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Yoon Cannon,
Paramount Business Coach
Phone (215) 292-4947
email: yooncannon@
ParamountBusinessCoach.com
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Tuesday, August 16th, 2011
4 Smart Reasons Why You Should Build Your Expertise
Is business a little slow for you right now?
Most people naturally think they should do more marketing to pump up more business. But, doing more marketing alone will not necessarily lead to more business. The message in your marketing has got to stand out in what I call your WOW factor.
Finding your WOW Factor is about knowing what you’re selling. A lot of business owners and sales reps try to sell the wrong thing. If you’re a mortgage broker, the logical thing to do is try to sell mortgages. If you’re a web design company the logical thing to do is try to sell websites. If you’re in the technology industry, you might be trying to sell video conferencing. But, these are all commodities. Your business can be transformed by simply shifting your focus on what it is that you’re really selling.
If you ever registered for one of my WOW Factor webinars or seminars in it I have shared 6-8 different ways you can position your WOW Factor. One of those was by being known as the expert in your field. I show you HOW you can find your own WOW Factor (in my Marketing Action GROUP Coaching Club), but first you should also understand the WHY?
Here’s 4 outcomes that happen when you become the known expert in your industry:
1) You convert a higher percentage of clients because they already trust you, know you and like you. If you aren’t already tracking your closing ratio, you should start implementing this as a standard weekly practice. For those of you who are tracking this, I want to share that it is not uncommon for me to hear about 30% closing ratios and even as low as 10% — yikes! That means that you’re spending all those hours preparing proposals and scheduling follow up meetings only to strike out the majority of times when you’re finally up at bat. If your prospect, who is expressing interest in possible doing business with you, already knows and has confidence in your expertise they’re already 80% sold on you before they even raise their hand. So, you’re already at 3rd base by the time they call.
2) You spread greater scale of word of mouth. I was in NYC this past weekend visiting old friends. You know, I can’t tell you how many times in a 3 day period I heard one of my Manhatten friends share that that X is the best bakery in all of NYC, and X is the only doctor they would recommend in all of NYC, or X is absolutely the best Physical Therapist in NYC…. All I could think was wow, I’m so impressed these business owners sure did an effective job at building their expertise!
3) You convert a higher percentage of new referral clients. So, on my NYC visit I inquired about how our friends’ health has been. Our friends (both the husband and the wife) suffered a long, arduous recovery with lyme disease. They both practically recited a thesis on how much they owe to their one doctor and how he is the only doctor who is the only go-to expert when it comes to lyme disease. Well, it’s also no surprise, that I also find out how many of their friends in their lyme-ridden Long Island community have also ended up going to see Dr. X…. so whether you are an expert solving a specific health problem or you’re an expert in solving a specific business problem, building your platform of expertise rapidly spreads strong word of mouth referrals.
4) You make it easier for others to refer you to their following. Don’t forget that people not only ask their friends and trusted advisors, “Who do you recommend that …”, but the second and more important question they follow that with is “WHY do you recommend that person?” … Are you deliberately building your WHY factor?
Committed to Your Success ~
Business Growth Expert, Yoon Cannon has helped hundreds of CEO’s, Entrepreneurs & small business owners gain dramatic results in your sales, marketing & strategic planning. Yoon’s mission is to encourage, equip and empower Entrepreneurs, so you can accelerate explosive business growth!
Having started, built (and sold) 3 other companies, Yoon offers a fresh, outside perspective from a seasoned entrepreneur. Yoon’s clients represent B2B, Direct Sales industry, Family-Run Businesses, Franchises, Healthcare/BioTech, Law Firms, Manufacturing & Small Business Owners.
Yoon Cannon has been published in The Philadelphia Business Journal, JP Morgan Chase Ink Magazine, ASI’s Counselor magazine, W4 magazine and many others. Yoon is also a frequent guest expert on radio show programs throughout the US. Yoon Cannon continues to be in demand as the featured speaker for many corporate and industry Association conference events.
For receive Yoon’s free 80 min. video training on How to Find Your WOW Factor just click LIKE at www.Facebook.com/YoonCannonParamountBusinessCoach To speak to Yoon direct call (215) 292-4947 EST.
