What Niche Market Should You Target?

I recently posted a question on Facebook… It went like this: “It’s a lot easier to turn a ship that’s moving in the wrong direction than it is to turn a ship that’s not moving at all” What do you think, is that true or false?

Well, just as many commented and agreed with me – in niche market terms, it’s true!

If you’ve been getting “analysis paralysis”, scratching your head and trying to figure out what niche market you should focus on, do some research, select a niche market and start heading toward it. If you’re off course, I promise you, the market will correct you.

Consider this when Selecting your Niche Market

If you’re not heading in the right direction, the market will quickly give you the necessary feedback that will help you adjust your niche. Don’t get overly concerned that what you decide today is a fixed decision. Be prepared to change your niche as the market demands.

Be prepared, you may at first select the wrong area or niche market to focus on. Many successful small business marketing experts have made that same mistake.

It’s very interesting how areas of expertise can change. But you can only change your direction if you have already set out in one to begin with.

Learn from Marketing Experts – Bob Burg, Dan Kennedy

Bob Burg is the author of a book called “Endless Referrals.” He is now positioned as a referral expert and an expert on helping people to generate referrals for business.

When he first started out, his niche market was memory experts. He noticed that people who took his memory courses wanted to improve their memory to remember the names of people they’d met at networking meetings and events. They wanted to improve their memory to achieve better business results.

As he spotted that connection, he started to focus more on being the referral expert. No one accused him of being a fraud because he was now a referral expert instead of a memory expert. The market let him know in which direction to steer his business.

When you set course in your chosen direction, look for niches and markets where it’s going to be easier for you to establish personal relationships and position yourself as an expert.

If the niche market you do choose turns out to be an enormous amount of effort, you have to weigh whether or not it’s worth your while to continue down that road or take a different road to get business.

When Dan Kennedy, the marketing expert, was invited to submit a proposal to give a speech in Switzerland, he opted out. While plenty of other people would jump at the opportunity, and spend a day putting together a proposal to bid, that is not the way he wants to go after business. Perhaps it didn’t seem worthwhile to spend the time writing the proposal. The point is that you have to make the determination of how you want to do business.

Your niche market will evolve with your business. It’s an actual evolution that happens in most any business. In my own business I have seen this happen too. I started out as specializing, by trial and error, as an effective cold calling expert. But I didn’t stop at teaching cold calling techniques. Today, I’m teaching people how to find new business.

One niche market I specialize in is helping small businesses market to big business. I help small business owners land big contracts. When you’re marketing to corporate clients it’s very important to target a specific niche. That way your corporate client will see you as an expert!

My encouragement to you today (especially if your goal is to attract corporate clients) — is to select your niche market. Make a decision now and go for it. If you need to change down the track then let the market guide you.

When you let the market guide you, then you’re guaranteed success.

Tips For the Internet Marketing Newbie to Relieve Confusion

As Hendrix said, “there must be some way out of here.” And not to worry all you Internet Marketing Newbies, there is, I promise. One thing we all have to keep in mind when dealing with newbies to the world of IM is that we were all there at one point and now all we can do is try to help the next generation coming in to be bigger and better than their predecessors. So to all of you newbies out there, take heart, and notes, and make the following your road map to success.

- Study direct mail marketing: I was not really aware of the connection between us and them until I read one of the classic books on direct marketing and copywriting called The Ultimate Sales Letter by Dan Kennedy. Just short of saying that you, as an IM newbie, should read everything by this man, I will say that studying a lot of his texts and others like it, you will realize that our whole industry comes from direct mail marketing. Technology has just adapted it to include the whole Internet instead of the postal mail system.

- Internet Marketing Forums:You should also hang out in and make comments in any IM forums you can find. The two most popular public forums in my opinion are Warrior Forum and Wicked Fire. These are the kinds of places that everyone you should know, study, and work with posts on. IM Forums are the main social networking area for all people in IM so these are the places for you to get known, and more importantly learn IM information from, more than you could possibly use in one lifetime.

- Blog in the IM Niche: This is the other major way Internet marketers stay in touch and learn from one another. There are hundreds and hundreds of such blogs in the IM niche and many many more in the numerous micro niches that exist in IM. So my best advice is just to read and post questions and comments on as many of them as you can find until a few of them start to converse back. You can learn a lot from other’s mistakes and you will know not to make them yourself.

- Always ask Questions: I am going to be cliché here and say that the only stupid question is the one not asked. You should ask any question that comes to mind. It will make everything easier on you when you finally find an answer to the questions that you have pondered the most. A lot of IM concepts and terms are not in any other form of life or communication so you can not be expected to know them off-hand unless taught by someone who has been there and used that. There are so many ways to make money online and so many people that have been at it for ten years or more, that someone will be able to answer your question.

I advise at this point to try incorporating all four of these tips in your IM career in the beginning. You should begin studying direct marketing and read some blogs. You should get on some forums and ask as many questions as you can as well. There is no other way to find out what sort of community you belong to and each forum is like it’s own family with it’s own way of dealing with everything. One will feel better to you than others, so get out there and find where you belong.

