Client Magnets Official Blog

Posts Tagged ‘finding your niche’

It’s a lot easier to turn a ship that’s moving in the wrong direction than it is to turn a ship that’s not moving at all.

If you’ve been getting “analysis paralysis”, scratching your head and trying to figure out what your direction is, just pick a purpose and start heading toward it. If you’re off course, the market will correct you.

If you’re not heading in the right direction, the market will quickly give you feedback that will help you adjust. Just don’t get overly concerned that what you decide today is going to be cast in stone.

Don’t worry about picking the wrong area or niche at first. Don’t worry if you find that you’re being called an expert on something that you don’t want to be known as the expert on.

Areas of expertise can change. But you can only change your direction if you have already set out in one to begin with.

Bob Burg is the author of a book called “Endless Referrals.” He is now positioned as a referral expert and an expert on helping people to generate referrals for business.

When he first started out, his niche was memory experts. He noticed that people who took his memory courses wanted to improve their memory to remember the names of people they’d met at networking meetings and events. They wanted to improve their memory to achieve better business results.

As he spotted that connection, he started to focus more on being the referral expert. No one accused him of being a fraud because he was now a referral expert instead of a memory expert. The market let him know in which direction to steer his business.

When you set course in your chosen direction, look for niches and markets where it’s going to be easier for you to establish personal relationships and position yourself as an expert.

If the niche you do choose turns out to be an enormous amount of effort, you have to weigh whether or not it’s worth your while to continue down that road or take a different road to get business.

When Dan Kennedy, the marketing expert, was invited to submit a proposal to give a speech in Switzerland, he opted out. While plenty of other people would jump at the opportunity, and spend a day putting together a proposal to bid, that is not the way he wants to go after business. Perhaps it didn’t seem worthwhile to spend the time writing the proposal. The point is that you have to make the determination of how you want to do business.

Your niche will evolve with your business. It’s an actual evolution that happens in most any business. Look at my own situation. I started out as specializing, by trial and error, as a cold calling expert. But I didn’t stop at that. Today, I’m teaching people how to find new business and triple their income! The way in which I’m helping people and the types of people I’m helping is completely different from what I started out with.

But it’s turned out for the best for everyone!

Bernadette Doyle specializes in helping entrepreneurs attract a steady stream of ideal clients. If you want to get clients calling you instead of you calling them, sign up for her free weekly e-zine at http://www.clientmagnets.com

There are many ways to become a client magnet. Here are 20 proven methods that will help you to achieve astonishing business results.

•    Carefully choose the niche that you want to be known as an expert at.

•    Learn everything there is to know about your declared area of expertise. Go through the experiences and learn the lessons, connect with a mentor and then put it into practice to be successful. Only then can you teach and help other people to do the same.

•    Pick something that you’re passionate about; when you’re passionate, that really shows through.

•    You will make a greater impact in a place where you genuinely have some value to offer.

•    Realize that you don’t have to try to get every person you ever encounter to become a client.

•    Build your relationship with the people who have already “raised their hands” and expressed an interest in your product or service.

•    Focus your effort and energy on people who are pre-qualified to buy. It is more pleasurable to work with and for them than to try to convert people who will never be interested or will never be qualified to buy your services.

•    Approach your tasks with the right energy. A positive attitude will resonate with your clients; conversely, so will negativity.

•    Be a congruent model for success by focusing on and being committed to your prospects and clients.

•    Use one-to-many methods for connecting with clients and offering services, as much as possible.

•    Put systems in place to start building your list.  Then continue to grow and improve your lead generation systems.

•    Know the principles behind offering ethical bribes, such as a free report, and have processes in place to handle responses.

•    Incite a call to action by creating a sense of urgency for people to sign up with you or purchase your offer. Deadlines work well for this.

•    Don’t underestimate the value of affiliates and joint venture partnerships.

•    Be consistent. Systematize and automate your process so that you can make money even when you aren’t working.

•    Use articles, teleseminars and social media to increase your exposure and the perception of you as an expert.

•    Use quality software to build and maintain your websites and blogs.

•    Always offer an upgrade with every sale.

