It is
important to take into account the return that a market can be different
according to the alternatives presented and can be compared to the risks that
Search of
my target market
A target market is a
group of clients (individuals or companies) that the seller specifically
directs its marketing efforts. The careful choice and exact definition of
target markets, are essential for the development of an effective marketing
mix.
The results of the
aim market allow you to identify opportunities and risks, take corrective and
preventive, market positions and plan and implement strategies, within the
focus of the market allowing to preserve the interests of the company or
entity; These results together with the database of current customers, easily
identified three categories of customers or prospects:
-loyalty
"target market and" Are those companies that are in both groups,
i.e., the validation of those existing customers of the entity that meet the
conditions of selection of the target market; and therefore, the strategy to
follow is loyalty relationship.
-Link 'Market
objective and non clients' corresponds to the Group of companies market aim
that is not part of the customers of the entity and whose strategy is to link.
-Reduce "Not
market target and clients" defined as those companies which, being
customers of the entity, do not comply with the parameters of the target
market; the strategy in this case should face toward the protection and/or
reduction of risk assets.
Finding the target market
The market is huge
and impossible to meet fully. For this reason, it is essential to define your
target market, i.e. want to who arrive with your product or service.
Knowing this will
help you make decisions about the features of your products, messages that draw
the attention of your potential customers or the prices that will be willing to
pay.
To run the company
and your target market knowledge must be obtained and this goes from the
beginning, first you must verify if staff is ideal for the project you want to
run, then the product must know from the name, do come from where? Is the
quality good? If you were a customer, you buy it?
Are simple questions
and all who are involved should intervene and the reasons of weight is that if
anyone has any doubts concerning what will sell, how will you respond to a
dissatisfied customer? Please note that if the client claims is because he wants
to continue buying, whether the reasons that it is, because if not claiming you
have you lost a customer who is multiplied by ten as by magic.
Aspects to keep in
mind to identify your target market
• Income level: you should consider if your
potential customer's economic ability corresponds to your product or service.
• Age and sex: are
aspects that influence the tastes, type of products, fashion and prices that
will be willing to pay your potential customers
• Geographical location: know
who want reach, will help you to know where to place your points of exposure
and sales.
Characteristics of
customers customer may prefer a product high in price but that adapts to what
you need, according to its specific characteristics, but may also prefer a
cheaper product and with greater possibilities of adaptation. Good idea is not
always to force the wishes of buyers offering cheap or similar products, each
case presented is unique and must be analysed in order to define the most
convenient market.
Profitability and
risks is important to take into account the profitability that a market can
have according to the different alternatives that presents and that can compare
with the risks that brings.
Urgency and speed
the speed and urgency can occur depending on the way in which the market
develops to which you want to access, the need arises to use all the capacity
available within a short time or recoup the investment in a short time, if not
it is best to think about directing efforts towards other markets.
Business in the
network define what your target market will take you to have a successful
business; some tips to keep in mind when starting a business if it is on the
Internet.
• Analyze the
feasibility of your project.
It is important to
know if there is interest in the product or service that you offer, for which
you should have done a preliminary investigation.
• The theme of your project you have to like
It is easier to devote the necessary time to something you like and which you have knowledge on the subject, you will find it rewarding and expand your knowledge.
It is easier to devote the necessary time to something you like and which you have knowledge on the subject, you will find it rewarding and expand your knowledge.
• Define the type of
visitor to your website you should have an idea of the type of person who will
visit, learn a little of their interests, so rich with more information to your
users.
• Analyze the market
in Internet reviews everything that already exists in the Internet market,
investigates how other companies are working, which are offering, ask them
questions or subscribe to its newsletters to learn how they are selling your
product or service.
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