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Thursday, December 30, 2010

Finding Your Target Market

Achieving sales is probably the biggest 
challenge a web business owner has. It requires 
a balanced mix of the right products, competitive 
pricing, optimal web design, aggressive advertising 
and attracting the right online visitors.

While all of the above are equally important in 
achieving abundant sales, none of them will work 
at all if you don't target the people that are most 
likely to buy your products or services. These 
people are known as your target or niche market. 
Focusing in on your niche market will allow you to 
find only those that are ready, willing and able to 
buy what you have to offer.

Your niche market provides you the competitive edge 
over larger corporations because larger companies 
tend to market to a much broader range of people. 
Their promotions are more generalized and less focused. 
For them, the smaller markets are not worth bothering 
with. This now becomes your opportunity to capture 
those highly defined niche markets that they left behind.

Defining your Market

In order to find these people you must first determine 
who they are. This might sound like a simple or 
perhaps insignificant question at first but it can 
possibly make or break the success of your sales if 
you don't give it some serious thought. 
Here's how to get started.

Think about the following and jot down all those 
that might apply to people interested in your products 
or services. Don't rule out any category completely. 
Think about each group of people and how they might 
apply.

Age Group:

infants, Children, teens, young adults, baby boomers, 
middle aged, elderly or all.

Gender:

Male, female or both

Marital status:

single, married, divorced, widowed or all

Ethnic or religious backgrounds

Occupations:

Executives, doctors, lawyers, housewives, 
business owners, teachers, blue collar, 
white collar, students, out of work, etc.

Health Status:

healthy, diseased, home bound, active, sedentary, etc.

Interests:

sports, hiking, music, arts, computers, reading 
television, animals, home decorating, cars, 
walking, running, relaxation, health conscious, 
age conscious, physical fitness, etc.

Income status:

low income, middle income, high income, no income.

Education:

high school dropout, high school, college, MBA 
PHD, hates school, loves school, etc.

Certainly all categories are not listed above, 
however these can get you started on thinking about 
all the possibilities.

Next, it's important to determine what benefits 
you are offering. Examine your products or services 
carefully listing all the benefits that you can 
think of. Perhaps take a poll of your existing 
customers and ask them what it is they like about 
your products or services. What benefits them the 
most.

Once you have a listed all of the benefits, think 
about what people would be interested in these 
benefits based on your list above. Then put them 
together to assist you in reaching a market that 
will bring you sales.

Reaching Your Target Market

Search engines are the best way of finding a 
targeted market because those searching on the 
web can type in exactly what they are searching 
for and receive the targeted traffic the search 
engines so proudly advertise.

But attaining good placement on the search engines 
is often difficult and time consuming.

Ezines and newsletters are a very effective alternative.

Most ezines cover specific subjects such as finance, 
marketing, health, internet, etc. Your job will be to 
find an ezine whose topic matches your target market. 
To do this you must locate an ezine directory. Directories 
usually list contact information, advertising rates, and 
circulation. Once you find a targeted ezine then place 
your ad. Be sure your ad includes as many of your product 
benefits as the ad will allow.

The idea is to define your target market specifically 
enough so that you can find the appropriate place to 
advertise and then create sales messages that 
make your readers feel you are talking directly to them.

You'll be amazed at the amount of traffic you can receive 
by finding your target market and reaching them in the 
appropriate location.

Elizabeth McGee has spent 20 years in the service and support industry. She has moved her expertise to the world wide web helping businesses find trusted tools, enhance customer service, build confidence and increase sales. Elizabeth's sites can be viewed here: http://www.pro-marketing-online.com http://www.homenotion.com

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