•    Build relationships by following up with the people you meet at networking events right after the event.

•    Offer something for free or do a product giveaway at an event, collecting contact information in exchange for entry.

Implementing just some of these strategies today will add many more prospects to your list and take you closer to a more profitable business.  When you’ve applied them all, you will be a true client magnet.

“Knowledge will not attract money unless it’s organized and intelligently directed through practical plans and action.” Napoleon Hill, from Think and Grow Rich.

I love this quote. It’s true that all of the knowledge, skill and expertise in the world won’t make you money and turn your vision into reality unless you have an actual plan for how to use them.

Before you can formulate your plan, however, you need to start first with your vision. You have to really see where you want your business to go.

The following questions will help you to plan to reach your business goals by first giving you a clear mental image of what those goals are.

How much money do you want to make?

Name your revenue goal for this year. You have to put a figure on it. When you voice that goal, don’t phrase it in the form of a question. You’re not asking someone’s permission to make that money. State, out loud, what you want to make.

If that figure is in your head, if it’s in your heart, and if it’s something you’ve been dreaming of, it’s absolutely achievable. Doreen Virtue says that God doesn’t give us our dreams without the ability to make them real.

So whatever the figure is, you have to name it to claim it.

Rather than naming a general, round figure – 100,000, a quarter-of-a million, or a million -  be more specific.  Round figures aren’t real enough for you.  Calculate what your dream life would cost you, and then cost it out. It’s rarely going to be a round number. So, get really clear on your revenue goals.

What kind of lifestyle do you want to live?

Think about your lifestyle goals. How much do you want to be working? For example, do you want to take extended vacations and not work for a couple of months?

I decided last year that I didn’t want to work more than three days a week. And now, I don’t. There are plenty of things that will test your decision. You have to decide what’s right for you, and get it down on paper. Remember, the point is to visualize how you want things to be.

Will your business make a significant impact?

Finally, your vision is probably not solely about serving yourself. I’m willing to bet that it’s not only about money and a nice lifestyle, although these are great to have.

I believe that all of us are here to make a difference.

What are your impact goals? Know who the people are that you want to serve and what contribution you want to make. What do you want to be remembered for?

Mapping out your vision of your business, in your mind’s eye and on paper, will give you a good idea of what you want your business to look like.

The mental image and visual reinforcement will help you to develop a plan for making your vision a reality.

Bernadette Doyle is a marketing specialist who helps entrepreneurs become client magnets and attract a steady stream of their ideal clients. She publishes a free, weekly newsletter for trainers, speakers, coaches, consultants, complementary therapists and solo professionals. If you’d like to receive invaluable tips and advice on how to attract clients with ease, register at http://www.clientmagnets.com

Do you manufacture, sell or promote a product?  Do you offer coaching, professional or specialist services?   Chances are you have accumulated a great deal of specialist knowledge and expertise in your industry.

I’m going to show you a way you can turn your expertise into big profits!  And it’s as simple as sharing your expertise with others to help them become successful in your field.

1.  When sharing becomes profitable  …

The knowledge and expertise you have gained over years of working in your industry is VALUABLE.  It’s especially valuable to those people who want to learn from your years of experience to build their own businesses just as you have done.  By sharing your knowledge, experience and resources you are helping people to make money and create a better life for themselves.  People are willing to pay you big money to help fast track their success.  If you’re willing to share what they want and need, there are people willing to pay you to do that.

2.  Decide how you’re going to share your expertise

Hosting an event and turning it into a big pay day is a perfect way to share your expertise and help others succeed while making big profits for yourself!
A big payday event may take many forms. One of the most common forms is a seminar or conference where you share your secrets and tips with people who want to learn about your field.  You can also conduct workshops, give speeches or run specialist programmes.

3.  Leverage your event to make serious money

Registration fees are a starting point to making money from your expertise.  But you can generate far more revenue.   A big payday event can generate six figures.  Think big!  Your event provides you an opportunity to monetize your business in new and exciting ways…

• You could turn your big payday event into an opportunity to launch a new product or programme for your company.

• Your event also gives you an opportunity to align yourself with different industry leaders. By inviting others to speak at and promote your event, you build credibility through association.

