Most of the the small business owners I work focus an abundant of time on their marketing. They put tons of effort into crafting their marketing message, polishing their marketing funnel and fine-tuning how they generate leads. And often, they do so before any of this produces new clients.

Marketing your business is a really good idea, don’t get me wrong. However you choose to do it, marketing is a vital part of your business. As a matter of fact, marketing your services is something I teach my clients to do more effectively every day.

Yet I find that there’s a hole in the thinking that “all you need to do is effectively market your business.”

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Susan is a life coach. She’s been working with clients ever since she received her certification. First with a few friends and later with the referrals her friends sent her. Of course one of those referrals taught her about marketing and helped her get a website up. Everything seemed to be going great.

Now, three years later, she’s struggling to get enough clients. She seems to get just enough clients to keep afloat. However she’s not fully replaced what she made at her day job.

Yet, she’s self-employed. She runs her own business. Or does she?

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Yesterday I had an interesting, but short, conversation on Twitter where I said, “The key to a successful small business – find a highly specific, targeted niche and dominate it!” And I meant every word.

I work with business owners all the time who aren’t sure about what they want, what they’re doing or where they’re going. Nothing wrong with that at all. After all, unless your expertise is in small business development or marketing, there’s little reason to think you’d have a solid understanding of how to structure and grow a business.

Yet one thing that thatseems to set successful small business owners apart from those who aren’t is their mindset.

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How do you define success in your business? It’s a question I ask every client – and most of the prospects I ever speak with.

The interesting thing for me is how often the people I speak with don’t have a specific answer. Sure, we can come up with just about anything on the fly. Yet it’s not difficult to tell the difference between established, well-thought-through business goals and those that we sort of find when we need to talk about such things.

Having a way to measure the success of your business, however, is one of the most vital parts of running a business.

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Niche market is one of those buzz terms that gets thrown around a lot. Just about any marketing book, article or blog post worth its weight talks about niche marketing. It’s so prevalent that most small business owners would say they’ve heard the term.

But just knowing about the term niche marketing doesn’t mean you know what niche marketing really is. Or how it applies to your business.

Most service-based business professionals I work with and talk to have some idea of niche market. Often, they think of it as the group of people their business serves or the market they target their services for. And while it’s true that your market is who you sell your products and services too, it doesn’t mean you’re selling to a niche market.

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I’ve always been a do-it-yourselfer. I’ve taught myself a great many things by taking this attitude.

When I bought my first house, I completely gutted it – down to the timbers in most rooms. In other places, we removed and moved walls. For instance, I created a large, walk-in closet in our huge bedroom where there was once a little coat room.

When it came to moving plumbing, rerouting and adding electrical, drywall, replacing subfloor, moving my toilets and bathtub drains – I basically did it all. And in most cases, I took to each project never having done it before.

But at some point, you have to live in  your house. And that means it has to get done – as my wife might say, “be livable.”

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I’m certain that you market your business. But, do you advertise your business?

I’ve heard so many web-based small business owners do their best to avoid using the word advertise that I’ve begun to wonder why. I’ve worked with enough clients offline to know that it’s not small business owners in general. Offline businesses use advertising constantly to get the word out about their business.

But it seems different for online small businesses. Somehow it seems that the word advertise is unclean or dishonest or something. While I haven’t quite put my finger on it, it is obvious that online small business tend to look at advertising differently. They often don’t consider placing ads – even Google Adwords.

This strikes me as odd because a few, well-placed advertisements can often drive far more than business than their cost.

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