Do you know why people buy? Well not just other people but you and me as well.
Apart from the need to solve a problem, people purchase products or services for two more basic reasons.
- To satisfy a basic need
- To make them feel good
So why are people prepared to pay more for some products and not for others?
- We will pay more for specialist advice (just ask your local GP)
- We will pay more if we believe it will solve our specific problem
- We will pay more if we believe it is better quality (even if it isn’t)
“So exactly who are your customers? Who is most likely going to buy your product or service?”
Does the concern of being too pushy stop you from generating leads and closing important sales?
Do you feel nervous when you have to make a phone call or meet a prospective client face-2-face?
Discover the Top 5 Techniques to MAKE MORE SALES Without Selling in less than 3 hours! Learn More >>>>
Assumptions can lead to wrong decisions, wrong pricing, wrong marketing strategy – and ultimately, business failure.
The most successful small businesses understand that only a limited number of people will buy their product or service. The task then becomes determining, as closely as possible, exactly who those people are, and ‘targeting’ the business’s marketing efforts and dollars toward them.
I know when I market my coaching in a general format I don’t have anywhere near the response when I target my niche market and be seen as a specialist who can solve their specific problems. Read More in my Book “Good Girls Do Sell“
Don’t try to be all things to all people. Become a specialist!
You will need to determine which category your product or service is a solution to and market it accordingly. Be award though that your product or service might fit more than one category.
Do you solve a problem? Satisfy a basic need? Or make people feel good?
Resist the temptation to be too general in the hopes of getting a larger slice of the market. Not defining your target market can be expensive and a waste valuable time and money.
- Listen to your clients when they are talking about their problems
- Survey your marked
- Try different forms of marketing and test the results
“I still work hard to know my business. I’m continuously looking
for ways to improve all my companies, and I’m
always selling. Always!” … Mark Cuban
Best wishes till next time.
P.S. To learn more about how to determine your
niche market check out the $57 ‘Not So Saley’ seminar.