If you’re going to make a success of marketing your business, you need to hone in on what is the best niche for you to be in. What will sell well? What will make you the most money?
What is a niche market?
A business niche is a focused area of a broader market that your business specifically deals with. It doesn’t matter whether your business is in a unique industry or a saturated market, it’s really important to differentiate yourself from your competition, as this is what helps you to win your audience.
You might like everything you do, but in order to be a successful business, you need to be able to distinguish your brand from your competitors, find what you are really good at and establish yourself as a dominant leader in that area. Even the biggest names can’t be everything to everyone; there are always going to be those small groups of people who need a particular product or service not met by the bigger companies…which is where the small business can step in.
What are you good at?
This first question is probably the most important. It’s not ‘what would you like to be good at?’ You need to be really honest with yourself – where do your talents really lie? What skills do you have? What do you enjoy doing? Once you have decided what you are good at, make a list of your skills and talent in that area. For example, if you love knitting, crocheting and sewing, which one do you excel in?
Once you know which you are best at…let’s say knitting for example, then you need to look at what skills and talent you have. So, it might be knitting baby clothes, knitting adult clothes, knitting toys – put the things you enjoy making most at the top of the list and so on, down to the ones you least enjoy.
What do potential customers need from your list?
This is where you need to do some research. Of the things you are best at making, what is popular? You can look on Etsy, eBay, Shopify and Amazon – are the products you are good at making doing well? Make a list of the things people need from your list of what you do well…then look at these questions and do some research.
- Do you solve a particular problem for customers?
- Is your product(s) something that people will come back for time and time again? This is important for repeat business.
- If there are other people selling the same as you, can you offer something unique that they don’t?
- Who does your product appeal to? Can you expand that to include other groups? For example, if your product appeals to an older age group, can you make it more appealing to a younger audience. The bigger your product appeal, the more you will sell.
What will people pay for?
Now you know what is marketable, which do you think people will pay the most money for…put your products in order of price…from high to low. You now have your niche – your list of the products you like to make, that you’re good at making, that have a potential audience and that are sellable.
Market, market, market
Now you have your niche and know what is marketable, it’s time to actually market it. If you are a small business, marketing is all the more important as you won’t necessarily have a huge brand following, nor the money to spend on expensive and extensive advertising. So, part of your marketing strategy will be to stand out in the crowd. I wrote this article a while ago, but it is still relevant and will give you some tips on standing out in the crowd.
How to make your small business stand out in the crowd
Hopefully you will pick up some great tips!
You should try to spend at least an hour a day promoting your business…and some things are much easier than others – here are some quick-win tips to help you promote your business that don’t cost the earth.
- Always remember that YOU are your business. No matter what you do or where you are, everywhere is a business promotion opportunity. Your image largely reflects on your business. Although we all try not to, most of us do judge people on our first impression of them…so make sure that you always give a great first impression.
- Your social media pages are the obvious choice for this list – they don’t cost anything and you can reach your target audience by publishing the right kind of content that will appeal to them.
- Always carry business cards as you never know who you might meet and if you don’t carry them, you could be missing an opportunity to get someone to contact you.
- Can you leave flyers or business cards at places where your potential customers are likely to be…at the gym, hairdressers, beauty salon – places you know that your target market hangs out!
- Talk to people wherever you go – if you’re in the Doctor’s surgery waiting room, strike up a conversation with someone…too many of us sit in silence in these places…do you take your children to sport events? If you do, you’re likely to be hanging around with other parents…talk to them. There are always opportunities to strike up conversations and promote your business.
- Attend networking events…again, this puts you in front of potential customers face to face…sell yourself and your business.
- Sponsor a local event or charity – or run a small event for charity in your own home or garden.
- Host a seminar or training event and share your skills – a great way to get your business name out there.
- Collaborate with another business which complements yours and vice versa. For example, if you do hair for weddings, you could collaborate with someone who does make up or flowers. Promote each other’s business on social media and on your websites.
- Give your website/social media pages a facelift to keep it fresh and don’t forget to regularly change your cover photo and profile pics so they are up to date.
There are many other small ways you can promote your business and, as I said earlier, it doesn’t have to cost the earth – the most valuable thing you can invest in your business is your time.
If you have any questions, or would like to have a chat about your niche and target audience, contact me or message me on social media. Alternatively you can email me – cindymobey@outlook.com
everything feels fresh and new. The only downside is that the grass grows at a phenomenal rate, so I’m out on the sit-on lawnmower a lot! But even that gives me a weird sense of pleasure…my thinking time!
