A daily email about monetizing your corporate expertise. Give me ~1 minute a day, and I'll help you turn what you know into your most differentiated and lucrative asset.
Great question came in yesterday about how to identify the âlocalized painâ of your target client. The simple answer: just ask them. â Iâll explain - and since weâre talking about pain, letâs imagine youâre a doctor: â A patient comes to you because something doesnât feel right. They may not know what the root cause is⌠(Though they may have tried to self-diagnoseâŚ) They may not know what the remedy is⌠(Though they may have tried to self-treatâŚ) In fact, theyâre very possibly coming to you in the first place because trying to take care of it themselves has not worked. However, what they do know, intimately and exclusively, is what their pain feels like in the moment. Only after they tell you what hurts can you leverage your expertise to diagnose the root cause and offer a remedy. â Letâs put this in our context. Youâre an expert in your domain (people ops, product strategy, sales coaching, etc.) Youâre aware of common problems that teams or individuals in your domain have. Youâve worked through many of them firsthand or via work with prior clients. All in all, youâre a well-educated and experienced âdoctorâ of your domain. â But you canât go out handing out prescriptions to people on the street, assuming you know whatâs wrong with them. Rather, thereâs an entire population out there of teams and individuals in acute pain. Perhaps from problems youâre aware or. Or perhaps some that you arenât. Either way, you can likely leverage your expertise to diagnose and help them. If you just ask them what hurts. â One of the most effective ways to do this is through 'market discovery' conversations. These are informal conversations you have with people in your network that are either within your ideal client profile (ICP), or tangential to it. Importantly, you should frame invites to these conversations as purely informational. Having a conversation outside of a sales context allows the person to speak freely without feeling like they're about to get sold to... And also allows you to focus on listening for pain points rather than formulating a commercial solution. This doesn't need to be complicated, just ask:
Then, you just listen. đĄ -Wes |
A daily email about monetizing your corporate expertise. Give me ~1 minute a day, and I'll help you turn what you know into your most differentiated and lucrative asset.