KNOWING YOUR TARGET MARKET OPENS EVERYTHING UP
“Three months into the Mastermind, guest mentors came and talked about writing copy. I wrote a program called Bloody Good Life 101, and that’s when I started to get clients.”
Andrea had hit the nail on the head. She’d identified that her Target Market wanted a ‘bloody good life’ above anything else. With this knowledge she was able to put together a powerful program that spoke to her Dream Clients.
Knowing their language and their desires gave her the material for her program. Knowing, too, how to package coaching up as something her Target Market could tangibly understand and want to buy, made all the difference. Before the Mastermind, Andrea felt she was telling people, “I’ll coach you on some stuff”, instead of having a definitive outline and solid plan to tell people about when she was marketing herself.
“It started slowly,” tells Andrea. “When I first launched the program I got two clients - both millionaires and over 30 - and I was like ‘Yay, look at me…’ and then ‘Shiiiit, I have to coach them!’
“Having the package really helped because it made me look like I knew what I was doing.”
Once Andrea had clarified her Target Market and created her first package she began to get more clear on her prices and started to raise them.
The more clients she coached, the more confident she became and the more material she was able to write from the questions clients came with and the breakthroughs they were having.
Things started to scale up, and after a few months and putting into place the marketing strategies she learned in the Mastermind, she was fully booked.
“I made $8k last month,” says Andrea, 8 months after starting the Mastermind. “I’ve quit my part time job and I’m going to live in Bali. And I’m not actually charging high rates. My rates are very reasonable.”
At the time of interviewing Andrea she had 28 clients. That’s 28 people were out there wanting Andrea’s Mindfulness work – just to think that before she didn’t know how to communicate that (or who to communicate it to).
Andrea agrees: “I learnt to communicate in the words that my clients were using. I had had all these ideas of what my clients needed, but I was wrong.”
And Target Market research doesn’t stop as soon as we’ve booked a bunch of clients. We ask them and get their feedback while we work with them. Through listening to them in their discovery sessions we know what they’re looking for and then discover another layer of what they need.
Target Market is a pivotal part of your foundations for your coaching business and is covered in-depth in my UPswing Mastermind which starts again early 2016.
For advanced details, click here >>