• Think of ways you can use your event to diversify and increase revenue streams.  Consider ways you can include residual income from product sales, setting up new marketing or money-making coaching programs, and establishing lucrative relationships with new clients.

• While your big payday event provides you with a great opportunity to branch out into new areas, you can also use it to build your existing business. Use your big payday event to connect with new clients, or to convince fence-sitters that your product or service is the ideal solution.

If you’re ready to share your expertise and help others on the road to success, it’s time to think about hosting your big pay day live event.  It is possible to generate a six-figure payday; just by sharing your expertise.  I know because of have done it.  Use these tips I’ve shared with you to think big!    Start planning today and everyone wins!

Bernadette Doyle is a marketing specialist who helps entrepreneurs become client magnets and attract a steady stream of their ideal clients. She publishes a free, weekly newsletter for trainers, speakers, coaches, consultants, complementary therapists and solo professionals. If you’d like to receive invaluable tips and advice on how to attract clients with ease, register at http://www.clientmagnets.com

How to align your SPECIALISM with a hungry reachable niche who WANT what you offer.

This is both art and science and in this call you’ll meet Pete Bennett who will show you insider secrets for locating your hungry crowd online and small tweaks you can make immediately to generate a flood of new traffic and sales.

It’s My Next “MARKETING* MASTERMIND Call…”

Tuesday, 30th March, 2010

8:00pm UK Time (3pm EASTERN, 12 noon PACIFIC)

TOPIC:  *Finding Your Hungry Crowd*

This call is FREE for my hundreds of Marketing Mastermind and Stepping UP! members. They also get the CD and transcript of this call at no extra charge, plus a ton of other member benefits – such as access to our online members forum.

Not a member?  Then join the Marketing Mastermind Group today so you can take advantage of this call and all the other member goodies each and every month.

http://bit.ly/SellingSuccess

I look forward to “meeting” you on the call.

Best Wishes

Bernadette Doyle
www.clientmagnets.com

PS – Even if you can’t make the call, all Mastermind members receive a FREE CD of the call as well as a digital version of the audio and transcript! Take advantage now.

http://bit.ly/SellingSuccess

Are you waiting for that “aha!” moment to finally figure out your special role on the world’s stage? Do you expect that one day your specialty will just hit you like a bolt of lightning?

If you’re waiting for the light bulb to turn on, you may end up sitting in the dark for a very long time. More often than not, identifying your niche and your specialty is more like a silhouette emerging through the fog.

In my own experience, picking a niche always comes about gradually. You’re working on one thing, and then another thing similar to that, and before long, you are being associated with a specific specialty or setting.

You probably don’t even realize it as it happens because the process of creating your niche is steady and progressive – the feeling isn’t at all like your expectations. No fireworks, no clashing symbols.

The whole evolution of my own niche probably took 12 to 18 months. I didn’t just ask myself one day, “I wonder what my niche is?” and the next day decide to be a cold calling expert. And, once I became a cold calling expert, I didn’t stop there.

You need to just keep going and continue defining yourself in your business. Ask yourself, “What is it that people are struggling with that I can help them with?”

I honed in on the area of appointment setting and appointment making. At that time, no one else was really offering courses on that specific topic. That helped me to stand out in the marketplace. Part of the reason that I stuck with that niche was that the market kept me on track.

I’m not where I am today because I decided at a very early age that I wanted to be an appointment setting expert. If there is a demand for what you are doing, the market will tell you whether you should continue in that direction. It just may not be a direction you ever saw yourself heading in.

Keep it simple.  Look around you and ask yourself, “What am I seeing that’s coming up as a problem for people time and time again?”

You can look at the needs of existing clients, read trade magazines for your industry or visit online forums to find similar topics that come up again and again.

There will be some that you’re drawn to and others where you don’t have that same attraction. Follow up on the ones that you feel a pull toward and see what happens.

Don’t confuse identifying a niche with “what’s my purpose in life?” That is a much bigger question. You are a magnificent being with so much to do on this earth. It’s unlikely you’ll be able to boil it all down into one sentence.

