I can be all things– to all customers... can’t I?
Define. Define. Define. Take time and define.
“The riches are in the niches” so said Pat Flynn, the American entrepreneur and author. If you want to know the second part of the quote - read on.
The Real Business Club is just about to start delivering the popular Start your own Business Workshops (https://www.therealbusinessclub.co.uk/SYOB). All kinds of business ideas and entrepreneurs will be coming to the workshops. The topic of the ideal customer/ client is covered within working on the wider topic of marketing.
We have been pleased to work with over 3,500 wonderful people through the years. The workshops helped them move forward. Importantly they move forward on realising having an idea of their ideal clients/ customers is not just a good thing, it is essential for success.
In one workshop someone said, “Well my business idea would help anyone, anywhere, everyone needs it.” After using the marketing handouts they realised that they had to take a step back and take time to do some research and be much clearer. This helped them be much more targeted, helped them save money on marketing materials and save time on wasted phone calls.
Let’s get back to knowing the niches...
Don’t be put off defining your ideal client or customer. We have heard workshop attendees put off defining for several reasons:
- Lack of confidence that they can decide who they want the customers to be
- Uncertainty about the success of getting customers – and hoping for “drift in” customers or
- Thinking it will be better to be a bit vague and “more people might want it”.
The downsides of not defining can be, among others of course:
- Time spent on the wrong marketing
- Money spent on unproductive marketing
- Being part of networking that is not leading to the right people
- Inability to describe what you can do or solve in an appealing clear way
- Pricing what you offer incorrectly and wondering why people don’t pay
- Lowering prices that mean no real profit is made
Still wondering how Pat Flynn’s quote ends?
Questions to define your ideal customer
- Use questions as part of even simple market research as you start-up
Here are some good ones but add your own
- What is my ideal client’s annual income?
- Who makes the buying decisions in their home and how is this discussed?
- What makes this person stay up at night worrying?
- Who or what influences what they buy? (Keeping up with the Jones’s, Social media influencers, desperation to keep kids happy)
- Where specifically does this person get information when they want to buy something? YouTube, blogs, local newspaper, down the pub etc
Of course, clients and customers can come along and some will be good. But in the long run, Pat Flynn says…
“The riches are in the niches but the fortune is in the follow up”!
Our next blog will be on practical follow up.
Feedback on our start-up workshops
“Fantastic workshops – you have helped me answer questions I didn’t even know I needed to ask!”
WORKSHOPS - BOOK HERE
Our popular Start your own Business workshops are starting in September.
If you could do with some help clarifying your ideal customers
Contact Isabel who leads our coaching services. Call 01189 680813 or email email@example.com
Isabel leads our team delivering practical common-sense business coaching to businesses.
Business owner? Want to improve your business finances and understand your current options and the future implications?
We get alongside business owners and demystify finances.
Contact Dawn on 07896 665104 or email firstname.lastname@example.org
Dawn leads our team delivering common-sense clever finance services to businesses.
This blog comes from The Real Business Club, founded by Dawn Edwards, finance and tax expert and Isabel King, business growth expert and business coach. It is an independent provider of training and advice and support.
The opinions expressed are personal.
We often take inspiration for these blogs from the many business owners and businesses that we train, coach and work with.
If you would like to know more about our services then please take a closer look at the rest of this website.