the podcast recap episode with aj & rory vaden

Ep 131: How To Get Rich in a Niche with Clint Salter | Recap Episode

“I don’t want to limit my opportunity by serving a small audience.” This is a common sentiment felt by many personal brands. But as our interview with Dance Studio Owners Association CEO Clint Salter proves, you increase your opportunity by serving a smaller community in a deeper way.

Today we share our top highlights from our conversation with Clint and pinpoint the lessons that will help you grow your brand. We reflect how personal brands have a different path of success than traditional brands that rely on mass appeal.

We then dive into why niching down is a powerful method of making your fortune. After sharing tips on carving out your niche, we discuss the value of treating new projects as experiments.

For our final takeaway, we unpack how knowing your audience puts you in the best position to serve them. Tune in for more insights into how you can find success by serving your community.

Listen to the episode below

Key takeaways from this episode

  • Why serving a small community can give personal brands huge opportunities.
  • How personal brands differ from large, mass-appeal product offerings.
  • Insights into the best ways that you can ‘niche down.’
  • Hear about the three Ms and how they guide your brand.
  • The value of treating new brands as an experiment.
  • How knowing your audience puts you in the best position to serve them.
  • The role that passion can play in reaching your audience.

Tweetable Moments

“You increase your opportunity by serving a smaller community in a deeper way.” — @roryvaden [0:02:50]

“Serving a specific audience is not the same as thinking small. The riches are in the niches.” — @roryvaden [0:13:10]

“You are always most powerfully positioned to serve the person you once were.” — @roryvaden [0:19:00]

About Clint Salter

Clint Salter is an award-winning entrepreneur and best-selling author of two books. By the age of 28, Clint founded and sold three companies along with being named the youngest SeniorCelebrity Agent in Australia.

Today he is the Founder and CEO of the Dance Studio Owners Association. The largest community of Dance Studio Owners worldwide. With clients including the top 20% of dance studio owners across the globe, Clint has helped over 32,000 dance studio owners to navigate growth and impact their local communities while being able to create a successful business and life.

