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In Marketing You Must Know Your Target
Identifying your marketing targets enables you to find
opportunities and tap into them. It gives you the information needed to focus
on the buyers that are interested in what you have to offer. This can save you
both time and money in an ever-changing society.
There are three prime areas that you must identify when it
comes to developing your marketing strategy. They include:
Target Market
Purchasing Target
Communications Target
It's not enough to be familiar with these terms, you must
understand how these components work together.
Your target market is who you aim your marketing efforts
to. This is the group that you want to sell your products or services to. They
have an interest in what it is that you have to offer. Your target market can
be broken down into segments that can include demographics, psychographics,
income levels, and age levels.
Your purchasing target are the individuals or businesses
within your defined target market that needs your product or service and can
actually afford to purchase it.
The communication that you use to target this market is
referred to as your communication target . It is the different methods or
styles that you will use to reach your defined target market or audience. The
message you send through your communication target can be presented both
formally or informally.
As you can see each piece is equally important and works
together like a jigsaw puzzle. By identifying and knowing who your target is it
is easier to develop your marketing effectively and aim for the bull's-eye. It
will enable you to design special offerings and promotions. It will also
increase your ability to convert your marketing efforts into sales.
Five Myths of Internet Marketing for
Independent Professionals
There's more marketing hype published on the Internet in
one day than P.T. Barnum generated in his lifetime. Like a worm swallowing its
tail, the Internet marketing beast feeds mostly on itself. The vast majority of
what appears on the Internet about marketing is designed to help you market
products and services sold and delivered exclusively on the Internet.
So what does that mean for the independent professional
whose web presence is primarily aimed at selling his or her own personal
services? You know, services delivered the old-fashioned way, by humans
interacting face-to-face or at least voice-to-voice. At best, the average
professional is likely to be overwhelmed by the sheer volume of Internet
marketing advice available. At worst, he or she is being seriously misled by
it.
The problem is that marketing your own professional
services is simply not the same as marketing a retail product or an anonymous
business service.
You can't sell corporate consulting like you do web
hosting; nor can you sell life coaching the same way you do an e-book. If you
try to market yourself by following advice designed for marketing Internet
products and services, you're likely to make some serious mistakes.
Here are five Internet marketing myths that may be
hazardous to the health of your business.
Myth #1 – It all starts with a great web site.
Actually, the place where it starts is with a well-defined
service. If you don't have a crystal clear picture of who you are marketing to
and exactly what you're selling them, the best web site in the world won't get
you clients. Before you even think about building a web site, you should know
who your target market is, how to describe your professional specialty, and
what specific benefits your work provides for your clients.
The content of your site is much more important than the
design. Yes, you should have a professional-looking site, but a brilliant
design and dazzling graphics won't pay off anywhere near as well as a clear
explanation of why a client should work with you. Useful material such as
articles, assessments, and other samples of your expertise will go much further
to persuade prospective clients than flash intros and interactive menus.
Myth #2 – More traffic translates to increased profits.
The only result that more traffic to your web site
guarantees you is increased bandwidth use by your web host. Before spending
money on banner ads, web directories, or pay-per-click listings to drive more
visitors to your site, you need to be sure that they'll want to do business
with you once they get there.
Ask your colleagues and current clients to critique your
site. Do they understand what you are offering? Can they see concrete benefits
to your target audience? Revise your site based on their feedback. Then
personally invite some prospective clients to visit and touch base afterward.
Do your prospects seem more inclined to do business with you after seeing your
site? If so, you're on the right track. If not, you still have more work to do.
Myth #3 – Do whatever it takes to build your list.
There's no question that a substantial opt-in mailing list
is a valuable marketing asset, but the quality of names on your list is much
more important than the quantity. Acquiring names through giveaways of other
people's material, trading lists with joint venture partners, or purchasing
them from a vendor rarely provides qualified buyers truly interested in your
services.
Absolutely, ask your site visitors and people you meet to
join your mailing list and offer them something of value in return. A
well-written ezine, helpful report, or informative audio are all effective
premiums. But, your premium should be directly related to the services you
provide and also serve to increase your professional credibility. Names
acquired from promotional gimmicks or unknown sources seldom turn into paying
clients.
Myth #4 – Killer copy is the secret to sales.
Hype-laden web copy may be effective in selling certain
info-products or courses, but it hardly inspires trust. You're not going to
convince anyone to hire you individually as a consultant, coach, trainer,
designer, or financial advisor by offering "not one, not two, but three
valuable bonuses" as if you were selling steak knives on late-night TV.
Your Internet marketing persona should reflect the same
professionalism as the work you do with your clients. If writing marketing
materials isn't your forte, by all means hire a professional copywriter. But be
sure you hire one with experience writing for professionals like yourself. The
copy on your web site should inspire feelings of confidence about your
abilities, and communicate your reliability and solid qualifications.
Myth #5 – Just follow the winning formula and you will
get rich.
There's only one surefire recipe for Internet wealth I know
of, and that's the business of selling surefire recipes. There seems to be an
infinite number of buyers for every new get-rich-on-the-net scheme that is
invented, but paradoxically, a precious few people actually making money on the
web.
The Internet may be a different medium for marketing
professional services than making calls, writing letters, or speaking to people
in person, but the same time-honored principles still apply. There is no new
winning formula. The secret to landing clients is what it always has been --
build relationships and get people to know, like, and trust you.
If your web site, ezine, and other Internet-based
activities contribute to building long-term, trusting relationships with
prospective clients and referral sources, you'll get business on the web.
But if you blast your message out to
anyone who will listen, aiming for a quick profit, the Internet won't bring you
any more business than standing on a street corner with a megaphone.
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