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Who Is Your Market & Where Are They?

An important part of planning your business is to know who will use your products/services.

The vast majority of small businesses will rely on their communities for sales. It is in your best interest to get to know everything you can about your community, or the people who will use your business products/services.

Please don’t spend advertising dollars on people who don’t want or need your products/services. First, find out who are your potential consumers. Research by answering the following questions:

• Are most of them female?
• Are most of them male?
• Are they an even mix of male & female?
• What is their average income bracket?
• Where would these consumers generally congregate?
• What are their interests?
• What is the average size?
• What is their average age?
• What type of work do they do?
• Do they live in apartments, houses or rural areas?
• What is the average family size?
• Which radio stations would they most likely listen to?

Answering these questions will enable you to define the physical limitations of your business and build a profile of your average consumer. Some of the most successful businesses know exactly who they are catering to. With the answers to the above questions, you can formulate marketing strategies aimed specifically at those consumers.

Break it down into the types of people who live there, and you will be able to make informed marketing decisions. Find out the income levels of your average consumer that is vital to your business. Don’t waste your time trying to sell expensive items to low-income consumers. Study, your consumers habits.

Once you have a better idea of who you are targeting, you can then research the best way to advertise and promote your business.

All the best,
my first name sonia Who Is Your Market & Where Are They?

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Comments

[...] This post was Twitted by travelqueen353 [...]

[...] This post was Twitted by KeysToBusiness [...]

Thank you travelqueen353 for re-tweeting my article “Who Is Your Market & Where Are They” I do appreciate it ;-)

Thank you KeysToBusiness for re-tweeting my article “Who Is Your Market & Where Are They” I do appreciate it ;-)

Great questions to start your strategic planning, as well as the business planning. The market is what you need to conduct the other prediction. Thank you.

Thank you Jonathan for your comment. Yes, these questions are imperative to succeed in finding your market for any business. I’m glad you enjoyed the article “Who Is Your Market & Where Are They?”

Great post! This same sort of process needs to happen for the operations and product aspects of the business as well (asking a good set of questions) and then most importantly the plan needs to be executed. We have developed a manifesto on “Execution” that might be useful to your readers. http://bit.ly/M5Wj8

Thanks,

Ed Loessi
RapidInfluence
http://www.rapidInfluence.com

Thank you Ed for your comment. There are many marketing methods to find customers that will be loyal to ones business. Great customer service is also key.

Thank again for your comment on my article “Who Is Your Market & Where Are They?”

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