Do you still believe that you need to niche down to be successful in your business industry?
I hope not, but if you do I’m going to break down why this whole concept of the riches are in the niches a little bit BS.
I’m Celi Arias, and I’m the founder of the Grown Ass Business Method—the no-BS-truth to growing a business and scaling a business the easy way.
Now for this niching business…
GIMME GUIDANCE TO NICHE MY BUSINESS
How did niching down become a thing?
It should be said that a lot of business gurus wrote this concept in books and content early on, and it spread like wildfire. So everyone was coaching and teaching this concept that you have to niche down in order to grow your business at all.
Why would business coaches do that?
Well, because it makes their job easier.
If I am coaching you and you are super specialized and specific about who you help, how you help them, what your one messaging statement is, what your one product is… You’ve just made my job a lot easier! And then—I’m a genius, right?
Of course, it is absolutely easier in many cases to niche down—but that doesn’t mean that you have to. And it doesn’t mean that that’s the only way that business works. It’s just easier on that coach or marketer.
Why does it make it easier to niche down?
Clarifies Messaging:
If you were speaking to one product, one audience with one clear message over and over and over again, it makes your whole marketing funnel focused and simplifies your messaging.
Tracking Metrics:
It makes it easier to measure what’s working and not working and easier to tweak.
Makes You More Findable Online:
It also does make SEO and online visibility easier. You’re always targeting specific keywords and a specific audience who plays in specific places.
Establish Expertise:
And it makes it easier to position yourself or your product as the go-to expert person or product.
Okay, so yes, it is easier.
But Niching Down Is Not the Only Way.
If you are a person who is deeply frustrated with being pushed to niche, I just want to let you know there are some other ways to think about this.
Niching—if you think about it in a visual sense—is all about picking a silo and going deep.
That is one way to do it. You’re picking your ideal customer, the product, the pricing, where they play, where they hang out, the marketing and the messaging and positioning, and the sales process that’s gonna work for them. We just go deeper and deeper and deeper down this one rabbit hole. Amazing.
Another way to do it is to niche horizontally.
What if you had one product that serves a lot of different silos on a horizontal line?
And this could be a service or product.
Shoes are a product that serve many different types of people. A great example of this is the recent phenomenon with On Cloud Shoes.
Very cool brand. Did you know that it’s actually meant for runners only? It was designed and made to be a very light lift shoe for runners.
They’re not meant to be used for walking around in the city. They’re not meant to be used for standing around a lot if you are a waiter or a chef or somebody or a nurse who’s on their feet a lot.
But somehow they’ve managed to become so cool and trendy across those different industries that this running shoe that’s talked about as being so light and comfortable is now across industries being used by many different people.
There are many different ways to niche!
And you could actually niche horizontally if you have a product that serves different people.
This is also true for software. It’s almost like saying if I were to make a particular project management tool or an email tool but it’s only for dentists. You would look at me like I’m crazy and I’m losing out on all this market share—and you’d be right!
So you can think about niching in the traditional sense that is being taught most often in a lot of the business coaching books and by online business coaches.
Does it make your life easier? Absolutely.
Does it make their life easier? Absolutely.
That is vertical niching down, thinking about your silo that you want to play in.
If you are a person who might get really bored speaking to only one person forever—because remember, we’re building a business that’s going to last you for 20 to 25 years—you better love it!
You better love what you’re doing.
How to niche down the best way for your business…
If the thought of talking to the same person forever bores you to tears, can you take your skill or tool or product and flip it on the side and do a horizontal niching?
For example, my tools in the Grown Ass Business Accelerator and my software serve many, many, many, different types of business industries.
The metrics that we look at are relevant not only to online business owners, but to brick and mortar stores, physical products, and other kinds of businesses.
And I’m very clear about the types of businesses that it doesn’t serve, but it can serve many types of businesses.
Many of my colleagues think I’m crazy for saying that and that I should niche down. And I always explain to them, no, I’m niching horizontally. I’m serving an audience of different business owners with one tool that does things they need.
Ask yourself…
How can you think about this if you are a multi-passionate entrepreneur who just cannot stand the thought of serving one person with really one messaging and one product forever? How can you think about your tool in a way that it could be horizontally niched? How can this one service skill or tool that you have serve many, many different people like the On Cloud shoe?
And remember this, in many product-based businesses, one of the best ways to start in a product-based business is to do one product really well.
- Skims did this.
- Spanx did this.
- Lululemon did this.
They were known for one particular item that did really well.
And then they very quickly expanded into not only other items, other clothing items—and even other product categories!
So you can also do this same type of thing.
→ “Maybe I’m doing this one thing right now, this one service right now—but how can I also create so much success with this one thing that I move myself across the board and add products over time?”
This type of thinking will allow you to use your core strengths and skills and test new products, new offerings, new services over time. And do it based on what you’ve already done well, which is another interesting way of thinking about who am I without having to niche down to being one person all the time to everyone.
So I’m curious…
If you completely disagree with me, cool. Let me know in the chats.
And if you’ve answered the question: “How could I turn this on its head and think about niching horizontally?” → let me know as well!
Come back again soon! So we can keep talking about all these fun business things.