Want a simple, low-cost way to boost your sales? Just uncover the narrowly defined sub-markets hidden in your main market. Then create special versions of your advertising to focus on the specific needs of prospects in these hidden market segments.
1. How to Find Your Hidden Markets
Start by evaluating your existing customers. Look for groups of customers with similar characteristics you do not currently cater to in your advertising. Then create new versions of your sales message appealing to their specific needs. You will attract a lot more customers just like them.
For example, the owner of an accounting service marketing to small businesses noticed that many of his new clients were landscapers or insurance brokers. Therefore he created separate web sites highlighting the unique benefits his service provided to clients in each of these businesses.
The two sites looked similar, but their sales content was customized to appeal to the specific needs of potential clients in each market. Visitors to either site probably assumed he specialized in working with companies in their industry. Within 2 months he was able to increase the number of new clients from each group by over 25 percent.
Tip: You can also narrow the appeal of an existing web site without losing its effectiveness with your main market. Just create customized web pages for each market segment you want to target. Then add a link to each of these specialized pages on your home page.
2. Adapt to Your Customers and Become a Specialist
As you work with a lot of customers and prospects in a narrowly defined market, you gain special insight into how they think and what they need. You will be able to communicate with them as in "insider" using their own special vocabulary and style.
Prospects and customers will think of you as being "one of us" ...a specialist who caters to their unique needs. They will want to do business with you because you understand their special situation and know exactly what they need.
As a specialist you also eliminate much of your competition ...even if their prices are lower. Most customers will pay a little more to buy from a specialist so they can avoid the risk of doing business with a competitor who has little or no understanding of their special needs.
Bonus: When you deliver results as a specialist you also establish yourself as an expert in your field. Customers will proudly refer other prospects to you. They appreciate what you did for them and are confident you will deliver the same results for others.
You can boost your sales significantly by using the two simple, low-cost steps revealed in this article. Just (1) identify the narrowly defined sub-markets hidden in your main market. Then (2) become a specialist catering to the unique needs of the customers in each of these sub-markets.
Copyright 2005 Bob Leduc
Bob Leduc spent 20 years helping businesses like yours find new customers and increase sales. He just released a New Edition of his manual, How To Build Your Small Business Fast With Simple Postcards ...and launched *BizTips from Bob*, a newsletter to help small businesses grow and prosper. You'll find his low-cost marketing methods at: http://BobLeduc.com or call: 702-658-1707 After 10 AM Pacific Time/Las Vegas, NV
Certainly the newest earth quaking event in Internet Marketing insider... Read More
When used correctly, testimonials can boost your response dramatically. They... Read More
I'm always amazed that people would spend months to develop... Read More
I'm big on getting maximum marketing exposure at the lowest... Read More
How smart is your marketing? Do you follow the crowd... Read More
Don't get me wrong. I certainly don't think the majority... Read More
The term business marketing strategy might sound like it is... Read More
More and more people are realizing that the Internet offers... Read More
Email CampaignsEmail marketing can be a tremendously valuable tool for... Read More
If you're looking to drive more targeted traffic to your... Read More
RESOLVING THE "PROPRIETARY" DILEMMA... SHOULD YOU RENT YOUR OWN MAILING... Read More
THE GREAT MAIL ORDER MYTH There are a number of... Read More
Every business needs customers, but more importantly every business needs... Read More
5000 B.C. -- somewhere near a cave in MontanaOg the... Read More
Are you market products and services using PPCs? PPC Advertising... Read More
There are many mailorder publications that will list... Read More
You can make the sale. You know your core message.... Read More
Brochures have become vital in today's workplace, serving a wide... Read More
There are several color formats and systems available for mixing... Read More
The writing of good classified ads truly is an art... Read More
It used to be if you were a small business,... Read More
December marked the 40th anniversary of the original broadcast of... Read More
Want to learn how to lose a billion dollars?Just follow... Read More
How To Save Yourself From The Pits of Marketing Cyber... Read More
Interpersonal Communications is the transmission of information from one person... Read More
An international hair-cutting chain opened a new store directly across... Read More
Organizations often get stuck in neutral when it comes to... Read More
As a life-long dancer, I know a bit about the... Read More
What You Say, Who You Say It To, How you... Read More
Good business is about communication... not just what you say... Read More
For years now, you have been waiting patiently for that... Read More
A marketer whose advice I generally respect recently published an... Read More
Cinch your success with 8-second leaders! Step into the saddle... Read More
I had a telemarketer call me recently. Here's a rough... Read More
If you want your business to grow and attract new... Read More
One commonly overlooked method of advertising offline is flyers. Flyers... Read More
Do you have Communication breakdown?How are you communicating with your... Read More
Time is a concern for all of us. We only... Read More
If you're in the IT business, that's an important question.Most... Read More
There are many Web sites I visit every day and... Read More
You enjoy what you do. In fact, you love your... Read More
The good news is that there are thousands of people... Read More
If you're just dipping your toes into the waters of... Read More
Before you ever get on the telephone, send a marketing... Read More
In developing their business plans, companies of all sizes face... Read More
There are basically two ways in which you can either... Read More
Direct Marketing works!Why? It works because it's personal. It carries... Read More
When you want someone to like you, associate yourself with... Read More
Your mailing list retains its value best if... Read More
There are many psychological reasons why people will buy from... Read More
Apple Computer just announced that their earnings from the last... Read More
Are you looking for a natural way to market your... Read More
Even if you never place a cold call, you still... Read More
For many small business managers, finding the time and commitment... Read More
Viral marketing involves the use of surf-exchanges, and if you... Read More
I do think that it is entirely possible for an... Read More
Over the years as I have attended trade shows, networking... Read More
Wake up women (and you men too). I think we... Read More
Want a simple, low-cost way to boost your sales? Just... Read More
My niece recently graduated from high school, and my family... Read More
Volunteering your services can be an excellent way to form... Read More
Whether you market online or offline, you already know the... Read More
"Dig your well before you're thirsty" is the title of... Read More
Do you spend a lot of time and energy courting... Read More
One rule in direct mail is that your letter sells... Read More
Niches are like bathrooms; you never notice them until you... Read More
Marketing |