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TODAY’S WEBINAR:
DEVELOPING OR REEVALUATING
YOUR TARGET MARKET
http://www.facebook.com/StephanieCanHelp
Presenter: Stephanie Redcross
Webinar Wednesday 2013
1
1. Link To Presentation will be Available on our facebook
and Twitter Pages, Plus Slide Share
2. Ask Questions During Presentation
3. Let’s Have Some Fun!!!
LOGISTICS
Webinar Wednesday
2
Webinar Wednesday
What Is A Target Market?
Developing or Reevaluating Your Target Market | Webinar Wednesday
A target market is a set
of individuals who share
common characteristics
ProfitabilityEasy To Identify
Product That They
Want/Need
Growing &
Expanding
3
Webinar Wednesday
Identifying Your Market
Developing or Reevaluating Your Target Market | Webinar Wednesday
Psychographic
segments
Demographic
segments
Benefits Segments
Use-based segments
Geographic segments
[WHO] Age, Occupation, Income
[WHY] Attitudes; Lifestyle Choices - Veg Status
[HOW] Travelers; Commercial Use; Mobile
[What To Expect] Impact On Environment
[Where To Find] West Cost, Near A Beach
4
Webinar Wednesday
Find Segments Locally
Developing or Reevaluating Your Target Market | Webinar Wednesday
Source: © The Nielsen Company http://www.claritas.com/MyBestSegments/
5
Webinar Wednesday
Where Your Customer Live
Developing or Reevaluating Your Target Market | Webinar Wednesday
Source: © The Nielsen Company http://www.claritas.com/MyBestSegments/
6
Webinar Wednesday
Segment Profiles - Example
Developing or Reevaluating Your Target Market | Webinar Wednesday
Source: © The Nielsen Company http://www.claritas.com/MyBestSegments/
7
1. Existing Customer Database: Transaction Data,
Google Analytics, Email Marketing
2. Market Data: US Small Business Association;
Community Organizations
3. Conduct A Survey: Gather Feedback On Products;
Capture Preferences
4. Competitive Market: Look For Case Studies On
Companies With Similar Offering
Webinar Wednesday
Gather Customer Profile Data
Developing or Reevaluating Your Target Market | Webinar Wednesday
8
Webinar Wednesday
Target Market, Target Customer
Developing or Reevaluating Your Target Market | Webinar Wednesday
psychographic
segments
Demographic
segments
Benefits Segments
Use-based segments
Geographic segments
Vegan
Edgy Veggie Affluent Adventurer Social Butterfly
Avg Income
50K; W/ Kids
Athletic
Animal Rights
Small Towns
VB6
College/ Master
Traveler
Progressive/
Advance
Society
West Cost
Environmentalist
Teacher
Community
Organizer
Recycle,
Reuse, Reduce
NYC
9
Webinar Wednesday
Taking Actions
Developing or Reevaluating Your Target Market | Webinar Wednesday
I Can’t I Want Product Offer Messaging Where To Find
Edgy Veggie
Find
Products
Affluent
Adventure
Don’t Meet
Eco Needs
Social
Butterfly
Not
Accessible to
Everyone
10
Webinar Wednesday
Where To Advertise
Developing or Reevaluating Your Target Market | Webinar Wednesday
Source: © The Nielsen Company http://www.claritas.com/MyBestSegments/
11
Webinar Wednesday
Social Media Groups
Developing or Reevaluating Your Target Market | Webinar Wednesday
Source: Google + Groups
12
Need More Help? Set Up A
Meeting With Stephanie
http://www.veganmainstream.com
http://www.facebook.com/StephanieCanHelp
Presenter: Stephanie Redcross
13

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  • 1. TODAY’S WEBINAR: DEVELOPING OR REEVALUATING YOUR TARGET MARKET http://www.facebook.com/StephanieCanHelp Presenter: Stephanie Redcross Webinar Wednesday 2013 1
  • 2. 1. Link To Presentation will be Available on our facebook and Twitter Pages, Plus Slide Share 2. Ask Questions During Presentation 3. Let’s Have Some Fun!!! LOGISTICS Webinar Wednesday 2
  • 3. Webinar Wednesday What Is A Target Market? Developing or Reevaluating Your Target Market | Webinar Wednesday A target market is a set of individuals who share common characteristics ProfitabilityEasy To Identify Product That They Want/Need Growing & Expanding 3
  • 4. Webinar Wednesday Identifying Your Market Developing or Reevaluating Your Target Market | Webinar Wednesday Psychographic segments Demographic segments Benefits Segments Use-based segments Geographic segments [WHO] Age, Occupation, Income [WHY] Attitudes; Lifestyle Choices - Veg Status [HOW] Travelers; Commercial Use; Mobile [What To Expect] Impact On Environment [Where To Find] West Cost, Near A Beach 4
  • 5. Webinar Wednesday Find Segments Locally Developing or Reevaluating Your Target Market | Webinar Wednesday Source: © The Nielsen Company http://www.claritas.com/MyBestSegments/ 5
  • 6. Webinar Wednesday Where Your Customer Live Developing or Reevaluating Your Target Market | Webinar Wednesday Source: © The Nielsen Company http://www.claritas.com/MyBestSegments/ 6
  • 7. Webinar Wednesday Segment Profiles - Example Developing or Reevaluating Your Target Market | Webinar Wednesday Source: © The Nielsen Company http://www.claritas.com/MyBestSegments/ 7
  • 8. 1. Existing Customer Database: Transaction Data, Google Analytics, Email Marketing 2. Market Data: US Small Business Association; Community Organizations 3. Conduct A Survey: Gather Feedback On Products; Capture Preferences 4. Competitive Market: Look For Case Studies On Companies With Similar Offering Webinar Wednesday Gather Customer Profile Data Developing or Reevaluating Your Target Market | Webinar Wednesday 8
  • 9. Webinar Wednesday Target Market, Target Customer Developing or Reevaluating Your Target Market | Webinar Wednesday psychographic segments Demographic segments Benefits Segments Use-based segments Geographic segments Vegan Edgy Veggie Affluent Adventurer Social Butterfly Avg Income 50K; W/ Kids Athletic Animal Rights Small Towns VB6 College/ Master Traveler Progressive/ Advance Society West Cost Environmentalist Teacher Community Organizer Recycle, Reuse, Reduce NYC 9
  • 10. Webinar Wednesday Taking Actions Developing or Reevaluating Your Target Market | Webinar Wednesday I Can’t I Want Product Offer Messaging Where To Find Edgy Veggie Find Products Affluent Adventure Don’t Meet Eco Needs Social Butterfly Not Accessible to Everyone 10
  • 11. Webinar Wednesday Where To Advertise Developing or Reevaluating Your Target Market | Webinar Wednesday Source: © The Nielsen Company http://www.claritas.com/MyBestSegments/ 11
  • 12. Webinar Wednesday Social Media Groups Developing or Reevaluating Your Target Market | Webinar Wednesday Source: Google + Groups 12
  • 13. Need More Help? Set Up A Meeting With Stephanie http://www.veganmainstream.com http://www.facebook.com/StephanieCanHelp Presenter: Stephanie Redcross 13