Target Niche Markets To Improve Your Sales Conversion Rate
Target Niche Markets To Improve Your Sales Conversion Rate
But it Worked in the Movies
You’re only kidding yourself if you think you can be all things to all people. That insidious form of self deception falls in the same category as ‘If you build it, they will come’. Woody Allen is quoted as saying that ‘Eighty percent of success is showing up’, but bear in mind that comedy (and sometimes drama) is often based on exaggeration. Showing up -- which can range from creating an Internet presence to attending networking meetings -- is a good start, but it generally won’t get you too far unless you throw in a dash of originality, competitiveness, and a strategic plan of action.
Since people are constantly looking for specialized information, services, and products, a strategy worth pursuing is to devote at least 50% of your marketing efforts to reaching niche markets. Granted, marketing is no more of a ‘one size fits all’ endeavor than anything else, but what isn’t going to change is the fact that people are generally drawn to things that are customized, personalized, or otherwise geared to their personal preferences.
Are You Talking to Me?
Considering that your prospective clients and customers are continually scanning the Internet, the media, and their environment for information that’s relevant to them, why not tip the scales in your favor by tailoring your marketing message directly to the different niche markets you’re trying to reach? Whether it’s senior citizens, new homeowners, parents to be, recent graduates, newlyweds, or frustrated job hunters, capturing people’s attention can sometimes be as simple as recognizing them as individuals or as a member of a specific demographic group.
For example, have you ever inadvertently ignored someone who was saying to you ‘excuse me’ or ‘you dropped something’; but if they called you by your name, you’d immediately snap out of your haze and pay attention. Again, it’s just a matter of breaking through people’s filtering systems and being noticed. That’s often the number one step to effectively marketing your products, your services, or yourself. Actually, I’d break that down into three parts: get noticed, connect with your prospect, and put them in a receptive state of mind. If you convey the impression, right off the bat, that your service or product is tailor made for their needs, wants, or specific situation, then you may have fulfilled all three requirements in one fell swoop.
Once you’ve clearly and compellingly presented your case for making your prospect’s life easier, more secure, healthier, more comfortable, prosperous, convenient, happier, or more problem free, your remaining challenge is to anticipate objections, lower sales resistance, and inject your offer with a subtle, yet perceptible sense of urgency. If you’ve painted a vivid, benefits-filled picture of your service or product, their motivation to experience those advantages will help you convert them from a prospect to a customer.
Target Niche Markets To Improve Your Sales Conversion Rate - To learn more about this author, visit Joel Sussman's Website.
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The key to attracting new customers to your business, whether online or off, lies in understanding a few simple things about how the brain works. Usually at an unconscious level, people are constantly scanning their environment to separate the relevant from the irrelevant, the safe from the potentially hazardous, the desirable from the unappealing. The major challenge for the small business marketer is discover what motivates their target audience, and then to speak as directly as possible to those fears, desires, goals, priorities, and needs.
But it Worked in the Movies
You’re only kidding yourself if you think you can be all things to all people. That insidious form of self deception falls in the same category as ‘If you build it, they will come’. Woody Allen is quoted as saying that ‘Eighty percent of success is showing up’, but bear in mind that comedy (and sometimes drama) is often based on exaggeration. Showing up -- which can range from creating an Internet presence to attending networking meetings -- is a good start, but it generally won’t get you too far unless you throw in a dash of originality, competitiveness, and a strategic plan of action.
Since people are constantly looking for specialized information, services, and products, a strategy worth pursuing is to devote at least 50% of your marketing efforts to reaching niche markets. Granted, marketing is no more of a ‘one size fits all’ endeavor than anything else, but what isn’t going to change is the fact that people are generally drawn to things that are customized, personalized, or otherwise geared to their personal preferences.
Are You Talking to Me?
Considering that your prospective clients and customers are continually scanning the Internet, the media, and their environment for information that’s relevant to them, why not tip the scales in your favor by tailoring your marketing message directly to the different niche markets you’re trying to reach? Whether it’s senior citizens, new homeowners, parents to be, recent graduates, newlyweds, or frustrated job hunters, capturing people’s attention can sometimes be as simple as recognizing them as individuals or as a member of a specific demographic group.
For example, have you ever inadvertently ignored someone who was saying to you ‘excuse me’ or ‘you dropped something’; but if they called you by your name, you’d immediately snap out of your haze and pay attention. Again, it’s just a matter of breaking through people’s filtering systems and being noticed. That’s often the number one step to effectively marketing your products, your services, or yourself. Actually, I’d break that down into three parts: get noticed, connect with your prospect, and put them in a receptive state of mind. If you convey the impression, right off the bat, that your service or product is tailor made for their needs, wants, or specific situation, then you may have fulfilled all three requirements in one fell swoop.
Once you’ve clearly and compellingly presented your case for making your prospect’s life easier, more secure, healthier, more comfortable, prosperous, convenient, happier, or more problem free, your remaining challenge is to anticipate objections, lower sales resistance, and inject your offer with a subtle, yet perceptible sense of urgency. If you’ve painted a vivid, benefits-filled picture of your service or product, their motivation to experience those advantages will help you convert them from a prospect to a customer.
