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How to Target Your
"Perfect" Market or Audience
by Michel Fortin
The following represents the
Success Doctor™'s Market Targeting Model (a format to follow
when targeting an audience, or while engaged in any targeting activity).
It's in the form of three concentric circles, like a bull's-eye, as
follows:

How it Works
Applying the targeting model is
simple. Each circle represents a different level in the targeting process
-- the center being the first and so on. The bull's-eye, the center, which
is your "perfect customer" or "core product" (actual benefits or results
your product delivers), should be your main aim at all times.
The second level are things that are related to your perfect customer or
core product. The third level, while not related, are things that are
oriented towards your perfect customer or core product. As the adage goes,
"fish where the fish swim." Find places, events or publications that meet
any of the three.
-
The Center (Bull's-Eye):
It's what pertains directly to your target market or core
product (your core product being the main benefit or result you offer,
and not just the product itself). In other words, it's anything that
meets your perfect customer profile (and does so immediately and as
specifically as possible). Things like demographics, psychographics and
geographics are included (such as age, marital status, income level,
location of residence or work, hobbies, product benefits, job position,
history and industry, brand names, activities, product uses, extended
features or services, etc).
-
The Second Tier (Middle
Layer): It's what pertains indirectly to your target
market or core product. Stated differently, it's anything that
relates to or logically fits in your perfect customer profile
(but is not connected to it). This includes things such as direct
competitors, complementary products, ancillary products, additional (yet
indirect) benefits (such as other uses for your product beyond the norm
or common), common threads among one or more segments of your
demographics, related industries, etc.
-
The Third Tier (Outside
Layer): It's what does not
pertain at all to your target market or core product but somehow
meets any of its elements in some way or another. In other words,
it's anything totally unrelated to your perfect customer profile but
matches or is oriented towards any of its areas. Examples are
unrelated industries with which your customer is associated, other
businesses patronized by your customer, other products your perfect
customer has consumed, indirect competitors (i.e., different products or
benefits that either replace or supercede yours), unsought benefits your
customer might enjoy and benefits of other, non-competing products.
An Example
Here's a real-life example. Let's
say you're in the computer sales business. Your perfect customer is a
person aged between 20 and 35, earning around $30,000, living in the
eastern part of the United States and working in the information field
(e.g., accounting, high tech, engineering, architecture, etc).
The center or bull's-eye would be to target that perfect customer as
specifically as possible. Computer-related magazines, shows, websites,
tradeshows, ezines and directories, among other types of media, should be
first on the agenda -- wherever your perfect customer is targeted, based
on the qualities and characteristics of your product or customer, should
be your first goal.
The second tier are areas that are indirectly related to your perfect
customer or product. Your goal would then be to target markets that are
similar to your own or somehow logically fit into your target market as
well -- in short, other related publications, businesses or areas that
target your perfect customer too.
Areas include software magazines, trade publications, technology websites,
industry associations, non-competing businesses, etc. An example would be
other websites selling computer peripherals or software your perfect
customer would need or enjoy, such as an accounting software package.
The third and final tier consist of totally unrelated areas that target
your perfect customer (or any one of its characteristics). Let's say,
through some research, you found that a large percentage of your target
market are coffee drinkers. Then areas you would seek are, for example,
coffee-related websites, specialty coffee magazines, coffee product stores
(e.g., coffee maker companies, mugs, espresso machines, etc), restaurants,
books on coffee and so on.
More In-Depth Examples
To illustrate how the targeting
model is applied, read Mike's answer to one of his
subscriber's
questions at http://SuccessDoctor.com/question12.htm. If
you have a question,
contact Mike at http://SuccessDoctor.com/contact.htm.
Questions are selected on the basis of originality and universality (it
must appeal to as large of an audience as possible). If selected, your
question will be published in a future installment of Mike's newsletter or
on his website.
About the Author
Michel Fortin, of
http://SuccessDoctor.com/,
is a marketing professor and a highly sought-after consultant whose advice
has helped countless clients earn millions in record time. His latest
book, "Power Positioning Dot Com," reveals how to keep your business or
product indelibly carved into your prospects' uppermost consciousness at
all times -- see
http://successdoctor.com/pp/. |
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