Thursday, February 5, 2009

Who is Your Target Market? Tips to Locate Your Perfect Customer

By Alice Seba

If you haven't researched your target market that your business caters to, your chances of succeeding start to become smaller. So, what is the best technique to be able to sell to somebody you don't know?

Well, unfortunately that's a task is going to be near impossible until you have done the correct research to find out who your target customer is. What method is used to discover the type of person that would happily buy your service or product? Read the rest of the article for tips and tricks that will help you grow your business by developing rapport with your target audience.

Talk With Your Old Customers

The first thing you can do, if you already have paying customers, is find out what they really are all about. Determine what they want and need from you. There are many ways to do this. A few of which include:

Design a survey and request their ideas or opinions on your previous products or services they purchased.

Do Your Research... Even if You Haven't Sold Anything Before

You Can Still Research Even if You Don't Have Any CustomersYET.

Once You've Came Up With Some Ideas, Evaluate Them

After you have discovered a few ideas, think about who these benefits would appeal to. For example, if you sold a contraption that would make a client's car go faster, the target market that you'd be aiming at would probably be car owners in their lower 20s. Discovering the many benefits your product or service has to offer will enable you to specifically target certain groups of customer who will be interested in what you have to offer. It is possible you may find that you have more than one target market. This is acceptable, and can make things more profitable -- especially with online marketing. Because of this, specific advertising and creating separate websites for each of your target markets becomes easy and did not too expensive.

Finding Out What's Already Out There

You can also conduct keyword and/or market research. There are many ways to do this including keyword research, reading magazines, reading reviews and visiting forums, social networking sites and other discussion groups. Browse around and see what it is people are looking for by visiting other websites. Even your competitors can give you great insight.

Whatever method you use to locate your target market, the next step would be to try and put yourself in the prospects mindset. If you are improving your current product line, or coming up with something completely new - never be afraid to talk to people, and find out their personality traits in order for you to build relationships with your clients.

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