How I Pick Which Niche To Buy Companies In [Vid 2] | Summary and Q&A

TL;DR

Learn how to choose the right market for your offer to ensure conversion and success in your business.

Key Insights

• 😌 Success in converting sales lies in being in the right market with demand for your offer.
• ❓ The three levers of success in choosing a market are the market itself, the offer, and the ability to persuade.
• 😄 When picking a market, consider the pain level, purchasing power, ease of targeting, and market growth.
• ☠️ Niche down your offer to target a specific avatar and their unique problems for higher conversion rates.
• ❓ Persuasion is crucial in a normal market with a normal or subpar offer.
• 🧑‍⚕️ Understanding the three main markets (health, wealth, and relationships) helps in finding a sub-market to target.
• 🧑‍🏫 When targeting a niche market, your goal is to make the prospect feel understood, not simply teach them.

Transcript

what's going on everyone my name is alex shirmozzi i'm the ceo of acquisition.com we hold up before those companies and we work with three to ten million dollar companies to help them at minimum uh three to ten million to help them scale and exit uh in three to five years so that they never have to make another dollar again the reason for this trai... Read More

Questions & Answers

Q: How do I know if my offer is not converting because of the wrong market?

If you are not getting sales, it may be due to being in the wrong market. Assess if your market is thriving, has demand for your product, and if you have targeted the right audience.

Q: What are the three main markets to consider?

The three main markets are health, wealth, and relationships. Each market should be further narrowed down to a specific sub-market to target a unique audience and their specific pain points.

Q: How can I make my offer more compelling in a niche market?

Niche down your offer to target a specific avatar and solve their problem in a unique way. By articulating their problems better than they can, you establish yourself as an expert and justify a higher price point.

Q: How important is persuasiveness in a normal market?

Persuasion becomes crucial in a normal market with a normal or subpar offer. To succeed, you must excel at persuasion. However, it is advisable to find markets where demand outweighs supply to eliminate the need for exceptional persuasion skills.

Q: How do I know if my offer is not converting because of the wrong market?

If you are not getting sales, it may be due to being in the wrong market. Assess if your market is thriving, has demand for your product, and if you have targeted the right audience.

More Insights

• Success in converting sales lies in being in the right market with demand for your offer.

• The three levers of success in choosing a market are the market itself, the offer, and the ability to persuade.

• When picking a market, consider the pain level, purchasing power, ease of targeting, and market growth.

• Niche down your offer to target a specific avatar and their unique problems for higher conversion rates.

• Persuasion is crucial in a normal market with a normal or subpar offer.

• Understanding the three main markets (health, wealth, and relationships) helps in finding a sub-market to target.

• When targeting a niche market, your goal is to make the prospect feel understood, not simply teach them.

• Niching down your offer allows you to charge higher prices and establish yourself as an expert in solving specific problems.

Summary & Key Takeaways

• The success of your offer depends on the market you choose; ensure you are in a thriving market with demand for your product.

• The three levers of success in choosing a market are: the market itself, the offer, and the ability to persuade.

• There are four crucial variables to consider when picking a market: pain level, purchasing power, ease of targeting, and market growth.