marketing plan Archives - Page 2 of 3 by Mark Murnahan

“Everybody” is Not Your Target Market!

Even Ma and Pa Kettle Demand Good Targeting

Even Ma and Pa Kettle Demand Targeting

I spoke with a friend recently who said that his target market is “everybody”. He didn’t just say it, but he actually meant it, and even defended it. What’s astonishing to me is that he actually fancies himself an Internet marketing professional.

Now, I’m not calling my friend an idiot. There are a lot of great rocket scientists, school teachers, surgeons, firemen, and others who do not understand marketing. We cannot all know everything, and the fine details of marketing are certainly not something everybody wants or needs to understand.

My friend is in the business of building websites, but this applies to any company, of any size, in any industry.

His belief was that since “anybody” may need a website, that he didn’t want to miss any of them by segmenting his market. In his mind, I guess he just didn’t want to leave anybody out. So, he is running Google ads directed at a massive audience.

I am a marketing professional, so you can probably imagine my head exploding at this point, right? I tried to suggest targeting specific segments which had historically been good customers to him. I tried to suggest taking a careful eye toward A/B testing to discover the audience with the highest response rate. I was shot down with every point I tried to make. I guess he was feeling generous with his ad budget, but he turned me down when I suggested he just drop it in the mail to me as a gift. I mean, he is wasting money either way … why not?

Maybe you never heard this before, or maybe you just shook your head in disbelief when you heard it, but I have an extremely valuable message for you. If you believe, like my friend, that your marketing should be directed to everybody, I hope you will accept this small piece of valuable advice.

Market Segmentation is Essential to Success in Marketing

There is a basic principle of marketing that is a cornerstone of success, and that is “Everybody” is Not a Target. Not now, not ever, and not for any company of any size, in any industry! Whether it is Pepsi Cola, McDonald’s, or any other product or service, market segmentation is a foundation-level component to success of any marketing campaign. Even if you are selling water or air, there is always a good, better, and best market segment for your offering.

Perhaps I should clarify that when I say “success in marketing”, I mean return on investment (ROI). Optimal return on investment is where we measure success in marketing. There is a reason people invest in marketing, and it is to earn a higher return. If you have a positive return on investment, but it could have been a higher return, you have still wasted money. You have forgone the best alternative, which is called “opportunity cost“, and that cost is very steep!

If you are trying to market to anybody or everybody, you are missing the portion of that “everybody” who will become your most valuable assets. You will waste huge amounts of marketing resources by trying to reach an unsegmented market. Those marketing resources are precious! They include two of the most important components of business: time and money. So why would anybody waste these?

Let’s just assume for a moment that there is actually something which includes a market potential of anybody or everybody. Doesn’t it make more sense to reach the ones who are more likely to become a customer? Doesn’t it make sense to reach the ones who have a better reason to buy, or who are more appropriate for your offering? What about targeting the market of people who are actively in the market for what you offer?

There are enough reasons to segment your market to fill textbooks, but here is just one to consider: If you target the right market segment, it is far more likely to find customers who will become brand loyal and tell all of their friends.

In the case of this individual, shouldn’t he target something, rather than everything? What about new companies, companies that just changed names, merged, or are under new management? What about the people who need a website more than grandma does? If you sell $599 “economy websites”, would it make sense to spend money to reach people who need a $250,000 website … or the other way around?

I tried to use common sense to explain the importance of targeting a segment. I explained that McDonald’s knows to focus on specific targets, and if there was ever a company who could sell something to everybody, they are in the running. They target kids. They target busy people on their lunch break. They target single moms who worked all day and just can’t tolerate another dirty dish. Is it possible that they grew so large with a worldwide recognition just by marketing to everybody? No, it may look like that on the surface, but it is absolutely not the case!

If you are marketing to an audience of “everybody”, your message will suffer. It will not resonate with the person seeking to buy. It will become boring. It will also cost many times more money and effort to achieve the same result.

Are you targeting the right people, or do you still want to sell office furniture to retired people? They may buy, but the results will not be as favorable.

If you have read my blog before, you have likely noticed that my message often addresses the huge importance of targeting a market rather than shooting into the wild. I am going to add a few related links below just to make the point clear. Each of them has a message of the importance of targeting and its huge impact on return on investment.

Please share your thoughts on this topic. It may help somebody else, or it may help you!