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86 Responses
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February 2, 2012
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February 2, 2012
Aww … I’m blushing
My heartfelt appreciation for your kind words. Thanks for taking the time to post. Please do share my blogs, so you can help me be able to help more entrepreneurs flourish in their businesses. And, here’s to your success! Yoon Cannon -
February 2, 2012
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February 20, 2012
When I originally commented I clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I get four emails with the same comment. Is there any way you can remove me from that service? Thanks!
February 20, 2012
Hi,
You need to un-check notify me so you will not get any comment.
Thanks
February 21, 2012
Hi,
Thanks.
February 21, 2012
Hi Chris,
Thanks for liking the articles. Yes we do have newsletters please check:
http://paramountbusinesscoach.com/newsite/newsletter-archives.html
Thanks
February 21, 2012
Hi Anons,
Thanks for appreciation. If you need more information or business advise consult us.
Thanks again
February 21, 2012
Hi,
Thanks please let us know what advise you need by writing at yooncannon@paramountbusinesscoach.com
Thanks
February 24, 2012
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February 27, 2012
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March 1, 2012
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March 2, 2012
Hi Reid,
Thanks a lot for your time and sharing your thoughts. I will be writing more on the topics meanwhile you must check out my other articles.
Thanks
Yoon
March 2, 2012
Hi Brigham,
Thanks for your words. Do check my other articles or email me If you need any advise.
Yoon
yooncannon@paramountbusinesscoach.com
March 5, 2012
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March 8, 2012
very interesting topic , great post.
March 13, 2012
Hi,
Thanks Louis, please do check rest of the articles.
Yoon
yooncannon@paramountbusinesscoach.com
March 13, 2012
Hi Claudio,
Thanks for liking the article post. Yes please visit again and check out other articles too and contact me If you like to get advise about any of the business issues.
Thanks
Yoon Cannon
yooncannon@paramountbusinesscoach.com
March 13, 2012
Hi Lorita,
yes please write to me at yooncannon@paramountbusinesscoach.com.
Thanks
Yoon Cannon
Business Growth Specialist
March 14, 2012
Hi Angelo,
Thanks.
Yoon Cannon
Business Growth Specialist
yooncannon@paramountbusinesscoach.com
March 14, 2012
Thanks Yoon,
For your words of wisdom. Every one has an area of expertise on which they can build their platform!
March 15, 2012
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March 22, 2012
Hi Louie,
Thanks for liking the blog do check out some more interesting topics.
Thanks
Yoon Cannon
yooncannon@paramountbusinesscoach.com
March 22, 2012
Hi Louis,
Thanks for enjoying my blog, do consult me anything you want to know on the issues in business or about business growth strategies.
Yoon Cannon
Business growth Specialist
yooncannon@paramountbusinesscoach.com
March 24, 2012
Hi Lewis,
Welcome, do check my other articles related to business growth.
Thanks
Yoon Cannon
Business Growth Expert
yooncannon@paramountbusinesscoach.com
March 31, 2012
good job. so cool writing. like it.
April 8, 2012
Hi Luki,
Thanks for liking the article. Please do check other good topics.
Yoon Cannon
Business growth Specialist
yooncannon@paramountbusinesscoach.com
May 3, 2012
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May 3, 2012
Way cool! Some extremely valid points! I appreciate you writing this article and also the rest of the website is very good.
May 4, 2012
Hi Thurman,
Thanks for compliments.
Yoon Cannon
Business Growth Specialist.
May 13, 2012
Very interesting points you have noted , thanks for putting up.
May 13, 2012
Hi Kim,
Thanks for liking the post. What specifically about this blog post helped you the most?
Yoon Cannon
Business Growth Specialist

I totally agree with what you have to say. When I first started my business I tried to market myself to as many people as I possibly could. Honestly, it didn’t work very well. After a while, I decided to re-define my focus and to target a more specific audience. In doing so, I have gained many more clients.
Rather than spreading myself thin, I have focussed on one specific area and established myself as an expert in this area. That is what ALL business owners should strive to do. It is essential to differentiate yourself from the masses and to maintain focus. If you can establish yourself as the best in a certain field, like Dr. X in treating lyme disease, you will gain MORE customers and MORE word of mouth recommendations.
Yoon, your advice is spot on. Thanks for writing