|
Why Should You Market
Yourself as an Expert?
Copyright 2003 Cathy Stucker
You may think that marketing yourself as an expert has ego
benefits, but won't really help your business. However,
expertise has almost unlimited profit potential.
First of all, you will attract new customers to your
existing business. People like to deal with the best. When you
are known as the expert, you are the best, and customers will
seek you out. As your reputation grows, you may find that
you have more business than you can handle. That's a good time
to raise your prices. You can work the same hours (or even
fewer) and make more money. Beyond your current business,
you will have the opportunity to create new profit centers
with your expertise. Many companies that have discovered new
processes or procedures, for example, have created new profit
centers where they teach the process to other companies that
are looking for improved results. Some of your new
profit centers can include passive income streams. These might
include publishing books and audio programs that can be sold
through retailers, ebooks and special reports you can offer as
digital downloads, and getting royalties when you license
something you created. If you need to raise money for a
business venture, you may find it easier when you have an
expert reputation. Bankers and venture capitalists consider
the background and reputation of the principals when investing
or lending money. And, being an expert is fun! It's a kick
to read about yourself in the newspaper, see yourself on
television, hold the book your wrote in your hands, and enjoy
the respect of others. It doesn't have to take years to build
your expert reputation. You will start seeing results in just
weeks or months.
Back to Experts Page
|