jackie b. peterson | the fantastic power of focus
DESCRIPTION
Jackie Peterson talks about how to use focus to increase the income streams for solo pros.TRANSCRIPT
The Fantastic Power of Focus
A Presentation for IASECPMarch, 2010By Jackie B Peterson
Jackie B Peterson www.Bettersmarterricher.com 2010 All Rights Reserved
What is Focus?
Concentration on only one aspect of your creative endeavors
Let go of any “Side Business” that deflects your time and attention from the work you really want to do and the creative work that you expect to support you!
Jackie B Peterson www.Bettersmarterricher.com 2010 All Rights Reserved
Why is it Hard to Focus
Fear Might make the wrong career choice You worry you are not “good enough” Part of your past programming says
“you’re not good enough Take path of least resistance to have
immediate money
Jackie B Peterson www.Bettersmarterricher.com 2010 All Rights Reserved
Why is it Hard to Focus?
As a creative you see possibilities everywhere and in everything
You love the excitement of starting things more than the hard work of building something deeper over time
Everyone you know has two or three jobs- you are sure that must be THE way to go.
Jackie B Peterson www.Bettersmarterricher.com 2010 All Rights Reserved
What Happens if You Do Not Focus
You miss opportunities to do what you really want deep in your heart.
You confuse people about who you are and what you do.
You tell people you are definitely not an expert at anything.
Jackie B Peterson www.Bettersmarterricher.com 2010 All Rights Reserved
How do I know what to focus on?
Probably you are good at many things But
About what are you truly passionate? At what are you really, really good? Where is there a market today? Where is there also a future market as
well?
Jackie B Peterson www.Bettersmarterricher.com 2010 All Rights Reserved
How do I know what to focus on?
Use the exercise in Chapter 1 of my book (you can download at web site for free!) www.bettersmarterricher.com
Think about your talent very honestly. What are you REALLY good at (not just ok) where do you excel?
Jackie B Peterson www.Bettersmarterricher.com 2010 All Rights Reserved
How do I know what to focus on?
Then think about what work excites you?
What do you turn to first – almost no matter what?
What are you passionate about?
Jackie B Peterson www.Bettersmarterricher.com 2010 All Rights Reserved
How do I know what to focus on?
Next do some research- is there a market in this area?
Are there people making money at this?
Look to the future- does it appear that there is going to be a market here for a long time?
Jackie B Peterson www.Bettersmarterricher.com 2010 All Rights Reserved
HOW TO FIND FOCUS
Passion For
Makes Money
• Use a Venn Diagram to find the place where your passion, money and skill intersect.
The intersection is where you should focus your business.
Good At
Jackie B Peterson www.Bettersmarterricher.com 2010 All Rights Reserved
Benefits of Focus
When you focus your career, you exude clarity and certainty- others are attracted to hiring you.
With focus you narrow the competition
With focus you concentrate your efforts and attention- you get better at what you do.
Jackie B Peterson www.Bettersmarterricher.com 2010 All Rights Reserved
Benefits of Focus
Focus is the basis for becoming an expert and developing a niche
Focus helps you direct your time and attention – the most scarce of resources
Focus helps others refer you- they are clear about what you do.
Jackie B Peterson www.Bettersmarterricher.com 2010 All Rights Reserved
Does this apply to you?
Have you lost work because you have not been willing or able to choose one career path?
Jackie B Peterson www.Bettersmarterricher.com 2010 All Rights Reserved
Once you have a focus, create a niche
Finding your niche takes even more work
A niche is any special service you offer or any special target customer you serve
A niche makes you the “go-to” expert A “go-to” expert can command a
higher price
Jackie B Peterson www.Bettersmarterricher.com 2010 All Rights Reserved
Generalist vs. Specialist
Generalist is open to competition at every turn and every level
The generalist is often thought of as a commodity
Commodities are priced at the lowest possible price
Jackie B Peterson www.Bettersmarterricher.com 2010 All Rights Reserved
Specialist vs. Generalist
Specialist has a deep and narrow nice which drastically reduces competition
Specialist has taken time to learn the language of the niche, and all the details of that niche
Specialist becomes the expert that others are seeking
Jackie B Peterson www.Bettersmarterricher.com 2010 All Rights Reserved
How to find a specialty
Think about your area of work Ask:
Is there some part of my work that very few do?
Is there something that distinguishes me from others in my craft?
Is there some trend I see forming- creating a demand that is not yet filled?
Jackie B Peterson www.Bettersmarterricher.com 2010 All Rights Reserved
How to find a specialty Is there some part of my work for
which clients are willing to pay a premium?
Is there some part of my work for which there is no other expert except me?
Is there some part of my work that I love and where others refer me, and I get great satisfaction?
Jackie B Peterson www.Bettersmarterricher.com 2010 All Rights Reserved
Some stories of niches
Ann Woodworker Specialized in wood sash windows Found a niche in historical buildings Narrowed the niche to buildings built
before power tools Found a market with historical
preservation societies
Jackie B Peterson www.Bettersmarterricher.com 2010 All Rights Reserved
Some stories of niches
Lucy Photographer Children only Black & White- Film Focus on the art of the portrait Focus on fantastic presentation- frame,
matte, delivery etc.
Jackie B Peterson www.Bettersmarterricher.com 2010 All Rights Reserved
Seems so Logical; What is the resistance?
Fear of letting go Fear of getting too narrow Fear of getting bored Fear of choosing wrong Fear of failure- poor research, more
competition than thought, not good enough.
Jackie B Peterson www.Bettersmarterricher.com 2010 All Rights Reserved
Benefits
People understand what you do- which means they can help you find customers and projects
Marketing is much easier You can command higher prices Reduced competition Life is less stressful!!!
Jackie B Peterson www.Bettersmarterricher.com 2010 All Rights Reserved
A few more words about focus and niche:
No matter what, you cannot ever just go to sleep and stop paying attention to: Your customers, your competition or your market
Everything is in motion all the time. You must be paying attention so that you can make minor adjustments to what you do to meet market demand
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