I’ve always thought that my piles of stuff were a kind of organisation – I know where everything is; it’s my system and it works for me. In reality, it doesn’t, there have been several times recently where I couldn’t find something important…because I’d put it ‘somewhere safe’ in a pile of other paper. I’ve always found what I’m looking for in the end, but this has taken up precious time and effort…if I’d had a designated space for my piles of stuff, I’d know for sure where everything is.
Go paperless – in our world of recycling and conserving the environment, it amazes me how many people don’t do online banking, for example. It’s so much easier that sifting through page after page of bank statements, when you can do it at a click of the mouse. I do appreciate that not everyone is computer savvy, but as much as possible, get rid of everything ‘paper’ that you can.
Finally, I just LOVE stationery! I have an abundance of pens, pads, staplers and little gadgets, but do I really need them all? I like to have them, but I don’t necessarily need them all on show on my desk, so if you’re the same, it’s time to find a place to put them…in a drawer, or in a box within a drawer, so you know where they are. Actually, having all my bits and bobs in a box within a drawer means I can buy some more stationery (!)…the little boxes to put everything in! Probably not a good idea, but works for me!
A clean and clear office space will help you feel more organised and motivated, whereas a messy space makes for muddled thoughts and needless stress.
Stress plays a bit part in most of our lives, and a huge pile of paper can make you feel that the hill is too big to climb; it’s overwhelming.
adding this to your resolution list.
Our customers are the lifeblood of our businesses, so it’s crucial to gain new customers and to retain the existing ones. At this time of year, I’m always thinking of ways that I can grow my customer base, so after a brainstorming session, here are some of the ideas I’ve come up with…
Develop a calendar for your newsletter, planning specific activities that run throughout the year, for example, something around special times of the year; Valentine’s day, Easter, Christmas, Halloween etc. It’s also important to promote your newsletter everywhere; on your website (via an opt-in link or ‘sign up to our newsletter’ page; put it on the bottom of your email signature or on invoices and receipts; include details in any order you send to customers and if you speak to a customer on the phone, ask if they’d like to receive regular updates from you about your products.
Ask for your customers’ opinions on your products or services. Is there something you could be doing better? Customers like to feel valued and it is good customer service practice to ask a customer what they think, listen to their answer and act upon it. It shows you listen. You could run a short survey and ask opinions – again, give an incentive to reply. You could put something like this at the beginning of the survey in the introduction… “We place a high value on our customers, so we would like to ask you to take five minutes of your time to answer a few questions about the products and services you receive from us. If you complete this survey, you will receive 10% off your next order as a thank you for giving us your opinion.” People like to be asked to help, like to give their opinion and most of all, like to get something in return so they feel that their opinion matters to you.
How do you ensure you provide good customer service? Well, firstly make sure that there is a clear and easy way for customers to communicate with you – in person, by phone or email and that when they do contact you, you reply in a timely fashion. Always have a positive and friendly outlook and attitude to your customers. Pay particular attention to any customer concerns or complaints. If a customer complaints, they are giving you the opportunity to resolve a problem – if you do this in a fast, effective and friendly manner, they will remember that and refer you to their friends and family. Always remember that the reputation of your business relies heavily on providing excellent customer service.
Make yourself or your business the answer to a problem. Is there a problem out there that you can solve with your products or services? Do some research online and find out…then market yourself/your business, letting people know that you have the solution to their problem.
Network with others. Find local groups or networking events, where you can meet like-minded people and exchange business cards and details. If you have a product and there’s a local trade fayre, go along and give out flyers and talk to as many people as you can. Don’t forget to also network online too – places like Google + and Facebook groups are great for this.
Think about setting up a workshop. Although not exactly a quick win, is there somewhere local where you can share your knowledge through a workshop? People still enjoy learning face to face and this can bring you great new contacts. If you prefer to teach online, you could set up a webinar.
Who are they? You may want to attract new customers to build your customer base. In order to find those elusive ‘first time buyers’, you need to think about who you are trying to attract. What kind of customer does your business appeal to? Is it men, women, families, people who like sport? Think about who you need to target.