Market America – Golden Opportunity, Money Pit, Or Just a Good Place to Shop? Part 2

If you read my first installment you saw that I had jumped head first into the Market America arena because of my belief in some of their products due to the relief I received from a persistent medical condition. Unfortunately my jump in left me unprepared, uninformed and ill-equipped so I have spent the last month figuring out what I was doing, where I was going, and that it was predominately wrong. I will try to outline some of the obstacles that I have encountered, and provide some insight which will hopefully allow anyone in a similar situation avoid the negatives and find the positives.

My Number ONE mistake

When you are going to jump into something like this, try to get your spouse on board BEFORE you do it. My mentioning this should obviate the fact that it is not something that I did. This has led to the battle of the decade between myself and my wife and has made our start with this endeavor less than pleasant, to say the least. What I had jumped into with the absolute belief that I was doing something with unlimited positive potential, turned into a nightmare with me trying to do everything I could to get the process started, and my wife fighting me every step of the way. Although I was anxious and willing to take the steps needed to, what I believe will, change our lives for the better, she believed she was “happy” with the way things were and became belligerent in her objections to every aspect of “our” (I thought) new home based business and anything and everyone associated with it… including the person that “got me into it”. This being my sister, of course, made the situation unbearable. The more I would do to try to get started, the more she would do to sabotage my efforts. Receiving negativity, ridicule and criticism from partially informed and unenlightened acquaintances is one thing, however, living with and coming home to it every day it is quite another. One of the reasons that people get divorced has been demonstrated to me in a very personal manner. Needless to say this has been a major obstacle which has taken a lot of time and effort to get beyond (hopefully), and quite possibly could have been avoided if our individual goals had been addressed prior to my committing to the business.

The sad part is that I did not learn from previous experience as it is not the first time we have gone through this. A previous venture that I entered into put me into a position of wealth and power, but with my wife as my enemy led me to walk away from it to “salvage” my marriage. I have regretted that decision every day since and am determined and confident that WE will succeed together this time.

Additional miscues

Although I have spent endless hours online researching countless opportunities both through my own searches and then offered up in the resulting onslaught of junk mail, upon entering the Market America family I began to institute activities that I believed needed to be done to get started, without reading the “getting started guide”. I read the career manual, attended a number of seminars, and began prospecting for interest in products both in person and online with limited success. I was immersed in my efforts, attempting to do it myself while admittedly overly distracted by the aforementioned situation. I purchased numerous products both to sell myself on, and also try to sell my wife on to “convince” her of the validity of the company, the product lines and thus potential for earnings. For me it reinforced my belief, but as the saying goes, you can’t sell a drowning man a glass of water, even if it’s the best water in the world. This was not the right way to get started.

The company has a 16 year history with a proven track record, and the guide is supposed to be followed in order to emulate the people that are already successful in the company. I didn’t even notice that I had the guide until I was no longer distracted. I should have known there was a simplified set of directions. The career manual, while much thicker and in depth, may be the blueprint for the business, but is not the blueprint for getting started.

Some needles in the haystack

While in my distracted state I spent countless hours trying to find the way to get myself started. In the process I came across a couple of gems which while not directly related to Market America and their plan, are nonetheless worth mentioning as I believe they have contributed to my progress, helped in resolving my number one obstacle, and will ultimately assist in our efforts to build our business to as far as we desire. The first of these is a series of emails I received from Joshua Valentine. I don’t remember how I got onto his list, but the free information he provided in his emails was both informative and enlightening. Although I have not gone on to partner with him in the business the emails were directed at, I sincerely appreciate what he provided and look forward to seeing him at the top. The second of these gems is a free bootcamp that was offered by Mike Dillard at Magnetic Sponsoring. As with Joshua, the information provided in the free bootcamp was very informative, but in this case led me to purchase his product, and also additional products from him including Blackbelt Recruiting and Traffic Formula 2.0 which will without a doubt provide me with an unfair advantage over anyone lacking the knowledge contained in them.

My take on my decision to sign up and what I have learned thus far

Although off to a somewhat rocky start, I am sure that I made the right move. Market America has some good people, and some not so good, some that just want a little extra income, and some that want to go all the way. And some eventually drop out, it’s not for everyone. You get out of it what you are willing to put in just like in any other business.

My exposure to the company thus far however has been overwhelmingly positive, you just have to read the directions and look in the right places to get linked up with the best people that are in line with your goals. JR Ridinger, the founder of Market America, is truly a man that believes in his vision of what the company can provide to anyone willing to follow the plan that has made a great number of properly motivated people wealthy beyond anything they could have attained in a traditional job. We intend to be among them. When have you ever seen a privately owned company volunteer to be audited every year and provide that to anyone that wants to see it? They do it. What company gives the people at the bottom the opportunity to out-earn the people above them if they have that motivation? They do it. What company has multi-millionaire people with guaranteed residual income working directly with teams of new entries? They do it. Invaluable training is available to those willing to “just show up”. One of the themes that they try to drill into you is – You have to decide who you are and what you want, write your goals down. Make your short term goals attainable, and your long term goals will become your reality. And lead you to believe it by showing where they came from, a corrections officer, a body shop worker, a waitress from a restaurant near where I grew up. Real people that are living the dream.

Unfortunately if I sound like a cheerleader for the company now to you it is because the atmosphere that is generated by the people of the company that are already successful because they followed the plan is contagious, and I just went to a seminar with Andy Docos as the featured leader, and he is inspiring! But am I being brainwashed? Will this work to help us attain our goals? I’m certainly not a guru yet but we are making progress…let’s see if it lasts until my next update.