GS Articles Motivation and Success Niche Domination... Specialization is King

Niche Domination... Specialization is King

It's always refreshing to read someone that has a lot of experience and influence talk about the things that I focus on and have been telling others for years. :)  ....not trying to pat myself on the back here Wink but truly, it's proof that I'm not alone in believing this is one of the best approaches to dominate any niche.

Michel Fortin (A direct response copy­writer and mar­ket­ing con­sul­tant for close to 20 years (on the Inter­net since 1992)), you may have heard of him, has a great post related to Niche Marketing that I really had to share with you.  He starts:

Since I hated prospect­ing, I found more effec­tive mar­ket­ing strate­gies that caused high qual­ity prospects to come to me instead of the other way around. I no longer had to prospect. I no longer had to be rejected. I no longer had doors slammed in my face.

In short, I went from prospect­ing to positioning.

In other words, I decided to spe­cial­ize in a spe­cific niche and deal with only a small per­cent­age of the mar­ket — even though my employer did not require it of me. I posi­tioned myself as an expert for a spe­cific tar­get mar­ket within that company’s larger market.

Read the Entire Article:  Carve Your Niche By Dominating One (Good Stuff!)

Boom, Boom, Pow!  Right on, right on..

I can totally relate to this adjustment of approach both online and from my past offline experiences.

Before I became a full-time Internet Marketer back in 2005, I had run a number of different businesses.  In each of them, I carved my niche and specialized in certain things within a much larger market.Niche Marketing: Targeting Your Prospects

Early in my Insurance Career we had an independent agency that literally sold products from 50+ insurance companies.  We pretty much could sell anything for the right price.  We even had "Lloyds of London" and other speciality line companies that would do things the average company wouldn't or couldn't do.

But you know something?  Like Michel we knew we couldn't just market that whole darn thing.  We could sell almost everything under the sun, but we needed to specialize!

Early in my career I specialized in Commercial and Small Business insurance.  That was my niche.. that didn't mean I didn't sell anything else.  In fact, I still handled other business and cross-selled other insurance to my business clients (always tried to get ALL their business).

But I was the 'go to' guy for the business insurance end of things.. or so that's what I strove for.

Later on in my career, after I had left that agency partnership, I changed that and focused on just Life Insurance.  And note!  Not just any life insurance; I had that segmented too.  Again, this type of life insurance was my focus.  It brought in the clients through word of mouth and other efforts and I could still cross-sold them other things (or I referred business I couldn't or didn't want to do to other agencies who in turn referred business back to me...).

Always finding my niche and focusing on a segment of my market.

Same thing after my insurance career for the few years I got into the Construction/Painting industry.  I had to find my 'niche'.  I identified the market I wanted to go after, tuned my services to it... and specialized.  Out of that came other types of larger projects because once I built a relationship I could again -- Cross-Sell other things.

Back to the Online Realm...

For a few years I tried to do too much and teach too much...  a few years back I decided I needed to 'specialize' online too.  So I focused on becoming the "Niche Marketing" guy.  And I focused on my skills and teaching "Search Marketing" primarily.   Those are my primary focuses and it's my continued hope that individuals continue recognize that and continue to recommend my memberships and services because of it.

That doesn't mean I don't teach some other things, but those are what I'm primarily known for and people turn to me for.  And yes, like Michel, they seek me out.

It's the same way in the Non-IM niches I focus on; I carved my niche, positioned myself and do well.

When you become a perceived expert and authority in your niche, it gets easier!  You don't have to work so hard at link building because links become more natural.  People want to link to high quality content from perceived experts and authorities.  Just like what Michel said above, "...caused high qual­ity prospects to come to me instead of the other way around".  So will link love!

Business and sales (affiliate or your own products) become easier when people trust you and perceive you as a specialized authority in a defined segment and niche.

These are the things my product, Niche Authority, revolves around.  Making your business more profitable by specializing and becoming the 'Go to' guy or gal in a particular niche.  Dominating it!

Carve your niches; specialize!  You'll likely see a major, positive, impact on the money that finds your bank account. 

-Matt Levenhagen



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Hendra  - Nice! |125.167.144.xxx |Y-m-d H:i:s
Nice Post Matt!

I totally agree. In business especially offline, you have to focus. Focus and find your core business and expand from there.

While I realize that online and offline biz should be treat in the same perspective....
I found it's still bit hard for me to focus on only one niche or business method only in online business, there's so much opportunities with small investment needed :)

Btw, how did you decide that you're going for Commercial and Small Business insurance? Did you research, or just decide that you have just to focus on a one of the insurance niche?

Hendra
Matt Levenhagen  -  Grip Success Owner and Author |72.128.106.xxx |Y-m-d H:i:s
Hi Hendra!

Business insurance interested me the most because A) It was more challenging and interesting and B ) Huge potential Premiums.. and commissions.

It would take a lot longer to put a larger account together.. you had to get a lot more involved inspecting the property/liabilities and running between the underwriter and everything else.. working out every detail, but..

..the commissions! :woohoo:

..I do tend to gravitate to the money if I enjoy doing what I'm do'n.

-Matt Levenhagen
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