Uncover Your Hidden Markets Copyright 2004 Bob Leduc
http://BobLeduc.com
Want a simple, low-cost way to boost your sales? Just uncover
the narrowly defined sub-markets hidden in your main market.
Then create special versions of your advertising to focus on the
specific needs of prospects in these hidden market segments.
1. How to Find Your Hidden Markets
Start by evaluating your existing customers. Look for groups of
customers with similar characteristics you do not currently
cater to in your advertising. Then create new versions of your
sales message appealing to their specific needs. You will
attract a lot more customers just like them.
For example, the owner of an accounting service marketing to
small businesses noticed that many of his new clients were
landscapers or insurance brokers. Therefore he created separate
web sites highlighting the unique benefits his service provided
to clients in each of these businesses.
The two sites looked similar, but their sales content was
customized to appeal to the specific needs of potential clients
in each market. Visitors to either site probably assumed he
specialized in working with companies in their industry. Within
2 months he was able to increase the number of new clients from
each group by over 25 percent.
Tip: You can also narrow the appeal of an existing web site
without losing its effectiveness with your main market. Just
create customized web pages for each market segment you want to
target. Then add a link to each of these specialized pages on
your home page.
2. Adapt to Your Customers and Become a Specialist
As you work with a lot of customers and prospects in a narrowly
defined market, you gain special insight into how they think and
what they need. You will be able to communicate with them as in
"insider" using their own special vocabulary and style.
Prospects and customers will think of you as being "one of us"
...a specialist who caters to their unique needs. They will want
to do business with you because you understand their special
situation and know exactly what they need.
As a specialist you also eliminate much of your competition
...even if their prices are lower. Most customers will pay a
little more to buy from a specialist so they can avoid the risk
of doing business with a competitor who has little or no
understanding of their special needs.
Bonus: When you deliver results as a specialist you also
establish yourself as an expert in your field. Customers will
proudly refer other prospects to you. They appreciate what you
did for them and are confident you will deliver the same results
for others.
You can boost your sales significantly by using the two simple,
low-cost steps revealed in this article. Just (1) identify the
narrowly defined sub-markets hidden in your main market. Then
(2) become a specialist catering to the unique needs of the
customers in each of these sub-markets.
Bob Leduc spent 20 years helping businesses like yours find new
customers and increase sales. He just released a New Edition of
his manual, How To Build Your Small Business Fast With Simple
Postcards ...and launched *BizTips from Bob*, a newsletter to
help small businesses grow and prosper. You'll find his low-cost
marketing methods at: http://BobLeduc.com or call: 702-658-1707
After 10 AM Pacific Time/Las Vegas, NV
About Author :
Bob Leduc spent 20 years helping businesses like yours find new
customers and increase sales. He just released a New Edition of
his manual, How To Build Your Small Business Fast With Simple
Postcards ...and launched *BizTips from Bob*, a newsletter to
help small businesses grow and prosper. You'll find his low-cost
marketing methods at: http://BobLeduc.com or call: 702-658-1707
After 10 AM Pacific Time/Las Vegas, NV