You need to be seen as an expert in your field, so try and solve a problem for potential customers. Think of something that your products can do for them – this gives them a reason to try your products. It might be that you sell beauty products and you have the latest ‘big thing’ that makes wrinkles disappear! Sell your product as a solution to a problem and people will want to try it. This could be done face to face, or you could write a specific blog on a particular product or service you offer.
example, if you sell beauty products and you know a hairdresser, you could team up as a full beauty package. Link to each other on your websites and mention each other in your blogs.
builder to lay a patio…whilst laying the patio, he mentioned that he was Corgi registered, so I promptly booked him to service my gas boiler. He always arrived on time, cleared up after himself and was chatty and friendly and made me feel that my custom really mattered to him. So, when the massive wall that surrounded my property partially came down in very high winds, he was the first person I called. My point is that from doing a small job, he ensured I knew what else he could do, left a card, and was so friendly, I remembered him. I knew he could solve the problem I had and trusted him to do the work well.
endeavour to overcome any problems, and show them that you still value their business. Sometimes, all it takes is to reintroduce yourself – a customer may just have forgotten that they had bought from you in the first place and immediately be interested in other or new products you have to offer. If you sell gift items, contact them in plenty of time to buy gifts for Christmas…and of course, that can be your opening gambit!
I know that I bang on about customer service in most of my blogs, but it is so important to every aspect of your business. If your customers have an exceptional experience, they will come back for more. Helpful, friendly, go the extra mile – all these things, along with an excellent product that solves their problems, will keep your customers happy…. and happy customers are loyal customers.
As the title suggests, having an online presence means that your business is ‘open’ 24 hours a day, 7 days a week….even when you are asleep. Information about your business, your services, what you sell, are there at your customers’ and potential customers’ fingertips. People are always looking online – they research products before they buy and if you have an online presence, and you happen to sell what they want, you could make a sale. If you don’t have a website, you are invisible….and in this day and age, you can’t afford to be.
Through your website, you can be seen as an expert in your field, and through the recommendations and comments from satisfied customers, you can be seen to be reliable, trustworthy and that your products are top notch.
Not only does having a website make you more credible, it also shows that your business is established and that you are experienced at what you do. Even if your competitors are stronger than you, a well-built, mobile friendly website can entice customers to choose you instead. You might operate your business from the tiniest desk space in the corner of your dining room, or make your products in your tiny spare bedroom, but when you have a website, your customers don’t see this. All they see is the power of your brand – size doesn’t matter!
products – you just add them online at the click of a button. You can include tons more information and images than you could afford to put into a brochure.
website, you may spend endless wasted time on the telephone or email giving people directions to where you are, giving details of the products you sell or the services you offer. Your website gives all these details in one, easy to access space, available 24/7. Not only does it give these basic details, it also gives more detailed information about your products. Then, when people do contact you, it’s generally about something more specific or to actually buy from you or use your services.
Advertising in your local paper, putting out your business cards and attending markets, conventions and networking events, are all brilliant ways of getting your products and brand out to a wider audience. However, with a website you literally have a worldwide audience. Business often comes from word of mouth and this is a great way to get local business, but in order to expand and reach customers that don’t know you, the internet is the way forward.
website, then why shouldn’t you have one? The joy of having a website is that it doesn’t matter how big or how small your business is, it will help you reach more people and increase your sales. Through your website, you can gather information about your customers. You can use your website to host an online survey to find out what your customers want and online forms can be used to easily contact you to request a quote or ask for further information. When you know what your customers want, you can develop products or services to solve their problems or meet their needs.
customers email addresses, and with their permission, can send them regular updates about new products. This makes them feel valued and valued customers will come back to you time after time.
achieve them. Having a 
What do you your customers like about your products? What do they currently buy from you, why do they buy from you and do they give you repeat business? If you’re not sure of the answers to these questions, it might be worth conducting a short survey to your customers and asking them. Give an incentive to reply, such as 10% off their first order of 2016. And a further 10% off if they recommend a new customer who buys from you. The more you know about your customers, your competitors and the business you’re in, the more likely you are to be successful
measure whether that particular goal and actions have been successful. By measuring as you go along, if you find something that is not quite working, you can tweak it so it works well. List what needs to be measured, for example, how many people read your Facebook posts or how many comment on a post. Then look at ways to improve this – it might be you monitor your posts and see what kind of post is the most successful and then figure out why. If you have success, shout about it! Your customers will feel reassured they are dealing with the right person
what you can and can’t afford to do and plan accordingly. At the very least, it’s a good idea to have business cards – maybe flyers and definitely think about Social Media and your online presence, such as a website.
experience for your customers; know what your customers want and give it to them; find solutions to your customers’ problems; position yourself as an expert; be different from your competitors and shout about how you are different; shout about your success; give excellent customer service; give special offers to customers who recommend someone new who buys something or uses your service….and above all, be yourself, smile and enjoy running your business – it will show!
The Write Way 