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    Marketing: How to Identify Your Target Audience
    James Nagy
    / Categories: Marketing
     

    Marketing: How to Identify Your Target Audience

    A necessary step in every single marketing strategy that your business will execute is identifying who exactly your target audience is. Does your business sell a variety of products or services? Then this may be an even bigger job. Defining your target audience truly is the foundation to your marketing strategy of any kind. Consider this: the more accurately you can define your audience, the more closely you’ll be able to focus your advertising.

    So, how exactly should you be identifying your target audience?

    Compile Current Customer Data: A great first step in determining who is likely to buy from you is identifying who has already purchased from you in the past. What are the characteristics of your current customers? Age, location and spending habits are all important. Equally important though are the interests of the customers, the stages of life they are in and the reason that they are engaging with you in the first place. What need are you filling for these current customers? The answer to that question goes a long way in determining who your target audience has proven to be so far and who you should be focusing on in the future.

    Check Your Analytics: Unless you are a business who has a handful of clients vs a large amount of one time customers, you may have a hard time putting together all the data you need to understand your current customers. Website and social media analytics can bridge those gaps in data. These analytics can tell you who is interacting with your brand, where traffic is being driven from and additional details like age, gender and location that you might not already know.

    Study Up On the Competition: Who is your competition? Now, who is engaging with your competition? These people are potential customers. Studying the competition is a great way to identify your target audience and also to identify strategies that are working or that are failing. You can use the growth (or flops) of your competition to improve on and set your own business up for success.

    Test Your Compiled Audience with Ads: Once you have a clear indication of who your target audience should be, you can put that audience to the test with targeted ads. A targeted ad includes plugging in all of the data you’ve collected such as age, location, gender and interests. It also goes beyond that. When you’ve identified your audience, you should go beyond plugging in the target of the ad to choosing ad images and text that also appeal to your intended audience. Set up ads from beginning to end with your target audience in mind. Watch the results and adjust accordingly.

    Continually Re-Evaluate: As with most things in business, audiences change over time. Identifying a target audience is not a one time occurrence. Schedule time periodically to run through the same steps to refresh your audience. You want to be sure that you are staying ahead of the changes.

    Audiences evolve over time. Your marketing approach should be evolving as well. What steps have been most valuable to you in identifying your target audience? Comment below!
     

     
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    James Nagy

    James NagyJames Nagy

    Looking for a business consultant, how can I help? As Co-Founder and Managing Partner of J&S Tech Designs, I have three decades of experience and expertise to share with you and help your business, product, or idea thrive.

    Other posts by James Nagy
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    Full biography

    As a strategic leader and entrepreneur, James Nagy has a record of generating growth by leveraging the latest technologies to drive sales, marketing, product development, and profitability. He is known for identifying and capitalizing on market trends, developing effective tactics for implementation, enhancing operating performance, and serving as a trusted advisor and business partner. Skilled at working across operations, James builds strong, cross-functional relationships and communicates complex technical information to diverse internal and external stakeholders.

    A big picture visionary, James identifies and reacts to market trends, providing disruptive strategies that go beyond IT to include sales, marketing, and product portfolio management. Building on his experience as Director of Software Development with premier companies Midas International Corporation and SXC Health Solutions, Inc., James launched two successful consulting companies, Sprocket Websites Inc. and J&S Tech Designs. As the Managing Director, he provides innovative solutions to clients in small- and mid-cap companies.

    When he is not advising other business leaders, James lends his expertise to a variety of organizations. He is a Founding Member & Committee Member of the Greater Conejo Valley Chamber of Commerce; he serves on multiple teams and committees for the Naperville Area Chamber of Commerce; he is a Founding Member of the Chicago Area DNN User Group, and he serves on the Board of Directors of the New West Symphony. In his free time, James enjoys Sci-Fi, coin collecting, traveling and wine tasting.

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