Four’s A Charm?
How do I set my four businesses apart from the competition?
Question: I'm
starting a tour booking/bookkeeping/secretarial/translation
business and have lots of local competition. How do I show
customers I'm different from the rest?
Name withheld
Via e-mail
Answer: That's
four businesses, so you can eliminate lots of competitors right off
the bat by choosing just one of them. An even better reason to
narrow the number of services you offer is to avoid the "Jack
(or Jill) of all trades and master of none" label. Web surfers
also have trouble when they visit a Web site that covers a
potpourri of businesses: Even if you make a favorable impression,
surfers may not remember exactly what it is you do.
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Besides choosing just one service, a key to differentiating
yourself from others is specializing even further. Assuming the
tour booking service is your primary interest, you could serve a
segment of the population, such as senior citizens; people with
disabilities; or people with particular interests, such as Japanese
antiquities or Indian ceremonial sites. Ideally you should cater to
a market you know something about.
Another way to specialize a tour booking service is to focus on
a type of travel, such as by train or to remote locations. Or you
might help people visit the locations of their ancestral origins or
their special interests, like the birthplaces of French
Impressionist artists. This way, you not only acquire the
credibility associated with a specialist, but you more easily
identify and market to potential customers. You can advertise in
specialty publications (usually at lower rates than in large
circulation publications), rent mailing lists and create a Web site
with meta tags likely to be picked up by search engines.
While there are a few exceptions to this specialization
strategy-B2B services possibly being one of them-you should be able
to narrow down your idea to broaden your business's chances of
success.
Small-business experts Paul and Sarah Edwards' latest
book is The Practical Dreamer's Handbook(Putnam
Publishing Group). If you have a question regarding a start-up
business issue, contact them at www.workingfromhome.com or
send it in care of Entrepreneur.