You need a business model more than a new website

If you’ve ever seen the movie Field of Dreams then you’ll be familiar with the mantra “build it and they will come.”

It’s a great line, but terrible business advice if you happen to be a consultant or professional speaker.

You can have the flashiest website on the planet, but if your business model is flawed then it won’t make a lick of difference to your bottom line.

I’ve seen some very smart people who spent a lot of money on websites that just tell others that they happen to be very smart people.

And if you’ve found a way to monetize people thinking your a very smart person – that’s awesome.

But most of us hire based on the added value or skills a consultant brings to the table and not how smart they are.

People hire consultants based on the added value or skills they bring to the table. Click To Tweet

Let’s forget about how your website looks for a minute.

I’ve worked with clients who have terrible websites and have no trouble finding work. I’ve also worked with clients with amazing websites and struggle to make their businesses work at all.

So what’s the difference? It’s a business model that matches expertise to a highly defined pool of prospects that will be willing to pay for it.

When somebody goes into consulting or speaking as a profession, it’s usually because they have knowledge or skills that are marketable. So they go about building out a website like it’s a fancy resume. This means prospects have to look really deeply into the listed skillsets to figure out if they fill the holes they need plugged.

Of course nobody tells you this when you’re just starting out. So when business isn’t coming in as fast as you expect, you begin to doubt the value of your offering. But really it’s just a case of broken messaging.

What successful consultants and speakers to do is think of themselves not as very smart people, but really smart investments for their clients. They suppress the urge to self-promote and use every element of their website to sell their value proposition to the people most likely to hire them.

So why is this on my mind now? For a long time I avoided website development for people other than my monthly retainer clients. I was frustrated by the lack of control over the messaging and I didn’t want to deliver something that I ultimately didn’t think was going to help.

Earlier this year I put together a business and marketing coaching program to help consultants and speakers who’d been in the business from 0-5 years put all the pieces together in order to create a sustainable business model that could grow and become more profitable.

I also started building websites again for speakers I knew and respected and who already had a business model in place I believed in.

While attending the National Speakers Association national conference I was chatting to a new speaker with very specific expertise but was fuzzy on who her audience should be. After spending about 15 minutes we figured out who would be most likely to pay for her expertise.

She needed a website. But I didn’t want to simply build a site and cut her loose. So I combined my 12 week marketing coaching program with a new website at a big discount. The idea being that by the time we’re done, she should have all the tools in place to make her business work.

It was a breakthrough for me. Combining these two desperately needed services into a single discounted package (that costs a lot less than what some people pay for just a single website) could help a lot more people actually achieve their goals.

So before you drop big bucks on a new website take some time to understand who it is that will pay for your expertise and then develop your new site based on writing for them.

If you want to see if this package could help your business, I have it all scoped out on this page.

Define your audience before you create your message

I was recently at the National Speakers Association annual conference.

This year, as I’ve done every year since 2011, I had booth to promote my speaker marketing and coaching services. I’m not cheap and most folks at the event either don’t have budget for me or they already have staff to do the work. So my ideal clients are somewhere in between those two points. My clients speak enough to know they need to up their marketing game, but aren’t prepared to hire a full time person to do it.

This means I tend to spend a lot of my time chatting with folks who are not my ideal clients. But that doesn’t mean I’m not helping people. New speakers tend to be attracted to my booth and the promise of an all in one marketing solution for their business. And while there are a lot of businesses that would be happy to take their last nickel, I’m not that guy.

So I hold court, dispensing business and career advice to consultants, professional speakers and trainers who have expertise and valuable content to share – but haven’t thought out how to monetize that know-how.

The biggest issue I found this year was an abundance of speakers who crafted a message and planned a business before ever figuring out who would actually pay for it.

If you create a program and then start looking for an audience to match it, you are choosing a very difficult path.

Define your audience before you create your message if you want to succeed as a speaker. Click To Tweet

Instead, consider your experience and where that gives you credibility. If you have experience in IT sales, then you will have much more luck with IT resellers, than if you create a general sales program and pitch it to realtors.

As I’ve said before “Everyone” is not an ideal client profile. And that is still one of the best bits of advice I’ve ever given out.

Before you create any program, clearly define the intended audience. This will allow you to avoid generic presentations and allow you to differentiate yourself in the speaking or consulting markets.

An example of this from the conference was someone with an expertise in fitness training with a specialty in seniors. When I asked who would pay of that, the answer was any individuals AND companies that want employees to be fitter. The conversation then shifted to how gyms do such a terrible job of accommodating older individuals.