Links Mentioned

Clint Salter on Twitter — https://twitter.com/ClintSalter

Clint Salter on LinkedIn — https://www.linkedin.com/in/clintsalter/

Dance Studio Owners Association — https://dsoa.com/

Shark Tankhttps://www.imdb.com/title/tt1442550/

Uber — https://www.uber.com/

Domino’s Pizza — https://dominospizza.com

Hello Fresh — https://www.hellofresh.com/

Fresh n’ Lean — https://www.freshnlean.com/

Little Spoon — https://www.littlespoon.com/

Brand Builders Group Consultation Call — https://www.freebrandcall.com/podcast

Take The Stairs https://amzn.to/2ZAJNUS

Hey, welcome to the influential personal brand recap edition. We are breaking down the interview with my friend Clint Salter. I am rolling solo on this episode. AJ is momming hard and doing her thing as a CEO. So occasionally I have to step in and just do the debrief myself. But this interview is such a great interview to listen, to listen to. They all are. But specifically, if you have this thought that you say, I don’t want to limit my opportunity by serving a group that is too small and, and this for sure is my first take away from the interview because I’ve had this thought and there’s a good chance that you have had this thought, like, we all think I need a, you know, I need a bigger market. I need, I need, I need more, more, more people to serve. I don’t want to limit myself and really it’s the opposite, right? You increase your opportunity by serving a smaller community in a deeper way. And I think that is specific and is really specific to personal brands, right? Like it’s different if you watch shark tank, you know, and, and a lot of, a lot of the people that do deals on shark tank, they’re not, they’re not service-based businesses, they’re not educational business. They’re not personal brands, right? The sharks are interested in like widgets and things that can just be produced on mass scale. And so when they talk about like, what’s the market for this, they need a big market because they’re selling a low dollar transactional item and it’s just like one item and that’s it. And that it’s like, how many people need this? And, and how do they need it on a recurring basis, but that’s very different, right? So like you might see that kind of thing or get that kind of counsel in, you know, say watching a show like shark tank or talking to other entrepreneurs. But when you look at personal brands, it’s, it’s not so much, how can I create a product that has, you know, like an information product that has mass appeal to millions and millions of people? Not that that would be bad. I mean, you see books that sell millions of copies, but you don’t typically see video courses that sell millions of copies. I mean, even tens of thousands would be a lot. I mean, a 10,000 customers buying one video course would be a lot. You know, even, even the really big membership sites and stuff, they often, you know, have a couple thousand you know, members on some type of a re a recurring payment. So for most of us, for, for you, for most of you, Clint is such a great example of you increase your opportunity as a personal brand specifically in a service-based business or an information marketing type business and educational you know, type business offering of some type. And whether that is, you have a small business service, but like when you’re carving out your niche, it’s who can I serve in the deepest way? So it’s a, it’s a small audience that you serve in a bigger way. I mean, he’s got a multi seven figure business here, dealing with dance studios. If you don’t own a dance studio, there’s a good chance. You’d never heard of Clint Salter before today, but if you do own a dance studio, or if you have a friend that does, they probably know him, he dominates the space, or they know someone who knows him because he’s, he’s owning an occupying and expanding and serving in this space. And you know, I think there’s, there’s always just such a draw to like, I need to have, you know, millions of followers and it’s all about just like volume, like the total number of people. But, you know, keep in mind that one way to make a million dollars is to, is that you only need a thousand customers to buy a thousand dollar product. Right? Think about that for a second. Like why there’s, there’s multiple ways to get to a million dollars, right? You could have a million people buy something that’s $1, but for most personal brands, you’re probably much more likely to get there by having a thousand people buy something that’s a thousand dollars, right. A thousand. People’s not that many people and a thousand dollars is not that high, a price point, but it’s like, that’s how you get there and you go, I only need a FA I only need a thousand people. I don’t need to market to billions or hundreds of millions, or really even millions of people. Like I only need a couple thousand buyers. And I’ll, I’ll share this with you transparently, right? So brand builders group are like part of our mission is what we call 1000 messengers. We’re on a mission to, we want to have 1000 messengers in our pro quarterly program, which is our flagship program. It’s our one-on-one coaching program that also includes access to events like four of our events a year supplemental. We only need a thousand customers in that program to like, achieve everything we want and be able to provide the level of income that we want for our team. And, and, you know, just having an extraordinary, extraordinary business, an eight figure business, a lifestyle business and we just need a thousand customers. So it’s like, we’re not trying to be everything to everyone to be all the places all the time. It’s like, we’re looking for a thousand personal that are serious