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Strategic Marketing Failure: Are You Giving it Up Too Easy?

Good sense tells us to not give it all away upfront. If you kiss on the first date, anticipation often fades, and there may never be a second date. It may get you into their fantasies, or even into their bed, but this will seldom get you into their hearts, where trust and loyalty thrive. I find it easy to apply this to concepts of marketing.

I really believe in giving away a lot of great ideas for free. Sharing useful thought is one of the best reasons to blog. In fact, there should be little wonder why some of the most popular blogs are popular. It is because they are giving away great information that people want.

A free sample is great, but can it go too far? I believe it can, and I think it is likely why there are so many people like my example of “Pete and The Amazing Pee-Pants Pizza Parlor” in my recent article titled “Marketing Clients vs. Crybaby Sissy Bed-Wetters“ who think marketing should be cheap … or free … and easy.

The concern of giving away too much information for free is not limited to my field of marketing. There are a good number of idea-based and information-focused industries where there is a legitimate need to balance enough information to show credibility without inspiring people to do it themselves or shop for a “cheaper” option. Of course, there is always somebody to do it cheaper, but shoppers often forget there is a difference between good and bad in any industry.

There is a line to be drawn between sharing concepts, and giving away the things which should and must be paid for. It is a blurry line for some people. Of course it is very blurry from the client side, but I also find it to be blurry for people on the selling side.

People Understand Value of Items … But Ignore the Value of Information

Information is one of the most valued assets to a company. So how can it be so easy for people to neglect this fact from a buyer’s perspective?

I think of it along the lines of a recent freebie I received from Subway. Subway sent me a $10 gift card to try out their new pulled pork sub. When I used that freebie, I bought more than $10 from them. I’ll go back, too. It was a freebie associated with a promotion through Klout, a company I wrote about recently, and it gave me incentive to walk through Subway’s door, become a more active customer, and potentially bring others.

Since they are giving away tangible goods with a defined cost, people understand they cannot just give away the whole restaurant. When the freebie is something that comes right out of somebody’s thoughts or research, there is a common perception that it does not still have a cost. I guess you could think that way, but when my three kids get hungry because Daddy gave away the whole restaurant, I am inclined to disagree. There is a cost, and there is a point when you have to stop giving everything away. I know that point, and I intend to illustrate it.

Try Asking Somebody Close Enough to Know

When I recently asked my wife for her opinion of a project I am strongly interested in, she said something I guess I should have expected. Her chilling words were “You know the routine, Mark. You give people enough information that they think they know all they need to go shopping for somebody to do it cheaper.”

Of course, I stammer to inject the notion “but they cannot implement it like I can, and they can’t make a meal from a free sample of caviar.” Yes, and I can make that argument until I am blue in the face and holding my breath for the next soul-sucking chance to send another great marketing client to the wolves for a price comparison. It does not change the facts.

You see, I am literally the guy rocket scientists ask when they need a better strategy. They are in an industry that sells flights for over 200 million dollars per seat, and mistakes in their industry are expensive. These are bright people, but social media strategy is not their area of expertise. If I give them a big hunk of brain candy to munch on, it is easy for them to imagine that mister “SuperheroUnderpants” marketing guru in his mom’s basement can do the same job by promoting them on his MySpaceyTwitterBook.

The reality is that far too many of the people I share my brain-samples with use what I give them and go shopping for price. Sure, I can resent that, but it is my own fault. I kiss on the first date, like a sophomore girl hoping to be loved. Actually, I think I do worse than that … I get naked for the whole football team to come and enjoy. I do it all the time, but I am a lot better about it than I used to be. These days, I at least get them to buy me dinner and a movie before I strip myself naked.

I Hate Marketing Marketing!

I love marketing, but I hate selling the services of marketing. I am over-the-top, and almost autistically good at marketing “something else”. I can prove it, and I have earned millions of dollars because of it, but asking me to sell it is like asking to borrow a couple of my teeth.

Yes, marketing is awesome fun, but it feels like a daily trip to the dentist for a colonoscopy to promote and sell it. This is why I have often explained that When I Go to Hell, They Will Have Me Selling SEO.

