Finding Your Niche to Profits
In the last issue we talked about how we need to overcome our fear of change to breakthrough to a new level of success in our business.
This same fear crops up again when we consider focusing on a niche. Many new soloists are afraid to cut off some of the potential market. But if you look at Australia’s fastest success stories, it seems that marketing to one distinct group can work.
Ben Hennock, who started his business at 21, specialised in washing big rigs and didn’t concern himself with other vehicles. He got to know the needs of the time-poor trucking companies, and now his business is the 70th fastest growing in the country (in BRW’s Fast 100).
On the other end of the scale, I often meet someone who’s trying to run three different businesses, with little success in any. This obviously comes from a fear that one might not work, so backups are created.
In Napolean Hill’s book “Think and Grow Rich”, Edwin C Barnes demonstrated single-minded purpose in pursuit of his goals. He said, “I will burn all bridges behind me, and stake my ENTIRE FUTURE on my ability to get what I want”. Of course, he got just what he set out for.
Get ready to burn bridges – decide which market you want to focus on and which area you want to be the expert in.
Standing Out from The Sheep
It’s human nature to copy the success of others; new entrepreneurs often copy large companies in their marketing style. Big mistake. First of all, you have a huge advantage by being authentic and personally available.








