1) NICHE DOWN, CASH IN.
In my previous business, I operated like a jack of all trades. I was trying to be everything for everyone in my creative design studio. This meant learning new skills on the fly, constantly reinventing processes, working crazy hours to meet deadlines, and trying to adapt to a host of entirely different clients – which all ultimately stalled my revenue growth – big time.
Back then, I believed that niching down and choosing to specialize was the equivalent of a death sentence for a creative entrepreneur. But after ending this particular business journey, profitable – but also clinically burnt-out, I decided to look for another way.
When I opened my coaching and consulting practice, I decided to niche down right from the beginning.
Here’s what my process looked like:
1) Decide on ONE ideal client who I’d love to work with right now – knowing that this will evolve and become clearer over time (in my case, this was female entrepreneurs.)
2) Spend a solid 3+ weeks conducting market research and talking to as many of my ideal clients as I could – aiming to understand what their biggest pain points and desires were – and how this could fit into my current skillset.
3) Pick just ONE bleeding neck problem to solve for this market – and build an offer to solve this problem, beautifully. (In my case – this meant helping female entrepreneurs to find clients online)
The result? An ultra-specific message that got me booked to capacity with 1:1 coaching clients just 90 days into my coaching business journey (while starting with an audience of zero.)
The best part?
I didn’t need to work 7-days a week to achieve this.
This is the power of less – but better.
Adapted from Greg Mckeown’s ‘Essentialism’*