Riches in Niches: Why I Became A Nichepreneur
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by Susan Friedmann,CSP, TheNichePreneur™ Coach
- They were all considered experts in their fields.
- They all made substantial and on-going efforts to promote their expert identity.
- They all achieved their position through hard work and smart marketing.
It's safe to say that I was good at my job. Actually, very good at my job. I loved working in public relations, and invested time, energy and money into my career. It showed, too -- my clients were pleased, my supervisors was pleased, and I was pleased with the work I did. For ten years, that was enough. I spent a decade in the industry -- ten years that gave me all kinds of skills, valuable industry insights, heaps of practical experience, and a vast network of contacts. How much of this helped when the economy took a downturn and my employers were forced to downsize? None. Not one little teeny-weeny bit. I was out on the street with many of my contemporaries. Believe it or not, the same thing happened at the next job. And the next. Why was this happening? It was happening because I'd made the classic professional mistake. I'd become invisible. I don't mean that I'd become transparent. Physically, of course, nothing had changed. But in a marketplace filled with a glut of public relations professionals, nothing made me stand out from the crowd. I was one of a million -- the proverbial tree in the forest. Then, when it came time to thin that forest, I was one of the first to go. Does this sound familiar? Chances are it might. Some of you may well recognize my situation since it certainly was not unusual, nor unique to the public relations arena. Accountants, attorneys, financial advisors, marketing directors, advertising professionals, you name it -- service professionals of every stripe face the same issue. The marketplace is overflowing with highly skilled professionals who offer top quality services, yet the consumer would be hard pressed to recognize one provider from the next. Nothing differentiates one advisor from the next. Can your clients tell which of a dozen advertising executives has the insight to handle their account? There's a real problem of sameness. The public not only views the services offered as commodities, but the service providers are also well on the way to destruction - becoming commodities as well. I don't know about you, but personally, the thought of becoming a commodity doesn't appeal. I don't view myself in those terms. I don't believe my expertise and my passion can be interchanged for that of any of my colleagues and no one would be the wiser. I especially didn't want the label "commodity" when it meant my livelihood was subject to the whims of the financial marketplace. More importantly, I didn't want my personal success to be contingent on the success of the people I worked for. Change was definitely necessary and it was time for me to take charge of my own destiny. I made a promise to myself: If my ship was going to sink, it was going to sink with me standing at the helm. If no one was looking out for my best interests, it was up to me to do so. At this point, I decided to take a good hard look at the people who were successful -- industry leaders, gurus, speakers, teachers and masters in their professions. These highly visible, very successful entrepreneurs had three traits in common:
