So should you go after any local business owner? To be honest when you start out I would work with any local business owner that wants your service. When you get the experience to work with local businesses then you can start being a little bit more selective. There are certain factors that you can look at and keep in mind when you look for your local clients though.
The two things that I look at is:
1. Search volume
2. Client value
Search Volume
I use the Google keyword tool to check the search volume for local clients. The great thing is that when you work with local businesses it is not necessary to get a huge amount of traffic but you want to make sure that there are some searches for the keyword that you want to rank for. I try to go with keywords that have at least 350+ monthly local searches. A lot of times 1 or 2 new clients per month will make a difference for a local small business.
When you do your keyword research for local businesses type in the niche and the location, for example dentist Columbus Ohio, and it will give you an idea of keywords to rank for.
This is what I look for with the Google keyword tool.
Client Value
When I look at the client value I look at the average initial sale, how much will your local business make from a new client, but also at the lifet ime value of a client. Is the investment that they do with you going to take 1, 2 or 5 new clients to break even? Calculate the ROI for your potential client.
Will 2 new clients monthly break even and will 4 new clients monthly make them a nice profit? Here you also have to consider if you charge a one time fee for your job or if it is a recurring monthly investment for your local business client. You want to go after local businesses with high client value.
A pizza shop might have a lot of search volume but the client value is not that high, I would not go after that. A better option would be a restaurant that caters weddings, they might have a smaller search volume than the pizza shop but the client value is going to be a lot higher and if the searches are still decent I would go after that restaurant.
The ultimate situation is a high search volume + high client value.
Great training piece!