The creative giants of the marketing world would not be so successful if they hadn’t first defined their target audience. Defining your target audience is the first step in developing effective marketing strategies for your products or services. Here are some helpful tips to help you define your target audience.
Definition of Target Audience. A target audience is a specific demographic group with characteristics, interests, and buying history that fits your product or service. Let’s quickly clarify the difference between a target market and a target audience. The target market is the larger market your product or service is intended for, i.e., small businesses. The target audience in this example would be local small business owners such as plumbers or marketing managers for small businesses.
How to find your Target Audience: After identifying the demographic characteristics of your target audience, the next step is to conduct market research. Gather information by interviewing potential customers while analyzing existing data and trends. Take detailed notes on your competitors, what has been successful, and what failures they have experienced. Most importantly, this is the time to define who your target audience is not. Setting up these parameters can save marketing budgets and products or services.
Dig into Analytics: Who visits and interacts with your content and where? Your social media followers will give you an idea of whom your current marketing strategies are appealing to. For your website traffic, Google Analytics is the place to start. You will learn demographics, topics of interest, search terms, and how they ended at your site.
Audience Profile: This is the final step! Developing a fictional buyer persona helps you visualize and understand your target audience better. Some information would include age, gender identification, industry, education level, household income, hobbies, location, platform preference, and usage.
Remember, defining your target audience is an ongoing process. As your business evolves, you must continuously test and refine your understanding of your target audience. Marketing efforts are only effective if you adjust to stay relevant. Ready to define your target audience? Let YCS Marketing help. We have the expertise you need to be successful.