So I suggested that a more specific and profitable program might include speaking to gyms and fitness facilities on how to market effectively to this group – with an emphasis on the amount of money they are leaving on the table by ignoring a huge segment of the population.

Once that audience was defined there was suddenly clarity of message and a business model.

So before you focus on the expertise you bring to the table think about the marketplace and where your expertise is likely to resonate. It will make it a lot easier to make a business case for your services going forward.

3 Ways to Avoid Mediocre Marketing Content

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Coming up with fresh content can be difficult, which is why it’s easy for marketers to fall into the trap of looking through previous work for inspiration. This rinse-and-repeat approach leads to predictable content, and predictability is what pushes audiences to look elsewhere for something more original.

The most competitive brands have the courage to look elsewhere for ideas. It’s not easy — especially when it needs to be done at scale — but here are three ways to ensure you’re approaching content creation from an angle that can pay off in a big way.

Embrace newsjacking.

One way to breathe new life into your content strategy is to capitalize on the popularity of trending news stories. Is there a new finding or event that affects your target audience? These are opportunities to connect your content to a much larger story and amplify your marketing efforts.

A great example is Oreo’s now infamous “You can still dunk in the dark” tweet. The cookie company seized the opportunity presented by Super Bowl XLVII’s power outage with a clever tweet about its snacks still being enjoyable without electricity, and the newsjacking paid off: In less than 24 hours, the post generated nearly 15,000 retweets and more than 20,000 likes on Facebook.

Notice that the best newsjacking opportunities allow brands to add relevance to the story, which is why a snack company saw such an incredible response during a sporting event. Another way brands can add relevance to trending stories is to localize the subject matter. For example, my team at Fractl helped real estate company Movoto map out the wealthiest people within the United States. The innate regional ego bait helped the project generate more than one million on-site views along with 140,000 social shares and 130 press mentions.

Push the envelope with controversial content.

Although striking up controversy might seem ill-advised, polarizing ideas work because they trigger an emotional response. Audiences feel encouraged to click, read and share your content because they have an opinion — and they want the rest of the internet to know about it.

However, this strategy only works when the content ties back to your brand and its services. Below are two different approaches to controversial content along with examples that show how each approach can positively relate back to a brand:

  • Disprove an assumption: This content typically forces audiences to rethink a common belief. Consider the Ad Council’s incredibly successful “Love Has No Labels” PSA. The organization’s mission is to inspire “ongoing dialogue, engagement and action around significant public issues,” and the video took that message to heart when it used an X-ray machine to disprove subconscious prejudices about relationships. Connecting the theme to tolerance helped the controversial clip become the second most-viewed community and activism campaign of all time.
  • Make a taboo subject more approachable: Another thing successful controversial content does well is offer a different look at a familiar subject. Discussions on body image, for example, aren’t always easy. To make the subject matter relatable to a much larger audience, Fractl helped Bulimia.com reimagine superheroes with more realistic body types. When the new images were paired with the originals, the stark contrast offered a new way to discuss body issues — particularly for men. In just nine days, the campaign earned more than 200 pickups and nearly 90,000 social shares in 20 U.S. states and 25 countries.

Don’t assume complexity is boring.

Establishing yourself as a thought leader within your industry is incredibly valuable, but it doesn’t mean your content needs to be lengthy and explain every last detail of something — that’s a surefire way to lose someone’s attention. Instead, rework complex ideas for your audience so that they are much more easily understood — particularly if you’re in a more complex vertical like finance or tech.

A great example is this campaign that visualizes the virtual storage space of an iPhone into something more tangible: storage boxes. Someone might not understand how vast 128GB of storage is, but they’ll have a better idea when it’s equated to 12,800 storage boxes stacked with paper stretched more than three miles. This helps make something like data storage a bit more engaging — and appeal to a an audience beyond those working in the nearest Apple store.

Unengaging content will never support your marketing goals, particularly because today’s consumers have little interest in anything that doesn’t address their immediate needs. Whether you choose to look towards newsrooms for inspiration or opt for a formula that’s a little less vanilla, these techniques will inspire you to think outside the box — and ultimately create something that will reach a much larger audience.

https://www.entrepreneur.com/article/295782

On – 20 Jun, 2017 By Andrea Lehr

Top tools and apps to make you a better writer

Wouldn’t it be great if there were a software program that took your writing and spat out new copy that was Pulitzer worthy? Sadly, such a program doesn’t exist. However, there are tools and apps out there that can make you a smarter writer – and possibly a better one. The emphasis is on smarter though, because you have to know what some of these programs are telling you in order to decide if their feedback and suggestions are worth the effort. As with all marketing efforts, it’s all about context and the message you’re trying to get across.

