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“The Secret Power Of An Expert” VAL AND THE EXPERTS MARKET I have a tremendous empathy for Experts, my target market and I was personally involved with Experts helping them promote themselves to prospective clients As my biggest strengths are research and analysis, I have been researching and analyzing Experts for the last 10 years Global Book Tour
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Val And The Experts Market

Sep 01, 2014

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Education

Val Slastnikov

- Why Val?
- Definition of an Expert
- Expert Statistics
- Expert Communities
- The Experts Market segments
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Page 1: Val And The Experts Market

“The Secret Power Of An Expert”

VAL AND THE EXPERTS MARKET

I have a tremendous empathy for Experts, my target market and I was personally involved with Experts helping them promote themselves to prospective clients

As my biggest strengths are research and analysis, I have been researching and analyzing Experts for the last 10 years

Global Book Tour

Page 2: Val And The Experts Market

“The Secret Power Of An Expert”

WHAT IS AN EXPERT?

• According to Wikipedia, “An Expert is a person with a high degree of skill in or knowledge of a certain subject.”

• The word “Expert” derives from Latin ‘Expertus’ and means “to try, test, experience or prove.”

Global Book Tour

Page 3: Val And The Experts Market

“The Secret Power Of An Expert”

WHY DO I WRITE ABOUT EXPERTS?

• I wrote “The Secret Power of an Expert” Success Trilogy for my Dad who was an expert in Civil Engineering. He died early, at the age of 30

• I wrote it for my friend Vlad. He was a Computer Programming Expert in Aerospace industry. He died early, at the age of 43

• I wrote it for all my clients – experts who are working so hard but failing to achieve prosperity they rightfully deserve

• I wrote it for myself. Because now I know that I can’t carry three, but I can help a thousand

Global Book Tour

Page 4: Val And The Experts Market

“The Secret Power Of An Expert”

WHAT DID I LEARN ABOUT EXPERTS?

• What I found out from my experience as a Recruiter in Information Technology was that the majority of experts were working too hard, but achieving too little. Instead of trying to focus on their core competence and then start positioning themselves in their target markets, most experts work with one client at a time, and then spend a lot of time and energy on trying to find the next project.

• So back in 2007 I created my first Free Report “How To Hire An IT Expert”, hoping to change my client’s perception about experts.

Global Book Tour

Page 5: Val And The Experts Market

“The Secret Power Of An Expert”

WHAT DID I LEARN ABOUT CLIENTS?

• As an IT Business Solutions Consultant, I came to another stunning realization. I found out that my clients, from the smallest “Mom and Pop” shops to top Fortune 500s also did things totally wrong when it comes to understanding the buyer psychology

• Until this day most of them are still using very old, outdated Sales and Marketing methods that no longer work in the new Millennium

• So in the Summer of 2008 I created my second Free Report called “Buying Model 3G”, aiming to change the client’s perception about modern-day buyers

Global Book Tour

Page 6: Val And The Experts Market

“The Secret Power Of An Expert”

WHY EXPERTS?

Reason # 1

• Experts give hope to humanity

“Customers are seeking for experts because they don’t know where to go, what to buy and simply who to trust.”

– Rich Schefren

Global Book Tour

Page 7: Val And The Experts Market

“The Secret Power Of An Expert”

WHY EXPERTS?

Reason # 2

• Experts possess a Secret Power

They are already focused on the first part of the equation that I call “A Secret Success Formula”:

Power Of Mind + Power Of Leverage = Success

Global Book Tour

Page 8: Val And The Experts Market

“The Secret Power Of An Expert”

WHY EXPERTS?

Reason # 3

• There is a huge Market of Experts out there and I believe that I can help that Market in more ways than one

Global Book Tour

Page 9: Val And The Experts Market

IS THERE A GLOBAL MARKET FOR EXPERTS?

“The Secret Power Of An Expert”How Big Is The Market?

Page 10: Val And The Experts Market

“The Secret Power Of An Expert”

• Google search pulls 329 Million websites that contain the word ‘expert’ in them

• In June 2008 Amazon.com was showing 402,512 results if you searched books for and about experts

• In February 2009 Amazon.com shows 479,776 results, which proves that we are dealing with the growing, dynamic market

Expert Statistics

Page 11: Val And The Experts Market

“The Secret Power Of An Expert”

• As of June 2008, there were 197,000 videos with the word “Expert” on YouTube. As of February 2009, the number of videos has increased to 305,000. That’s 108,000 more in only 7 months!

• Movie Experts (60,700)• Gaming Experts (22,100)• Music Experts (7,710)• Business Experts (4,050)• Health Experts (2,890) • Car Experts (2,560)• Book Experts (2,550)• Marketing Experts (2,100)• Internet Experts (2,020)• Fitness Experts (1,930) • Trading Experts (1,720)• Animal Experts (1,680)• Sales Experts (1,670)• Family Experts (1,640)• Investment Experts (1,530)• Research Experts (1,490)• Technology Experts (1,470)• Design Experts (1,320)• Writing Experts (1,300)• Travel Experts (1,210), etc.

Experts on YouTube

Page 12: Val And The Experts Market

“The Secret Power Of An Expert”

WHAT ARE THE MARKET SEGMENTS?

