Network Magazine Autumn 2020 | Page 14

The more specific you are with your target customer, the smaller the field of competitors you will come up against serve, specifically their main health and fitness goals, the challenges they are facing, and their ideal customer experience. Your initial instinct will be to market to a wide range of clients in order to attract more potential customers, but to differentiate yourself you need to be brave and be more specific: in doing so you will reduce the volume of competitors. For example, when you search for ‘personal trainer’ online, you encounter an extensive list of search results. If you adjust the search to ‘female personal trainer’, you get a slightly smaller list. Then adjust to ‘female personal trainer to lose body fat’ and you again reduce the volume of the results. The more specific you are with your target customer, the smaller the field of competitors you will come up against. EXERCISE 1 Be brave and specific in responding to the following questions about your fitness business: • What is the leading health/fitness goal for your ideal client? • What is the most difficult challenge your ideal client faces in trying to meet their goals? • Describe the 5-star customer experience your target client hopes to find when working with your business. Secondly, you must be clear and specific about the products and services you will provide to your customers to best help them achieve their goals, address their pain points and upgrade their lives. In describing your brand, dig deeply into exactly how you are providing your service in a way that best matches the needs and personality of your target customer. If you are having trouble expressing your brand in a language that connects well with your target audience, the writing exercises featured in Donald Miller’s Building a Story Brand may prove helpful. 14 | NETWORK AUTUMN 2020 EXERCISE 2 • Using vivid detail and language that speaks well to your target customer, list the main products, services, and tools that your business provides. STEP 2. Research your market and competitors Can you list your two leading competitors in your market? If so, can you list the examples where you are providing a better product or service than they are? How about the examples where your competitor’s customer experience is actually better than yours? To consistently rise above your competition as the leading option in your market, you must know each of these competing businesses just as well as you know your own. Without this knowledge, it will be impossible to create a marketing strategy which truly expresses the reasons why a customer should choose your business over these other leading options. EXERCISE 3 • List the top two competitor options your target client might consider when shopping for a business like yours. Then, for each of these two competitors, consider their customer experience, their amenities, their education and their overall product offering while answering the following two questions: • What is the leading way in which they are outperforming your business as the leader in your market? • What is the leading way that you are outperforming them as the leader in your market?