Happily, there are online apps and tools that are quite sophisticated, and can show you areas where you can improve your output. What apps and tools are these? Read on!

Grammarly

You might be scratching your head about why Grammarly is included in this list. Don’t we all have spelling and grammar checking in our writing software? Yes, but can your spellchecker distinguish between the use of “you” and “your” and suggest that you might need to use one of those pronouns instead of the other?

Grammarly catches the kinds of errors that regular spelling and grammar checkers miss. That’s crucial if you’re a professional who uses writing to reach clients. So what’s the downside? Grammarly is not compatible with Google Docs (which means you’ll have to cut and paste and dump your content into the app). However if you are an MS Word person, you can download Grammarly directly into Microsoft Word and use it as your new spell check program within the application.

Readable.io

If you’re writing to a general level audience, simplicity is crucial. That’s why it’s always good to run your words through a reading level comprehension program such as Readable.io. It’ll tell you what grade level your sentences and paragraphs are scoring at — anything between a Grade 6 and Grade 8 reading level is ideal for a general audience. This can help you prune down some of your longer sentences and choose words that are simpler to understand without dumbing down your work.

The drawback is that a lot of these online reading level calculators don’t know what to do with bulleted lists, so you may be forced to use a hack such as putting a period at the end of each bullet point manually to get an accurate score.

OneLook Reverse Dictionary

Are you struggling to come up with a word, knowing only what defines it? You could try OneLook Reverse Dictionary, a free tool that allows you to look up words based on their definitions. This tool really helps if you only “sort of” know the word you’re looking for. If you enter something vague such as “something you eat”, you’ll get all kinds of synonyms for eating that may or may not be helpful. Still, if you find yourself grasping at straws for coming up with the right word, this may be a useful tool.

Google Docs

This one is almost self-explanatory. If you do any writing online, chances are you need an editor. Google Docs allows you to collaborate with others on your Hemingway-esque pieces. It’s also constantly backs things up, so you don’t have to worry about hitting the “Save” button every minute or so.

WordPress

If you’re doing any business writing, you need a blog. WordPress is a good choice as it powers about 20 percent of the Internet. Having a blog is a good practice to have regardless, because it’ll give you the platform to keep writing. And the more you write, the better you’ll get. So a blog is a good tool to have in your arsenal.

Are there any other good (and preferably free) tools and apps out there that you use? What are they? Feel free to share them in the comments section below.

finding your ideal client

“Everybody” is not an acceptable client profile

finding your ideal clientIf you’re an independent consultant, trainer or professional speaker, one of the hardest strategic decisions you need to make is identifying your ideal client profile.

When you first start it’s natural to cast a wide net to see where the interest in your particular services lie. But you will soon find out that when somebody asks you who your ideal client is, “anybody” or “everybody” is not a very helpful answer.

Whenever I speak to a prospective client, it’s one of the first questions I ask them. And if the answer is “everybody,” then I know that there is a fundamental flaw in their business strategy that needs to be addressed.

If asked about your ideal client, “anybody” or “everybody” is not a very helpful answer. Click To Tweet

Let’s get something straight – my 75 year old mother is probably not your ideal client. My 9 year son should also be off your prospecting list. But if you have knowledge and experience in a particular topic that is valuable to someone, it’s up to you to define who that person is.

To do that consider where you gained your expertise. If you spent 20 years in the hospitality industry and consider yourself to be an expert in customer service or leadership, your knowledge may be transferrable. But certainly it would be more valuable to the people within the industry where you learned your lessons.

It’s about defining a niche and then using your experience to own that space.

In my own case, I spent years working as the marketing director for a professional speaker and consultant before I hung out my own shingle. I quickly realized that while there are a million agencies that work as generalists there were none (at least when I started) that specifically worked with speakers.

Once I defined my ideal client profile as content-based speakers, trainers and independent consultants it became very easy to focus my marketing efforts.

I wasn’t going to waste my time chasing after small web projects for local businesses or trying to compete against giant agencies with far more resources than myself. Instead I do everything I can to keep my company visible to those most likely to require my all in one marketing services.

