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The single key to your business success is to first define the demographics & psychographics for your audience. This varies for each business, and it depends on several factors, you can do a business brain dump to get more ideas for yourself. Here's a few areas we tend to start with.
Confirm the demographics for the customer you're targeting. This could be as simple as you going to a conference and surveying a few people or reaching out to people who comment on websites that target the customer interests you're looking for. Once you know who you're looking for and what they look like you can move on to the next tips to supercharge your small business... Step 3: Your target audience needs to meet (at least) two criteria.
There are two basic ways to determine whether your target audience is actually willing to give you money for your stuff. 1. Ask them. I personally avoid this method as people often make the mistake of telling you what they think you want to hear in stead of the truth. 2. Presell your product. Once you've finished your other research (e.g. target profile interview, triggers, problems, etc.). You can put up a sales page or micro site to test customer interest. If you're able to get a small amount of orders from the target audience you selected in steps 1 through 3 (which could be as little as 3 to 4 orders depending on your industry), you'll have more confidence in moving forward with that target audience. Caution: Most people stop at step 3 which usually turns into a disaster later on (e.g. target the wrong customer and they refuse to buy). Once you've completed step 3 there's more work to be done. |
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