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Positioning for Profits!
Last Friday, I was spending one last day of freedom with a dear friend who was expecting to have her first baby at any minute. We decided to hang out by the pool. On the way there, we stopped to pick up some lunch to eat pool-side. Given the choice of Wendy's, Subway, or McDonald's, I chose Subway because I knew I could get a relatively low-calorie, low-fat lunch there. How did I know that? Because I'd seen their commercials starring Jared who had lost something like 150 pounds by eating an all-Subway-sandwich diet. Now, I don't need to lose 150 pounds, and I don't plan to go on an all-Subway-sandwich diet. However, I also didn't want to blow the 648 calories I had burned on the elliptical trainer that morning. From the moment we walked in, I knew I had made the right decision. They had a poster-sized sign telling me how many calories and grams of fat each of their basic sandwiches have. That helped me make a decision about the best thing to order. Then, they reinforced my smart decision when they handed me my sandwich-drink combo. Plastered across the sandwich wrapper, around my cup, and over my napkin were the same calorie/fat breakdowns. I was pleased to see that I was only eating 320 calories for lunch (okay, truth be told, I splurged on chips too). But, nonetheless, Subway had done their job and done it well. I'm talking about POSITIONING. They might be a lot of things, but the thing they want you to know above all else is that they offer low-calorie fast food alternatives. Yes, they were fast. Yes, they were cheap. But the point they have hammered home with their advertisements, in-store signage, and paper goods is that I can get a meal that won't blow my diet. Positioning is what sets you apart from your competitors. It's what makes a prospect choose to work with you rather than someone else. It's the part of perception that you have the most control over. But many business owners neglect to take charge of their position in the marketplace and let customers position their business for them. How many times have you lowered your prices to get a new client who balked at your original bid? How many times have you agreed to provide a certain service to a client that you never planned to provide, don't enjoy doing, and isn't very profitable? How many times have you taken on a job that requires the most basic skills you possess and complained that you can't get clients that want to use all of your talents? These are all things that business owners experience when they let their prospects/clients position their business for them. If you find yourself doing this, the time to change is NOW! Are you letting the market position your business for you? If so, don't fret. Most all of us have been there at some time or another. Sometimes, it's important to take on low-end jobs. We all need to pay the bills. We all experience market downturns. We all have to build up confidence in our services. But, if you find yourself feeling frustrated with the type of work you're doing, the amount of money you're making, or the kind of clients you are working with, it's time to take charge of your business. Take a piece of paper and write down 5-10 things you want people to think of when they think of your business. Here are several examples, but you might think of many more:
Now, look through your list and choose the one thing that you want to emphasize more than any other - the one thing that will set you apart from your competitors. Once you've selected it, write down a list of benefits that the one thing provides to your clients. For example, if you chose "high quality" from the list above, some benefits might include:
Once you've identified the aspect of your business that you want to emphasize and you've identified the benefits to your clients, sit down with all of your marketing materials. This includes your business card, brochure, letterhead, web site, advertisements, bio sheet, etc. Determine how you can tweak each one to emphasize this aspect of your business. If you can afford it, you might reprint some of your materials. If you can't, you might come up with ways to add a tag line to your existing materials. You could print your tag line at the bottom of every piece of letterhead each time you are sending a letter. You could have stickers printed with your tag line to stick on each of your brochures. Be creative! The best part about proper positioning is that you end up doing the type of work you enjoy and making more money. Many times the work is more profitable -- you are able to charge more than your competitors because you are delivering more value than they do. The clients that choose to work with you are making the decision to pay a little more in order to benefit from the extra value you provide. About The Author Kimberly Stevens is the author of the ebook series, *The Profitable Business Owner: A Step-by-Step System for Starting & Running a Successful Service Business*. Download Sample Chapters & get her free MiniCourse, *The 10 Most Common Mistakes Business Owners Make & How To Avoid Them* at: http://www.askthebizcoach.com/ebooks.htm
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