[VIDEO] Grow Your Business 10 Times Faster & Attract Better Strategic Alliances by Niching
How does a bookkeeper for restaurants grow at 10 times the rate of a general bookkeeper and experience one fifth of the stress?
Many of us underestimate how easy it is to run a successful business when you niche. In fact, this was reinforced by a recent American Express small business survey across the Asia Pacific region, which revealed that the small businesses that were thriving, were the ones with a well defined niche.
I had the pleasure of interviewing one of our favourite friends of PartnerUp, Andrew Roberts the Founder of Podiatry Hive, about his successes in business since niching his target market (and how niching helped him secure lucrative strategic alliances more easily). In this candid, entertaining and deeply insightful interview, find out how one of Andrew’s clients turns over a seven figure profit working a little as 3 days per week.
Andrew also uses a great analogy about standing on the shore of the ocean taking pod shots at fish, when you could put some fish in a bucket and hit it with a'machine gun'. You're going to be way more effective with way less effort.
In the full interview (available to members of our ongoing support program), Andrew shares specifics on how he approached the Podiatry associations with a win win approach using the law of reciprocity, and with an attitude of abundance (some of the keys to successful strategic alliances). He also demonstrates how powerful it is to activate your ‘partner friendly’ radar, and take action when opportunities arise.
He also talks about how he secured promotional exposure worth over $7,000 to his business for just a few hundred dollars, and a response rate that was far higher than what he would have achieved if he’d marketed directly to Podiatrists, rather than working via his strategic partners.
Andrew generously shares his top 3 tips in niching, for attracting amazing strategic alliances and marketing partners, easily growing your business 10 times faster with a fraction of the stress.
Here’s a snapshot for you of Andrews top tips for niching.
1. You don’t have to niche your product, you just have to niche your market - many clients and strategic partners will feel privileged that you’ve chosen their industry.
2. You can’t steer a parked car – you need to go with your gut and take action - it doesn’t take long to become an expert when you focus on a niche market and you will develop very sought after assets.
3. Test the marketplace – line up one mar