How To Choose Your Niche & Target Market - Successful Coaching & Consulting Secrets Ep. 7 

It's extremely important to choose a niche. If you choose to serve everyone, you will serve no one

" The Amount of Money You Make is in Direct Proportion to how well you understand your market " - Danlok.

Choose a niche, and master it. After mastering that niche, you can start learning another niche too. Great video!

This really makes me feel my age... It was a time where being a "Jack of all trades" was cool. Now it isn't. The world changes and if you don't attention and keep up, you will truly fall behind. This video inspired me today! Thank you Dan Lok!

Lately i started to be motivated and Dan Lok literally locks you with his speech. Motivation is the fuel to put you in driver's seat. You will learn when the gear is but you first need to enter the car and this, Dan does it very well (by the way when i say car i don't mean the humongous Bentley) :-)

I like your videos precisely because you impart useful information, rather than opinions or platitudes.

Dan the fact that you said people buy from specialists not generalists definitely rings a bell. That's some solid advice that I will take with me into the business world. Thank you for your advice! All your videos are amazing and inspiring. See you at the top of the food chain soon.

The talk reassured me that I'm on the right track; I need to find a way to drill down to my niche. It's okay to be a jack of all trades since you really can become a master of many if you are passionate enough. But when a customer is willing to spend money, they are looking for something specific. On their journey from feeling an itch and giving their money to you, they need to know that you understand and deal with their problem and nothing else. I still have no clue how to do it, but I have a clue now it feels for the customer when you are not specific enough for them. I'm even more energized now to figure it out. Thanks, Dan!

As a freelance copywriter, I think it's time to do an audit of all the clients I've worked with up to this point. I imagine some commonalities and trends will emerge that *might* lead me closer to a viable niche. Thanks, Dan!

Yeah, there's a great fact here. The modern world is totally dominated by specialists. Every job, we hire the expert, the one with qualifications, experience, etc. Jack of all trades get nowhere nowadays.

This really applied to me. I have 3 areas i wirk in very passionately. So I've learnt I need to focus. I need to get a good copy writer to capture my niche..thanks Dan..

You're completely right Dan, if you focus more time and effort into developing your skills and mastering a specific areas, you're much more likely to see great returns than to just be a generalist in 100 different areas. I fully agree

Finding and narrowing down my specific skill set that will help discover my niche and to use as the foundation to branch out to other lines of business and niches.

This actually applies not only in business but even at work.... I now know my bounderies.... And is now seeing my expertise .. My goal has always been to be a master of something and not to be a jack of all trade master of none... Now i realize why im stuck... And i am now ready to get up and actually get that. You are an angel. Thank you!

Thank you again for your precious advice. I for too long thought that I need to take every client to gsin money instead of being so truly honest with me to focus on the people I really want to work with

even though i have seen so many successful people on youtube giving advises, but man i've never taken them seriously and felt like the shit they were saying was just plain bullshit and im someone who take people very seriously when they try to speak their mind and especially when they try to help others, until i saw your channel not even a month ago, you're the best, man. you gave me determination.

This was perfect thanks Dan I've been stressed out trying to learn web design, email marketing FB advertising, sales funnels, seo and Google ad words. I think it's best I only master 2 of these skills

The importance of choosing your niche.Thanks Dan!

This video cleared up so many questions I had. I am all over the place and Dan Lok sums it up for me.

Yes thank you for fine tuning the focus for my success

You really know what we exactly need to know! Thank you!

Thanks for this video sifu🙏 I got this at perfect time. I know my niche and is really passionate about it but was just a little bit afraid of leaving others......now I'm all confident of being completely in my niche 😄

Look at the power of online videos. Check when this was posted Published on 3 May 2018 I see it now. WOW

Thanks Dan for this great video! I would love to see a unique video for coaches that explains them exactly how important it is to use specific "key words" to dominate their niche. Not only would it attract more of the clients they are looking for, but it could help Closers to find the specific niche their working in = win win situation ;). Looking forward to all your videos because I know for a fact that they are Always of High Quality, Full of Value and watching them over and over again, they give each and every time a different angle/perspective to the subject and it unables the growth of my capacity of thinking. Take care and bless you.

Thankx so much Dan

Sooooo true!!!

Thank you Dan, Point well taken. Focus on the market. This is why HTC can fit any market while focusing on HTC skills. A Certified HTC can be in any market of choice if the product is reputable, brings Value to the market, and has resonance with the Closer. Thank you Nick

im really loving this series, you explain these concepts very well, learning something new everytime

Thanks you to share valuable knowledge EVERYTIME

Thanks. Specialize. It's essential.

That ‘zoom in’ reaction made me laugh haha nice one Dan

Choose your niche, Specialize, (HTC group 3), Thank you

Great video Sifu!

Thanks King

I like Dan's no nonsense approach in this video. Thanks!

AMAAZING 🔥

I subscribe you, after watching this video only. Too good indeed.

Exceptional. We only focus on Closing Sales.

I am convinced that you seem less "special" when you get yourself ready to do anything to land a contract. I have just had a prospect asking me to review the work of one of my competitors. We did not agree on a deal together, he has chosen another company but he still wants me to double-check the work. It might be because he has better trust on my Expertise.

There's riches in niches!

