Yesterday,
we got our first snow of the season here in New Jersey.
It reminded
me of being a teenager and making money when we received a decent snow fall.
Like many
teenagers, my friends and I would grab the shovels from our parents’ garage
(when they were finished with them, of course), and hit the neighborhood to
shovel our neighbors’ driveways for money.
Because
most kids were out sleigh-riding, there wasn’t much competition. So we would
stay out until dusk working our butts off and making some extra cash.
Our
strategy was simple:
- Find the homeowners who hadn’t yet shoveled their driveways and walkways.
- Knock on the door with our offer.
- Shovel for a couple hours.
- Collect cash and move on.
With this
strategy, we kept busy all day. In
retrospect, we definitely didn’t charge enough. But, as a
teenager, making a hundred bucks in a day was pretty good. So we were
more than happy.
Until we
realized that the older kids were making twice the money in half the time.
They were
more experienced and had a better strategy.
It’s not
that they could shovel faster or negotiate better. They had a
different, and far more profitable, target market.
Instead of
knocking on the doors of homes with un-shoveled driveways, they approached the
homeowners who were already out shoveling.
Why?
These
homeowners originally decided to do it themselves, but were now halfway through
- cold, wet, tired, and exhausted.
The project
was likely taking them longer than they had expected, and they just wanted to
be done.
So this
older group of kids would swoop in at exactly the right time and relieve the
homeowners of their pain.
They would
charge more (because they were solving a real pain, not just a problem) and
they had less shoveling to do (because the homeowners were already halfway
finished).
These kids
were smart.
They had a
higher quality target market.
They
realized that every home was a prospective customer, but their target market
produced a much higher return on their investment.
So what
does this have to do with your business?
I talk
frequently of identifying your ideal clients and prospects. There are
clients in your target market that will propel your business forward more than
others. These are often the clients
you’re able to add the most value to.
Your job is
to define this target market as soon as possible, so you can grow your business
with less time, money, and frustration.
If a bunch
of teenagers can figure it out, so can you.
If you’re
looking for some clarity in this department, let’s talk.
Don’t stop
working just because it’s December.
Now is the
perfect time to plan for your breakout year in 2014.
Here’s the
link to schedule a call:
~ Joe
Joseph
Hughes
Target
Market Finder
Contractor
Dynamics
1-732-733-2390
________________________________________________
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- The Customer Care Connection - How Roof-A-Cide® can Enhance Your Company's Profitability
- Top Ten Reasons Why Professionals Use Roof-A-Cide®
- Roof-A-Cide® IS NOT About Roof Cleaning - It's Better
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