about building monetize their personal brand that want to follow a process and want to have a roadmap and a proven checklist for that thing for, for building a personal brand. That’s why it’s like, we don’t work with companies. It’s not that we couldn’t, it’s not that our expertise doesn’t apply to companies. It’s just that we we’ve narrowed our focus. Based on a couple things, first of all, we’ve, we’ve narrowed our model to one-on-one coaching and, and here’s, I’m going to give you a little framework. I’ve never shared this before, but if you’re trying to niche down, there’s, there’s kind of three different M’s here, okay. In terms of how you can niche down and, and some, and you can mix and match these combinations. So the first M is your market case. So that’s who you’re selling to. So Clint is a great example of niching down his market based on who, right. That is. He’s going after dance studio owners, very specific brand builders group is, is going after personal brands. You know, we’re going after coaches, trainers, authors, speakers, consultants entrepreneurs, and financial advisors, you know, service-based businesses, network marketers you know, fitness people, but, but they are they’re, it’s a face, right? We’re helping people who are looking to like promote their own personal message. That is also a decision, a strategic decision to focus on a narrow market. So that’s the first step is market. The second M is model. Your business model is you can actually serve a narrow model. So brand builders is another thing that we do. Our model is unique. We offer one on one coaching, right? There’s a lot of people who teach video courses. There’s a lot of people who have events. There’s a lot of people who do masterminds. There’s a lot of people who do monthly membership sites. And part of when we came into the space is based this part of this based on our experience, also based on our passion to like really work in a deep way with, with people one-on-one is to do one-on-one coaching. One of our strategists talks to our, our clients have a strategist. They talk to every single month. That’s a unique model. The business model is different, right? If you look at Uber, okay, Uber didn’t target a different market. W well, actually, so Uber, Uber, isn’t, isn’t a great example. There a better example of the next, the next M that I’ll talk about. So what is the model, in other words, what is the mechanism in which, you know, you, you make you make money and is there a different way of charging for something, you know, financial advisors had a big chant transition, or a lot of them are in a big transition of model where it used to be like a, you know, commission-based, or they would get paid per transaction. And now they move over to fee-based. That’s a, that’s a whole market of, of that’s a whole group of people, whole industry that is like migrating their business models. So if you’re looking to differentiate, it’s could be who you serve. It also could be how you serve them, which is the business model. And then the third M is the method. The method is what you provide to them is actually different, right? So we also a brand builders group liked to think that our curriculum, I mean, our, it is unique. It is proprietary. The vast majority of the things that we teach in our curriculum are our own original frameworks, our proprietary IP, intellectual property, things that we have developed. But, you know, certainly some of it is principles that exist that lots of people talk about related to digital marketing, but again, we’re tailoring it to the personal brand. So, you know, there’s, those are three different FMS that would all help you. So you’re, the market is who you serve. The model is how you serve them making money. And then the method is what you’re actually doing for those people. So, to me, I guess I would say you know, like Uber disrupted the taxi space, I would call that a different method. It was a different way of doing business. So it was still the same, the same model, which is that you’re charging writers per ride. So it’s the same business model as a taxi. It’s the same market. It’s people who take, you know, short-term transportation, but the model, but the, excuse me, the method was different was instead of taxi drivers of which there are a few, you take the entire, you know, pretty much anybody with a car and you turn them into the providers. So it, it created new providers as a different, a different model, or excuse me, a different method. A different model is like charging for a completely different type of delivery model. So I would think about this as like all of these homemade meal plans, right? So you know, there’s people who are in the market for home cooked, ready to make meals. Okay. And so historically that would be like, you know, Domino’s pizza delivery and, you know, maybe Chinese food and delivery, but there weren’t like a lot of healthy options. And then nowadays you see all of these, these home delivery, health, healthy food being delivered to your home, you know, so hello, fresh and whatever fresh and fresh and lane is the one that we just tried. Our kids are on, we have our kids, our little kids on little spoon and we’ve used a number of them, but healthy food used to only be restaurant. And now there’s this new emergence of a new model, which is shipped healthy food. Pre-Made shipped directly to your house. That’s a different model. It’s a, it’s a completely different mechanism, but you’re serving, you’re still serving the same. You’re still serving the same market. But in, in, in that scenario, I would say that the, the method is the same. It’s still health food. The thing you’re buying is still the, is