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BIG FISH, little pond
by Michael Katz, Founder and Chief Penguin of
Blue Penguin
Development, Inc.
"In the land of the blind, the one-eyed man is king."
- Irish Proverb
I'm not going to lie to you -- I'm feeling pretty disappointed right now.
People Magazine just came out with its list of the “50 Most Beautiful People in
the World,” and once again, my name was nowhere to be found.
Now to some of you (by which I mean, the some of you who have actually seen what
I look like), this may not come as a surprise. After all, I'm sure you'd say,
this list is heavily biased towards actors, musicians and professional athletes,
and with a few hundred million people to choose from in this country alone, it
shouldn't be too big of a surprise to learn that I was overlooked by the
“researchers” at People.
But what if they narrowed the parameters of the list? What if instead of
looking for the, “50 Most Beautiful People in the World,” they looked for the,
“50 Most Beautiful People in Massachusetts?” I'd certainly do a lot better,
although I admit, I still wouldn't make the cut.
How about the, “50 Most Beautiful Middle-Aged Men in Eastern Massachusetts?”
Still better.
I think you can see what I'm getting at. While I could certainly improve
my chances at the World Top 50 by eating better, working out more often, getting
(extensive) cosmetic surgery, becoming a professional athlete, etc., the most
efficient way to become a winner is to simply narrow the scope of the contest.
The same goes for your newsletter. If you're not having the phone-ringing,
client-bringing, business-singing experience you'd like from your newsletter, it
may be that you've defined too large a subject area to have an impact.
Consider the following example: If you're a financial planner and your
newsletter covers financial planning in general, you're going to have a tough
time standing out from the crowd. If, on the other hand, your newsletter covers,
“Financial Planning for Female Small Business Owners in the Southwestern US,”
you will -- for this particular audience -- instantly rise to the top.
Why? Two reasons. First, because you won't have much (if any) direct
competition. And second, because members of your target audience will see your
newsletter as more closely suited to their particular needs.
Granted, if you over-niche your newsletter (or your business, for that matter)
you'll be in danger of having too small a target audience. In my experience
however, most professionals -- the attorneys writing about law; the life
coaches writing about living a better life; the consultants writing about
leadership; etc. -- are nowhere near becoming too focused.
Instead, they are way at the other end of the spectrum, bumping up against each
other in the competition to be one of the 50 Most Beautiful in the World.
I recognize that this may at first seem a bit counterintuitive (many of my most
interesting client discussions occur when I strongly suggest that a company
narrow its newsletter subject matter). Doesn't a broader topic area
give me more potential readers? Absolutely.
The problem is that you don't want potential readers, you want actual
readers, since they tend to be the ones who become actual clients. And if
you insist on staking out too broad a topic area, you'll never break into
anybody's top 50 (which is more like the top 6 or 7 when it comes to the number
of e-mail publications that a given person is going to read faithfully).
Bottom Line: In the time its taken you to read this newsletter, you and I
have already received 10 e-mails into our respective inboxes -- nobody is
looking for one more thing to read. And so while I encourage you to make your
newsletter the best it can be, don't overlook an important piece of the puzzle
-- finding a pond without many fish in it.
Now if you'll excuse me, I'm off to see if I can convince the editors of People
to run an issue on the, “50 Most Beautiful, Bald, Ambidextrous, Middle-Aged Men
Named Michael in Eastern Massachusetts.” In that pond, I may in fact have a
chance.
Michael J. Katz is Founder and Chief Penguin of Blue Penguin Development, Inc., a Boston area consulting firm that specializes in E-Newsletters for professional service firms. He is the creator of The E- Newsletter System.
**Apply this not only to your newsletters and brochures, but to your WEBSITE! While you want to clearly state that you'll help someone with all of their real estate needs, be sure you do highlight content directed at any sort of 'niche market' you wish to reach.**
Important Retraction Notice:
In our recently e-mailed January 2006 Advanced Access Newsletter, we shared some highlights of 2005 in our "Advanced Access – Year 2005 Highlights" article. In our highlight regarding our upgrade of the HomeFinder service to the new QuickHomes ® we did not specify that the 'free upgrade' was given to our existing HomeFinder users in March. This may have caused some confusion with some of you thinking that you had missed a universal upgrade. Our web version of the newsletter has been updated with the following text:
In March, Advanced Access announced a major FREE UPGRADE for existing subscribers to our popular MLS search program formerly known as HomeFinder. QuickHomes ® features loads of new product enhancements that will save time and provide advanced features for you and your clients. QuickHomes ® is available in designated MLS' throughout the country, and is offered in all areas in which Advanced Access hosts the MLS/IDX data. Click Here to View QuickHomes ® MLS Service Areas.
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