In this episode, Matt chats with Mike Ritzema about niching down and focusing on one industry. Mike Ritzema is the President and founder of Superior Trucking Payroll Service. In this episode, Matt and Mike discuss the following and more:
"The riches are in the niches" - how to stay focused on one industry.
Should you create your own software? Pros and cons of programming your own software.
Anyone who is an expert in everything, is an expert in nothing. Stay in your lane.
How to get traction in a niche.
You have a larger addressable market by niching to an industry vs. going local. Mike could never sell to all the trucking companies. Don't have a scarcity mindset.
When you focus on one industry or niche, you create *positive* forced constraints. You are marketing, serving, and speaking directly to your target audience at all times.
There is less competition when you are focused on one industry. You differentiate naturally and can better serve your target market. It is easier to acquire customers, hire, and grow. -> Want to grow your payroll company? Click here.
-> Looking for easy-to-use White Label HR Software? Click here.
-> Want to sell your payroll business or make a partial exit? Click here.
-> Want to grow your personal brand on LinkedIn? Click here.
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Mike is the President of Superior Trucking Payroll Service. Superior Trucking Payroll service helps trucking companies save money on their payroll through constantly researching best practices in the trucking industry. We serve clients nationwide.
http://www.truckingpayroll.com
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