If you have your own small business, it’s important to decide exactly
who you will be marketing your products or services to. After all, you
probably don’t have the time or the money to market to everyone. And
even if you did, it is not recommended.
You’ll want to select what is called a “target audience.” This is an
identifiable group of people you believe will be the best prospects for
your business.
But for many small business owners, narrowing their focus to one
primary group of people can be a challenging task. They want to help
everyone – and very often their product or service CAN help a variety of
people.
It also goes against human nature to narrow your focus in order to
grow a business. Common sense seems to tell us if we want to grow our
business big, we need to appeal to more people.
In reality the opposite is true. When we narrow our focus to a
particular group of people we become an expert in solving their
particular problems. We get to know them very well and we can develop
additional products and services to fill their needs.
So how do you decide who to market to?
Following are 5 tips:
1) Think about the type of people who can MOST benefit from what you have to offer.
2) Think about who you would most enjoy helping, or working with.
3. Think about the type of people who will be easiest to reach, AND
who will be most receptive to what you are selling. These will be people
who KNOW they have THE problem you can solve and are LOOKING for a
solution.
4) Know that just because you select a particular group of people to
focus your marketing on, does NOT mean you can’t help others who may
come to you. It only means you’re going to focus your proactive
marketing efforts on the target group you select.
5) Lastly, don’t over-think it. Listen to your gut, pick a group you
feel you can really help and proceed with the development of your
marketing plan. Marketing is a fluid process. The important thing is to
start. You can always refine your audience and your plan later as you
learn more.
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