If You’re Going to Stay at Home Anyway...
Feb 20, 2020Are you adventurous?
Then join me in a little journey on how to make your teaching work in a new niche. First, it helps to have some math to lean on…
First, a definition. In ATSuccess our most successful teachers are those who elected to markeach Alexander's Discovery into a niche. What is a Niche?
A niche is a group of people in communication together about something they love doing. Musicians, Yoginis, Martial artists, golf players – all examples of a niche.
Choose yours, then...
The formula for figuring out your niche’s profitability is based on the Pareto principle, named after Italian economist Vilfredo Pareto. He observed in 1906 that 80% of the land in Italy was owned by 20% of the population.
So, with no other basis to go on, this is a time-proven - but slightly wobbly - basis to plan if your niche can be a success. (Let’s assume you already have some ideas for your niche.)
What are the total number of local people in your niche?
Assume that only 20% of that number is yours to enroll.
So if your niche has 15,000 people in your local area, only 3,000 of them would ever take sessions with you. 1% of these (30 people) will be easy to enroll – a website, some well-placed flyers and networking will draw them out.
This kicks off your cash flow. You’re in business!
The next 4% (120 people) are harder.
You will need to be outgoing to capture them. Blogging, encouraging referrals, turning up. Still possible. Together this 5% gives you essential survival, but it’s still a bit of a hamster wheel. Many teachers live in this space, maybe you.
A successful, sustainable teaching practice is created by capturing that final 15%.
This is your real work. Think of a reluctant lover: (s)he needs a lot of persuading, but feels charmed to be wooed. You will need all your marketing and selling tools to bring them on board…
- USP
- Brand
- Websites
- Clear CTA
- sales pages
- Social media
- Facebook Ads
- landing pages/Optins
You may not know half of what all that is – welcome to the world of the 15% adventurers. At ATSuccess, that is what I help you understand and apply. Introduce you to a new, exciting universe where your chances of success increase exponentially!
Most AT teachers, in my reckoning, capture that first 5% and give up. For lack of knowledge, not spirit. Ignorance forces them back into their old job, or a different career. Or they are still in the hamster wheel, living hand to mouth, worrying about the future.
Instead take on that 15% where your successful career can thrive.
You need strong, conscious intent. AND SUPPORT.
https://atsuccess.com/foundations
Starts now while things are not so busy, and you can stay safely at home.
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