But, that’s actually exactly what you need to do when you pick a niche. Boil it down. Pick one phrase. “I help ____ to achieve or to solve ____.” Maybe you help moms who want to start their own business, or need another example here.

If you’re approaching your niche as a life purpose question, it’s going to be nearly impossible to answer. Take yourself off the hook and take that pressure off yourself.

Your niche will evolve with your business. Again, learn from my situation. I didn’t stop at being a cold calling or appointment setting expert. Today I’m teaching people how to find new business. The way in which I’m helping people and the types of people I’m helping is completely different from what I started out with.

So, don’t be concerned that what you decide today is irreversible. The market may take you in another direction over the course of time.

Approach finding your niche more pragmatically. Identify the area where you think there could be demand and where you feel you’ve got some expertise and can add some value. You don’t have to have it all perfectly figured out from the outset.

Bernadette Doyle is a small business marketing expert. Get more tips and advice at http://www.clientmagnets.com

Where do the people in your target market hang out? That’s a question you’ll want to answer in order to grow your business quickly. Online or offline, people with similar buying habits tend to read, join and discuss in the same places. By doing some research, and creating a list of established points of connection, you can affordably reach more people in your target audience.

Where Do Your Target Prospects Flock Together?
The old saying about “birds of a feather” really applies when it comes to people likely to buy your product. They probably read the same publications, hang out on the same websites and belong to the same associations. What’s more, they’re likely hanging out together in significant numbers.

This is where good research pays off. Once you learn where your target prospects congregate, you can find ways to leverage relationships other people have with them.

For example, if they’ve paid to subscribe to a magazine, there’s a relationship established with that publication. Someone else might already be selling their products regularly to the same group of people.  Many members of your target audience may also belong to the same trade associations.

The point is, any way you might be able to connect with your audience through an existing connection should be added to your list. Media contacts, possible joint venture partners, associations, and online discussion groups are all valuable assets to be leveraged while growing your list.

If this sounds like a lot of legwork, there’s some good news. Once you begin to find these places where your target audience congregates, a snowball effect will kick in. You’ll talk to one or two people, and then learn of more and more connections. Rather than painstakingly tracking down each place, your new prospects will begin to show them to you.

Find common connections between the people in a specific market. Look for books and publications which give lists of trade magazines or associations.

Ways to Reach Your Market
Remember, the key is to gather information on your list that allows you to reach your market. That means not starting from scratch trying to sell to your audience if there’s another way in.

You might choose to advertise in that magazine your target audience likes to read, or submit some editorials. As you research your list make notes about who accepts advertising, articles or editorials.

A joint venture with a company already selling products to your intended market is another good way to break in. Look online at companies you might once have considered your competitors. If your products complement theirs, a joint venture could benefit you both.

Another possibility is to offer to give talks to the groups you find your market tends to join. Keep notes on who needs guest speakers, how often they meet and whether you can sell from the back of the room.

Again, all this will take some research on your part. Even if someone else could tell you exactly where members of your target audience hang out, they don’t know your product like you do, so do your own homework.

A final tip about reaching your audience: don’t waste your money trying to reach your market through large publications. The expense to advertise in national, regional or even large local publications is enormous, and you’ll be paying for circulation beyond your audience. Target niche magazines and newsletters, instead; your return will be much more profitable.

Devote some time to researching where your target market hangs out and keep your eyes open for opportunities to leverage existing relationships. Expanding your list of marketing prospects will become much easier once you multiply your impact through these avenues.

There’s a logical sequence to building a business, whether it’s online or offline. There are certain things that must be done in order to see your business grow. By committing to follow these eight steps, you can attract more clients and have the kind of income you want.

Step One: Get Clear On Who You’re Targeting
Before you begin any marketing, you must find your target audience. Do your research and discover who your products or services can help the most. Without a clear understanding of exactly who you’re targeting, your marketing can’t be effective.

Specializing your approach will definitely help your conversion rate. It may make you nervous to think of narrowing your options, but it’s the first step in attracting more long-term clients. Here’s one more benefit to narrowing down your focus: each time you specialize a little more, you’re able to charge more for your services.

