Ask Kirsty - Can I Compete In An Already Occupied Niche ?

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I’ve had quite an interesting from Rich. It is yet another question regarding the selection of niches, but with a twist… is it really OK to try to compete where there is already one or more established sites within the same niche.

Here’s his question: -

Kirsty, first of all, some brownnosing – I love your blog and the help that it gives people like me who are newish to affiliate marketing. Instead of “chest beating” you give some really helpful advice and I remember voting for your blog in the A4U awards last year, you should have won!

Ok, onto the serious question I have.. should you start a site in a niche where there is already a specific market leader? I have an idea where I think there is a bit of money to be made and it interests me also, and my plan is to create a blog/magazine type site similar in approach to your lingerie brands site (but a completely different niche!).

The trouble is there is an established site out there which has a decent following and has had some excellent offline exposure as well. I don’t know if there is too much differentiation in what I could offer, so would I be fighting a losing battle against them, or be seen as “copying” them if I started much later and didn’t have enough of a USP.

Some of me doesn’t like to “follow”, but when I see the amount of voucher code sites out there it makes me think that some markets can take a large number of similar sites which are very similar.

Anyway, a successful affiliates view on this kind of thing would be much appreciated!

Keep enjoying Australia, I have family out there, absolutely love it and what you’re doing is my dream!

Many Thanks,

Rich

Well Rich,

Wonderful compliments, thanks… I must get you to drop me a line the next time I’m feeling sorry for myself!

Of course, I don’t know which particular niche you are talking about. Lets face it, you don’t want me publishing that info or you’ll have 100 shiny new competitors by this time next week! Therefore I’m going to have to generalise and cover a few bases with this.

So long as what you have identified really is a niche I don’t really see any issue with you going up against an already established site. However, if you have chosen a “genre” instead of a niche then think twice about setting yourself up for a huuuuugggeeee task. To clarify for anyone who thinks I’ve gone barking mad, a “genre” would be something like shopping, whereas a site such as my Lingerie Brands site is a niche within that area. Geddit?

As you rightly point out with your voucher code sites example, Affiliate Marketing is an industry defined by its competitiveness. So long as nobody is ripping off anyone else’s site or content, it is all fair game. Any affiliate with a shred of common sense has no problem with this. It is the competition in this game that makes us all push on to achieve greater and bigger things every year.

You are an individual. As such you will probably find you deal with your subject matter differently to the owner of this other site, and create something with your own distinct touch to it.

If I were you, I’d sit down and try to actively think of ways to differentiate your site. Get a notepad out and have a real old brainstorm. First off, sit down and write out all the features you can see on the existing site that you think are really working. Once you’re really familiar with it, you will find all sorts of ideas to improve on their offering popping into your head. If, as you say, it is an area you are interested in you should find this happens really naturally (which is why I’m always harping on to people about following their interests in this game).

You might think you can’t do this right now… but seriously… you will surprise yourself. This will have the added bonus of giving you different avenues from which to extract search engine traffic

To close, the best thing for you to do next is a bit of advice I’ve heard loads of bloggers give to new affiliates: - You KNOW what you want to do. Stop thinking!!

Do it Now!

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4 Responses to “Ask Kirsty - Can I Compete In An Already Occupied Niche ?”

  1. Tony Says:

    Kirsty, brilliant, this has answered a question I was wondering about.
    I have started a site in a niche where there already is a really good established site. I was wondering whether to improve my site or give up!
    I better get working!

    Tony

  2. David Fiske Says:

    Your readers may also be interested in this article at http://www.davidfiske.com/item/2008/03/it-s-all-complimentary

  3. Andrew Says:

    Hi,

    I have been interested in getting involved in affiliate marketing and have had all sorts of ideas following brainstorming sessions which tend to go off on a tangeant and before you know it it kind of gets out of control and turns into something completely different.

    In respons to the letter I suppose the best way to see if it is worthwhile is to get on and give it a go and monitor the progress made. On the downside you could put in all that work only to find it was a waste of time. However, you don’t know until you try.

    Like anything in this business I’m pretty sure every niche which has an affiliate scheme will have been done. Question is can you do it better than others? Offer something different (no matter how slight)? Or can you grab a piece of the pie.

    If you got a few big players and manage to build your site up, you never know one of them might even make you an offer to buy it? Lastminute.com went on a huge acquisition trail a few years back and some of the companies they bought were only a couple of years old and the owners made a tidy few million. Not a bad return after 2 years!

    Just look at the huge number of voucher code sits and gadget/tech blogs/sites. At the end of the day as a one-man-band affiliate even taking a very small market share in some areas can provide you with a nice income. Taking just 2% of a £5m a year “niche” is £100,000 a year.

    I say give it a go, keep your eye on the ball and monitor the progress made, and re-evaluate. Good luck!

  4. Rich Says:

    Kirsty, thanks for taking the time to answer my question and in a way that gets across almost exactly what my issue was and why I was hesitant.

    I get what you mean about my take on a niche being slightly different from anyone else, and I think that I will brainstorm it like you said as that seems a decent way to get my head down onto paper!

    Also thanks to David for that other link which is also interesting. I guess I need to just get on and do it like you said!

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