I can man-up enough to admit that it actually made my chest hurt as I internalized my wife’s insight, but not because it was insulting or untrue. It was very true, and she went on to remind me about other stunning examples when giving too much killed my hopes. It has not just happened once or twice, either. Somebody attempts to brain-rob me every day, but I stick up for myself these days. It is because I have learned the hard way, and forgone great projects and sent them to SuperheroUnderpants who will work for a case of Red Bull and a pirated copy of the next Nintendo game.

A True Story of Giving Too Much for Free

One such project was with a company where I really felt I belonged. I already felt an emotional attachment to the brand and the people. In fact, I was prepared to uproot my family and move to a different city for them. We were already shopping for schools and homes. I wrote about it in the article titled “99 Percent of Marketing Fails, But Eleanor Can Fly!“ and a follow-up titled “How Good SEO Becomes Great SEO: Feed the Gorillas!” It was the perfect scenario … or so it seemed.

Where the ugly part came in was after I returned from our meeting in Chicago where they had wanted me to bring my vision and build a new marketing crew for them. As I look back, I suspect that even before my plane landed, they were seeking somebody who would try and implement my ideas for a fraction of the salary. They found one, too … but wait for the real kicker!

That “somebody” totally destroyed the campaign, and in fact, destroyed it so badly that it is hard to even describe. Let me give you the quick version. They sent a $70,000 motorcycle and a $5,000 guitar on tour with a Grammy award winning band to promote a giveaway. It was to have a significant social media marketing push behind it, and the company said they were very dedicated to my ideas. They already had a significant investment leading up to it. How significant? They bought the company that made the motorcycle, because they thought it fit well with their brand … the brand that I was to build.

Now get this: By the time they gave away that $75,000 in prizes, their Twitter account had under 350 followers, their Facebook account had about the same, and their YouTube account did not have a single upload. Not one video of the band, the motorcycle, the fans, the guitar … nothing!

They failed, and I know, with mathematics and two decades of very successful experience on my side, that they caused their own demise. Although you could call me guilty for not explaining that great plans fail without implementation and the right crew, I don’t feel guilty. I just feel bad for giving too much for free.

Defining Free vs. Paid Knowledge

Each of us will have ways to define giving away “too much”, but here are a few of mine. I hope they will inspire you to think about yours.

First and foremost … a client only needs to know enough about me to realize that I have sufficient marketing creativity, experience, and talent to make them more successful. Period! If they are unwilling to consume enough of my freebies to realize these things, they will not be the kind of client I can work with, because they will second-guess my advice. That is a true recipe for failure, the likes of which I refuse to be a part of.

Another key is anybody indicating they are still shopping around for price. When that is the case, there are no freebies beyond my blog. If they are looking for price above value, they are not the paying type. Even if they pay, they will stand in their own way. They simply are not ready. They are the ones who search Google for “How much does SEO cost?” (where I am listed on the top), and then email me because they were too rushed to get numbers to actually read the correct answer. If they don’t hire me today, they will come back in a year or two, jaded by the failure I tried to warn them about. Both scenarios are like a bad case of herpes … I don’t put my love there!

If they say they are interested in meeting in person, that is not going to happen without their dollars. I don’t pack bags for free. If somebody needs to shake my hand, they need to pay me for it. They are a buyer, and I am not about to turn them into a looker. There is always a reason to ask me to meet with them, and it always involves custom brain-work. The custom stuff is never free.

I have a long list of things which define what is free versus paid, but I want to know what you think.

Should We Give Away Less Brainflow?

It really isn’t so different from the restaurant or sporting goods store giving away a freebie. It cannot all be free, or the company is not sustainable.

I will never stop giving away free ideas, but those are the ones like the $10 Subway gift card to bring buyers through the door. I give enough that people understand my knowledge, creativity, and credibility. I also do it for the people who need help, but cannot afford to hire my services, and I feel good about that, too. I believe in altruism, but I also recognize that even Mother Teresa, Ghandi, and others do things for well-intentioned but calculated reasons, and that altruism in its purest sense, is not what people told you.

I have learned the hard way. If you are giving away something better than the stuff other people are selling for money, you will damn yourself to lackluster clients if you cannot bring them to understand that there is a lot more where the freebies came from … and it’s for sale!

I know that I’m not alone in this battle. I’ve heard it from many respected others in my line of work. If you can relate to this, I want to hear your stories. I would also love to hear from you about where you draw the line between free ideas and the ideas you count on to buy your lunch.

If you are giving away too much, I’d also be curious to hear how your back feels after sleeping on the couch because you bought into the myth that information is “free”. I’m sleeping in the big bed tonight. Later sucker!

