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Small Business Marketing Series – Choosing a Niche Market

Many smaller businesses choose niche markets for various reasons and these niche markets can be very lucrative. This article will look at ways to identify and assess whether they are right for your business? For many smaller businesses it is important to have a focused... more...

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Whether you are working for a small business, large corporation, or are a student, there are numerous sources that you can turn to for help with writing. Businesses need to be able to effectively communicate with their customers, their employees and their potential customers. Effective verbal... more...

10 Success Secrets For Everyday Writing

During my 25-year career in a variety of professional positions in both the private and public sectors I have written literally thousands of letters and memos and hundreds of reports. Here's the top-10 list of things I've learned... During my 25-year career in a variety of professional... more...

 

Define A New Niche To Seize A Big Competitive Advantage When Marketing Legal Services

by Trey Ryder

When marketing legal services, generalities fail and specifics persuade. The same is true when you decide which legal services you wish to feature in your attorney marketing program.

When you practice in various areas of the law, your prospects and referral sources see you as a generalist. Often, they don't remember you for any particular area of practice. In their minds, your image is blurred.

On the other hand, when you practice in one narrow area of the law, your prospects and referral sources know exactly what you do. Your image is clear and precise. So even if you want to practice in a broad area, or offer a wide range of services, you'd do well to define your niche in narrow terms so prospects and referral sources see you in one specific niche.

The more narrow your niche, the easier it is to establish yourself as the authority in that niche and for people to perceive you as the expert. Also, the easier it is for clients, prospects and referral sources to remember exactly what you do.

The more narrow your niche -- and the more effective your marketing program -- the more your law practice will soar. It's no exaggeration to say that when you focus on one narrow niche, the sky's the limit.

So, how do you "specialize" when you're good at many things -- and when you may want to do many things?

Simple.

When I started in marketing, (a long time back), I was overwhelmed with all the skills I needed to learn. I thought no one person could possibly know how to write powerful ads, generate publicity, design seminars, create newsletters -- and do it all well.

Now, 30 years later, I see the bigger picture -- realize that basic principles apply across the board -- and view marketing much differently from the way I viewed it 3 decades ago. Today, I know how one person can understand how to create a powerful marketing message -- and then deliver that message using a number of different methods.

So today, I use a wide range of tools, including advertising, publicity, seminars, newsletters, tapes, web sites, and more. Yet these many tools all fall under the one umbrella of Education-Based Marketing.

Here's how you can create and profit from your own unique niche:

Step #1: Determine the areas of law in which you want to practice. Do you want to practice family law? Estate planning? Commercial transactions?

Step #2: Determine the types of clients you want to serve. Do you want to work with affluent consumers? Business owners? Doctors? Or all clients who need specific types of services?

You can approach your law practice either from the service point of view, meaning the services you want to provide. Or the client point of view, meaning the clients you want to serve. Or a combination of both, providing these types of services to those types of clients. Then write down your clients/services statement, so you can see clearly -- in writing -- exactly who you want to serve and what you want to do for them. Next:

Step #3: Create a new playing field. One problem lawyers have is that they practice in areas of law that are nearly identical from one lawyer to the next, and from one law firm to the next. If you want a personal injury lawyer -- an estate planning lawyer -- or a divorce lawyer -- you can probably find a dozen up and down your city block.

True, the generic label helps prospects identify the type of lawyer they need. But the generic label also reinforces the perception that all lawyers in a specific field are the same -- just because they all share the same label.

Don't accept the playing field defined by the marketplace, tradition or other lawyers. Create your own niche. Rise to a new level. After all, if you're investing money and time in marketing, you have every reason to re-define the playing field so it benefits you.

Step #4: Name your niche or area of specialization using fact-oriented, descriptive words. The old marketing adage is that people buy benefits and not features. Even so, when naming your niche, don t use a benefit title because it says nothing and arouses suspicion. When I named education-based marketing, I wanted a term that clearly describes what I do. I could have called it Power Marketing, Marketing That Works!, Brilliant Marketing -- or some other ridiculous combination of meaningless words. But, instead, I wanted a term that accurately described my marketing process in terms my prospects could relate to and understand. Hence, education-based marketing.

Name your niche so it describes what you do as factually and accurately as possible. At the same time, make sure your new name covers all the services you want to provide. If you use a narrow name, often prospects will think you provide only those services, not realizing you can and want to provide services outside that narrow area as well. So you want a niche name that creates the impression of a narrow focus, yet is broad enough to include everything you want under that umbrella.

Step #5: Market like crazy. From a competitive point of view, a new niche is worthless if your prospects don t know it, understand it and see it as a major competitive advantage. You could be the only lawyer in that niche -- and the only lawyer using the term -- but no one will care if your prospects don't see why they should hire you instead of your competitors. As a result, your new niche should become a key part of your marketing message. Then you need to educate prospects about why a lawyer in your niche -- who provides the services you offer -- is exactly the lawyer your prospects need.

Step #6: Reflect your new niche in all your marketing materials. If you create a powerful niche -- and believe in it -- then shout it from the mountaintops. All of your brochures, seminar materials, advertising, publicity and web sites should reinforce the existence and importance of your niche. The more traction your niche develops, the more validity prospects attach to it. The more prospects and competitors talk about it. The more real is becomes. Soon, prospects see it as a genuine niche, as opposed to a term you made up after a little wine. At that point, the niche you created moves from perception to reality, which, for marketing purposes, is the same.

SUMMARY: In a marketing sense, you should focus on one area of law. You're in the strongest competitive position when you create your own narrow niche. Make sure your niche is broad enough to include all the services you want to provide -- yet narrow enough so your prospects perceive you as an authority in that area.

IMPORTANT: Take your time and make these decisions carefully. Create different terms for your niche and ask clients and friends for their reaction. See which niche names do and don't appeal to them. See if they have an idea what the niche name means. The name you attach to your niche will likely determine its success or failure. So make this decision slowly, carefully, wisely.

I first wrote the term education-based marketing in 1984. Today, 22 years later, I still use it because (1) it describes exactly what I do, (2) it's the only marketing method I use, and (3) my prospects hire me to provide those services. That's the test of a good niche.

Now develop one for yourself so when marketing legal services, you gain a significant advantage over your competitors who also strive for attorney marketing success.


About the Author: TREY RYDER LLC, Education-Based Marketing for Lawyers / Lawyer Marketing Advisor http://www.TreyRyder.com Trey Ryder is the Lawyer Marketing Department Sponsor At http://www.JerseyJustice.com

Source: www.isnare.com

 

Niche Marketing with the Underachiever System

Underachieving is essentially the concept of doing the least work, or at least very little work in the process of trying to gain an income online. With underachieving, one has to target a small sub-culture on the Internet, usually called a “niche”. Niches have specific interests, hobbies,... more...

Your Online Targeted Niche Market

Do you think because you have a web site, they will come? Do you think everyone is your prospect? Who is your targeted niche market? · Small Business Owners · Doctors · Homeowners · Executives Do you want to maximize your efforts, spend less money and time for bigger results? Do you want... more...

How To Find And Sell to Your Small Business Niche

Any given market in its entirety is simply too vast for any business but the largest of corporations to properly undertake. Therefore, the most lucrative strategy for smaller businesses is dividing the potential demand into different manageable market niches, from which you can offer specialized... more...

 

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