Why You Should Target a Niche
Dear Readers,
I’ve been writing about Niche Marketing recently and why it pays to target a niche with your business opportunity.
Some of the reasons are:
- You learn the language
- You build testimonials
- You build marketing materials
- You build momentum
- You are competing against fewer people
- People love an expert
When you’re not using a niche you’re sort of using a scatter gun approach. You aren’t targeting anything. You’re really just hoping to throw a bunch of stuff against the wall and see what sticks. However your prospects can see right through that.
When you target a niche you’re building experience within a specialty. You are learning things that are going to help you. Learning the language is one of these things. Let’s say for example that you are targeting realtors. You can learn the language they use. You learn how realtor offices work. Usually there is a broker who owns the business. An office manager runs the staff and controls who works on the phones and get’s walk in customers. The manager also controls the sales meetings which usually happen on Tuesdays. This person can potentially get you into the office to do a sales training. You learn that “Top Producer” is a software program a lot of realtors use to track their contacts and prospects. You are better able to speak to other realtors because you know the language! They’re attracted to you because you speak the same lingo.
You also build testimonials when you have a niche. Imagine for a second that you have 3 or 4 agents within an office using your product or working with you in your opportunity. Imagine how much easier it will be to talk to the other agents in the office because you have all this credibility from your referrals. Imagine a realtor talking about how great your product is with his peers and how great those referrals will be for you. On the other hand imagine that instead of 3 or 4 realtors in one office you have 1 realtor, 1 teacher, 1 fire fighter, and 1 massage therapist. They’re in different businesses and although it gets you more exposure you have less credibility with the people you are exposed too.
Another think about building your niche marketing is that you begin to develop specialized marketing materials. You know the events and tradeshows the realtors will be at. You develop brochures that talk about how realtors have been successful in your business. You develop written testimonials you can use to provide credibility for your marketing.
All of these niche marketing strategies begin to build momentum. You now have 3 or 4 agents in an office working with you. They bring their friends to your next business presentation. Now you’ve got 3 or 4 agents in several offices working with you. All the real estate agents are beginning to work with you. Word is getting out in your town and word starts to spread to another town. Imagine how much longer it would take to build this momentum if instead of focusing on one niche you were using a shot gun approach.
What also makes niche marketing great is you aren’t competing against everyone else. The other distributors from your area are probably using shotgun approaches. Those that are focusing on a niche probably aren’t targeting your niche so you have a captive market. Not to mention the momentum you’re building and the fact that now you have dozens of realtors in your area all working with you to blanket that market. THEN you can begin to branch out and your business will begin to naturally branch out as your network grows.
And finally and perhaps most importantly… People love an expert. Think about going to a doctor. If you have cancer you don’t go to your general practitioner. If you have cancer you don’t go to your foot doctor. You want to go to see a cancer specialist. People feel the same way. If you’re a specialist in a niche you’re going to attract people to you. They’re going to see you as a specialist and they’re going to feel like you can help them reach their goals and dreams better than someone who is using a shot gun approach and has no real stategy whatsoever.
And I haven’t even talked about Google!
For more about niche marketing and Google stay tuned next week
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