How
to Carve Your Niche in the Marketplace
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by Michel Fortin
In today's hypercompetitive marketplace, an important area
in which top-of-mind awareness (positioning) must be applied is
in offline traffic generation. Long gone are the days of mere search
engine submissions and crafty (and often misleading) "webmastery"
using 1,001 prospecting tactics. Today, due to the information revolution,
prospects are more informed, more educated, and more sophisticated
than ever before. Using a plethora of marketing techniques like
these are no longer effective -- or, in the very least, not as effective
as they used to be.
People can no longer be "sold" let alone tricked. However
and unfortunately, there are many companies still running Web sites
that use these outdated approaches. Today, prospects not only see
them coming but they also consider such techniques to be insulting.
I do say "outdated" because, in cyberspace, more and more
tactics are being frowned upon with each passing day. In addition
to spamming, other methods such as spawning, click-throughs, pop
ups, offline telemarketing, direct-mail marketing, etc. are also
being added to the list of cybertaboos. Understandably, they exist
because the lack of human interaction on the Internet takes away
the emotional element from one's traditional marketing and selling
efforts. While attempting to increase one's visibility is their
purpose, online marketing strategies are sadly becoming part of
an increasingly difficult endeavor.
Therefore, what is a better, more effective, and certainly more
"politically correct" approach to generate traffic? In
essence, a solution to this dilemma is to generate traffic offline
that is already pre-qualified and pre-sold, even before prospects
visit a particular site.
FIND MORE WITH LESS
The first rule in qualifying prospects through offline traffic
generation is to specialize. The most common mistake newcomers to
any field of business make is to think that by expanding their portfolio
they will "secure" more business, and nothing can be further
from the truth. Specializing and narrowing one's focus as much
as possible will paradoxically increase the likelihood of getting
more hits, let alone business.
Specialization is in itself a fundamental marketing process. It's
amazingly effective in creating "top-of-mind" awareness
among a target market; a process that I have discussed in previous
articles. For instance, an accountant specializing in car dealerships
will get more business than a general accountant will. An advertising
consultant specializing in print media for home furnishing stores
will get more business than a typical advertising agent will. A
photographer specializing in weddings will get more business than
a regular photographer will. And the list goes on and on. This applies
to the Internet just as well.
Over the years, specialization has been referred to as "niche"
marketing. As more and more businesses get started (as well as more
and more Web sites populate cyberspace), the less time, energy,
and money people will have to spend in making choices for who they
will choose to do business with. This is not only related to new
and repeat business but also to referral business.
For instance, let's say you have two friends who own Web sites
on which they sell cars. You're thinking of referring clients
to one of them. One of your fiends has a typical site while the
other, however, has a site that specializes in first time car buyers.
It offers special creative financing methods for those new to credit,
additional car-specific driver training courses for new drivers,
and rate comparison charts that suggest insurance companies with
the lowest rates for newly licensed drivers (e.g., students, young
drivers, newlyweds, late bloomers, etc.). Now, to whom do you think
you will refer more people? This is the awesome power of narrowing
your focus.
BE AN EXPERT
Think of a laser, which is basically a beam of highly concentrated
light. You want to focus like a laser on your niche and, when you
do, you will as a result burn yourself into your prospects'
minds. When you get down to it, as a consumer you will choose, when
you have a choice presented to you, to go to a business that specializes
in a unique area in which you have a need. Specialization casts
an aura of superiority and exclusivity. When you deal with a specialist,
you will automatically assume that that person has greater expertise,
has greater knowledge about the field, and offers greater service
since, by catering to a unique market, it implies that he or she
will have a better understanding of your situation, needs, and concerns.
Remember that perceived truth is more powerful than truth itself.
Additionally, specialized Web sites generate far more "opt-in"
e-mail subscribers than general ones. Specialization is the wave
of the future, and the greater the competition will become, the
greater the need for more specialists. For example, why do you think
there is a trend in specialty stores these days? They are popping
up everywhere! Today, there are stores selling only dry foods in
bulk. There are vitamin and food supplement stores. There are electronics
stores. There are toy stores. There are even mothers-to-be and baby
clothing stores!
The need to specialize is obvious. With companies, Web sites, e-mail,
and the media storming you with information, and with your very
limited time to be able to shop around for the best product from
the best company at the best price, you will more than likely go
the store that pops into your mind and do so only when the need
presents itself. For instance, you can buy a toaster from a department
store, a home furnishings store, an appliance store, a grocery store,
a drugstore, and even a bank! Heck, if there were a store selling
only toasters, you'd probably go there first. So ideally, your
job is to find your niche and to narrow it down as much as possible.
