EP9 Positioning - what I wish I had learned a long time ago.
Aug 8, 2022
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This podcast explores the concept of positioning for success in both business and life. It emphasizes the importance of finding tools and strategies for moderate success and maintaining balance. Topics include the importance of specialization in business, understanding the target customer, becoming relevant to the target client, and shifting from vendor to expert in a services business.
14:29
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Quick takeaways
Effective positioning involves focusing on a specific target audience and addressing their needs to become more relevant and valuable to clients.
Positioning as an expert instead of a vendor can lead to better projects, people, and reduced stress levels in a services business.
Deep dives
Importance of Positioning in Business
Positioning is a crucial factor that can give businesses a competitive advantage. It involves the courage to say no to certain opportunities and focus on a specific target audience. By understanding what the target customer truly cares about and addressing their needs, businesses become more relevant. This process may take time and require ongoing iteration and experimentation. However, successful positioning can lead to higher rates, focused efforts, and increased value in the eyes of clients.
Shifting from Vendor to Expert
Positioning also plays a role in transforming a services business from being seen as a vendor to being perceived as an expert. When clients recognize a business as an expert, the relationship shifts from price negotiation to trust and guidance. Businesses can follow their own processes and attract better projects and people. This shift leads to increased success and reduces stress levels.
Resources for Effective Positioning
To delve deeper into the concept of positioning, resources such as David C. Baker's podcast 'Two Bobs' and the book 'Building a Story Brand' by Donald Miller can be valuable. These resources offer insights and strategies for businesses to find their unique positioning and become more relevant to their target audience.
This is not the place where you'll hear about how to build a billion-dollar business, win an ironman event, or find spiritual enlightenment. What I can share is my experience around how to build, lead and exit a business of maybe a few million dollars, how to place in the top 10 in a mountain bike stage race or how to implement systems to continually work and improve on your mental and physical health.In short…I might be able to offer a little help on how to be moderately successful. To be really clear, nothing that I share is financial advice or advice of any kind for that matter but rather my own experience shared. It’s critical that you do your own research on anything that I share in this podcast and that you take responsibility for your own decisions.I want to challenge you to be more than just a passenger. If you hear anything in any of the episodes that resonate with you and that you want to implement in your own life, take action by teaching that thing to someone within the next 24 hours and then ask them to hold you accountable for doing the thing that you said you were going to do. Teaching is often the best way to learn and accountability is usually the thing between talk and meaningful, consistent action. I hope you find some value... Lastly, Please give us a rating - it really helps us to reach more folks like you: https://lovethepodcast.com/Htbms Get in touch with me here. - Mike