Getting more value in 2020, Thanks Sifu

Thank you Sifu, I was not sure about my niche but today you just made it so clear for me. I will be rhe expert of my niche💪🏾💪🏾💪🏾

yesssss this topic gonna help me a lot thanks dan

Always go for the best and analyse the market . Also be consistent

I learnt that: Focus is Important to Grow and Earn. Explore -> Focus ->Explore -> Focus..and so on. How much you Earn is Directly Proportional to How well do you understand your Market. You want to be Seen as an Specialist because you too want an Specialist NOT a Generalist when it comes to Solving Specific Problems. This is Not Narrow Mindedness, this is Focus.

Thanks really good description on how to narrow it down much appreciated

really great content...

Very informative

Great video Dan! Making your niche very specific makes overall decision making much easier.

I love thiss!!! I was all over trying to do everything but I want to be a master at one thing!! Thanks

Hi Dan, please make a video on how and what is the role of dressing, when if you are cracking a deal? And, its honor to let you know. I've cracked such great deal yesterday.

Thanks for the great video. It helped me to understand what I do wrong 😊

Good tips

MY niche is counseling. I am study abroad consultant. I convince the clients to pay me more for my company.

Dan sir your video are very unique and powerful.

I like the zoom-in on Dan at 6:33

Hi Dan! Could you do a video about how to connect with clients in the art market. I do 3D modeling and I would like to know how can I find high value clients to provide them with my 3D models and 3D renders. Thanks

This video slapped me in the face to transform more people's lives

Thanks for the strategies.

YOU ARE MY MENTOR .CAME TO BULGARIA .

It is very useful one to understand take a decision on niche selection

Ohhhh..yeah I am thinking generalist.. thank you. I'm new so all of it is exciting LoL

Great info as normal Dan. I was a plumbing and heating engineer for 12 years but now specialise in House repair and maintenance. I have always been put in the bracket of jack of all trades purely because of my life style choices I made along the way. To be honest I'm tired of using my physical body and hard working hands, working for a hourly rate. I would like some information on what would be the best way/option to invest my next 40k?

Wow!

Dan, you're absolutely right. Would like to work with you

I've picked a niche but dont know how to talk to my niche. I want guys to be more open about feelings in general and combine this with finding your passion, the thing you want to strive for. But in general guys dont want to be open straight away and maby i've chased them away by typing quite open messages about me and other things.

Great video Dan. It does a great job of explaining the "Why" but it doesn't discuss the "How". Any feedback on how to determine the "How?"

i think its good to have a broad basic knowledge in a field but then dig down in a niche.

Very good point of view, but what whappens when you live in a country where there is not such a luxury to focus on specific niches? How do you handle those situations exept coming to the usa?

Hi Dan. Do you have this full workshop available for people to buy?

I subscribed, and I also featured you in my last video.

I asked my friends to tell me what they believed or saw me to be good in and when they told me I judged from there too

You need a niche to succeed greatly

What about related niches? I know someone who teaches online how solar power can make u money but also teaches a vision for the future in terms of energy and sustainable development.

I crack up everytime the camera zooms to Sifu's face 😂😂

master one Niche and then move forward with a second one the main point is to show your clients your knowledge of that niche and what you can do instead of showing your interested in their money that the confident you show them and they will do business with you

HI

I'm in the niche healthy nutrition & sport. But i dont know how to specialise, so i can create a consultation/advice to help people in this area...

Came for the martial arts, stayed for the sound business advice.

Niches get stitches

nice editing tho. great content btw.

Dan. Your videos are amazing. I think I understand the importance of being a specialist and have a niche, but I may miss the “how” to find the niche...I’ll reply again!

Thats what im about to do. Maybe i could keep closing deals from different companies. Til im very sure that it is the perfect nitch. Maybe somebody has a better opinion here

but many company in the uk dont want to hire anyone with one specialty sometimes

Unbelievable that he is giving this information for free. So valuable!

I'm an online business manager, which of course covers all areas of business, so how can I niche down?

I am a new beginner on copyright. How can I get my niche right?

can anyone help me with finding out my niche I have interested in Financial freedom and how can I choose My niche from that?

Basically all season tires vs. 1 season tires

Dan. How can someone follow a well established step by step plan to, have a very strict defined niche and a view of its potential? I will appreciate your response as soon as to have a second to reply. Thank you very much.

Specialists are in demand. Is what I see from this video.

How to position yourself as a go to person

what tools you use or a combination of tools you use to correctly assess a niche?

My niche will be teaching other people speaking and LISTENING to English, for only teenagers

Hi Dan. Grt video. However, how do v attract clients that fit our niche?

Which niches would you recommend staying away from?

Hi Dan. Interesting clip. I've suffered from the Shiny Object Syndrome and, unfortunately, it took years to find that out. Now, the first thing I did was disassociating myself from that negative image in the market. Being a former Olympic swimmer, and having obtained my Bachelors degree in Mass Communication and Effective Public Speaking, I establish an entity that focuses on developing those 2 skills for teenagers. My question is.. Would this look OK in terms of being focused and having a specialty from the market's point of view? Or would it look as if I'm trying to master everything? I intend to launch in Jan 2019 and at the meantime am doing the necessary planning, company setup and consultations. Sorry for my lengthy question.

How to find a perfect business field as a newbie. With and without investment.

I have definitely been guilty of this - trying to be a jack-of-all-trades - just because I wanted the money or some job. For example early on when I tutored I took on all sorts of subjects - biology, maths, chemistry, physics, economics - etc. My flawed generalist mindset and lack of commitment is probably why I haven't been able to grow tutoring beyond a $300/week side-job in 7 years of doing it.

I learn from this video that don't fly extreme level in the sky because much upper level hasn't oxygen.😮