Chapter 33

Understanding Your Market Ecosystem

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The Compensation Pyramid

Every profession has a compensation pyramid:

Top 1% - Market Makers: $500K+ - Set industry standards - Create new categories - Visible thought leaders

Top 10% - Specialists: $200K-500K - Solve specific, expensive problems - Known within their niche - Direct revenue impact

Top 25% - Senior Professionals: $100K-200K - Broad expertise - Proven track record - Some specialization

Bottom 75% - Generalists: <$100K - Interchangeable skills - Limited differentiation - Competing on price

The Market Intelligence System

David built a systematic approach to understanding his market:

Weekly Market Scan (30 minutes): 1. Review 10 job postings in target roles 2. Note recurring requirements and keywords 3. Track salary ranges and requirements 4. Identify emerging skills and tools

Monthly Competitive Analysis (2 hours): 1. LinkedIn research on professionals in target roles 2. Analyze their backgrounds and positioning 3. Identify gaps in the market 4. Study career trajectories

Quarterly Positioning Review (4 hours): 1. Update market value proposition 2. Refresh online profiles 3. Adjust skill development priorities 4. Plan visibility activities