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How To Increase Income

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Target marketing is one of the keys to a successful sales marketing program and an important part of your sales training. Starting your marketing efforts without first identifying your target market is like trying to hit a target with a bow and arrow blindfolded. A very small percentage of the arrows will hit the target.



Every product or service is desirable to a definable group of people. To have greater success in less time with your marketing efforts, spend time identifying your target market.

The Three Best Ways to Target Market

The first area to consider when researching your target market is geographic, people or businesses in a certain area. Get to know the geographic area you are considering by driving or walking through it. You can tell a lot by the things you see if you pay attention. Make sure the area works for your particular product or service.

The second area is demographic. Demographics are the basic qualities and characteristics of your target market. They include age, gender, culture, employment, industry, income level, marital status, etc. Collecting information about your current or past clients may help show things they have in common which will help in future marketing.

The third is psychographics. These are made up of the emotional and behavioral qualities of your target market. They include the emotion, reasoning, psychology, logic and thought processes behind your target markets decision to buy your product. It's really important to understand what motivates them to buy.

Gather Information on Your Target Market

Take time to do the research to find your target market. Go through the list of your past clients. List the characteristics of the clients who've purchased from you. What do they have in common? Take a survey of your past and current clients. Ask them questions like:

* Why did you buy my product or service?

* Why did you buy at that specific time?

* Why did you buy right away or take your time?

* What do you like best about my product or service?

* What do you like least?

* Would you refer others to me? If not, why not?

* What specific benefits do you see in my product or service?

I think you get the idea. Take your time. Get as much information as you can to develop a profile of your target market. You want to know not only who buys from you (demographic) but, more important, why (psychographics).

Take Over the Market

Now that you've found your target market, dominate it. When I sold real estate we called this "farming". I visited my target market frequently knocking on doors to introduce myself as the expert in the area. I would send out a monthly newsletter, deliver suckers, refrigerator magnets, pens, anything with my name on it. Some people handed out pumpkins at Halloween. There are many creative things you can do. Is it a lot of work? Of course, however it pays back huge dividends.

By using target marketing you concentrate your marketing efforts on prospects that will most likely do business with you. You'll also increase your closing ratio, income and stop wasting time on low profitability prospects.
How To Increase Income
It takes time and planning to position yourself as an expert or specialist in your field, but it's well worth the effort to make this approach a part of your long-term marketing strategy. The media will call you, associations will ask you to speak at their events, and you will start to stand out, get noticed, and get hired.

Here are seven advantages of declaring expert status in your micro-niche:

1. You will attract more business with less effort.

As a specialist you can attract more qualified prospects and clients with much less effort than a generalist. This is a big advantage of being perceived as an expert in your in niche.

2. People call you rather than you having to call them.

Experts are sought after by clients, organizations, associations, and even the media. Wouldn't it be nice to have all your calls incoming rather than outgoing?

3. You are more easily referable.

When people know exactly what you do and who you do it for, they're happy to pass that information on to people they know who could use your services.

4. The media will be interested in interviewing you.

People in the media are looking for experts to interview or write about. Do something to stand out or be newsworthy so you'll get noticed. You can develop a media kit to make it easy for them to contact you.

5. You can virtually eliminate competition.

You can stand out as the top person in your field by positioning yourself as the best at what you uniquely do in your particular micro-niche. This approach has the effect of removing any threat from competition.

6. No need to sell your services.

Rather than trying to sell yourself, you get to provide information and offer solutions to problems. Over time, people come to know, like and trust you and are then ready to hire you without you having to sell them.

7. You can command much higher fees.

One of the biggest advantages of positioning yourself as an authority in your field is that you can charge much higher fees for your specialized knowledge than you could for more general services.

Some things you can do to start to position yourself as an expert include:

Writing articles in your area of specialty

Publishing a newsletter or ezine

Speaking on your topic everywhere you can

Gathering client testimonials and success stories

Starting a blog or podcast

Sending press releases to local media

Giving radio interviews

Writing a book

Positioning yourself as the go-to person in your field is a smart marketing strategy.

It takes work, a good plan, and support to achieve expert status, but it's well worth the effort.

Start by believing in your own expertise. Then, step-by-step start to position yourself as a credible authority. Over time, you can declare expert status.
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About Author
Both Jim Klein & Jan Marie Dore are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Jim Klein has sinced written about articles on various topics from Small Business, Sales and Negotiation and Prospects. Jim Klein provides salespeople with effective strategies that attract new clients, build customer relationships, and increase sales, GUARANTEED.. Jim Klein's top article generates over 14800 views. Bookmark Jim Klein to your Favourites.

Jan Marie Dore has sinced written about articles on various topics from Business Promotion, Marriage and Family. Jan Marie Dore, "The Women Entrepreneurs Success Coach," helps women business owners and independent professionals attract more clients with creative marketing strategies. Get her marketing tips and FREE report '7 Critical Women Small Business Marketing M. Jan Marie Dore's top article generates over 22200 views. Bookmark Jan Marie Dore to your Favourites.
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