The Minute You Stop Chasing Trends Is When You Will Start Building a Real Business

If you’ve been paying attention to the entrepreneur space, you may have noticed something in the last three months. It’s a common trend that’s not so common in entrepreneurship. You’ve seen the same entrepreneurs chasing the newest “hot” trends. They started their business with a core topic and industry but maybe the income wasn’t there. In their desire to generate revenue, they were tempted by the allure of what’s working in entrepreneurship right now.

In a three-month span, they were Facebook ad experts until that became saturated, then they became “funnel” experts. After that, Facebook Messenger bots started to become popular, so they became Messenger bot experts. And now, everybody is talking about Bitcoin, so there’s a whole new wave of Bitcoin experts. This cycle will keep repeating itself as new trends emerge and entrepreneurs share the results they get with a new trend.

Build a foundation.

If you’re jumping from trend to trend, you might want to sit down and get clear about what your values are and what kind of business would match those values. You should know and understand your ultimate life goals. Your values, goals and a great idea make up the foundation of your business. We all know what happens to a house that’s not built on a solid foundation. To build a successful business, you need a deep foundation in an industry/topic that you could see yourself spending years in. You may not hold onto the business forever, but it will take time to build it to where it could be sold.

I understand the appeal of being first to the market on something, but that only works when you’re first to a market with a foundation to build on. First to the market only works when you start out and continue to build. You’re then seen as an industry leader in that market. Creating a foundation in a common industry or going deep with a trend isn’t sexy, but it’s how you will build something sustainable.

A lot of the reason why entrepreneurs can’t generate consistent revenue is that they have no marketing plan and aren’t generating new leads. A lack of marketing ruins businesses. Luckily, for us as entrepreneurs today, marketing is easier and more cost-effective. Facebook ads are highly effective and you can target them to your ideal prospect. Besides Facebook, you can now run ads on all social media networks. According to Gallup, 62 percent of people worldwide use social media daily. The stats are in our favor.

Once you’ve paid for ads, the stats tell us that for every $92 spent acquiring customers, only $1 is spent converting them (Econsultancy, 2016). Besides paid ads, there’s SEO, content and email marketing, organic social media marketing, podcasting, launches and lots more ways to market your business and create leads.

Creating content for large publications (such as this one) is a great lead generator. A few entrepreneurs who read this article and vibe with it will wonder what else I do and click back to my website. If they like what they see, they’ll sign up for my email list. As I send good content to the list, a few will want to go deeper and spend money on my premium content. It’s lead generation 101. Create a good marketing plan through all the available channels and consistently build leads. That’s how you grow your foundation.

Leverage relationships.

If you have been in entrepreneurship for any amount of time, you understand the power and value of the right business relationships. A strong business connection can help you take your business to its next growth level. You can form partnerships, affiliate relationships or short-term arrangements on business deals. Leveraging relationships along with a strong foundation and marketing will help you much more than chasing trends.

We all have been guilty of falling for “shiny object syndrome” at one point in our business-building journey. When you see an entrepreneur get an incredible result with a trend, you take notice and are curious. Take a step back and get honest with yourself. Determine where chasing that trend would fit with your goals and value. Don’t chase anything that will ultimately hurt your progress.

Are you chasing trends?

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In addition to the 12 hours of training on how to book consulting gigs at midsize companies, Fortune 100-500 companies, and multinational corporations, there’s a bonus.

I closed down all of my online courses to the public last week. They’re now only available for large companies to license. But…. I just added all of the courses to the Get Booked member’s area.

When you purchase Get Booked (Home Study), you get these courses as a bonus: Freedom through Online Business ($900), Self-Publishing Success Academy ($1,200), Get Paid to Write ($1,500), Success through Large Publications ($1,600), The Results Mentorship ($1,800). In total, it’s 31 hours of training videos, over twenty documents, and access to our private group for ongoing support.

You will learn how to self-publish and consistently sell books. How to start and grow a profitable online business. How to become a contributor to the largest business and personal development publications in the world. How to make cash money specifically from writing. How to book paid speaking at events and consulting gigs at companies worldwide.

If any of this could help your business, check out the details.

And if you’re reading this wondering who I am and why I’m qualified to teach this stuff. I’m the author of four books that have sold over 100,000 copies. I started self-published then got a traditional book deal with a major publisher. I’m a writer/contributor to 14 large publications. My articles have also appeared in 32 publications including the print edition of Entrepreneur Magazine on newsstands. I’m a speaker that has spoken at events in 23 countries (all paid). What I mostly do now is consulting at companies. I’ve done consulting gigs at companies in 62 countries over the last five years. I’ve consulted for some of the largest companies in the world. In fact, I leave for a six-country African consulting tour on Tuesday.

This article first appeared on Entrepreneur.com

Photo Credit: Flickr/ Jeff Wallace

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4 comments on “The Minute You Stop Chasing Trends Is When You Will Start Building a Real Business
  1. Thea says:

    This is such great advice! I’m definitely guilty of getting sucked into “Shiny Object Syndrome.” (SMH and LOL) However, I’m getting so much clearer now (thanks to resources like your blog/FB posts 🙂 ) on what I SHOULD be doing verses what I COULD be doing, based on my strengths, weaknesses, likes and dislikes. Thank you for these great practical tips! *insert thumbs up emoji* lol

    • kconstable29@gmail.com says:

      We all have been there at some point. The important thing is to learn the lessons and get stronger!

  2. Thomas Adams says:

    Hey Kimanzi big fan. Definitely get the issue of chasing trends, I’ve been the victim of the “shiny object syndrome” way too often. I finally overcame it by sticking to a few core things like my web design business, selling specific products I order overseas to people on Facebook, and my blog. Definitely found it way less stressful to slow down and just stick with what I know best, ya know?

    • kconstable29@gmail.com says:

      CONGRATS on getting that focus down. I see so many good things happening in your business now!

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