Your Most Profitable Target Market - Audio


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Your Most Profitable Target Market - Audio

  1. 1.<br />
  2. 2. UNIQ Online Marketing Masterclass 2<br />Your Most Profitable Target Market<br /><br />
  3. 3. Your Target Customers <br />Identify who your most profitable target customers are and you will know: <br /><ul><li>Where you can find them
  4. 4. How to sell to them
  5. 5. The right marketing activities
  6. 6. How to engage them</li></ul><br />
  7. 7. Who’s Who?<br />Buying a gift for someone you do not know is nearly impossible without knowing some basic details.<br />In exactly the same way it is vital that you find out exactly who your most profitable target customers are, as well as their needsand desires.<br /><br />
  8. 8. The most common mistake small businesses make is that they try to target everyone.<br /><br />
  9. 9. Have you got millions to spend on your marketing?<br />Identify niche target markets you can put all your efforts and resources in to. <br />No?<br /><br />
  10. 10. Identify one or two niche markets then specialise and target them.<br /><br />
  11. 11. What is Target Marketing?<br />Breaking a market into smaller segments and then concentrating your marketing efforts on one or two of them.<br /><br />
  12. 12. What is a Target Market?<br />The two key things in target marketing you need to understand are:<br />2. Know who your golden customers are<br /> 1. Target your most profitable customers<br /><br />
  13. 13. Why is it Important?<br /><ul><li>Business and marketing success
  14. 14. Show me the money
  15. 15. They are not a customer until they buy
  16. 16. Desires, needs and the future</li></ul><br />
  17. 17. Who is your golden customer?<br /><br />
  18. 18. When you know who they are you’ll see them everywhere.<br /><br />
  19. 19. How do you identify your golden customers?<br />There are 3 characteristics that determine who your golden customers are.<br />Ask yourself these questions: - <br />Who offers the most profitable work?<br />Who values the work, products, services you offer the most i.e. who benefits the most?<br />Who would be a really good case study?<br /><br />
  20. 20. Top Tip!<br />When identifying who your golden customer is ,always have that one individual, one person in your mind.<br /><br />
  21. 21. Getting to know you…<br />There are three ways in which we profile customers: <br />Demographics – age & gender<br />Sociographics– society status i.e. lower, middle or upper class<br />Psychographics – lifestyle, behaviour & attitudes<br /><br />
  22. 22. Getting personal…<br /><ul><li>The emotional hook
  23. 23. Pain versus pleasure
  24. 24. Fear or desire
  25. 25. Defining customer characteristic
  26. 26. Baby, baby</li></ul><br />
  27. 27. A final word…<br /><ul><li>Target marketing = niche marketing
  28. 28. Business and marketing success
  29. 29. Golden customers are your most profitable customers
  30. 30. Demographics, sociographicsand pyschographics
  31. 31. Pyschographic profiling is values, attitudes and lifestyle
  32. 32. Emotional hook – the emotional reason and motivation behind why your customers buy</li></ul><br />
  33. 33. Get so close to your customers you can smell them.<br /><br />
  34. 34. For help and support with Module 2, Session 1, <br />contact me, Ruth McKay: <br />Email:<br />Tweet: @UNIQ_Academy<br />LinkedIn: UNIQ Discussion Group<br />We’d really like to know what you think of this lesson so please spare us two minutes to answer 5 short questions and tell us what you really think.<br />Next week: Your Most Profitable Target Market<br /><br />
  35. 35. Additional Resources<br />To find out more about identifying your target market, login to and access exclusive articles from our library<br />Find and Sell To Your Target Market <br />Find Your SME Target Audience<br />Not Everybody Is Your Customer <br />Target Market Demographics <br />Target Markets with Twitter<br /><br />