3 Simple Steps for Better Marketing Results by Defining Your Ideal Target Market

Buyer Persona

 

Do you want to see more results in your marketing campaigns? Follow the three steps below and watch your marketing return on investments increase.

Every marketing book mentions that you need to identify your target market. The problem with this is that most of these books don’t give you an easy way to define that ideal target market. Instead, they suggest you to do complex studies and research on your customers. This research is a great way to understand your clients in detail. The problem, however, is that most small businesses don’t have the resources to come up with this detailed and costly research.

To make it easier for you, below I share with you three simple steps that will help you have a very good understanding of your ideal target market.

1. Select your best clients.

- The first step is to define which customers bring you more profit and positive reviews. These are the clients that spend more money and, at the same time, invite their friends to your shop and/or leave positive feedback through your social media platforms.

2. Define their demographics and behaviors.

- Now that you have made a list of your best clients, study their demographics (age, gender, income, etc.) and understand why these people consume your products. What are the reasons they come to your shop to buy your products? Another aspect that you should study is if they have any other interests in common (ex: They all like to watch football.), so you could also engage with them in other experiences without just selling them your products.

3. Create your ideal client persona.

- The third and last stage is where you will combine the information above and create a modeled representation of your ideal client. Give him/her a name, age, what drives him/her to your shop, along with any other interests and behaviors they have. Please see the attached image as an example.

After you have done this exercise, every time you write an email, a Facebook post, or a newspaper ad to promote your products, look at your ideal client persona file and address it to him like he were a real person. I guarantee you that this will bring you more marketing return on investment.

—-

Did you enjoy this post? To read my weekly insight on marketing and small businesses, just add your email at the “Want More” bar at the top of this page.

facebooktwittergoogle_pluslinkedinmailby feather

Why Great Ideas Are a Problem for Building a Successful Business

business ideaIf you are very creative and full of revolutionary ideas, be careful. It’s more than likely that they won’t take you much further in your professional life than you already are. Keep reading if you would like to know why making your clients’ lives easier by helping them in their small challenges is a much easier and more profitable bet, than inventing that new revolutionary product you have in mind.

Just think about shampoo. Before shampoo was invented, people used a combination of soaps, perfumes, and oils to treat their hair so it would smell nice and look clean. Then in 1898, Hans Schwarzkopf, a chemist from Berlin, developed a water-soluble powder shampoo that mixed those same soaps, perfumes, and oils. His product became so popular that he quickly started selling his powder to all the local drugstores in Berlin.

So, if you can make your target market life easier, you will get customers ready to buy your “solution” quicker without having to spend large amounts of money in marketing. If you are dreaming of developing the next great invention, even if it really is great, you will still take a large financial risk in order to communicate and explain your invention to the market.

What are your customers’ challenges? Have you ever taken the time to ask them?

facebooktwittergoogle_pluslinkedinmailby feather

Why You Should Start Your Business Today Without Fearing the Competition

competitionAre you afraid of the competition? Don’t be! You should start your business where the competition exists. Don’t agree? Keep reading, and I will explain you why.

Would you like to open a casino in Macau? As you may know, there are plenty of casinos around the city of Macau; yet, many would like to open new casino properties. Why? If people are already gambling and spending money on a product or service, then two-thirds of the work is already done. They already understand and value your business idea, products, and services.

So, if you are feeling that this is the right time to start your own business, go ahead and use the leverage from the already existing competitors’ efforts in creating a need in your kind of product.

To start, write down your business plan with a clear picture of what will make your product significantly different and better than the competition’s, as well as what will make your product shine above the rest in the eyes of your target market.

facebooktwittergoogle_pluslinkedinmailby feather

Six Restaurant Marketing Steps That Drive Results

MarketingBoardMost marketers make their profit by “selling” their hot ideas of the month to their leads (ex: You need to buy Facebook ads!). These are easy ways for marketers to make a quick sale, but these quick and miracle strategies don’t really provide a good long-term return on investment. These tactical activities, if well “designed,” will get your target market attention and help you on stage two of the successful restaurant marketing cycle described below:

1. The potential customer has the desire/need to go out and have a meal.

2. This same potential customer hears about your restaurant and has a good first impression. This first impression can be obtained by a referral, an online visit to your website/Facebook page, a Google search on restaurants in his area, etc.

3. He decides he should try and visit your restaurant.

4. He visits your restaurant to experience your product. You offered him a remarkable experience.

5. He decides he must come back and invite his friends and family (Note: In this case, his/her friends jump to step 4 without the need to experience steps 1, 2, and 3.).

6. He talks good about his/her experience online and offline to his friends and personal contacts (Note: These friends and contacts start on step 3.).

Looks too complicated? It isn’t! You just need to focus on steps 2 and 4, and the others will happen automatically.

Are you following a similar marketing strategy? Does it work?

facebooktwittergoogle_pluslinkedinmailby feather

How to get your competitor restaurant customers to your door?

You have an excellent restaurant, and you are wondering why your competitor is so busy and you not?

This is a question that comes many times to the heads of restaurateurs. If you offer a similar restaurant experience in the mind of your customers, the answer to the above question is: Marketing!

Below is a suggestion that I recommend if you are having this problem.

Study your competitors marketing tactics that are working. You may find out that: they send out a weekly email newsletter that is converting their first time customers into regulars, or they have been working with a marketing company/ consultant to enlarge and engage with their facebook page fans.

Whatever is the reason that is working for them, you should consider using a similar marketing strategy with some modifications in order to make it even stronger and more engaging. If it is working for them, it should also work for you! Additionally, if your opponent is having success with its strategy, he is not spending his/her efforts on improving it, that increases your success probabilities.

Do you know what marketing strategies have been working for your competitors?

facebooktwittergoogle_pluslinkedinmailby feather

If your restaurant isn’t good, your restaurant marketing can’t be good!

All restaurants need a good marketing plan. When well developed this plan will help your sales and customer retention, but before you start developing your marketing plan you need to be fully confident on your restaurant qualities and its strengths against the competitors. If your product isn’t good, your marketing can’t be good!

The passion about what you produce in the kitchen and the ambience you offer to your clients is your marketing foundation. You need first to fully believe in your restaurant quality, and its ability to satisfy your customers in order to develop your marketing strategy. If you don’t feel that you have a great restaurant “one that your customers will be pleased to patronage and pay the bill”, you will need to work on your product first before you start creating your marketing plan and tactics. You should first study what your target market is looking for (price; portion size; service speed; etc..), and only after learning about your customers necessities and desires, you start developing your product in order to accomplish what your customers are looking for.

When you know that you have a great product that will definitely please your customers, then you can start promoting it. At this stage, your marketing plan and promotion tactics will be very easy to be developed and to achieve great results.

In summary, if you offer value for money to your target market, go outside and promote it! If not, go back to the kitchen and revisit your menu, pricing, service etc… until you are confident that your product will sell!

facebooktwittergoogle_pluslinkedinmailby feather