still, you know, this kind of like the same, but it’s different in the, in terms of how you’re receiving, how you’re receiving that service. So anyways, the point here is for you, whether you’re differentiating, differentiating based on your market, based on your method and your message, or based on your business model, there’s a lot of ways to niche down. And we all think I don’t want to restrict myself, right? Like, I, I just, I don’t, I don’t want to, I don’t want to think too small, but, you know, serving a specific audience is not the same as thinking small. And in many cases like Clint is, is demonstrating. It can be bigger. It’s the people say the riches are in the niches because you’re serving people in a deeper way, right? Like we are able to serve personal brands in a much deeper way than any just normal marketing advertising firm who services companies w just number one, we’re a strategy firm, right? So we’re advising on all the moving parts, digital marketing messaging, your audience like technology copywriting, you know, ads, speaking, books, publishing, launches, you know, funnels the whole, the whole thing just for personal brands. So if somebody just teaches, you know, those same things to everybody, they’ve got a lot more masters, whereas we can just go, man, we only serve personal brands. And if that’s you, we can serve you in a deep way. If it’s not, you, you’re not the fit for brand builders group doesn’t mean you can’t learn from us, right. It doesn’t mean you might still not enjoy the podcast, but it means we’re not the best. We’re not the best fit for you. You know, now I’ve got books and stuff on my personal brand that, that people learn from, but, but don’t lose to the, to the idea that, Oh, by niching down too small, I’m limiting myself. It’s, it’s almost always the opposite cause you can serve them in a bigger way. All right. The second big idea, the second you know, takeaway or highlight for me from, from, from Clint was really something he said about the mentality and what he said was he used the word experiment. He said, I told myself, I would just, I would just treat this as a year long experiment. And I love that idea. I love the idea of taking the pressure off of yourself from like having to succeed or meet some expectation of like, this is only successful. If whatever, and instead just going, let’s just treat this as a fun experiment. You know, it reminds me of one of our, our brand builders group clients. Who’s also a strategist. In fact, we’re going to have her on the show here Hillary, because Hillary experimented with tic tok and she did this little experiment with like, ah, maybe I’ll hop on Tik TOK and see if I can make some fun videos. And she generated over a half a million view, half a million followers, not views it’s, it’s hundreds of millions of views, a half tens of millions of views, but it is half a million followers in less than two months, two months, like 60 days, half a million followers just by an experiment. Clint was kind of like the same thing. It’s like, Oh, I’ll just, you know, I’ll treat this as an experiment. I’ll service this community. This sounds like it could be fun. And then maybe it turns, and then maybe it turns into something And maybe like, maybe that’s you, maybe you have too Much pressure on yourself right now. Maybe you are feeling like You’re not successful because you’re not achieving some number, some income or whatever. And they be, you should just, maybe you need to hear that and go, you know what, I’m just going to treat this as an experiment. If it works out amazing. If it doesn’t, that’s totally fine, but I’m just going to do it for a year. I’m going to commit to, you know, some period of time, I’m not going to just like have one foot in one foot out, so to speak, but I’m going to just play and see what happens. And that’s so valuable. And I think that’s so important. And, you know, even when you get into, you know, in the brand builders group curriculum in phase phase one, we helped you create your positioning phase two. We help you build the infrastructure to support your personal brand. And phase three is where we really start to blow the brand up and really create exponential growth. And one of the, you know, one of our, one of our events there is called high traffic strategies and that’s paid traffic acquisition. Well, when we do paid ads, Ads, we experiment it. We expect, Right. Everything we do is like, we’re going to drop a few ads out there. We’re going to put a few dollars behind them. And I’m talking like it could be 10 bucks could be 50 bucks, like at the most, right. Probably never more than a hundred dollars, but it’s like, it could be 10 or 20 bucks. We just want to see which ads perform the best and then put more and then put more money behind the winners. It’s just an experiment, right? There’s not any pressure at that first phase. It’s just like, let’s see what happens. And you, if you are just kind of like bound by This, this, this, This demand for perfection, or if you’re creating the of expectations or someone else is putting expectations on you, maybe just let that release, right. Just like release that and let it go and say, what can I do as an experiment? What am I drawn to? That sounds kind of like, it would be fun and, and go with that and see what happens. In the case of Clint, you know, it became this one business that, that L that was then sold that led to another business that led to another business to now, you know, this multi seven figure recurring membership company. And, and he’s doing what he loves. He’s combined, you know, dance and business, and like pulled this together. And, you know, I just, I think that’s good permission. It