• “Aspirants”- Generalists and Specialists that aspire to become Experts

• “Positionists”- Experts who want to position themselves in their target markets

• “Globalists”World Class Experts who care about the world we live in, who want to contribute and bring clients and global experts communities together

The Experts Market

ASPIRANTS

POSITIONISTSGLOBALISTS

Page 13: Val And The Experts Market

The Experts Market“The Secret Power Of An Expert”

Examples of Global Expert Communities

Page 14: Val And The Experts Market

“The Secret Power Of An Expert”

GLOBAL EXPERTS COMMUNITIES

• Experts-Exchange, www.experts-exchange.com, founded in 1996 and currently located in San Mateo, CA, is an online "ask an expert" site for computer related questions.

• In November 2007 the number of solutions on Experts-Exchange reached 2,000,000.

The Experts Market

Main Goal:

Solutions toClient Problems

Page 15: Val And The Experts Market

“The Secret Power Of An Expert”

GLOBAL EXPERTS COMMUNITIES

• eXpertist.net www.expertist.net was privately initiated in May 2000 by Mr. Bernd Bieber and Partners and headquartered in Berlin, Germany

• The objective of eXpertist.net is to facilitate a public and interdisciplinary network of experts on sustainable development and international cooperation

The Experts Market

Main Goal:

Bring Public andExperts together

To solve global issues

Page 16: Val And The Experts Market

“The Secret Power Of An Expert”

GLOBAL EXPERTS COMMUNITIES

• BitWine www.bitwine.com, a service launched in late 2006 out of Tenafly, New Jersey, lets people ask questions to experts for a fee.

• Experts can charge their clients either by the minute or a simple flat fee. Clients pay by PayPal and the money gets sent to experts as soon as the sessions end.

The Experts Market

Main Goal:

Advice For A Price

Page 17: Val And The Experts Market

“The Secret Power Of An Expert”

GLOBAL EXPERTS COMMUNITIES

• LivePerson www.liveperson.com, founded in 1995 and headquartered in New York City, is a leading provider of online communication platforms that facilitate real-time engagement and live expert advice.

• The LivePerson expert marketplace currently consists of 35, 000+ experts and generates over $25 million annually. LivePerson charges clients on a “per minute” and “per project” basis

The Experts Market

Main Goal:

Expert Advice,Solutions and

Projects

Page 18: Val And The Experts Market

“The Secret Power Of An Expert”

WHAT DOES THE MARKET WANT?

• In Octorber of 2008 I have put together “The Expert Survey” and sent it out to 100 LivePerson Experts

• The results of the survey turned out to be very revealing as to what the majority of experts were lacking in

The Experts Market

Page 19: Val And The Experts Market

“The Secret Power Of An Expert”

WHAT IS YOUR BIGGEST CHALLENGE AS AN EXPERT?

• 33.3% stated “Lack of Clients”

• 33.3 % stated “Lack of Promotional Methods”

• 26.7% stated “Lack of Time”

• All the rest stated “Lack of Knowledge”, “Lack of Marketing Tools”, “Lack of Motivation”or “Lack of Orders” (Sales, Projects, etc.)

The Experts Market

Page 20: Val And The Experts Market

“The Secret Power Of An Expert”

WHAT ABOUT MONEY?

• Interestingly enough, according to Results of the Survey, “Lack of Money” was #8 priority on the list and only 16.7% of all Experts even saw it as a challenge at all!

The Experts Market

Page 21: Val And The Experts Market

“The Secret Power Of An Expert”

HOW WOULD YOU PAY FOR THE SOLUTION TO YOUR BIGGEST CHALLENGE?

• 31.3% selected “1 Lump Sum – and be done with it”

• 25% selected “Monthly Subscription”

• The rest of the Experts selected “Installments” option

The Experts Market

Page 22: Val And The Experts Market

“The Secret Power Of An Expert”

WHERE AM I GOING WITH THIS?

All of the above – • My personal experience• My Success Book Trilogy• The Survey responses

from the Experts brought me to a very logical conclusion:

What the Market Wants is More Clients, More Ways of Self-Promotion and More Time to achieve it all!

What the Market Needs is a Solution that would help Experts achieve all that – and they are ready to pay for it, too!

The Experts Market

Page 23: Val And The Experts Market

“The Secret Power Of An Expert”

WHAT IS THE BEST SOLUTION?

We need to build a Global Network that puts the needs and wants of the Expert Market first and foremost!

While all other Global Expert Communities are either Clients-centric, or “agenda-centric”, we will build a Global Experts Association that is truly “experts-centric” or “expertise-centric”,i.e. it will give an “unfair advantage” to a select group of Experts.

This is how I came up with the idea of a

Global Experts Association

The Experts Market

Page 24: Val And The Experts Market

“The Secret Power Of An Expert”

WHAT ARE THE MARKET SEGMENTS?

• “Aspirants”- We can help them become Experts

• “Positionists”- We can help them position themselves in their target markets

• “Globalists”- We can help them contribute and unite global experts communities together

The Experts Market

ASPIRANTS

POSITIONISTSGLOBALISTS

Page 25: Val And The Experts Market

“The Secret Power Of An Expert”

ASPIRANTS

POSITIONISTSGLOBALISTS

Question 1:

The Experts Market

How do we connect these 3 market segments

together?

Page 26: Val And The Experts Market

“The Secret Power Of An Expert”

ASPIRANTS

POSITIONISTSGLOBALISTS

Question 2:

The Experts Market

How do we get more Clients for our Experts

Market?

Page 27: Val And The Experts Market

“The Secret Power Of An Expert”

ASPIRANTS

POSITIONISTSGLOBALISTS

Question 3:

The Experts Market

How do we create an “Unfair Advantage” for our

Experts?

Page 28: Val And The Experts Market

“The Secret Power Of An Expert”

We need to build“Win-Win” Partnerships!

The Experts MarketThe Answer: