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Guest Column
The Specialization-Differentiation Imperative
How to carve out your own slice in the market and charge more, attract more clients and enjoy greater confidence.
by Michel Neray
In the olden days, when there was just one blacksmith in each village, it
was easy to brand yourself as the best blacksmith around.
If someone needed a blacksmith, you're the blacksmith they called. But then
villages grew into towns and a new blacksmith moved into the neighborhood.
All of a sudden, people had a reference of comparison and competition was
born - along with the need for differentiation.
So what happens as more and more people enter into a profession, and as the
profession itself becomes more widely recognized as a helpful service?
The needs of the market get sliced and diced in a variety of different
ways - and the professional that focuses on one of those slices is more
highly valued than the professional who continues to try to be all things to
all people.
That's why we have doctors who specialize by part of the body -
cardiologists, podiatrists and nephrologists. We have doctors who specialize
in type of patient - pediatricians, gynecologists and veterinarians. We have
doctors who focus on geographic regions. And we have doctors who work in
small teams, in large corporations and as individual 'freelancers'.
And as each specialty fills up with more people, it gets sliced and diced
into finer and finer sub-specialties. Look at any profession and you'll see
the same pattern. Whether you're a lawyer, accountant, consultant, coach or
any other independent professional. You either focus on one of those slices,
or you don't get much respect in the market.
That's the specialization-differentiation imperative.
But how do you specialize if you are a general practitioner? And even if you
are already a specialist, how do you differentiate yourself from the other
specialists in your subspecialty?
The answer is authentic differentiation.
Your challenge, should you choose to accept it, is to align the
differentiation that already exists within yourself or your company's
culture with the matching slice that already exists in the market.
'Differentiation' is the slice in the sales and marketing pie that my
company focuses on. It's your 'Essential Message.' - and it's what enables
generalists to command the same high status and privilege of a specialist,
and what enables specialists to rise above other specialists.
Here's a powerful way to brainstorm your own differentiation possibilities
using W5 - who, what, where, why, when and how. It's not as simplistic as it
sounds, so if you're ready to start your journey of discovering your
differentiation (and it is a journey), then get your pencil out and take a
deep breath.
On a blank sheet of paper, draw a table with six columns. Label the columns
with who, what, where, why, when and how. Then as you read the descriptions
for each one below, jot down whatever applies to your business today as well
as what you'd like to explore in the future.
Who What Where Why When How
Who: This refers to your clients - the different ways you can define and
group the people you work with. The more you specialize in a specific target
group, the easier it is for you to focus your sales and marketing budget.
What: Do you offer group coaching? Do you sell physical products? Do you
hold weekend retreats on luxury cruise ships? Or do you sell an hour at a
time? What's the tangible part of what you provide that people buy?
Where: Proximity used to mean geographic proximity, but now extends to mean
visibility - in person, online or in any media. Where are you most visible?
Where are you most visible? And don't ignore the power of old-fashioned
physical proximity. If you are the only coach in your geographical area --
and if geographic proximity is important to the buying decision of your
clients -- highlight it!
Why: Traditional marketing approaches recommend you focus on the 'why' --
the benefit of what you offer. But in today's information overloaded world,
benefits often sound like empty promises that people have heard before. A
more compelling way to frame your 'why' is the flipside of the benefit -
what are the problems that people need your help with and what are the risks
if people do not use the solution you recommend? Be granular and list all
the problems that you help your clients with. The more specific you are, the
easier it is for you to identify the one problem that you solve better than
anyone else.
When: In sales, as in everything else, timing is everything. For the
purposes of discovering your differentiation, 'when' is closely related to
'why'. What are the trigger events in your clients' lives and businesses
that bring a latent problem to the surface and cause people to (finally) do
something about it? Simply by being visible at the same time and just prior
to these trigger events, you can make it easier for potential clients to
find you when they need you most.
How: How you do what you do is one of the best places to 'dig' for your
differentiation. You might have a unique approach that comes so naturally to
you, you may not even realize how powerful it is. That's why it may be
helpful to get assistance of a coach or consultant.)
More than just greater business success, your authentic differentiation
gives you the confidence, momentum and resilience that can only come from
being absolutely clear about your strengths and unique difference both as a
company - and as an individual.
That's why discovering who you really are and using it in your life and in
your work is perhaps the most satisfying, most rewarding thing you can ever
do.
About the Author:
Michel Neray is the creator of The Essential Message®. The Essential Message
is like a value proposition on steroids, helping turn more people into
prospects, and more prospects into sales. Since 2003, Michel has helped
thousands of independent professionals and growing corporations find a
better way to differentiate, position and brand themselves. For information
about Michel's workshops, keynote speeches or eWorkbooks, or to sign up for
his free newsletter, please go to www.EssentialMessage.com.
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