was good for me to hear and be reminded like, Oh yeah, you know, I, it doesn’t all have to succeed. Like it’s fine for it to be an experiment. So that was my second thing. My, my third big takeaway which is, which is, you know, kind of related to the idea of, of saying, Hey, I’m going to make a business decision to serve a niche, which was, you know, kind of the very first takeaway is when he said, this is what he said. He said, I was able to deliver massive value Because I knew them. So on top of just the strategic kind of logical business decision to niche down there is this like emotional reason to do it, which is that, you know them. And if you’ve never heard me say this before, write this down, this is something that we see a lot at brand builders. You are always most powerfully positioned to serve The person you once were, You are Our most powerfully positioned to serve the person that you once were. Why? Because you know them, it’s exactly what Clint said. You know, the space, you know, the fears, you know, the frustrations, you know, the roadblocks, you, you know, their worries, you know, the challenges. And if you’ve made it through that, you know, the solutions, you know, the shortcuts, you know, the hacks, you know, where there needs to be hard work. And, and if you know their challenges, then you can speak to people in such a profound and succinct and poignant way that they hear you. And you break through the noise because you’re speaking their language. It’s why we say that that calling on your heart is the result of a signal that’s being sent out by someone else is, is when we help you find your uniqueness in phase one, we’re helping you figure out who is the person out there sending that signal, and what are you feeling drawn to? And when we can match those twos together, it’s like, even though, even though you could be in a room full of noise, right? And there could be just this like chatter at a party that you couldn’t hear, the moment that someone says your name, it’s like this precision, this level of precision of, of poignant clarity that cuts through all of this noise. And that’s what you want your marketing to do, specifically your positioning and your, and your messaging. And the words that you’re using is you want it to send out this, this very succinct, poignant, sharp, clear, precise signal that says, this is what I do. This is who I do it for, because this is who I am, because this is who I have been, because I have been you, I have been in your shoes. I have been in your seat. I have had your fears. I have had your worries. I have had your concerns. I have overcome the roadblocks that you have overcome. That is the connection of a calling. It’s the, it’s the, it’s the power of a guide. Somebody who says, I know what it’s like to be you, because I have been you, that is transformational. It occurs almost as divine. And, and that is what you want to do. And it’s, and it’s just like that is serving people in a deeper way, both from a, a monetary business, empirical logical strategic standpoint, and from an emotional artistic profound passion standpoint, you are most powerfully positioned to serve the person that you once were. And if you haven’t figured that out, that is why we exist at brand builders group to serve personal brands, because we know what it is like to try to build and monetize your brand, to want, to make impact, to want to make a difference in the world, to want to do good, and to want to make more income, you know, like to make enough income, to like achieve your dreams, be able to give and tie the donate and, and support and invest in new or whatever it is, right? Like it’s not that we don’t like making money. We do like making money. We believe in making money. It’s just that we know that you’re here because you are a mission-driven messenger that you want to make impact, and that you feel like you have some message inside of you. And because that’s you, that’s why we’re here. We’re here for you because of you to serve you because that is who we are and who we have been. So thanks for being here. Keep coming back. Hopefully you enjoyed the interview with Clint Salter, as well as this recap edition, and just keep tuning in. We’re going to be here to encourage you and educate you and occasionally entertain you. We wish you all the best for now. We’ll catch you next time on the influential personal brand.

follow us on social media

free video course

First Step to Famous

get our free video course when you subscribe to receive our weekly email updates

Request a Free Strategy Call

Get clear on who you want to become and how you will make more money.
free training

monetize your personal brand

with Rory Vaden and Lewis Howes

get 30 days free access to our free online summit

the world’s most recognizable influencers share their tips on how to build and monetize a personal brand from scratch

Live Brand Building Events

Clarify Your Positioning Expand Your Reach Increase Your Revenues

Subscribe to
The Podcast!

5/5

5.0 – 154 Ratings

free course

First Step to Famous

Regardless of if you are an author or speaker, influencer or personality, entrepreneur or expert, chances are you have a message that you want to get out to the world to make more impact and more money. Becoming rich, famous, and influential is virtually a guaranteed certainty when you build your personal brand to become a celebrity in your space. Register for our free video course to start the journey of discovering your undeniable uniqueness and to help make sure you know how to rise above the noise.

get our free video course when you subscribe to receive our weekly email updates
1 Share
Share via
Copy link
Powered by Social Snap