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Thursday, 20 March 2014
How To Target Your Target Market
When you are in business, one of the most important things you can do is advertise to increase your chance at success. But of course, you have to know what your target market is before you can advertise. After all, you will not be able to advertise in a way that directly appeals to your target market if you do not know who your target market is. After you figure out your target market, the next step is just as important; you must learn how to direct your advertising at this target market. You can know how to target your target market by following these simple tips. One of the first things you should realize, in marketing, is that people buy products for one of three main reasons: to satisfy a need, to solve a problem, or to make themselves feel good. You need to know why your specific, target market is going to be purchasing your product before you can advertise it effectively. Whatever is the purpose your product serves is the angle you will want to play up. The next thing you will need to do in order to effectively target your target market is to break your target market down into smaller pieces. It is easy to say, "Our target market is 18-34-year-olds," but it is much more difficult to tailor your advertising so that it catches such a broad group at once. For instance, are you trying to sell your product to the upper-class, or to the middle-class? Is your target market married or unmarried, male or female? Are they white collar workers or blue collar workers? These smaller pieces will go a long way in helping you understand exactly how to market your company and your product to your target market. Finally, you need to put in time doing research! A lot of businesses skip this step, deciding that they "know everything already," and they miss a lot of little things that could help them. The more time you put in researching, the more you will have effective advertising. You can take huge strides toward achieving success by just taking small steps in this area. No matter the company or business, marketing plays an important part. But if your advertising is ineffective, it makes the whole idea of marketing pointless! Figure out what your target market is, and use this knowledge to target them effectively.
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