by Rajen KumarMiddlemen Rule PSU Banks
The Union Finance Ministrys recent advisory to the public sector banks to take a tough stand while sanctioning loans to the corporate houses is, to say the least, amusing. The advisory,...
Special ReportsOct 2013
Association of Healthcare Providers India AHPI represents the vast majority of healthcare providers in India to work as not for profit organization for advocacy with...
Improve your marketing effectiveness - Target the right niche market
If you're like most small business owners, you're thinking about what you want people to know about you, your products or services, and your business. And you're also probably thinking about your own wants, needs and goals (IE: getting the client or making the sale).
This is perfectly natural and all well and good. But if you really want to make more sales with less struggle, you've got to shift your mindset and put yourself in your ideal client's or customer's shoes. Then talk about what's important to them.
Make It All About Them
Because here's the thing…your prospects don't care about you, your goals, your background, your training, your company history, or your processes at least not right off the bat.
What your prospects care most about is what you can do for them!
First they want to know if you have what they need. Then they want to know how your products and services will benefit them. Without that info most prospects aren't going to buy.
Why would they? Very few people spend money for no good reason especially these days.
So give 'em a good reason!
Explain exactly how what you offer solves their problems, fills their needs, fulfills their wants or helps them achieve their goals. Then, they're going to be very, very interested. Provide proof of results and they might even buy on the spot.
Define Your Audience of One
The tricky part is that different people have different wants, needs, problems and goals.
Consider a 22-year old single mother working two jobs, making 35k a year versus a successful, married professional woman in her forties with two kids in college. Both are moms. But even if they bought the same things it would likely be for different reasons, because their wants, needs, problems and goals are different.
So if you try speaking to all moms at one time you probably won't connect with any of them.
Instead, narrow your target market down to a tight niche (IE: from women to moms to first-time mothers of newborn girls). Now go further and describe your ideal client as a single person with a name, background, maybe even a photo. Then literally write/speak to just that one person in your marketing and advertising.
Maybe you're thinking, “Stacy you're crazy! If I narrow my target market like this I'm going to lose all kinds of potential clients and sales.” Not true!!
The most effective marketing and advertising is like a one-on-one conversation between the writer and the reader.
When your ideal client sees or hears your marketing or advertising messages, they should feel like you're speaking directly to them….That you understand their specific problems, wants, needs and goals…and that you can help. This won't happen if you're talking to everyone with a wallet.
Plus, once you know exactly who you are selling to, it's much easier to find and get in front of them. And way cheaper and more effective than trying to reach everyone who MIGHT buy.
- Winner of appreciation award for promoting SMEs in India.
- 1st ever Indian magazine to penetrate tier II, III cities & the rural belt.
- Industry Partnerships include CII, FICCI, ASSOCHAM, PHDCC, AIMA, ITPO, SME Network, Federation of Indian Micro Small Enterprises (FISME)
- Official Magazine Partners for several national & international MSME events.
The Last Word
Of the 80 odd seasons that he has been through, he savoured less springs and suffered more rains, proverbially. Not that time took a toll on his age, it was his own siblings who dumped, nay disowned,...
We are looking for writers and experts to contribute original stories and articles. Send an email to firstname.lastname@example.org with your story idea and lets get talking.