by Vince Rogers
There are essentially 2
different types of Marketing Strategy Approaches.
There is Mass Marketing which involves
delivering your message via a broadcast marketing channel such as television.
You do this in hope that the message will reach consumers in all of the
different Market Segments for your
product or service. Then there is Target Marketing
which involves aiming your marketing
efforts towards reaching a well-defined Target
Audience
The Target Audience
is a segment of the Target Market
that has common characteristics. The
most effective way to succeed at marketing a specific product or service is to
determine your specific Target Audience for that product or service. If you are
marketing boxing gloves for instance, your target market is boxers. Deciding on
the best target audience may require some research.
The fist step to
deciding on a Target Audience is to
create a profile of your Target Customer.
This profile should provide for a description of your Ideal Customer. Some of the characteristics to determine in building
your ideal customer profile are: Geographic
Considerations: Where do they live? Demographic
Considerations: What Are their Age, Sex, Occupation etc. and Psychographic Consideration: What do
they believe in?
If you’re selling boxing gloves the most important question
to ask may be whether individual boxers or some other Target Audience is going
to be the best to focus your marketing efforts on? For instance, the end user
for our boxing gloves is obviously the boxer. However, the Coach, Trainer, Gym
Owner or Athletic Association may be the actual buyer or decision maker. As a Marketer
you should focus your resources towards reaching the Target Audience that you believe
is likely to buy the most boxing gloves.
Determining the Target Audience for your Marketing Campaign
will help you determine the most cost effective way to deliver the right
marketing message. To deliver that message you must use the appropriate marketing
channel. These are the keys to success of implementing your successful Target
Marketing Strategy.
This article is a companion to the “Business Success” Video Series presented by Vince Rogers for eHow.com http://www.ehow.com/videos-on_12239455_business-success.html
Learn about the Keys to business Success with help from the Principal Change Agent atVince Rogers & Associates www.vincerogers.biz
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