No matter how good you are at what you do, without paying clients, you won't be doing it very long!
Love it or hate it, there comes a time when you have to do sales and marketing, which are two very different subjects.
Let's talk about market research, and how if done correctly, can be the ace up your sleeve.
You can use market research to find out where trends are going, and stay ahead of the game.
For example, perhaps you are personal trainer that wants to work with teens, but you find all your clients are middle aged males. Would you still concentrate your marketing efforts towards teens?
One of the first things to do is a Competitive Analysis of successful businesses in a similar field as your own. If you are currently a one man band, still look at what the big companies are doing.
This will allow you get a good look at what it is they are doing to reach those levels of success. There is much to learn from this process.
Also look on Youtube.com, search for your topic, and sort by most viewed, this will show you what is popular and trending. I'm no fitness coach, but you would have to be living under a rock not to see that 'cross-fit' (whatever that is!) is becoming hugely popular. If you are still trying to promote calisthenics, you might just find yourself losing market share.
What’s working for others that could work for you?
What has not worked in your industry that you can avoid?
Make sure you are not so focused on your business that you forget to come up for air and survey whats going on around them, or even survey your own clients.
Once you have done your research, use the power of visualisation to create your own simulations of how making different decisions will affect your business.
It's not only athletes that use visualisation as part of their training regime, musicians do it to get ready for performances, and you can do it to for your business. Your coach can assist you with this.
The idea is to visualise your outcome and walk through the steps it will take to get to where you want to be.
Visualise your business operating at the levels it needs to be to hit your desired level of success.
What do you need to be doing differently or more proficiently?
Spend some time seeing yourself doing it. Then your body will have an easy task of playing catch up, instead of having to figure everything out on its own.
If you haven't already done so, work out your customer avatar - your ideal average client.
Using the example of the fitness coach above, perhaps his could be male, 35-45yo, married, executive or business owner earning over $80Kpa, keen to live a healthy active lifestyle.
Actions To Take:
- Define your Avatar
- Block off at least an hour a week to do market research
- Do a competitive analysis of success businesses in the same field as your own.
- Analyse the data.
- Wrtie down ideas as they come to you.
- Visualise how you would use those ideas.
- TEST - try a new idea,
- FAIL FASTER - try a new idea every week and notice what works.
Yes, I said fail. Not everything you do will work, but don't keep flogging a dead horse, keep trying new things until you find the ideas that work.
To your success,
Trevor Long