Having and ideal client profile will help you work smarter

Defining your ideal clients will help you in similar ways. Most importantly you won’t spend countless hours pursuing projects with generic service offerings or generalist approaches, when there is someone better suited to the gig because they have defined themselves in that space.

Instead you can craft a message or service that is specific to your experience and applicable to a client base that is receptive to your message and values your experience.

Defining your client base is the most important thing you can do if you want to grow your business. So when you finishing sharing this on Twitter and LinkedIn, think about who your ideal clients are and how you can get yourself in front of them.

6 Trends Happening in Content Marketing in 2017

content marketing trendsIt’s hard to believe that 2017 is almost halfway over. And if you’re a content marketer, you may have a sinking feeling that you’re already falling behind.

So what should you be paying attention to? This article will look at some of the things that have been dominating marketing headlines this year and will continue to do so.

Featured Snippets Are King

You’ve probably noticed that featured snippets are now taking up a great deal of real estate on the first page of search results. If your competitors are dominating this space, you need to take it back. Start writing content that’s based on how people speak. Of course you have to be ranked in the Top Five or 10 search results for a given keyword phrase to even have a shot at becoming a featured snippet.

Once you get a coveted featured snippet spot, don’t rest on your laurels — there’s no guarantee that featured snippets will last forever. Keep looking at your analytics and making tweaks based on what your competitors are doing.

Mobile Is Growing, Growing, Growing

It’s no secret that people are surfing the Web from their smartphones and tablets more than they from desktops and laptops. That means you have to absolutely make sure that your Web experience is tailored to mobile. Have a mobile responsive site and make sure downloadable items such as white papers can be easily read on a mobile device. Think about creating apps, if you haven’t already. Just do more in the mobile space.

Video Keeps Exploding

How big is video? The fact that there are now oodles of content platforms for video should tell you that it’s a big deal. From YouTube to Snapchat to Facebook Live to Twitter, video is all over the Web. Make sure that you have a marketing strategy to brand and tell stories using video. And Don’t depend on your videos going viral. Instead, focus on creating videos that have meaningful information behind them and pay for some promotion.

Pay to Play Is Now a Big Deal

You might be creating the world’s best content, but if you’re not promoting them on social media, chances are nobody will know about it. Promotion on social media is becoming more and more about advertising. If you’re not advertising on social media, you risk falling behind all of your competitors who are using platforms like Facebook and Twitter ads to find and grow audiences.

User-Generated Content Is On the Rise

User-generated content helps to build trust in your brand. In fact, 85 percent of people trust others’ content over brands’ content. So it’s more important than ever to get social shares, reviews, comments about your products and services.

OF course not every piece of user-generated content is guarenteed to help you. So be sure your customer service is exceptionally polished because every user is now a potential brand ambassador or brand killer. It doesn’t take much for a bad review to bring down your business these days. The good news is the inverse: it doesn’t take much for a good review to build trust in your brand.

Email Marketing Is Coming Back

You might have thought email marketing had it’s best days 10 years ago. But the truth is, people are turning to it more than ever in order to find more information about a particular subject. Social media is great for building awareness about your product initially, but email marketing gives you the real estate to build on that awareness. This means taking your newsletters above selling points and offering real, educational and informative content to your list. You can even now put video, quizzes, and puzzles to make the experience much more interactive!

What are the other trends that you’re noticing this year? Let us know in the comments, and help everyone stay on top of what’s new and novel especially for the year 2017!

get staff to create content

5 Tips to Help Staff Create Content

get staff to create contentEvery office has them. People who cannot, for the life of them, write — or write well. And if it’s your job to shepherd content out of them – God bless you. However, there are a few things you can do to actually get the content you need — and ensure that content is publishable in a way that won’t embarrass your brand.

Here we’d like to offer a few tips on how to get content that is well above marginal from staff who are not natural born scribblers.

Don’t Push People Into Writing

This may seem counterintuitive, considering how I just introduced things, but the best way to get good content to get content from people who absolutely, positively want to create it. Some people hate writing and find it a chore. You’re likely to get lackluster content from these folks all the time, so don’t bother with them. Find and identify potential contributors who at least want to give content creation a shot. By not forcing the issue on people who have zero interest, you’ll save yourself hours of editing crap and have more time to help those want to contribute.

Make Content Production a Game

What might work, especially in a competitive corporate culture, is turning writing into a bit of a game. Identify what you want to accomplish, set some rules and then offer a reward to the first person who successfully does what you want them to do. Having an incentive is key, but sometimes a bit of personal recognition from the boss is all someone really craves.