Step Two: Understand What They Really Want Emotionally and Logically
Once you’ve identified your best target audience, it’s time to learn what they really, really want. What do they dream of accomplishing? What keeps them awake at night?

There’s no point in marketing your products if you aren’t sure what your target market wants. Here’s a key concept: people buy what they want, not what you think they need. Get to know your market and you’ll find making sales much easier.

Step Three: Package What You’re Offering Toward Desired End Results
Because you understand your market so well, you know the desired end result they’d like to achieve. The closer you get to that desired end result, the better you’ll do in business. Package your products toward that result, so that you’re always meeting the needs of your clients.

When you’re really tuned into the needs of your target market, you’ll experience the rush of business running smoothly. You’ll stop having to push and shove to make sales and see how it all flows together—the needs of a group of people, and products packaged to meet those needs. What’s the takeaway? People don’t buy because they understand something, they buy because they feel understood.

Step Four: Create an Irresistible Offer
What, exactly, are you delivering with your products, and what must the client give in return? To be effective in marketing, you need to be able to answer that question in one sentence. Here’s an example: “Give me ten minutes per day and I’ll give you the body you’ve always wanted.”

You want to state your offer in a compelling way that has people raising their hands to say “I want that!” Work on developing your one-sentence offer; it will form the basis of all your other marketing.

Step Five: Go Find Your Target Audience
Where do the people most likely to buy your products hang out? Do they congregate on online discussion forums? What publications do they read? Which organizations do they join?

If you’ve done good market research in the previous steps, you’ll already know the answers. Now, go out there and make your irresistible offer to them in ads, talks, comments on forums and whatever way you can that makes them affordably reachable.

Step Six: Practice Great Follow-up
You’ve done your research, created great products, packaged them to meet the needs of your target audience, and made your offer where they congregate. To maximize all the hard work you’ve already done, you must follow-up consistently.

What’s the best way to make sure that happens? By automating and systematizing as much of your follow-up as possible. Here’s the rule: Always follow up, and find ways to make it automatic.

Step Seven: Close the Sale
This one gets stepped around so often, and that’s a shame, because it’s essential if you want to succeed. Learn how to ask for their business. For some companies, that might mean a face-to-face meeting, and for many others, the entire sales process can be automated. Unless money changes hands, you’re not really in business.

Whichever way you chose to close, you must give your prospects enough information that they can buy with confidence. Automate that information-sharing as much as you can, with webpages, sales letters and brochures, so that you can expand your impact in less time.

Step Eight: Make Additional Offers
The bulk of your profits are going to be made from additional sales to satisfied customers. You’ve already built a relationship with them and they know you can be trusted. Create products you can offer them as you continue to listen and hear what solutions they need.

These long-term clients give your business stability, and you’re not out chasing new clients constantly. Learning to make additional offers will make the difference in whether your business lasts.

Following the eight steps puts you on the path to attracting new clients and earning more income. Keep working through them until you’ve perfected your products and your offer. Automate as many of your processes as you can, and don’t forget to offer additional products to satisfied customers. By doing so, you’ll be on the road to the income you want.

Bernadette Doyle is a small business marketing expert. Get more tips and advice at http://www.clientmagnets.com

Knowing, in general, who your target market is can be a lot like knowing, in theory, what it’s like to ride a roller coaster. You may have read a lot about that amusement ride but, until you’ve actually ridden one, your knowledge is incomplete. In the same way, until you have an in-depth understanding of your target audience, it’s impossible to know what they need and how to provide it.

This may seem very elementary to you, if you’ve been in business for awhile. But it’s really the most important step toward building a stronger business. If you aren’t sure who needs your products and how that audience lives, works and thinks, how is it possible to market to them effectively? The great thing is that, once you’ve learned those things, your marketing efforts are much more successful.

Think of it this way: once you’ve clearly identified the group of people most likely to need your products, your marketing changes from “How to reach lots of people” to “Will this help reach my target audience?” That sort of focusing in is so much more effective in the long run.

So, what are some questions to ask when defining your target audience? Here are the important ones:

• What age, gender and occupation are the people who need my services?
• What are their hobbies and interests?
• What’s their lifestyle—where do they go on holiday and what do they buy when they shop?
• Are they married or single? Do they have children?
• Where do they live, and what things do they like to have around them?
• What is most important to them?

