Sunday, June 10, 2012

Understanding Your Consumer Audience


Developing the top of the line, greatest product or service is one thing that many businesses strive for. However, there is one element many businesses rather tend to lose the point is that without reaching the proper individuals, the product is wasted development. Knowing your audience of consumers and understanding what is going to appeal to their desire to purchase your products is an element that will mean the difference between the success and failure with sales.


Understanding Your Audience Means Getting the Sale

Every company may have that product that does not do well. They try and deviate too much outside of the comfort zone of their standard audience. The need to diversify is noted and businesses need to expand after time. However, the new product flops with both of the core consumers of the company and the brand new expanded target market.

When you go out to sell something, the right notes must be hit with the right people. For example, you would not give a lecture on nuclear psychics to a group of small children. It will fly right over their heads. You are trying to appeal to the wrong audience. Therefore the message you are trying to convey what with what you're doing is lost.

The problem with not understanding the audience often tends to boil down to the fact of something that the competitors for a business does. It is very tempting to play follow the leader, thus the new product seems to draw some form of inspiration from the latest new product of your competitor. It might not be a shameless and complete rip off, but it is not what your consumers want.

You end up turning off two different groups of people. The types that enjoy your products, when you put out something that they hate. And the audience that you are trying to divert towards your company, you get branded as cheap knock off. You get branded as a lesser version of a certain competitor.

Getting branded as a lesser version is the absolute last thing you want to do as a company. Yet it is the common ultimate misstep that results in misunderstanding your audience.

Market research is the key, but decisions should be made based on part of it, but not because completely of it. Creativity is still king but research can give you more insight and spring inspiration that will connect with your intended target base of consumers. It will hit each and every one of those right notes.

Those who fail to understand their audience are often on the road to failure with their efforts, misplaced as they might be. Therefore make sure you understand who you are appealing to and if this situation will appeal to them one hundred percent.  

1 comment:

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