What to Consider when Setting up your Own Niche Business

Job or personal business

Often the best businesses stem from a passion for a specific niche. Do you have an idea that you think would make a great business platform? Start your own business project this year and find out how a niche can turn into a successful business.

Here are a few things to consider before starting a small business. 

Product

Before you contemplate an entire business, you need to nail your niche product. Most products are already available from larger enterprises. However, sometimes these products can be hard to obtain or of poor quality, creating a perfect opportunity for you. Specialise in this gap in the market and build up enough knowledge to answer the more difficult questions. Provide quality advice and information on your business website about your niche through an FAQ section. 

People

Identify your target market and whom you are targeting your product towards. One of the best things about owning a small business is connecting with your customers. While large businesses find it impossible to communicate with every customer, smaller business can add a personal touch to their service.

Consider rewarding regular customers and personalising your service to their specific wants and needs. Talk to your target customer base and build relationships by making regular contact with them. They can give provide you with constructive criticism that will improve your product, service and business strategies!

Marketing

How will people find out about your business? You need to establish a social media presence and educate yourself on social media marketing, smart emailing, and connecting with your customer base. Research the most-used social media platform for your target demographic and utilise it. For example, millennials and Gen-Zers respond to Instagram marketing, while older individuals prefer Facebook.  

Your business’s success or failure may depend on the connections you make with potential customers and clients. 

Process

Once you have a product and customer base, you need to process the sales. Log them in a revenue system, or if you are running your business through a CMS, use that. The most important part of a deal is the delivery and making sure the customer receives the product. It is essential to use a reliable parcel courier service to deliver your parcels and ensure they get to your end customers.

Retain

If you have a high-quality product and friendly customer service team, you will likely retain a customer base. Consider opting for a product that customers will re-purchase again and again.

Ensure your customer service is friendly and well-trained to answer all enquires quickly and effectively. Customers are far more likely to return to your business if it’s easier to order from your business, and any issues can be quickly resolved.  

5 Famous Mobile Marketing Automation Platforms

5 Famous Mobile Marketing Automation Platforms

Choosing the right platform for marketing automation is a difficult task. There are a lot of tools out there, most of which are more similar than different, providing standard features such as user segmentation, push notifications, and in-app messaging.

In addition to these standard features, these platforms provide analytics solutions that help you create data-insights driven marketing campaigns. Your preferred marketing automation tool can depend on how good the UI is, the level of automation that the platform provides so that you don’t have to analyze data on your own, how customer behavior centered the tool is, or whether it can easily be integrated within your existing stack or not.

Following are some famous mobile marketing automation platforms:

1. Swrve

Swrve helps brands respond to the needs of each individual customer in real-time and deliver relevant messaging across various mobile devices. Retention and behavioral analysis provide a clear picture of user interactions and help identify how well users like your app. 

The A/B testing provided by Swrve is highly customizable, accounting for specific demographics, usage, and much more. Available on a wide range of platforms, Swrve comes with a free trial that will help you decide if Swrve is the right option for you or not.

  • Best suited to big brands and agencies with a generous budget
  • Comes with Code-level A/B testing, push notifications, and in-app campaign delivery
  • Best for Marketing automation
  • Pricing: Monthly packages based on MAU and level of support

2. Braze

Formally known as Appboy, Braze is a close contender to Swrve. It comes with AI-driven suggestions that build user profiles based on demographics and purchase history. 

The Visualisation Canvas helps create goal-driven and heavily personalized customer journeys. Braze’s partnership with Amplitude allows data sharing between the two platforms. Braze lacks A/B testing, but its AI insights and Visualization Canvas more than covers for it.

  • Suited for Business of all sizes
  • Comes with AI-driven analytics
  • Visualization Canvas for creating custom Journeys
  • It provides comprehensive marketing automation with email as well as in-app messaging support
  • The pricing accommodates for growing businesses as well as enterprise
  • Lacks resource A/B testing

3. Amplitude

Amplitude is a platform for Product Analysis that isn’t used standalone but as a part of a complete marketing automation stack. 

Amplitude comes with Behavioral Cohorting that helps identify user behaviors contributing to long-term retention or any other desirable actions. The Microscope feature provides detailed user-behavior behind every data point in your graphs. Cohorts can be directly exported Braze or to any other platform through the APIs.

  • Suited for those who need an additional marketing analytics tool with their existing stack
  • Provides data scanning, identifies trends
  • Behavioral Cohorting to proactively promote positive user-behavior
  • Seamless data export to Braze
  • 0-10 Million Monthly Events – Free/ 0-100 Million Monthly Events – $995 / 0-10 Billion+ Monthly Events – POA

4. Localytics

Comes for mobile and web, Localytics provides Advanced Funnel Analytics that measures variations in user’s in-app journeys. 

Localytics has mastered analytical insights to device personalized push campaigns based on historical user behavior. The Predictive Module reveals leading indicators of users’ future behavior, a feature that major marketing tools lack.

  • Suited for Businesses of all sizes
  • Comes with real-time engagement analytics, flexible push notification marketing
  • Provides location-based messaging powered by Geofencing
  • The tool is priced based on MAU

5. CleverTap

CleverTrap, like its contenders, integrates well with web traffic. The Pivots feature that comes with CleverTrap provides a Pivot Analysis that helps summarise large volumes of data into tabular and other visualizations. You can create live user segments to reveal user actions even within the last 10 minutes, which helps manipulate user behavior on the fly.

  • Suited for Businesses of all sizes
  • Comes with Real-time engagement analysis, flexible push notification marketing, Geofencing based segmentation, A/B testing
  • Proficient mobile marketing and comprehensive analytics
  • Starter (Free – 10m events) / Pro – $350 pm / Unlimited – $700 pm / Enterprise (POA)

Final Thoughts

The list of famous Mobile Marketing Automation Platforms that I have put together will help you choose the best one for you according to your business needs. Make sure to go through the services and compare them with your requirements to choose the best fit.