Once you have decided on your ideal business to create and have research the feasibility of it, you will then need to figure out what your target market is.
I have seen many people fight this area and want to skip it. However, to ensure business success, this is a vital step.
You can promote to them all you want and you will be lucky if you make a dime off them. One of the reasons, is that different things appeal to different people and a marketing campaign targeted at everyone will impress no one. There is also the cost factor. You won't have deep enough pockets to cover the expense of promoting to everyone.
For example, if you were selling cars, you would need to consider the type of person who would be buying it. A van would appeal more to a family with kids or a coach with a team. Where as a two seat sports car would have an entirely different target market.
It doesn't mean that forever and a day that you will have to stick to your tightly focuses area, it means that you have a starting point in which to go after.
This will also help you track and monitor your progress and see who and what type of people respond to your offer or service. So, sit down focus and realize that this important process will help you achieve your goals and that is what matters.
The three areas that will help you gain your focused responsive list are: Demographics; Psychographics; Geographics.
The Demographics are:
The statistical characteristics or relating dynamics of different populations. This could be age, income or density that can be used to identify markets.
Contemporary demographics are what vital statistics looks at. For example global birth rates, the relationship between population and economic development, the effects of birth control, urban congestion and labor force statistics. For example: What is their age. How much money do they earn?
The Psychographics are:
The way to study and measure attitudes, values, lifestyles, and opinions, as for marketing purposes.
For example: Do they like luxury or practical items. Do they go out a lot or enjoy staying home. What is their challenges, attitudes, pains that you can help with.
The Geographics are:
For example: You wouldn't want to sell snow gear to desert dwellers.
Now write out your target market and remember, it doesn't mean that you have to stick to this one target forever. It just means that you need to have a specific narrow target to start with.
To learn more about creating your ideal business and building your foundation read: The Secret Of Discovering Your Own Profitable Passion
P.S. If you are looking for a place to develop your own
online business, you'll love, "Master List Builder University."
At this University, you gain access to premium features
such as the step-by-step system that's guaranteed to generate
more leads, traffic, customers and sales for you business.
Be a part of this history by going to
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All the Best!
Maria Boomhower
The Master Communicator
To sign up for a free report on "The 7 Secrets to Communication Mastery" go to:
http://www.falconfreedom.com
Master Communicator Blog
![]() Google News Updated : Mon, 13 Oct 2008 11:51:33 GMT Forecast: Summery Sunshine Sticks Around - Washington Post
Washington Post - Columbus Day will feel a lot more like Labor Day as temperatures climb to around 80 degrees. This unseasonably warm weather will continue for the next several days. Enjoy a warm, sunny Columbus Day Beautiful start to the work week Publ.Date : Mon, 13 Oct 2008 09:03:26 GMT European, Asian markets bounce back - The Associated Press
The Associated Press - LONDON (AP) - European markets opened strongly Monday following Asia's lead in response to the widespread government efforts over the weekend to shore up the world's troubled financial system. The financial crisis A light at the end of the tunnel? World stock markets welcome European bank rescue Publ.Date : Mon, 13 Oct 2008 10:23:04 GMT Dodgers stand up to Phillies in Game 3 win - FOXSports.com
FOXSports.com - by Ken Rosenthal Ken Rosenthal has been the senior baseball writer for FOXSports.com since Aug. 2005. He appears weekly on the FSN Baseball Report and MLB on FOX. LA revitalized at Moyer's expense Kuroda's pitch serves its purpose for Dodgers Publ.Date : Mon, 13 Oct 2008 07:00:36 GMT 1.5 million G1 Android phones pre-ordered - TG Daily
TG Daily - By Wolfgang Gruener Chicago (IL) - T-Mobile’s upcoming G1 may not be the best-looking iPhone rival, it may not have the most complete feature set and T-Mobile may have undersold the device at the recent launch event. Get ready for next-gen mobile HTC G1 Android Phone Racks up 1.5 Million Pre-orders Publ.Date : Mon, 13 Oct 2008 05:21:21 GMT Fantastic finishes: 5 NFL games down to the wire - Washington Post
Washington Post - Dallas Cowboys' Mat McBriar (1) has his punt blocked by Arizona Cardinals' Sean Morey as Monty Beisel (52) looks on during overtime of an NFL football game Sunday, Oct. 12, 2008 in Glendale, Ariz. Blocked punt downs Dallas Backups Burst Through Line and Lift Cardinals in Overtime Publ.Date : Mon, 13 Oct 2008 08:15:50 GMT UK government takes stake in three banks - CNN International
CNN International - LONDON, England (CNN) -- The British government on Monday said it would make a multi-billion investment in three of the country's major banks to help them through the "first financial crisis of the global age. In quotes: Bank bail-out reaction TEXT-Lloyds TSB terms for acquisition of HBOS Publ.Date : Mon, 13 Oct 2008 11:18:47 GMT Manatee dies before reaching rehab site - Boston Globe
Boston Globe - By Emily Canal After a 27-hour trip to Florida, Dennis the manatee, rescued from the frigid waters of Cape Cod, died in Orlando yesterday as SeaWorld employees carted the mammal to a rehabilitation center. Video: Rescued Manatee Dies After Mass. Rescue Manatee rescued off Cape Cod dies en route to Florida Sea World Publ.Date : Mon, 13 Oct 2008 07:21:21 GMT Amazon Associate Software |
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