Photo Credit:
Birthday Present by Christopher Matson via Flickr

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Confession of a Workaholic and Benefits of Unplugging

Have you ever been told that you work too much, or that your work seems to follow you everywhere? If so, I just want to offer up a thought that it may be because you are doing it wrong. Maybe I’m wrong, but what if I am actually right? Stick around and judge that for yourself.

I “unplugged” myself over the weekend, and it felt great. I spent very little time at a computer, and I only used my cell phone enough to be sure nothing was on fire in my professional life.

I remember times when I would feel guilty for taking a break like that, and I find that sometimes social media emphasizes the “rat race” feeling of having to be everywhere at once. Fortunately for myself and everybody around me, I learned how and why to let go of those guilty feelings.

I generally feel very proud of my work ethic. Doing my job well is important to me, and I know that a lot of other people must feel this way, too. I hope you do. A hazard that is easy to overlook is when you become so engrossed in work that you chase productivity right off a cliff. That is when the term “workaholic” generally applies. What workaholics often do not realize is when it is happening, or when to step back and take a fresh look. Allow me to share some thoughts and experience with you.

What if I Miss an Important Call?

Tell me if this sounds familiar. If you nod your head even once, I hope you have learned when and how to unplug. If not, maybe I can encourage you a bit.

I have been plugged into my job with the latest productivity tools that technology has to offer and remain that way year after year. I have carried smart phones since they first became available, and I have had mobile Internet at my side since its earliest availability. My job has always required it, and delegating the really important tasks to somebody else has often seemed impossible, or marginally possible but terrifying at best.

My example may be a bit extreme, but I know it will resonate with some micro-managers and other workaholics. You see, aside from being a marketing guy, I am also the CEO of a company that provides Internet services to service providers. Since 2000, I have been responsible for more servers operating in more data centers across America, and Internet connectivity to more end-consumers than all but very small number of people. When there are millions of dollars riding on things working perfectly 99.999 percent of the time, somebody has to hold ultimate accountability and make decisions in the event that thousands of websites or Internet connections are affected by a DOS attack or a router going bad. That is usually the guy with chest pains and a death grip on his cell phone.

Even long before that, I remember keeping a “bag phone” no more than a few feet away back in the 1980’s. You know, because a consulting client may have had some brilliant idea to run by me at any minute of the day. Yikes … it has actually been decades now. Time sure can slip by fast when you are running a business, and all that time, I have been just a bit uncomfortable that I may miss an important call.

My willingness to work harder and keep pushing my capabilities against all odds has served me well. I have grown some great companies, and I have had an exciting career. Like any career, it has had its ups and downs. Whenever it seems to become a bit lackluster, I start looking back into my career history to try and find patterns and to figure out what I am doing wrong … or what I am just not doing right.

A common reason I found for the productivity downturns is when I pushed a little too far beyond my optimal productivity and lost focus on the purpose of my career.

I think of it in terms of a Gaussian function … you know, like a bell curve. If you sit at the top of your productivity bell curve, you are doing it right. Pushing beyond that, you quickly enter a point of diminishing returns, and the productivity outcome is no longer worth the effort.

Yes, I am a math geek. Since I am a marketing guy, and a computer programmer on top of that, it should be expected. Don’t worry though, I will not drag you into a mathematical discussion of probability distribution.

Has Somebody Warned You About Workaholism?

Has anybody ever questioned how you keep on doing what you are doing? Maybe you have heard somebody ask “Do you ever sleep?” I have heard this a lot, but I always used to take it as a compliment. What I eventually realized is that it is sometimes better to take it as a caution.

I’ll give you an example. In about 2004, my wife told me that I was working too hard and that I needed to take more time for myself. She encouraged a hobby, so I began taking more time for an old passion of motorcycles. That carried on, and moved me on to my life-long passion for cars. Not just cars, but really fast cars, and racing them.

I took more time to unplug myself just enough to see why I worked so hard in the first place. When it came to the real purpose of my career, it had an emphasis in providing security for my family, and to enjoy some leisure. Realizing it enough to rejuvenate myself with the original passion required me to take a step back and see it as a part of the picture and not the whole picture.

