Do You Truly Know Your Target Market?
Are you preaching to the wrong choir? While every business owner or marketing department head certainly has heard that basic rule of advertising -- know your target audience -- when was the last time you stopped to ask, "How well do I REALLY know my target audience?" Say, for instance, you run a landscaping business. You know your target audience includes homeowners in your town. But if you take it a few steps further, you may just discover that your true target audience includes homeowners between the ages of 45 and 65 who live within a five-mile radius of the center of town and who have an annual income over $55,000. Sounds pretty specific, right? The old adage "you can't please all the people all the time" certainly applies to your marketing efforts. Too many businesses try to be all things to all people, focusing on too broad a demographic. Narrowing your focus can result in a more effective use of your marketing dollars. If you haven't t...