Companies are finding it increasingly difficult to reach their potential customers. Finding your way through the social media and online marketing jungle is not an easy task. That is why, it is crucial for a company or an individual to specialize and focus on a niche market.
I remember when I first started my design business I took calls like: “Can you make me a website with 40 pages for under $200?”, “How about a logo? Can you manipulate my photos and put me next to Pamela Anderson?” My answer was always “yes” regardless if I was able to do any of it or not. I figured I have to “blast” them with my knowledge and show that I am an “all stop shop” for everything design related. I even got requests to create architectural drawings and redesign homes!
Needless to say I was the “jack-of-all-trades; master of just a few”. My life was chaotic and barely had time to catch reruns of “Family Guy”. Even more disturbing was the fact that my business was not even growing. That’s when I realized that this “shot-gun blasting” approach was not quite the one I was looking for.
After lots of research and feedback from my clients, I finally decided on my niche market. I start focusing on that and discarded all the other extra stuff. Pretty soon I became the expert in my niche market and clients were seeking me out instead of the other way around. Based on that, word-of-mouth was and continues to be still very big for me. Plus, it’s free!
If you are just starting out or if you are in midst of “revamping” your business marketing approach here are some things you need to consider:
1. ASSETT INVENTORY
Make a list of your strengths. Narrow them down to 2 to 3 max. Write down the pro’s and con’s for each; list all the ways you can develop the skills you already posses. Instead of dwindling on pleasing everyone with a multitude of services, focus on your strengths and be the best you can be in your field. These are your tools, your weapon and your ammo.
2. SEARCH & IMPROVISE
Find your field, your area of expertise and become the best you can be in that area. If someone is looking for a specialist in your field – you should be on top of that list. If you identify potential “contenders” in your niche market, network with them and find their strengths and weaknesses. Very often a new niche market might emerge just from this activity alone.
3. IDENTIFY POTENTIAL TARGETS
Go through your rolodex, Palm, contact database, friends, relatives, etc. and identify potential connections that are relevant to your “new” approach. If you are targeting, let’s say, the financial sector then contact the person who helped with your mortgage. Ask him/her to introduce you to his/her connections. “Facebook” your marketing approach towards potential clients.
4. KEEP THE PRESSURE ON
Once you identified your niche and thus your potential clients, research novel ways to create the buzz and display your potential. Take advantage of the social media and be active on all fronts. Send emails that have meaning and can benefit your clients. You don’t have to overwhelm them but make a gem of knowledge from every one of your messages. Store them on your website/blog for future reference. Just be consistent and adjust the “marketing” fire according to conditions of the market and especially to the mood of the targeted clients.
In conclusion – business is very fluid and it’s up to you to keep up, adapt, adjust and change course at a drop of a hat. Those who don’t will not win. In the words of a genius:
Insanity: doing the same thing over and over again and expecting different results.
Albert Einstein
And one more: Information is not knowledge. The only source of knowledge is experience.
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- Niche Markets Are Very Popular With Todays Consumers (marketersdaily.com)
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Claudiu Geanta is a successful online business owner and founder of Design by Satori Inc. & ProIncome Marketing, LLC. He teaches businesses how to build an optimum online presence. He is also and accomplished web designer and photographer. You can follow him on twitter.
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#1 by wykydtron on March 10, 2010 - 6:57 pm
Do you have copy writer for so good articles? If so please give me contacts, because this really rocks!
#2 by Toofan on March 13, 2010 - 12:00 pm
I didn’t understand the concluding part of your article, could you please explain it more?
#3 by Claudiu Geanta on March 16, 2010 - 9:25 am
The conclusion is this: very often business keep on doing the same thing over and over again hoping for a different result. IN this economy the name of the game is flexibility, picking your custmers and delivering custom tailored marketing initiatives, instead of blasting everyone with the same message. Hopefully this is clear enough. Thanks for the comments!
#4 by TGMcCoy on April 8, 2010 - 5:03 am
It is useful to try everything in practice anyway and I like that here it’s always possible to find something new.