Don’t Forget That There Are Different Kinds of Content

Content is not just writing. It can be slideshows or podcasts or infographics or a host of other things. Find out who the experts are in these various things around your office, and let them go at it. This is simply an honest admission that you won’t be able to convert everyone on your staff into a blog writer. But you can use different skill sets that people have to create various kinds of content to compliment the written work.

Don’t Ask for Complete Work

When it comes to writing, if you really need content from someone who is not a natural writer, don’t ask them to hand in a complete assignment that is barely passable. Instead, ask them to turn in a few bullet points or notes that a real writer can then flesh out. Send the completed version of the article or blog post back to the subject matter expert and ask them to review the work and approve it. This might be a good way to get more content on a regular basis, and it shouldn’t affect the end result of the work.

Provide Opportunities for Training and Feedback

Sometimes, all a person needs is a little bit of coaching in content creation. If you can provide this, you may find that people are more enthusiastic about contributing content and you won’t have to edit material as much. Also provide a chance to give transparent feedback — especially when it comes to what you’re looking for in terms of metrics and web analytics. Being transparent may encourage some competition, and this may provide an opportunity for colleagues to really kick things up a notch and turn in their best work.

Do you have any other tactics or strategies for working with difficult colleagues who may not be great writers and content creators? Share them in the comments section below. We’d love to hear them.

content marketing strategies

How to Make Time for Content Marketing

Time is a precious commodity – especially if you’re an independent consultant. When you bill by the hour or the day, there is a tendency to quantify the cost of every part of your life. If you bill at $300 an hour, it can be hard to see the value in spending 2 or 3 hours creating a newsletter or even writing an article. But content marketing requires that you make, well, content. So how do you find more hours, minutes and seconds when you’re already crunched with more pressing, and often more profitable, demands?

While adding time to the day is physically impossible, there are a few things you can do to squeeze more writing into whatever time you do have. This list is by no means exhaustive, but it should give you a few good ideas about how to tackle your next writing assignment when time is at a premium.

Plan Your Content Marketing Stratgies

Before you set out to write anything, you should have a plan. Think about what you’re trying to do with your content marketing. See what your competitors are already doing and come up with a different slant. Then develop an editorial calendar to keep track of things. Start planning it at least one month in advance. If you can’t come up with any reasons for creating a piece, then you shouldn’t create it at all.

Set Goals

You can get a fair bit of writing done if you have content marketing goals AND you stick with them. You can do start by setting goals over yearly, quarterly, monthly and weekly periods of time. To figure out what goals you need to set weekly, think about what you need to be doing each day — and move up from there. You can also try being slightly overambitious to help you work harder, so long as you don’t set goals that are completely outside the realm of possibility.

Additionally, try to set goals that measurable. Don’t just say, “I’ll write content.” Say, instead, “Today, I’m going to write 500 words.” You can then track your progress against those goals.

Write About What Excites You First

The idea behind this tactic is that you’ll write a whole lot faster when you actually really, really want to write about something, thus saving you time. That will free up more time to write about the content that doesn’t quite catch your fancy — or is giving you grief in terms of turning those pesky ideas into words. If you’ve got a boatload of fun content to keep your funnel full then you have time to sit back and think about the tough stuff.

Divide Up Your Writing Time

Think about dividing up your content marketing tasks over the course of a week to get your pieces ready. For instance, use an hour on Monday to research and list topics for your articles and blog posts. Tuesdays can be spent on the rough draft. Wednesday is for polishing of your piece, while Thursday and Friday are for adding pictures, video, and actually publishing. You can successfully use this strategy for anything from blogging and website articles to newsletters.

Quality Content, Not Quantity

Reduce your content publishing frequency and go for more in-depth and long-form articles. The downside is that these pieces take longer to write, but they offer more value for the reader and they’ll help make you an authority on your subject material. You can break up the content with other content formats, such as:

  • Slide decks.
  • Infographics.
  • Social media images with tips.

Learn How to Say “No” and Get Rid of Distractions

Finding more time to write is all about making time to write. If you find that you’re hammered with distractions, like an avalanche of e-mails, then it’s time to put the distractions away. Close down your e-mail client while you write.

Granted, there are things you might not be able to say “no” to, such as e-mails from a top tier consulting client. But if you can figure out the other sources of distraction you can minimize or remove them altogether.

Are there any other ideas you have for how to make more time to write? Leave a comment below, and let us know!