Once I realized the important reasons I was working so hard, things went gangbusters. My business went crazy! Things were better at home, and we had more babies. As crazy as this may seem, each baby gave me a pay raise. It happened because I worked smarter instead of working harder, and I learned the value of balance. Don’t get me wrong, I was still carrying all the technology and productivity tools with me. I have still been on-call 24 hours per day since the 1990’s, but once I realized that my career was just a part of the bigger job of being happy … I got happier!

The power of a refreshed mind, and the power of happiness may seem mythical at times. The common wisdom is that you must keep your nose to the grindstone, walk on fire, and a whole lot of other uncomfortable things. If you really believe it when people tell you these things are the keys to having a successful career, I believe you are doing yourself a disservice. Endurance is extremely important, and unplugging can provide huge benefits. It is not all about how much pain and tragedy you can endure.

Business and Career Require Endurance, But Not a Grindstone!

Having peace in your career, and realizing that it is an endurance race and not a short sprint is a big step toward succeeding. Enjoying what you do, and looking closer at why you are doing it is far more valuable than grinding your nose and burning your feet. I am saying this from experience, and what I truly believe.

In a look-back, I find things I have known for years and told myself I would never forget, but I still seem to forget them somehow. One of them is the wisdom of knowing when to disconnect, and actually having the courage to do it. “Unplugging” can be a great chance to reboot and resume greater productivity, but easy to neglect until later.

I have been taking a closer look at myself and my career history recently. I look at some of the peaks in my own career, and I find that some of the most productive times have been when I realized when to push less. Sometimes the timing did not seem logical, because conventional wisdom says that when you are riding a huge wave, it is the time to surf with all you’ve got. Unconventional, but often more productive wisdom says that if you are not careful, burnout can set in even faster than expected.

My best times ever have come after remembering to relax just a little more and stop punishing myself. It has been a little while since I felt this way, but when I knew it and remembered it, I got happy. In fact, I got happy enough that I was earning more money every week or two than an average American family was per year … all while struggling less, working fewer hours, and enjoying everything a lot more than before.

Maybe you’ve heard the term “hindsight is 20/20”. Of course, that means you can see the past perfectly clearly. I don’t think it is quite that perfect, but it holds a lot of predictive data, along with all of that great stuff we call experience.

I pushed like crazy to build a company to pay me enough to feel satisfied. I kept pushing for as long as I saw continual progress, but then I learned when it was time to unplug, and even face my fears to delegate a few tasks when it was appropriate.

I think I’ll try that again. It was sure more fun than feeling guilty to take in a little leisure. It was more profitable, too!

I have just one more bug to put in your ear. If you know somebody needing to delegate their marketing more wisely, I will be delighted to hear from them. Oh, or a race team looking for a wining driver … I am well-qualified for that, too! 😉

Coming Soon: Maybe you’ll think it is completely nuts to unplug and take a step back. I will soon share something that gave me a good reminder to pull the plug. I think you’ll like it. I hope you’ll be sure to return.

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In Marketing, It Will Fly or It Won’t: What Grounds Your Marketing?

Persistence is important in marketing. If you give up too soon, you could miss a huge opportunity. On the other side of the equation, if you are trying to fly a lead balloon, it is best to stop before wasting any more time and money.

I want to inspire you with some questions about your marketing, and your business challenges. You don’t have to answer, but I hope you will. So, let’s start thinking about some things that can ground your marketing.

Know When to Change Course

How do you define the point when it is no longer productive to keep doing what you are doing? If you don’t know when to implement changes, it can destroy your company. What is the right answer? Is it when the competition starts taking away market share? Is it when the budget runs out? Is it when the company goes completely broke? Is it before all of this begins to go wrong, and you can take a proactive approach? Let’s consider this quandary, because although it may not be comfortable, knowing when to make changes is imperative to the growth of a company.

Have you ever pulled the plug on a marketing campaign? I have, and sometimes it was too late, but other times it was too early. I lived, and I learned. It sometimes felt like I was one of The Wright Brothers, crashing airplane after airplane trying to get it right. If you have ever really tried to make a business fly, you have probably felt the same way. Sure, there is value in mistakes, but there is even more value in learning to avoid them!

Look at the efforts in this early flight video, and tell me if it feels a bit familiar to you.

Marketing really doesn’t need to be so painful. The information you need to know is right there at your fingertips. Yes, right there at the computer you are gazing into, but it will only help if you learn how to use it. Even then, it does no good if you don’t actually make the tough decision of putting it into action.

