Not everyone is a prospect for your business. We often hear businesses say that they want to go after anyone who may be interested in their products or services. Mistake! Every business has people that are most likely to buy their products and services. Those groups of people are your target market.
Which one makes more money?
The specialist of course, but why? The answer lies in the fact that the specialist is just that…a specialist. The family practitioner can handle a lot of general conditions and the specialist can only handle some specific thing. The specialist, on average, makes 3-5 times more money per year than the family doctor however.
If you don’t have a target market yet, click here to see the 6 Steps to Defining Your Target Market.
If you already know who your target market is, the question to ask is “Are they seeing me?” That is one of the most important factors in marketing. A well-defined market can make the entire process of marketing easier and much more profitable.
Ask yourself some questions to help with the targeting, like:
This, of course, isn’t an all-inclusive list, but you get the point. What is special about the people that buy from you most often?
Below are some specific strategies for getting access to your target market.
LinkedIn is, by far, the most advantageous social network for connecting with other businesses. Strategies that can help you increase your leads and sales within LinkedIn abound.
Brand Authority Network is designed to get you more exposure, more attention and more leads. We leverage our media contacts to get you the kind of exposure your competition only dreams of.
Search Engine Marketing and Display advertising is the digital equivalent of billboards. Done right, it can be very profitable. Done poorly, it can be a huge waste of money.
Social media today is the community that your company has to build in order to help people keep up to date with you. Social media marketing can take several forms. From strategic posting on the right networks to where to put ads for maximum effectiveness, choosing the right networks and strategies is crucial to success.
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A Marketing Funnel is an intentional path you take your prospect through as they go from unaware prospect to a happy customer.