DiscoverConsulting Growth Hour41: Small Markets, Big Profits
41: Small Markets, Big Profits

41: Small Markets, Big Profits

Update: 2024-04-15
Share

Description

I ran a management consulting business for 12 years, and during that time and beyond, I spoke to hundreds of consulting business owners.


Most of them mention having a client acquisition problem—they don’t know where to look for clients, how to approach them, how to craft an appealing proposal, or how to convert leads faster.


However, upon deeper investigation, I realized that most of them hadn't considered who they served and what value they provided. ⚖


Moreover, many targeted a broad spectrum of clients and got lost in the noise. To them, a wide reach seemed crucial because it allowed them to serve a larger client base.


To me, this is a fundamental problem that almost every consultant, advisor, and fractional executive I meet faces. They often fail to grasp the power of small markets and frequently misunderstand the concept of niching down. 👎 Some remain in the same place for decades without realizing how the principle of niching down can kickstart growth.


In this session, I’ll break down my own experience, transitioning from a generalist to a specialist consultant, and establishing my firm in a small, unknown niche, executing over 100 highly profitable engagements in that specific market alone. When you choose and serve the right niche, you can:


🎯 Increase sales faster


🎯 Drive higher gross profit


🎯 Eliminate losing deals over pricing


🎯 Consistently deliver results for clients


🎯 Have dream clients WANT to work with you



To follow along with visuals, join the Consulting Growth Hub community and access all the video replays: ⁠⁠⁠https://www.skool.com/b2b-consulting-growth-6639/about⁠⁠⁠
Interested in adding $100K to 500K in new consulting revenue in 12mos?Check out our website to learn how we can help: ⁠⁠⁠⁠https://www.consultingleap.com/⁠⁠⁠⁠Follow or connect with Faheem Moosa (let me know you listened to the podcast): ⁠⁠⁠⁠https://www.linkedin.com/in/faheemmoosa/

Comments 
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

41: Small Markets, Big Profits

41: Small Markets, Big Profits

Faheem Moosa