If Your Marketing Won’t Fly, You Need to Know Why

How do you avoid the failures and cut straight to the part when your marketing soars like an eagle? That is tricky, and it is as unique as the company itself. You cannot eliminate all mistakes, but you can come a lot closer, don’t you think? I think we all can.

Something that many companies hesitate to embrace is that a marketing campaign should be carefully researched, or it should not be launched at all. When companies neglect the value of market research and planning, it is usually because they have already reached a point of desperation. This is often geared to cut corners, but it is about the worst place to make cuts. Another reason I see companies skip market research and planning is because they simply fail to realize how much they don’t know about growing a business. They may know their business, but know little about how to make the business grow.

Shortsighted marketing is especially common as social media marketing has become a perceived savior of the business world. This can all be used to your advantage, but not if you are doing the same things, and making the same marketing mistakes the competitors are.

Social Media Made Marketing Easy … Mistakes and All!

During my 20 plus years in marketing, I have made a lot of observations. What I have seen in recent years is a far greater tendency for under-funded and poorly planned companies to try and emulate competitors, rather than stand on their own unique merits. I call it imitation marketing, and imitation marketing means imitating failures, too. It does not fly well.

Along with the social media marketing craze where everybody wants to become a marketing professional, a lot of talent has been discovered. Far more often, it has led to massive amounts of waste created by squillions of people trying to earn as they learn, instead of earning based on their experience, knowledge, and marketing talent. I’m not exaggerating when I say that social media has as many downsides as it does upsides, and this is a huge downside!

Projections became more like a drunken bar room shootout for a lot of companies, and based less on solid mathematics and science, and more on luck. This makes absolutely no sense to me, because there is no other form of marketing that is more measurable than that which is performed with a computer. Computers record data and organize it very nicely, but some people still question the measurement, or the ability to hit the target. That sounds completely absurd to me, but then again, I have worked with it every day, since the 1990’s.

A Crash at the Air Show

Wouldn't Orville Wright's Diary Help You Fly?

I often watch unprepared marketing departments and small business owners running off customers by crashing their plane at the air show. They finally get an audience, and they make a bad maneuver. Worse yet is when they strafe the audience.

Firing into the crowd and hoping something hits the target is popular, but it yields a low return on investment (ROI). In military or police terms, it is a “spray and pray” effort. If you spray enough bullets, and pray to the warrior gods, you may get through the battle alive.

Failure to implement a proper marketing strategy is often why small businesses remain small. I don’t think it is because they don’t want to do more business, but rather because they are overwhelmed.

There is much more to running any business than just the marketing. A challenge exists in realizing that good marketing is what makes a company successful. Marketing is what makes the difference between Coca Cola and other drinks that didn’t make it. It is a pretty terrible area to make mistakes, or take shortcuts.

There are many potential points of failure in any organization, but making your company more marketable, and actually marketing it well, can make the difference between huge success and utter failure. It makes the difference in whether it will fly, or it will not.

What Challenges Your Marketing Flight?

I want to know what you think. What are your biggest challenges, or the challenges you see other companies facing? What do you think companies are missing in their marketing? Is it ineffective market research, lack of marketing creativity, failure to budget, fear of loss, or the monster of all monsters … complacence?

You name it … I want your opinions, and I hope your insight may help others.

Let’s do some learning together. I would not ask you these questions if I didn’t want to learn, too. If you struggle with an answer, here is another way to look at it: What obstacles do you think hold a company back from hiring an experienced flight engineer like myself? Please share your insight.

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Target Your Marketing and Love Your Customers Again

Do you sell something that has a potential market of “everyone”? Maybe you sell widgets, doodads, or gadgets that everybody in their right mind should own. If you treat your marketing that way, you are probably pretty frustrated.

I learned this the hard way, many years ago, by thinking that “everybody” was my target market. I remember when I sought out my market with thoughts like “Who wouldn’t buy my stuff? They must be crazy if they don’t buy!” Then I parked my bicycle and quit my paper route.

I learned what it meant to target my marketing. I stopped wasting time and money trying to reach everybody with a good reason to buy my stuff. The result was that I sold a lot more stuff.

When I stopped viewing everybody as a potential customer, I also stopped seeing them all as the “deadbeats” who wore me down and just wouldn’t buy. I started loving them more each day, and it turned out that my business grew massively.

