How many times have you heard
following questions or seen information related to these statements? "Have you 'Identified' your customer"? "Do you have your 'Target Market' defined"? "Know your 'Niche' "!
What do these three statements have in common? Zeroing in on your specific customer!
I can hear you now...."But my product or service is good for everybody!...I don't want to limit myself or my product. I just want to sell, sell, sell! Besides, I don't know about all this 'target' and 'niche' stuff."
Targeting your market does not stop or limit you from selling to people outside your target market. Any one who sees your product and is interested, will purchase your product.
However, what target marketing does is guarantees you a customer base interested in what you have to offer. It is much easier (and cheaper) to market customers that are already interested (qualified) in what you have to offer.
In other words, you can have
best grilled chicken patties in
world, but if you are marketing it to vegetarians you aren't going to get anywhere. You are looking for customers who eat meat. Specifically chicken and even more specific, those interested in grilled chicken.
Does that mean, customers who eat beef or fried chicken won't buy your product? No, not at all, it just means you are targeting grilled chicken lovers, because you have what they are looking for...the best grilled chicken there is!
Anyone who eats meat is a target. Grilled chicken lovers are your "targeted-niche" market. Not only are they interested in what you have, they are actually looking for you as well!
So how can you identify and research your "target" market? Start by making a list. First, and this may sound very basic, define who you are specifically wanting to sell to.