Archives For change

Be A Contrarian

February 15, 2012 — Leave a comment

Wikipedia defines a contrarian as a person who takes up a position opposed to that of the majority, no matter how unpopular.

If you are in business, it is important that you be a contrarian.

I had a conversation recently with a client who was asking about other things she could do to improve her marketing in addition to the online strategies she already has in place. When I mentioned direct mail marketing, her first response was – “I didn’t think anyone does that anymore”.

My response was – “That is exactly the reason you want to do it!”. She has a very targeted list, which is important, and makes a few thousand dollars from each client. So for under $100, she can do a small direct mail campaign and probably get at least one client for her efforts … if she has GREAT copy for her campaign.

By “great copy”, I mean something targeted and written specifically to her target audience. It will be a one-page personalized sales letter written in a way that gets the recipient to take action. It can’t be something like the junk mail most of us receive everyday. And it has to be more than a postcard like everybody else sends.

Another example that comes to mind is from one of my many mentors. He beefs up his business and marketing in December when most people are saying – “Nobody does business over the holidays”. He generates a seven-figure income for his efforts because he is a contrarian and does the opposite of what most of his competitors are doing.

So think about new strategies you can put in place to enhance what you are already doing. Do the opposite of what your competition is doing and watch your client base grow along with your bank account.

Is your current business model still working for you?

It’s easy to get stuck in a rut in your business if you are not aware of current market trends, and if you are not listening to your clients.

Dealing with technology requires that I stay on the leading edge of everything that’s out there. This involves reading a lot of books, being involved in social media, attending seminars, research on the internet, and doing anything else I have to do to stay up-to-date.

My business model is constantly changing as I find new services I can offer and new ways to help my clients market their products and services.

That doesn’t mean I lack focus. It just means I am in an ever-changing industry. Even if my business model changes, my focus is still helping my clients market their products and services so they can make more money.

So is your business model ready for a change? Do you need to learn a few new skills, read a book, or get more training to update your skills? Do you need to offer your clients a new product or service?

In today’s world, you cannot afford to stay still. You have to keep growing, keep learning, and keep providing more value for your clients. And you need to adjust your business model accordingly.

So take some time today to really take a serious look at your current business model. Is what you are doing now working for you?

Are you generating the income you need to sustain a successful business? If you are not, then it may be time to update or modify your business model to better serve your clients.