Niche Marketing Strategy For Inbound Marketing

If your offering is not a mass market appeal, then your niche marketing strategy needs to position your brand for a specific, narrow and identified buyer.  There are brands that appeal to the mass market.  GE light bulbs, Xerox copiers, Dell laptops and the New York Times are focused on the masses.  If brands like these are not your competitors, then you are a niche.  You are part of the long tail.  Your strategy is completely different.  There needs to be a narrower focus to connect with your market.  As an inbound marketing firm, we work heavily with niche marketing strategies.  Our customers have a specific offering for a specific market.  Here are strategies to keep in mind as a niche player to drive revenue with your niche.

Stay Narrow On Your Buyer Profile

“I don’t know the key to success, but the key to failure is trying to please everybody.” – Bill Cosby

Heed Billy Cosby’s words.  A niche, by definition, is exclusivity.  There is a select crowd.  Everyone is not part of it; only a select or self-selected group are part of it.

Trying to please everyone dilutes your brand and muddies your message.  Ensure that your buyer profile is specific and targeted.  Your messaging must be tightly communicated to this specific person.  The narrower your message is, the better your brand will stick.

The temptation is to appeal to everyone.  Stay away from this.  Create new brands.  But don’t try pleasing everyone.  Your marketing strategy needs to focus only on the people that fit your offering in taste, personality and requirements.

One-to-One Marketing

Putting out a broad message only convolutes.  Treat each message as if it were to a specific person, namely the one in your buyer profile.  Create a personal tone.  Use highlights of successful customers.  Help your buyer see themselves in the accounts of your success stories.

One-to-one is the strategy to pursue rather than the one-to-many message.  If you make spicy sausages for Asian food lovers, use language and stories that connect with this specific buyer.  Be personal.  Be sensitive and use the language which connects.  Make it completely relevant to how this buyer thinks and considers based on what you know from your past customers which are similar.

Lead With Your Offering As The Best

Be the best.  If you are not the best for your niche, redefine your niche or enhance your offering.  There is nothing more powerful than being positioned as the leader.  Go to the grocery store and you will see examples.  There are lots of cheeses.  Which is the best?  Best in what category is the better question.  Best cheddar might be different than best aged Swiss.  The brands are likely totally different.  They are both cheese, however, their differentiation in categories causes us to reconsider brands in our decision making.

Define your offering in a way that allows you to lead.  Rally around this and be relentless in your communication to your buyer so that it is without question that you are the leader.

Choice Is Driving Niche Marketing

The internet has opened up the world of choice for all of us.  We can consider more options.  Your position in a niche and the perception you have in the mind of the buyer requires you to be specific in your approach.  Marketing automation which filters your incoming leads into the right conversation are important for presenting the most personal and relevant information.

Using systems which help you qualify your buyer up front are critical in your marketing process.  Success comes from being undisputed as the leader in your category.  Ensure your niche is well-defined and that you connect with the ones that matter.

How can you get narrower to grow your opportunity?

Fake It Till You Make It

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I want to thank Tabitha Woods, a friend who recently gave me a very nice gift, a signed copy of the book, Who’s Got Your Back by Keith Ferrazzi. She knows I love books, and I was very grateful for her generosity and the effort she went through to have it signed and personalized by Keith for me. In his book, Keith takes an entire chapter to devote to the subject of faking it until you make it.

He tells of once hearing a radio interview with Ray Charles who said he didn’t know of a single musician who was any good who didn’t practice every day. Practice is simply a part of a great musician’s life, like breathing.

Have you ever known anyone who was born playing the piano or clarinet? Aren’t the first, second, third, fourth, fifth and many future attempts awkward and terrible? But successful musicians keep at it for YEARS as they get better, and eventually master their instruments. Not avoiding failure or continuing mistakes, they just keep playing.

In my experience in business most people either are lazy, cheap or fear failure and as a result accept mediocrity. They generally are in search of immediate gratification and want results now. We all want results now. The difference is whether we are wishfully thinking or determined to overcome any obstacle that gets in our way and press forward relentlessly.

Faking it until you make it has nothing to do with being a phony. Faking it until you make is as Keith Ferrazzi puts it, “changing your behavior with the support of others even if you aren’t ready to change your beliefs.”

“Fake it till you make it is one version of what is sometimes called self-fulfilling prophecy.” We can create negative or positive self-fulfilling prophecies. A shy person can pretend to be outgoing, experience how that feels, and as a result, over time, become a friendlier, more outgoing person.

You could decide to be the expert in your profession. It’s hard work; just apply 10,000 hours to the subject. It begins by relentlessly reading everything you can get your hands on in relation to your pursuit, studying, practicing, and applying what you have learned you will become the expert. A good book to begin with is Love Is The Killer App which Tim Sanders teaches how to invest those hours that you read. Also check out our own zeroinbox.com and learn how to get your runway clear so that you can begin thinking. Most people are unprepared to think, their business and life is cluttered.

Think about it, how many experts do you know? It is likely you know very few. Most are just going through the motions always intent on someday making it happen. What about you? Are you daily doing what it takes, or are you just pretending and playing the game like most of your peers?

Share below where you are at with your 10,000 hours. If you are just starting, congratulations, let the journey begin, let us know that too.

Guaranteeing Success

guaranteeThe guarantee of success is music to our ears. That is what every customer, company and employee wants. We want security in our jobs. We want to know the products we buy will do as they promise – make us more money, make us more fit, make us more beautiful, etc.

Guarantees meet our need for reducing perceived risk. We have all been burned. We have all experienced unmet expectations. Thus, our guard goes up.

I can remember years ago when my wife and I were seduced into one of those typical honeymoon events – a timeshare presentation. Why not? We were in high spirits, our guard was down and everything was just a good time.

We were definitely entertained. It was salesmanship from the get go. There were multiple hand-offs between the street salesman to the breakfast reception to the keynote speaker. The experience was one giant show. The emotions and pressure were high. Promises were made and we bought. We bought what we thought were years of good times and a return on a small investment. [Read more...]

What aren't you seeing in your business?

We all have blind spots. The blinds spot I am talking about are in the areas of your business that you do not see yourself or your situation realistically. This unawareness often causes damage to you and your business. Some of the results are: [Read more...]