3 Tips on How to Target Consumers
Aim high but make sure you don't miss your mark!
Maybe you’re trying to impress new mothers who have virtually no time for themselves and very little sleep. Perhaps you have your sights set on middle-aged businessmen who seek luxurious lifestyles. Who you’re trying to impress depends entirely upon what sort of products or services you’re offering. The trouble is that it’s pretty easy to lose focus in trying to become desirable to everyone. Here is some valuable information on finding your target market.
What’s a Target Market?
If you’ve been in business for a while, you know that a target market is a group of people that are most likely to purchase your products or services. If you’re selling a weight loss pill, you might be targeting middle aged women who want to lose a few pounds. If you’re selling the most comfortable shoes ever – you might be targeting nurses or others who spend long hours on their feet. These are the people who need what you’re selling the most and who are probably more willing to buy it than anyone else.
Taking it a Step Further
Many businesses make the mistake of trying too hard to target a huge group of people – such as men, women, parents or people who own a car. When this happens, advertising and the message it carries becomes diluted. The thinking behind this is understandable; the more people you target, the higher the potential for sales, right? Wrong. Actually, if you send out a strong message to a highly targeted and smaller group – you will probably sell more. For instance, if you sell organic dog food to everyone who has a dog, you may get some people who are interested.
However, if you target eco-conscious people who own purebred dogs and get them regular vet checkups and grooming appointments, you will probably sell more. If you add that these people should be middle aged and financially stable, you will probably sell even more. The more targeted you get, the higher the potential of sales – if you’ve done the correct research and found the right group of interested individuals.
Give Them What They Want
Another important thing when it comes to target markets is giving them what they want. That market is seeking something – an easier solution, a time-saving product, etc. Give it to them. This is where market research becomes important. Find out who you’re selling to. Find out where they live, what kind of lives they lead, what they are seeking and what they’re settling for. Of course, you don’t need to become a stalker to do this – you can hire professional market researchers or perform the research yourself by visiting forums, sites, local events, etc.
While finding the target market may sound intimidating, it’s actually not. Look at who your major competitors are and the people they are going after. Perform market research and learn about the people you want to sell to. By doing this, your advertising dollars will be saved and your messages will pack a punch that customers can’t refuse.
