12/04/2015
How to Dominate Your Niche?
Today’s world has become overcommunicated, overadvertised, and hypercompetitive, it all appears as just one huge blur of sameness. If you attempt to be too general or too wide in your marketing approach, you will only dissipate among the blur.
People won’t see any greater value in buying from you than in buying from others.
One of the greatest errors committed by most new businesses is that they fall into a trap: they try to be “all things to all people.” And they do so because they are mislead by the notion that, by offering more (or by serving more people), they will generate more sales.
That’s understandable for the survival of any new business depends on the number of sales it makes. However, the more general you are or appear to be, the more indifferent you will appear to your audience. Indifferent to their specific needs, goals, and problems.
Based on the law of averages, you will have to advertise and market yourself quite heavily to be in front of as many eyeballs as possible, with the hope of attracting an adequate amount of prospects that will in turn translate into a certain number of sales.
Undeniably, this requires a gigantic advertising budget. Or a heck of a lot of time. For most new and especially smaller businesses, this is obviously quite a challenge.