Marketing Archives

How to Choose a Niche for a Startup Business

How do you choose an appropriate niche for your product/service? Why is it especially difficult to choose a niche for a startup? For a startup, choosing an appropriate niche in the market is especially challenging because you can’t survey your customers or gather data on them—you don’t have any customers yet. This makes it difficult to make a decision that will determine the fate of your company because you don’t have enough data to substantiate your choice analytically. In this article, we will discuss how you can select an appropriate startup niche.

How to Pick a Niche for Your Personal Brand

When it comes to marketing, why is it better to pick a niche than to try to target popular demographics? What factors should you consider when choosing a niche for your brand? Gary Vaynerchuk, a successful entrepreneur and social media expert, says that you should pick a niche audience rather than a popular one when creating your personal brand. There are many reasons why he gives this contradictory advice. Here is why you should pick a niche and how to do it.

The 6 Best Marketing Strategies for Small Businesses

What are the best marketing strategies for small businesses? How can you incorporate these strategies into your business’s marketing plan? Entrepreneur and consultant Allan Dib argues that marketing is the highest-value activity a small business owner can engage in. In his book The 1-Page Marketing Plan, he outlines the best marketing strategies for small businesses and gives advice on how to implement them. Find his six best marketing strategies for small businesses below.

Gary Vee: The 4 Steps to Building an Online Presence

What are the steps you should take when building an online presence? Should you hire a web designer to build your site for you? According to marketing expert Gary Vaynerchuk, after you pick your niche market, the second step is to establish your presence online. Vaynerchuk recommends four steps for doing this. Continue reading to learn how to build an online presence.

Geoffrey Moore: Chasm Theory and the Revised TALC

What is Geoffrey Moore’s chasm theory? How does Moore’s model differ from the traditional Technology Adoption Life Cycle? According to the traditional Technology Adoption Life Cycle, customers smoothly and progressively transition from one stage of adoption to the next. However, according to Moore’s chasm theory, the psychographic differences between customers in each stage create gaps between each category, and the traditional TALC doesn’t account for those gaps. In this article, we’ll take a look at how the characteristics of each category generate each of the gaps.

Adoption of New Technology: The Struggle Is Real

Have you ever wondered why so many high-tech products seem to make a sensational entrance, but then disappear before they’re refined enough to become practical? What is the reason why most new, high-tech products never reach the stage of maturity? Adoption of new technology by the mainstream market doesn’t happen overnight. Further, most tech products will never see mainstream success. Marketing consultant Geoffrey Moore has an explanation for this: once the product is adopted by the early market of tech-savvy users, the sales stagnate as the mainstream market customers are not as keen on jumping on the new technology. Moore

Prospecting Customers: The 3 Steps to Success

What does it mean to prospect customers? How can you identify potential customers? Prospecting customers is the first step in an effective marketing strategy. It involves identifying your target audience and developing a strategy for turning them into paying customers. Keep reading to learn about the three steps of prospecting customers.

Which Digital Marketing Medium Should You Choose?

How do you know which marketing medium is the best choice for your brand? What factors do you need to consider? In his book Crush It!, self-made millionaire Gary Vaynerchuk says that once you decide what your personal brand will be, you need to figure out which medium to market it on. Choosing between text, audio, and video can be a tough decision. Here is how to choose the right marketing medium for your account, according to Gary Vaynerchuck.

How to Cross the Chasm: Moore’s 4-Step Guide

What does Moore mean by “crossing the chasm”? How does remaining in the chasm between the early market and the mainstream market sabotage your business? According to Moore, in order to succeed in the early market, the company must “cross the chasm.” At a high level, crossing the chasm means becoming the market leader in a very specific niche market, and then expanding into other niches until you dominate the whole market. In this article, we’ll present an overview of Moore’s advice on how to cross the chasm.

Crossing the Chasm: Marketing Tech Solutions

How do you market a breakthrough technology? What customer segments should you target? According to Geoffrey Moore, the author of Crossing the Chasm, marketing high-tech products to the early market begins with innovators and moves to early adopters, early majority, late majority, and then laggards. The challenge for companies is to cross the chasm between the early market and the mainstream market (where the majority of customers are) and ultimately accelerate adoption across every segment. In this article, we’ll take a look at Moore’s chasm marketing chronology and the potential problems that could arise during the process.