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Essential Steps to develop the Niche Marketing Strategy

Submitted by frndzzz on Tue, 12/31/2019 - 07:24

Some of the important steps to develop the niche marketing strategy are discussed below. There are many niche marketing strategies available, all of them can make money  to get success in business. Some of the essential niche marketing strategies to grow your business are as follows. Also check it out advantages and disadvantags of niche marketing to know more about it.

Purpose of Niche Marketing

Submitted by frndzzz on Tue, 12/31/2019 - 07:03

Points on purpose of niche marketing are listed below. Niche marketing focuses on niche area of any market segment or products and services, faces less competiton and more chances of customer retention. Niche market products or services are more effective at the initial state of product life cycle. You might also like advantages & disadvantages of niche marekting for more information.

What is Niche Marketing?

Submitted by frndzzz on Sun, 06/02/2019 - 08:42

The term "Niche" can be defined as a "A special area of demand for a services or a product", While marketing is dened as an opportunity to buy or sell products or services.

Niche marketing can be explained as buying or selling of a product or service in a special area of demand. 

In niche marketing small segments of large market are identified and campaign is designed to target audience by providing specific solutions to them.

Niche marketing need to be different, need to be specialize and be able to stand out from the crowd.

 

Advantages and Disadvantages of Niche Marketing

Submitted by frndzzz on Thu, 01/17/2019 - 02:12

Advantages and Disadvantages of Niche Marketing are as follows, So let us check it out one by one.

Advantages:

The following are the advantages of niche marketing :

1. Less Competition

Niche marketing has comparatively quite less market competition for the viable competitors purchasing services or products.It helps business to build their brand loyalty.

Advantages of internet marketing

Submitted by frndzzz on Mon, 07/28/2014 - 03:04

Advantages of  Internet marketing - It is also known as online marketing, In order to increase sales of any product using "internet" or web  marketing is done. There are various advantages of this type of useful  "internet marketing" along with online advertising can be done in various ways such as advertising on websites, blogs, email, and many affiliate programs are also available along with it to increase the leads of products and hence higher profit.

The List of Abbreviations used in Pharmaceutical Industry

Submitted by frndzzz on Thu, 10/01/2015 - 05:34

You've already read about various topics related to Pharma Industry.Well, today I want to introduce you to the List of Abbreviations used in Pharmaceutical Industry.

There are lots of topics related to pharmacy which are available on the internet. We have studied a lot about various activities carried out daily in pharma industry so it is very important to know all the terms used in pharma.

Here is what you are goint learn in the List of Abreviations used in Pharmaceutical Industry:

Features of Debentures

Submitted by frndzzz on Tue, 04/24/2018 - 08:08

Check out Features of Debentures discussed below. So let us find out some information on features to know more about debentures.

Debenture Features :

The rates which is to be paid or payable on debentures is fixed.

Debenture may be convertible

No voting rights on debenture, holder does not have right to vote in a meeting.

Instrument of loan

Debentures can be redeemed after a fixed period of time.

Debenture holders can be considered as creditors of the company carrying a fixed rate of interest.