You might have heard me say this before. The WHO of who you're marketing to is actually far more important than the WHAT or the HOW. By WHO I mean who exactly is your target market?
Great marketing hinges on the successful marriage of three things - your market (the Who). Your message (the What). And your media (the How).
By far the most important of the 3 is WHO you choose to sell to. Why? Because the tighter you can define your target your market, the better you can tailor your message, and the more effective it will be.
For example the way that you sell to men and women is very different. Men are fact and experience driven. Women are story driven.
Equally a baby boomer age 50-60 is a very different market from a mature baby boomer-approaching senior age 60-70. Very different markets, and therefore very different messages are needed to reach them in order to sell to them.
Let me use an example of a company you'll be familiar with to illustrate the . Home Depot. Many people would say their target market is anyone looking for home improvement products and services.
That's far too wide. Here would be a much better definition:
"Do-It-Yourself Homeowners - typically married couples between the ages of 25-55 who live within a geographic radius of 10 miles of a Home Depot store, with a combined household income of between $50,000-$200,000/year."
By using this definition instead, the Home depot now exactly who they're going after, what messages to use and what forms of media will best reach them. Eg their messages are going to be about creating the ultimate happy, harmonious family life which having a beautiful home is part of.
If you're not sure who your target market is, then here are 2 strategies I can suggest:
1) Review your existing customer list - look for patterns as to gender, age, geographic location, earnings, buying habits etc. to help you better understand WHO your market really is, or
2) Build a profile of your IDEAL customer, and go after them. This is where the REAL hidden gold is sitting in your business!