Posts Tagged "Target Market"

The Hunt is On – Finding Your Target Market Online

Posted by Arwen Taylor on Nov 7, 2011 in Marketing Strategies | Comments Off

This is a follow up article to Sniper Scope – Increase Sales by Defining Your Target Market which describes what a target market is and how to identify the people most likely to be attracted to your product. If you haven’t already done so, go ahead and give the article a once over to bring yourself up to speed.

Marketing is a major component in your business’ development. Without an effective internet marketing strategy that brings in customers and generates sales, your internet business is just an expensive hobby.

Now, don’t get me wrong. Hobbies are great for relaxing. I have quite a few of my own which include writing fiction, decorating cakes, playing casual games, and collecting music. However, they’re not so great if you are trying to put food on the table or pay your rent. For that, you need a money making business. To make money, you need customers and to get customers, you have to market your business well.

Identifying your target market makes selling your products a whole lot easier. Instead of running around the internet posting your sales message in every online nook and cranny, you’ll save time and money by advertising in places where your clients are most likely to view them.

Sniper Scope – Increasing Sales by Defining Your Target Market

Posted by Arwen Taylor on Nov 4, 2011 in Marketing Strategies | Comments Off

I made the same mistake that a lot of first time business owners make. I thought I wanted everyone to be my customer. After all, the more customers I reached, the more money I made, right?

Wrong.

In reality, I only wanted to attract the people who could benefit from the services I offered, who I could actually help, and who were willing to pay the asking price. By trying to go after anyone and everyone, I attracted people who didn’t fit all of the criteria. Either they wanted my help but I couldn’t help them or they were willing to pay for assistance but they didn’t need the exact services I provided.

These types of situations could have been avoided I had simply taken the time to define my target market.

What is a Target Market?

A target market is a group of people, usually defined by a set of demographics such as age, gender and location, who are most likely to buy your product or service. Put another way, these are the people who have a problem and need your product to solve it.