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Knowing your Target Market

September 16th, 2009

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Performing some target market research is an essential step I see many new marketers failing to do on their quest to succeed online. Disregarding this important foundation piece to any successful marketing plan can lead to frustration fast. One may think they are doing all the right things by following all of the marketing steps to drive traffic to their site and still find that they are not profitable. One of the leading causes for this is that the marketer did not perform any research of their target makret prior to embarking on a promotional campaign.

Think about it, how can you know what to sell to your audience if you have no clue as to what they want? It’s important to note that it really does not matter what you think they want, you must find out what information and products your target market is yearning for. And it must be as specific as possible. Finding this out will surely improve your results.

As an example, let’s take a look at the internet busines niche. Say you have found some forums, or other type of place that your audience roams, such as the many list building programs in that area – List Joe, Viral URL, and The List Auction for example. While yes, you know these folks are interested in building the best internet business they can, you still don’t know what they really want. So you can start to build a list of these folks by sending out some free reports in the internet business arena. Once you have a decent amount of leads, you can survey them easily using free programs like Survey Monkey. Now you can ask them any question you would like in an attempt to find out their wants, needs, struggles, etc. Doing this once I found that my audience in some of my lists were not necessarily tring to get super rich, they just wanted to make a few hundred dollars a month for extra spending cash. They also wanted to easily copy and paste something without any type of technical know-how needed because they didn’t have time to learn all the things necessary to build a business that way. Learning this, I found a cheap program that was easy to follow and implement, and quickly created a little stream of income for myself just by asking a few questions. Now we can get far more specific as to what our lists want, but still this was a good example as to how a few simple questions can lead to making money online fairly quickly if done correctly.

This same process works whether you have your own offline business, or you are selling dog training products online. Knowing your target market, narrowing exactly what they want, and offering them what they are looking for will bring you success much faster than just blindly promoting anything to anybody who happens to hop onto your website.

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