Previous Experience Desired
One of the most common questions we often hear from new coaches building a practice is, “Should I niche?” As you may know, a niche, or the act of niching, is a marketing strategy intended to generate visibility with products and messaging aimed at a specific demographic. The belief is that by operating within a niche, your service or product and your consumer can find each other. It can also provide a way to effectively maximize limited resources (money, time, etc.).
When we begin to look at coaches and their approach corporate clients, we have found that coaches tend to engage in a similar conversation: Should I niche in a specific industry? More to the point, the niching conversation steps away from a marketing resource and becomes an obstacle. Primarily, we hear two reasons for this: (1) coaches believe that they cannot approach companies without industry specific experience, and (2) coaches get stopped when prospective clients raise the objection that they want a coach with a background in that industry.
Does this sound familiar?
What’s a coach to do?
We would like to offer you five questions to ask yourself if you’re in this predicament:
1. Are you a consultant? Remember that ICF distinguishes between coaching and consulting. If you are a consultant, then yes, industry specific knowledge may be an important factor to the services you offer. As a coach, consider that it may be more helpful—even preferable—to be outside of the industry. The coach will then be immune to the prevailing assumptions of the company or the industry and partner from a clean, clear space.
2. Are you, or do you have an intention to be, an internal coach? If you are an internal coach or if you aspire to be an internal coach, then familiarity with an industry will likely be useful. A great deal of relationship can be formed because those clients will experience a sense of connection based on the commonality of experience.
3. What does your empire look like? Another way of asking this question: What is your intention around your practice? Do you want to be the coach for working moms? Not industry specific. Do you want to coach financial institutions because you formerly worked in finance and want to transform the industry from the inside out? Industry specific. The key elements to your answer will involve choice and intention.
4. Where are you choosing from? You might consider exploring how many of your automatic behaviors (habit, fear, “easy,” fast) are informing this answer. We are not saying that choosing from your automatics is “bad.” It just may be limiting. What can’t you see because you’re operating from old patterns of behavior when it comes to building your practice?
5. What are you avoiding by being in a conversation about niche? Action? Commitment? A breakthrough? Hmm…?
So, if we might offer advice rather than coaching: stop worrying if you’re in the right place and start carving out a place. Right now.
P.S. We’d love for you to share your thoughts on this topic in the comments area below.
Great post!
Love your photos ❣️Information was informative. Thanks
As a trained whole life coach It took me a long time to own my Motivated to Marry Niche. It brings me the type of clients I am passionate to help. Singles looking for a serious, committed relationship. So many other things come up in the coaching that I do serve my clients in a whole life capacity. The Motivated to Marry niche is just the door they come in to. And I am known as an expert for this area of relationship coaching. Today I believe having a niche is very important in coaching to differentiate yourself.
As a certified Career Transition coach, having a niche has been extremely important in gaining the respect of not only my civilian clients but also my military ones. I have talked to many professional that wanted to hire a coach , but they weren’t comfortable hiring a ” general ‘ do everything coach. They thought for their needs they needed someone who was zeroed in on their specific issue. I believe you can market yourself so much better with a niche and really target that industry that you have a passion for. I know for a fact that the military would never have hired me if I said I was a general ” life coach “. . Their needs were resume writing, cover letters and preparing them for interviews, which is what I do. Many of my clients are unsure of their next career move , so understanding the employment trends and all my coaching background is essential to assuring them the best possible coaching. I am 100 % for having coaches develop their own niche. Honestly it might take awhile, but in the end it really will pay off when it comes to gaining trust and respect from the professional community.
Nice article. However! I disagree with your implication that a niche = industry-specific.
A niche could equally be “SME owners of companies in their first year”, or “working moms”, or “junior executives wanting to develop executive presence” – or not?
Keith