in so it would be easier for you to market.

P.S. - You can write your reply in English so everyone can relate to your posts :)


Cheers,

Karen
Customer Support
SaleHoo Group Limited

Be a part of an informative and interactive directory of drop ship suppliers! Join us at SaleHoo via Link hidden: Login to view and reduce your risks in selling online!

 

What's Hot on the Forum:

SaleHoo helps over 137,216 online business owners
find reliable low cost suppliers

Find out how