Target-market-in-marketing-plan

In order for your business to succeed, you need to effectively get your product in the hands of the people who need it most. You need to find your target audience: the people who will be most likely to buy your product. Often times it can be difficult to fully understand your target audience and how to best approach selling to this audience. That is why it is so important to get to know your customers better. If you have solid understanding of the people who will be using your product then you will be in a much better position to both improve your product and sell more of it.

Challenge Your Assumptions

You should not assume anything when it comes to your business, especially your target audience. You should always ask yourself why you are targeting this group. Unless you have more than anecdotal evidence backing up your beliefs, you should be ditching these thoughts are really start getting to know who you are selling too.

Learn From Others

You are not the first person that has had to determine their target audience, and you won’t be the last either. Read up on some case studies or psychological analyses by marketers who have come before you. Your sources should range from industry reporters to general market researchers to even sociologists. Make sure that as you are doing this research you are focusing in on the data that is more relevant and recent as possible.

Create A Customer Persona

Now that you have enough data to begin forming some reliable conclusions, you can start crafting your customer persona. This persona should function as a fictional character who exhibits all the traits of a member of your target audience. Your data should give you good information on this fictional character, including age, sex, education level, and income. You can even take it one step further to include things like temperament, sensitivity and curiosity.

Conduct Surveys

In an effort to confirm your findings of your target audience, you should conduct some surveys of the people that use your product in an attempt to learn more about who they are. These surveys should be used to learn more about your consumers habits and why these use your product.

Look At Competitors

If you have more established competitors then chances are they have already done much of the market research and put it into action. If they target the same audience you do, observe and learn from the way they write and advertise their product to potential customers. Once you have a clear idea what they are doing, you can refine and improve this message in a way that shows the consumer why your product does a better job.

Look At Other Popular Products

You can learn from other companies besides just the ones you are competing with as well. Take a look at the products or services that your target audience is already using, even if it does not relate to your industry. Try to learn how these brands position themselves in the marketplace and the message they are sending to consumers.

Get Social

You can learn more about your target audience by interacting with them directly, via social media. Look at what topics they are following most closely or who they are interacting with most frequently. For some help on how to effectively communicate with consumers of your products, just take a look at how some other companies engage with their customers. Some good examples of companies that use social media correctly include Taco Bell, GoPro, and JetBlue.