The RIGHT way to niche down

by | Jun 13, 2022 | Newsletter

Everyone believes the way to “niche down” revolves around WHO you serve, which is why entrepreneurs people get stuck.

When we think about a niche, we tend to focus on the WHO because every guru, book, or article titled “the riches are in the niches” tells you to focus on WHO you serve.

 

And while this advice is not entirely wrong, it creates a few common pitfalls that cause solopreneurs to get stuck.

 

  • Muddled messaging
  • Multiple offers
  • Bad marketing
  • Fixation on a specific group of people

 

Ugh. The focus on the WHO methodology is filled with self-doubt and, at times, paralyzing overthinking. So, how do you “niche down” without falling into the WHO you serve trap?

 

Simple. Focus on the WHAT.

The WHAT-centric niche.

 

All well-known brands build a WHAT-centric niche.

 

A WHAT-centric niche allows you to sell more products or services to various WHOs.

 

Apple knows this.

Coke knows this.

StoryBrand knows this.

 

Many of your favorite online Gurus know this, which is why you buy their courses and sign up for their free groups. They know the WHAT-centric secret for their niche and business, but to attract you, they talk about the typical WHO-centric niching beliefs.

 

A WHAT-centric niche focuses on the obstacles you help your clients overcome vs. who you serve.

 

Imagine if Apple said they only serve creative people who work in brand design.

 

Or Coke only provided products to Solopreneurs who make between $100K and $500K and have been in business for over six years.

 

Both are ridiculous examples, but the standard advice on “niching” takes you down that path. Fortunately, the WHAT-centric model avoids while helping you get focused on how you help.

What’s your WHAT?

Ignoring all previous advice you’ve heard about niching down for a minute, think about the obstacles (problems) you help your clients solve.

Here are a few tips to help you develop your WHAT-centric niche.

 

Tip #1: List the obstacles (problems) your clients struggle with that you help them resolve.

 

Tip #2: Narrow your list to the top three obstacles. These are three you know you can help your clients overcome. Preferably, they should be tangible and measurable.

 

Tip #3: Add the name of a client you helped next to each obstacle for your list of three. It’s OK to have more than one obstacle per client.

 

Tip #4: Review your list. Look for patterns in WHO you serve. Do they fit into the same target market? Share similar demographics? My guess is they will.

 

Tip #5: Talk about the obstacles (problems) you help your audience solve in your messaging and marketing to attract your WHO.

 

Using this WHAT-centric methodology to discover your niche eliminates the common pitfalls many solopreneurs and small business owners struggle with when naming their niche. The WHAT-centric model also makes your marketing and messaging much tighter and more focused, so you don’t feel like you’re all over the place.

 

So, if you ever get stuck “finding” your WHO, stop focusing on the WHAT, and you’ll be on your way to becoming well-known in your target market.

Features: The Stuff

We love our features, however, let’s be clear, when we talk about features, we’re referring to what your product or service is or does. The chair, for instance, is this color, has these dimensions, or distributes weight evenly.

Bad messaging leads with features.

But, hey, I get it. You’re proud of your service and what you’ve built because they showcase what you offer—but here’s the catch: your audience will not care as much as you do.

Think of features as the raw ingredients in a cocktail; yes, they are essential, but not enough to make someone order it without knowing what’s in it for them.

For example, if you run a leadership coaching program, a feature might be the 45 videos in the program or the program lasting six months.

While important, these features describe what your program is and NOT how it helps (that’s next).

Action Steps for the stuff:

  • Create an Ingredients list.
  • Identify all of the features of your service.
  • Note the features that distinguish you from the competition.

BTW, I’m not saying you shouldn’t use features in your marketing; you shouldn’t lead with them.

Benefits: The Spoils

So, you’ve got your features identified in an ingredients list. Next, you need to turn them into something meaningful. That’s where benefits come in.

A benefit provides tells your customers what they will be able to do, feel, or have because they hired you. Benefits explain why the feature matters and how the value proposition is achieved. Benefits are the transformation your customer experiences by using your product or service.

Benefits help your customers visualize how their life improves, so connecting the dots between what you offer and how it impacts them is essential.

The chair, for example, has a seat that is so comfy, you can sit there for hours without getting a sore bum.

For your coaching program, a benefit could be 1:1 coaching or website copy revisions (both of which I do as part of The Brand Messaging System™️.

Action Steps to Translate Features into Benefits:

  • For each feature, ask: “So what? How does this make my customer’s life easier or better?”
  • Frame benefits in terms of customer outcomes—what do they gain?
  • Be specific about the improvements they’ll experience.

For messaging, benefits sit in between your features and value proposition, connecting your features to your value proposition.

Value Proposition: The Solution

Your value proposition is the distilled essence of why someone should choose your brand over the competition. Your value proposition must be tied directly to your customer’s goals.

It’s the promise you make to your audience that captures both the features and benefits, typically wrapped into one compelling statement. The chair might enable you to meet the right person or call an Uber to get home.

Your value proposition communicates why your customer should care—and pay.

Think of it like the signature cocktail at the bar: it’s not just the ingredients or how it’s made; it’s the feeling and experience your customer wants when they place their order.

Your program’s value proposition might sound like this: “Our personalized leadership coaching helps solopreneurs scale their businesses with 1:1 coaching and website revisions that resonate with your ideal audience.”

Action Steps to a Strong Value Proposition:

  • Link your features to the benefits they enable.
  • Match the benefits to the outcome your customer will achieve.
  • Write your value proposition by telling prospects how their lives will be better.

The Last Call: Key Takeaways for Sharpening Your Brand Message

Turn your frown upside down and do the same to this list. Start with your Value proposition. Highlight your service’s benefits, then link features to the benefits to show how your value prop is achieved.

Craft a value proposition: Identify the transformation your clients achieve and how it links to their goals.

Identify your benefits: Show your customers the benefits of using your service.

Jot down your features: Note the raw facts about what your product or service is or does.

When you nail this down, your messaging will become the perfect drink that they can’t wait to sit at your bar and order over and over.

Whenever you’re ready, here’s how I can help.

1 Brand Messaging OS:  Join over 100 founders and solopreneurs and create your own brand messaging operating system (BMOS) and bring clarity, focus, and alignment to your audience, message, and offer.

Imagine not worrying about what to say when asked, “What do you do?” Or not worrying about needing to get another job because your leads have dried up. If that sounds like something you need, the BMOS may be for you. Schedule a call, and let’s chat.

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