What Is The Difference Between Your Customer Base and Your Target Market?

19 May

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Your “Customer Base” is not the same as your “Target Market”.  There is a world of difference and without having a clear understanding of just what that is and how to identify your “target market” you can’t expect to grow your business or perhaps even stay in business for very long.  Your target market in not WHERE you sell your products and services, but rather WHO most urgently needs your products and services.  It’s critical that you identify this information for the success of your business as quickly as possible.

 

Your “Marketing Message” should identify a FEATURE of your product or service and the ADVANTAGE and BENEFIT of owning and using your product or service.  Let me explain it this way.  State a selling feature of your product or service.   Next state an advantage of that feature such as more power, ease of use, better function, etc.  Now state the personal benefit your customer will enjoy when they own your product or service.  You have just created your marketing message and your sales tool that will help your generate more profit and we all like that.  Here is a little tip. A Feature is a type or quantity of something. It is also a logical or intellectual statement.  So you want to see feature specifications spelled out clearly in black and white.  Advantages and Benefits are a quality or condition of something, have an emotional value, and are best conveyed by the use of something visual such as a photo or physical display. Each product or service type should have its own “Marketing Message” as well as one over-all Marketing Message for your company.

 

If you have never had any experience identifying your target market or creating your marketing message before, I know that it can feel a little daunting, but I have the cure for that. I have created The Small Business Toolkit to help you.  If you have a different resource, that’s okay.  It’s just important that you do it.  There is a lot more to it than what I can convey here but I hope this has helped a little.  In The Small Business Toolkit I have already done most of the work for you so all you have to do is just fill in the blanks to a few questions and wha-la, you have identified your target market and created your first marketing message!  These two things are worth their weight in gold as far as generating sales and growing your business.  If you would like to start generating more sales this week just click on the link below now!

 

http://www.alexzandrad.com/bookstore

 

I love hearing from you so keep those comments and questions coming!  I read them all and do my best to answer each and everyone as quickly as I can.  Enjoy!

 

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