Carefully conceived targeted marketing is a huge factor of success in a business. I don’t just mean targeting your market for every customer who will buy, either. I mean targeting your market for the customers you want, and who will help your business to grow.

I want to help you to avoid this common oversight, because it is in the top five most costly business errors. It runs close behind killing a hooker (and getting caught), or naming your child Bernie Madoff.

If you try to market something by believing your ideal target market is “everybody”, it is like hunting elephants in a termite mound. You will find a lot of termites there, but very few elephants. Many people only believe this after a “less-than-ideal” profit and loss statement proves it to them.

Marketing to Morons, Idiots, and Fools

Sure, I still think that most people are just totally insane if they don’t write me a check, give me their credit card, or provide me the passwords to their massive offshore bank account. They should at least send me a box of cigars and a bottle of Bourbon to butter me up. I mean, after all, I know it is mathematically factual that I sell something which returns more money than its cost. What kind of moron can’t see that?

Let me tell you something you you probably already know. There are a whole bunch of crazy, “idiots, morons, and fools” out there who will not buy what you sell. Even if you are selling the cure for cancer, free money, or a magical 24 hour orgasm, it will not sell itself. It will also not sell to “everybody”. Marketing to “everybody” as a prospective buyer would not even be a wise marketing approach if Coca Cola, McDonald’s, and Microsoft merged.

When you consider it closely, maybe they are not all such idiots, morons and fools. Instead, maybe it is your lack of targeted marketing, using data-driven customer modeling and calculated market segmentation.

Targeted marketing is exactly why I don’t write this blog for idiots, morons, and fools. I write it for people like you, who will appreciate good marketing ideas, pass them along to others, and add to the conversation with your comments. Actually, I don’t rely on the blog comments so much, because my target audience is pretty shy, but they do share a lot.

Target Market Segmentation Challenge

My challenge to you is to take the time and effort to segment your market more carefully. Start thinking in terms of demographics, psychographics, geographics, and who your best customers really are. What spins their fan, and what can you do to make your brand more like sex, bacon, and other things they love? Where will you reach them, and what will inspire them? Use what you know, expand what you know, and get creative with your marketing.

Targeted marketing seems very foreign to many people, but the good news is that this includes your competition. Just like everybody is not a customer, everybody is not a marketing genius either. Understanding a market requires marketing talent, which comes with practice, accurate data, and the right set of marketing tools. Unless you are willing to hire a professional, you will need to practice, and practice a lot.

I think of it like a trip to the gun range. Sure, I like to bring a lot of ammunition, but it is even more important to use the right gun, and learn how to aim it well. A sniper rifle is best, but many people fear that level of commitment to their marketing. So it is best to at least learn how to aim what you have.

A Lot of Ammunition is Good, But Sharper Aim is Better!

Practice Targeting Your Market

Maybe you believed that optimizing your marketing reach would be easy in the beginning, but you surely know better by now. Look at your market penetration and consider these questions:

Are getting all you can (or at least all you want)?
Are you getting huge buyout offers?
Are you expanding your company at astonishing rates that would make Facebook founder Mark Zuckerberg blush?

If your answers are “no”, then you need more practice to hone your skills. It will not kill you, and in the off chance it does, it was nice knowing you. If you are not afraid of dying, keep reading for thoughtful encouragement.

Practice your creative thinking. Practice your analytical thinking. Figure out who wants what you have, and what they will respond to favorably. Don’t try to reach them all. I know that it is hard to overlook all of those potential customers, but you will reach a whole lot more of them if your marketing is targeted appropriately.

If growing your business really matters to you, be ready to lose some sleep for it. Perfect customer modeling takes a lot of marketing talent and creativity. These are things you can improve, with enough effort.

Back to the gun analogy: You can make a lot of noise and scatter a lot of lead with a 12 gauge shotgun. It is particularly good for scaring your customers away, but not very good for hitting them in the heart, where you want your brand to penetrate. When you hit your market in the heart, you will find a lot more love flowing in both directions.

Shotgun Marketing Scares More Birds Away

If you don’t have the time or skill to become a true marksman, it is best to either rework your schedule to develop your abilities, or find a good hired gun.

I will part with some articles related to targeted marketing. There are more in my blog archive, and more yet to come. Check them out and subscribe for more bits of marketing brain food coming soon.

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