Target Niche Markets To Improve Your Sales Conversion Rate - To learn more about this author, visit Joel Sussman's Website.
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Very refreshing reading.
It's lighting up a lot of light-bulb as the content sinking in.
Keep it up and am waiting for a new one
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Stephanie RobeyStephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals. She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences. Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University. Read Steph's Blog Meet Steph and Dave Sign up for our Free 7-Day BootCamp: Self Employed & Rich - Visit Stephanie Robey's Website |
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George LudwigGeorge Ludwig is a recognized authority on sales strategy and peak performance psychology. An international speaker, trainer, and corporate consultant, he helps clients like Johnson & Johnson, Abbott Laboratories, Northwestern Mutual, CIGNA, and numerous others improve sales force effectiveness and performance. Though it's George's strategies and processes that help corporations increase productivity and performance, it's his tremendous energy and dynamism that spark the transformation. Again and again, clients remark on his amazing ability to unleash human capacity and inspire men and women to break out of their comfort zones. The result is a whole new type of salesperson. His customized presentations teach achievers to make stunning advances in their lives. From helping salespeople realize cherished dreams to helping corporations exponentially accelerate revenue streams, George Ludwig leaves audiences and individuals empowered, emboldened, and clamoring for more. George is the best-selling author of Power Selling: Seven Strategies for Cracking the Sales Code and Wise Moves: 60 Quick Tips to Improve Your Position in Life & Business. - Visit George Ludwig's Website |
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Dave KurlanDave Kurlan is the founder and CEO of Objective Management Group, Inc., the industry leader in sales assessments and sales force evaluations, and the CEO of David Kurlan & Associates, Inc., a consulting firm specializing in sales force development. Dave has been a top rated speaker at Inc. Magazine's Conference on Growing the Company, the Sales & Marketing Management Conference and the Gazelles Sales & Marketing Summit. He has been featured on radio and TV, including World Business Review with General Norman Schwarzkopf, in Inc. Magazine, Selling Power Magazine, Sales & Marketing Management Magazine and Incentive Magazine. He is the author of Mindless Selling and Baseline Selling – How to Become a Sales Superstar by Using What You Already Know about the Game of Baseball. He created and wrote STAR, a proprietary recruiting process for hiring great salespeople, and he writes Understanding the Sales Force, a popular business Blog and is a contributing author to The Death of 20th Century Selling and 101 Great Ways to Improve Your Life, Volume 2. - Visit Dave Kurlan's Website |
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John BrennanJohn Brennan Ed.D. Dr. Brennan is President of Interpersonal Development, LLC, a training and development firm. Interpersonal Development has provided sales training and coaching to more than 3,000 sales reps from over 100 companies. A native of Australia, Dr. Brennan received his doctorate from the University of Rochester. His dissertation researched the effectiveness of Behavioral Modeling Technology in training people in interpersonal skills. While he has spent most of his career designing or delivering training, he was also a Vice-President of Sales of a training and development franchise with operations in 25 markets. Dr. Brennan has designed and delivered sales training in North America, Asia, Europe, Australia and the Middle East. He has been a guest speaker at numerous national and regional professional conferences. When Microsoft wanted Best Practices articles on sales for their web site, they called Dr. Brennan. The results are at http://office.microsoft.com/en-us/FX011387391033.aspx His firm’s clients have included Volvo, The Prudential, Merrill Lynch, Eastman Kodak, Gannett, Equifax Europe, the Economist Group and countless small businesses. - Visit John Brennan's Website |
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Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster's Website |
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David AchesonDavid Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns. David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson's Website |
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Leanne Hoagland-SmithAre your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else? Then you may find my first book on sales of interest. Be the Red Jacket in the Sea of Gray Suits, The Keys to Unlocking Sales available at Amazon or at http://www.processspecialist.com/red-jacket.htm. This book is a reflection of my no-nonsense approach to improving sales to overall business results. If you are truly committed to making sustainable changes, then I can help you secure a positive return on your investment because I focus on executable solutions not telling you the problems you already know you have. From training to corporate (group) coaching to executive one on one coaching, my approach is to assess, create awareness, build a goal driven action plan and then execute. The bottom line question is "Not do you or your employees know it, but do you or they want to do it?" Please call for a free strategy session at 219.759.5601. - Visit Leanne Hoagland-Smith's Website |
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John AlexanderJohn has taught keyword research and SEO skills to small groups of business owners and Webmasters from over 80 different countries world wide since 2002. John is also the Director of Search Engine Academy ; Co-director of Training at Search Engine Workshops offering live, SEO Workshops with his partner SEO educator Robin Nobles, author of the very first comprehensive online search engine marketing courses at SEO Training Online and the SEO Workshop Resource Center. I look forward to hearing from you! - Visit John Alexander's Website |
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