Friday 8 July 2011

Target Market and Branding


In marketing and advertising, a target audience, is a specific group of people within the target market at which the marketing message is aimed... For example, if a company sells new diet programs for men with heart disease problems (target market) the communication will be aimed at the spouse (target audience) which take care of the nutrition plan of her husband, and child.
A target audience can be people of a certain age group, gender, marital status, etc. (ex: teenagers, females, single people, etc.) A certain combination, like men from twenty to thirty is often a target audience. Other groups, although not the main focus, may also be interested. Discovering the appropriate target market(s)and determining the target audience is one of the most important activities in marketing management (Niewenhuizen et al. 2000). The biggest mistake entrepreneurs are making is trying to reach everybody and ending up appealing to no-one.
-(wikipedia)

From reading this article i have learnt that the target audience for advertising isn't just about genre, race or class, it can be aimed at people that are single, people that want to maybe tone up there body, teenagers, or people that might not have that much money and want to save. This is important to remember because some things may be specifically aimed at men, but woman would pay attention to it as-well as they could recommend it or be looking out for there husband/boyfriend/friend.

Is your company brand literally saturating your target markets? Is your company literally everywhere and on the lips of your customers, competition and vendors? Does your competitor sales teams compare themselves to you in sales calls? Well having been a Founder of a Franchise Company, we had saturated our target markets and yes our competitors always compared themselves to us and that actually helped us even more.
I call saturating your target market with your brand name; “The Power of Presence” and when you have that you will know it and so will everyone else for 100-miles in all directions. How do you get to such a saturation point, as the marketing experts often call it? They even write books about this stuff.
Well, you get there by carefully leveraging your marketing and advertising, promotion and public relations around a simple message and a consistent theme. Guess what? It does not cost as much as you might think and in fact you might be very surprised just how inexpensive it really is when you have developed the proper plan of attack in the ready room before launch of the mission.
Once you reach this saturation point, the customers and future customers will love you and the competition will despise and hate you? But that means you are doing it all right. You may even find your competitions best employees and team members try to cross over and come work for you. But hey that is a whole other subject. Patience Grasshopper. Consider this in 2006.

http://www.branding-advertising-promotion.com/b9-market-saturation-and-brand-building.php 

From reading this information, I have learnt that

No comments:

Post a Comment