BECOME A CELEBRITY
You want to be the leader in your category or in your unique
area of expertise. By doing so, free publicity will, as a result,
flow to you quite easily. Non-traditional mediums will seek you
out. Specialized publications, strategic alliances, and cable as
well as community television stations are wonderful mediums to get
the word out effectively. This is an area in which you can get a
lot of publicity at little or no cost.
For instance, I once met a computer consultant who ran his own show
for free on cable television -- yes, free! As a programmer specializing
in financial institutions, he hosted a show called "Solution
Sentral" on which he is either being interviewed or playing
the role of the interviewer, with guests ranging from bankers and
corporate executives looking to hire computer consultants, to other
consultants in areas similar to his own. He also took calls on the
show, had his URL displayed at the bottom of the screen at all times,
and had an online question-and-answer format where people, through
a chat program, asked questions to which he answered directly on
the air. The show was not meant to advertise him directly -- if
so, the station would charge him for it -- but as a "public
service" or public information gesture.
Publicity is remarkably different than advertising. There are many
different ways to get publicity out there, let alone free publicity.
In a hypercompetitive marketplace, specializing causes people, other
mediums, as well as other companies (looking to refer clients or
form strategic alliances) to seek you out. Your goal is to get yourself
known as an expert in your field. If you have narrowed your focus
to a very specific, highly specialized field, publicity will come
easy to you. The media loves to hear from people who are uniquely
qualified.
GET OUT AND ABOUT
Do you write articles for your local newspaper or in the very
least in the op-ed section? Do you send out press or news releases
to all the TV, newspaper, and radio stations in, at least, your
area? Do you offer free seminars in conjunction with nonprofit or
not-for-profit organizations during, for instance, fund raisers?
Do you offer yourself to speak at luncheons, clubs, and organizations
such as the Rotary? Do you offer free services to charities or sponsor
community projects? As you can see, the list goes on. There exists
a multitude of publicity opportunities out there and I encourage
you to vigorously seek them out.
A hair transplant doctor I know sent out press releases to all the
TV stations and offered to perform a hair transplant live on the
air as part of a suggested medical documentary. During a regular
newscast and with the consent of the patient, cameramen taped a
live procedure where the doctor continually answered questions asked
by the reporter. The phone number and URL were frequently mentioned.
Not only did it cause his practice to get flooded with calls (and
his site with hits), but the doctor also had a bright idea: He obtained
the permission to mass-copy the televised report on videotapes,
mailed them as part of his information package to potential patients
and referral-sources, and digitized them so that people may view
the procedure online while visiting his site.
I know of an insurance agent who decided to specialize in life insurance
for newlyweds and newly established families. His company didn't
require it but he decided on his own to develop an expertise in
this area. You'll often find him at bridal fairs, bridal shows,
home-buyers seminars, home furnishing stores, banks and mortgage-lending
institutions, and so on. Now, for a typical insurance salesperson
to do this kind of stuff may or may not be a waste of time. But
how much more effective will he be if he promotes himself at those
special events or locations as an insurance agent strictly catering
to new couples and new families? Yup. Much more.
THE WRITE WAY
Write articles about your unique expertise. Send a query letter
to newspapers or magazines for an article you wish to contribute.
A query letter is one in which you address the editor and propose
a topic for an interesting article you would like to write. Make
sure that the headline of your query grabs their attention and makes
them want to read it. Make your article somehow related to a free
report you have to offer. Give them a brief outline of your article
along with a summary of your free report as a sort of "tickler."
Send the same query letter to as many newspapers as you can, especially
specialized publications read by your target market.
Don't forget newsgroups, newsletters from other companies, e-zines
from other organizations, trade associations, trade publications,
Web sites with online article archives, sites with free offers,
news-oriented sites, and, most important, strategic alliance sites.
Don't forget to include in your query letter that you're
not looking for any compensation (at least, not for now), but ask
if you can add a byline. A byline. is a small bio at the end of
your article stating who the author is and how he or she can be
reached. It's also a good way to generate leads by offering
your free report.
As Jim Rohn once said, "There are some things you don't have
to know how it works. The main thing is that it works. While some
people are studying the roots, others are picking the fruit. It
just depends which end of this you want to get in on."