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27. A Niche is Not Enough: Where Demand Actually Exists

27. A Niche is Not Enough: Where Demand Actually Exists

FromCycle Breakers & Money Makers


27. A Niche is Not Enough: Where Demand Actually Exists

FromCycle Breakers & Money Makers

ratings:
Length:
37 minutes
Released:
Apr 3, 2024
Format:
Podcast episode

Description

There is more to creating demand than "picking a niche." The question is - how do we know that people want it and are willing to pay for it? This is why demand doesn't come from picking a niche, it comes from CREATING it (through thought leadership). As a lifelong marketer, I helped companies across the world understand why something was or wasn't selling, and whether to change the product vs change its messaging in order to create demand. For example, a tech startup accelerator would never say "pick a niche." They'd tell you to look at the market and at what consumers were doing, saying and complaining about. That's how we proved to investors that demand existed before we even created a new product or service.So why is it that "pick a niche" seems to be the beginning and the end of the conversation in the online coaching space? Demand actually comes from 3 things: Being better than your competitors Being different from your competitors in a way people are willing to pay forServing a gap in the market, which means you really have no strong competitors.This is why I'm so big on thought leadership. Because in order to see the missing gaps, you need to be paying attention. The people that make the most money are those who think about their people A LOT. And once they spot a gap, there is less competition.In this episode I am going to share:1. How to find the unmet need or a gap in the market2. Why demand exists in the gaps, and how solving for gaps make customers less price sensitive.3. Why solving for gaps solves for imposter syndrome and self doubt bc you truly have no competitors. 4. How to stay in your lane to not second guess your thought leadership This is what I mean when I say you don’t need to post more. This is what I mean by creating demand peacefully. Visit the Reclamation page on my website. Doors open on May 15th and I want you to ask any questions that are popping up for you right now! Connect with me: WebsiteInstagramLinkedin
Released:
Apr 3, 2024
Format:
Podcast episode

Titles in the series (40)

Welcome to Cycle Breakers & Money Makers - a podcast for daughters of immigrants and WOC who are breaking cycles in their family by going places no one before them has gone. Join me, Mariela De La Mora, as we dive deep into what our community needs to break free from operating in survival mode, to lead with confidence and make more money doing it. Each week, we will dive into business, mindset and leadership coaching that is focused on the lived experiences of First Gen. Because let's be real - daughters of immigrants need to be coached differently. As the eldest daughter of immigrants, I have personally broken cycles and helped over 100 women do the same. I left a 16 year career as a Marketing Executive where I was the only WOC in the space, to now coaching 6-7 figure CEOs and high ranking women at organizations like Google, Microsoft and the United Nations. Using the tools I teach, I've since built close to a million-dollar business as a single mom. What would the world be like if more First Gen women lived life at the top of Maslows hierarchy of needs? With each episode, I hope to move closer to that reality. We’ll cover topics that will help you become an unstoppable, badass, money-making leader who knows her worth and has the receipts to show for it.