These questions are obviously targeting individuals. If you usually work with businesses, consider these factors, as well:

• What industries are my target clients in?
• Where are those companies located geographically?
• How many employees do they have?
• What position in those companies do my targeted contacts hold?

As you can see, answering each of these questions gives you a more in-depth knowledge of your target audience. Not being able to answer them simply says that you need to focus more on who is most in need of your services.

The more specific your answers to these questions, the more targeted your marketing becomes. The opposite approach to building business is to attempt to please everyone. The danger to that approach is that when your marketing is generic, it may not capture anyone’s attention.

Having clarity about a target audience and focusing on what they need is the strongest possible foundation for your marketing. If you feel reluctance about narrowing down your audience, is it because you fear losing opportunities?

The opposite is actually true. Trusting that you’ve found your perfect audience allows you to relax and simply meet their needs. You don’t have to fret about competition, because you’re the perfect person to serve them.

Specialising your services to meet the needs of your target audience can be scary, if you don’t yet feel that trust. Here’s an example that might motivate you toward identifying your niche:

Suppose you offer telephone etiquette training. Your current marketing generically offers to train employees to sound more professional on the telephone. What if, rather than offering general telephone skills training, you narrowed your approach down to teaching sales people to cold call more effectively?

Do you see how that narrowed focus might make your services more interesting? Cold calling is something most salespeople resist. By teaching those same salespeople to make more appointments with fewer calls, you’re providing a valuable service to sales-based organizations. That automatically makes your marketing more effective. You begin to attract business naturally from the companies that most need that service.

There’s no need to worry that you’ll miss opportunities by specialising because you focus your marketing on people much more likely to respond. Trust that your business will grow as you define your audience and target your services to their needs.

Take the time to identify your target audience more clearly, if you’re struggling to build your business. Identify who that audience is and what it needs, and you’ll see much greater returns from your marketing dollars.

One of the best ways to catch a prospect’s attention is offer them something of value. Think about it. What goes through your mind when someone offers you something which:
1) Is fresh and new?
2) Usually costs more but you’re getting it for less?
3) Is something that, until now, has only been available to the select few?

Are you interested? Does it intrigue you? Do you want to know more? Of course you do. We all do.

A free report is the prelude to your product or service; its purpose is to get prospects to buy whatever it is you’re selling. However, if your prospects aren’t reading it with interest, then your free report hasn’t served its purpose and your efforts have been somewhat wasted. To ensure that doesn’t happen, you need to create value. Here are three ways you can do that:

Monetary Worth
A fairly easy way to create value is to provide a monetary figure showing what the document is worth. This can be done a couple of different ways:
• Give the document a monetary value. What’s the report worth? How much would you spend on a similar book or CD? Determine a reasonable price and attach it to the report. “As a gift to our subscribers, this report valued at £45.50, is being offered free for a limited time.” By attaching a monetary value to the report, you have created 1) desire to have it and 2) interest in what could be inside.
• Give the information itself monetary value. In Richard Schefren’s highly-successful free report  Internet Business Manifesto (available from StrategicProfits.com) he did this by saying something to the effect of; “Up until now, this information has been closely held and only available to select online marketers… Well known marketers (insert name drops here) have paid upwards of $11,000 for it.” Now the information has a value attached; making it more desirable to the prospect.

Special Access
Another good way to establish value in a free report is to hint that it leads to something special—something few have had access to until now—which will put the prospect in league with the elite. Who wouldn’t want to know what the insider’s know? Again, we are creating desire.

Long Term Gain
Finally, a great way to establish value in both your free report and the program it is prelude to is to let your prospects know the long-term gain that can be achieved by reading, learning, participating, subscribing, buying, etc.  In Richard’s manifesto, he does this by saying, “There’ a very big idea inside it and many people have made a fortune once they’ve grasped the concepts which you’re about to receive right here for free.” Wow. Now there is value.

By establishing value for your free report, you create desire for it. And we all know what a powerful motivator desire can be.