Why should consultants blog

3 Questions About Blogging Answered

Why should consultants blog“You need to blog.”

How many times have you heard that line? It’s something I tell clients all the time. And WordPress has certainly democratized the process. Let’s face it, anyone who wants to blog already does it. So my job is to convince people who should be blogging to actually start. Here are the three questions I get most often along with some answers.

Why do I need to blog?

This is the big one. And I’ll keep it simple. Blogging helps you in search results because Google loves fresh content. When you blog you add valuable content to your site that can show up in search results – months and years after you’ve created it.

Secondly it gives you a lot of added credibility to potential clients as it clearly demonstrates that you know what you’re talking about.

What should I blog about?

Develop a strategy based around the audience you need to reach. It’s that simple. Start by creating a couple of personas. In case you didn’t know, personas are profiles of your ideal clients. This exercise will help you identify their interests. The trick is to then connect those interests to what it is you want to communicate.

If you want to reach managers and executives, and you happen to be a sales speaker, trainer or consultant then you have to create blog content that your ideal client will want to read. More importantly how will it move them to connect with you as a potential business partner?

How often should I blog?

Ideally you should try and blog something out every day. But let’s face it, you’re busy. And coming up with something new and interesting to write about is hard. Some professional speakers fall into a trap whereby they start putting out all sorts of crap just so they can say they are blogging 3 times a week.

It’s better to create a single amazing piece of content each week that will get shared to LinkedIn, Facebook and Twitter, than three space fillers that your ideal clients don’t care about. They aren’t going to sort through a lot of bland posts just to find the rare nugget of gold.

building a successful consulting business

Don’t envy your competitors – learn from them!

No matter the industry or field, there is one thing all consultants have in common: competition. And regardless of the level of success your consulting business has already achieved, competitors are something that will either propel you forward or swallow you whole.

There is a famous quote by American poet Washington Allston that claims “the only competition worthy of a wise man is with himself”. While that is a nice sentiment, the wisest men and women in business know that studying their competition is a great strategy to finding their own success and building their growth.

While it can be easy to feel jealous of or envious our successful competitors — and, on the other hand, ignore the less successful competitors — there are a few simple strategies you can implement to ensure you continue to learn from their successes on a regular basis.

4 WAYS TO SIZE UP YOUR COMPETITION

Schedule the time: Getting in the habit of visiting your competitors’ websites and social media channels can be tricky, especially when you are busy focusing on your own business. Scheduling 10 to 15 minutes in your calendar at the beginning of each week will help you hold yourself accountable until it becomes part of your regular routine.

Sign up for their content:You’ve hit a gold mine if your competition offers free newsletters, blog posts and webinars. Sign up for this content immediately so you can stay up-to-date on what they are offering to their customers and clients.

Drop by at conferences: Do you attend conferences and workshops in your industry? Then chances are your competitors do as well. When you have time to spare, drop by their booths in-person to see if you can find out details about their business that can’t be found online.

Set up Google Alerts: Signing up for specific Google Alerts allows you to track keywords and phrases easily so you can stay up-to-date on specific conversations. If you haven’t already, set up Google Alerts for your own business and then for your competitors as well — it will help you keep tabs on who is mentioning their products, services or websites and what is being said.=

4 WAYS TO LEARN FROM WHAT YOU’VE DISCOVERED

Find the gaps:Now that you have checked out your competitors’ social media channels, blogs, newsletters and webinars, focus in on what is missing. Are there gaps in their content that you could fill? What aren’t they talking about or offering? If you can’t beat the competition’s’ strengths, targeting what they are neglecting to focus on is a great way to propel your business forward.

Don’t copy: Even though it can be tempting at times, copying what your competitors are doing is never a good strategy. This is because if you are always copying what others are doing, you will always remain one step behind them. A better strategy is to analyze their moves and decisions and then improve on them. For example, you can borrow the idea of offering free webinars, but do not repeat your competitors’ topics — offer something even better.

Listen to the reviews: If customers and clients have written reviews about your competitors, chances are these reviews will include both praise and complaints. Figure out how you can learn from this feedback as if it were your very own, because your audiences are likely very similar if not the exact same. For example, if you read that your competition is not offering a service in a specific area and this is something that their consumer wants, see if there is a way you can offer it first.

Don’t ignore the new guys: It can be tempting to solely focus on your top competitors, but it is just as important to focus on the newcomers who may not have found great success yet. These are the competitors you can often find the most innovative ideas from.