Lior Vaknin

What is the importance of targeting in business? Targeting is essential in business because it enables you to concentrate your efforts on a particular group of potential clients, allowing you to build your business around those who are actively seeking your services. Full Explanation In any business, success depends largely on focusing your attention on […]

What is the strategy for building a business with multiple Google My Business (GMB) listings? Short Answer: The strategy for building a business with multiple GMB listings involves establishing a primary business listing alongside a second GMB listing that competes with the main one. This second listing acts as a backup to ensure consistent work

What Should Be My Approach to Increase the Value of My Business? Short Answer: To increase your business value, focus on building a premium brand that attracts and retains a few high-quality customers instead of trying to serve a large number of clients. By dedicating your efforts to a small, loyal customer base, you maintain

How Can I Change My Bread and Butter in Business? The short answer is to identify the key players in your desired market area—such as designers and kitchen cabinet sellers—and proactively reach out to all of them. Build strong relationships by personally visiting these contacts and demonstrating the value of your work with before-and-after examples.

What Should Be My Approach if My Client Is a One-Time Client? Short Answer: When dealing with a one-time client, such as someone who needs furniture assembly after moving into a new house, selling ongoing services can be quite challenging. Instead, focus your efforts on targeting designers and contractors who are more likely to require

How can I specialize my business to increase profit? The key to increasing your business profit lies in offering a highly specific service that your customers are willing and able to pay for. By focusing on one particular area where your clientele has strong purchasing power, your business can become so efficient and profitable that

What happens if a new competitor enters the marketplace and outbids me on Google Ads? Short Answer: If a new competitor outbids you on Google Ads, the slim profit margins you currently maintain will disappear, putting the viability of your business at risk. Full Explanation When a new competitor enters your marketplace and decides to

What is the advantage of specializing in a specific service? Specializing in a specific service makes your business irreplaceable and minimizes the pressure to compete solely on price, allowing you to deliver high-quality results and charge premium prices. Full Explanation When you focus your business efforts on a specific service, like commercial doors or German

What Is the Business Benefit of Being the Most Expensive? The business benefit of being the most expensive in your field is that it allows you to selectively choose your customers and deliver a high-quality, “white glove” service. This approach enables you to focus on exceptional results, often making the work more rewarding and less

What is the Benefit of Investing in Product Development and Research? Short Answer: Investing in product development, research, and systems improves the results you deliver to your clients by enhancing your product or service, making it more valuable and appealing to customers. Full Explanation When you dedicate resources to product development and research, you are