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The BizChix Podcast:  Female Entrepreneurs | Women Small Business | Biz Chix

571: Is Your Market Saturated?

The BizChix Podcast: Female Entrepreneurs | Women Small Business | Biz Chix

Natalie Eckdahl

Entrepreneurship, Business, Management

4.8630 Ratings

🗓️ 13 April 2023

⏱️ 28 minutes

🧾️ Download transcript

Summary

Have you noticed a lot more competition for your ideal clients?

If you think your market is saturated, you may be right. 

Over the past decade, I have noticed several entrepreneurial fields becoming crowded. Areas like marketing, consulting, and business and life coaching have grown exponentially — especially since 2020 and the Great Resignation.

There are a few reasons for this growth, and on today’s episode $ix Figures Lab Coach Elizabeth Cook and I will talk about why certain fields have become saturated and how to ensure you stand out in a crowd.  

Keep listening to learn the number one mistake service-based business owners make that practically guarantees they will be invisible to their ideal clients, why the way I describe my business has evolved over the years, and how to use the Blue Ocean Strategy to laser in on your niche and specialty. 

 

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This episode was first published at BizChix.com/571

Transcript

Click on a timestamp to play from that location

0:00.0

Have you noticed a lot more competition for your ideal clients? If you think your market is saturated,

0:08.9

you may be right. Over the past decade, I have observed several entrepreneurial fields

0:15.5

becoming crowded and overcrowded, areas like marketing, consulting, and business and life coaching have grown exponentially,

0:27.5

especially since 2020 and the Great Resignation.

0:31.3

There are a few reasons for this growth.

0:34.8

And on today's episode, Six Figures Lab coach Elizabeth Cook and I will talk about

0:41.4

why certain fields have become saturated and how to ensure you stand out in the crowd.

0:49.5

Keep listening to learn the number one mistake service-based business owners make that

0:55.1

practically guarantees they will be invisible to their ideal clients.

1:01.0

Why the way I describe my business has evolved over the years and how to use the Blue

1:07.4

Ocean strategy to laser in on your niche and specialty.

1:13.3

Before we dive in, may I welcome you to the Bizchicks podcast, which has been a free

1:18.9

resource for women entrepreneurs since 2014. We help consultants, marketers, and financial

1:26.3

professionals build an enduring business, one that is enjoyable, marketers, and financial professionals build an enduring business,

1:29.2

one that is enjoyable, profitable, and sustainable.

1:33.1

Our clients are building service businesses that give them freedom.

1:36.9

They desire a business that is location independent, has a lean dream team, and provides them

1:43.4

personally with both a market-based wage and profit.

1:47.5

We coach our clients based on time-tested business models and strategies.

1:51.8

We encourage growth through referrals by building and nurturing relationships.

1:57.3

We notice and reset our mindset issues and do not let them hold us back for long.

2:02.6

We also ignore the latest business fads and social media platforms.

...

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