Importance of Identification of Right Market and Customers

Author: Richa Jha

Defining a target market for your business as essential as deciding the capital investment of assets. If you have not marked your set of users or customers while dealing in startup it has a bleak chance of being successful. Marketing strategies online are highly user sensitive, the correct font, content and images to your branding are only possible after an adequate chalking out of the target audience. A failure to do so or being anonymous to the profile of customers will reflect the lack in total increase of users per say. Jotting down a sufficient plan to reach out your audience is very essential for desired effect and profit in business.

Top 10 social networking sites in india are highly user sensitive, a regular profile and page update with maximum to offer is a ready strategy. This policy by the top networking portals only proves the need to identify the appropriate set of users. It involves concentrating on a particular age group, profile and background. If your product is costly, it is no use to invest in a mediocre market area. To understand specific need of your market is the basic requirement. Design a plan, take polls or interviews around understand how the market strategy can be planned ahead. Once we know the set of users or customers that are supposed to be targeted, the task will be easier to achieve. Not to identify one’s customers is equivalent to shooting n the dark.

Once discovered and plan there are various ways to stay fresh in the memory of the customers, you can design attractive images for wallpaper with your logo or motto, wish your users or customers on occasions, provide sufficient information online. You can also provide timely offers to attract new customers or buyers. If you wish another set of new customers, design a campaign, make sure there is news and information about it on social media. It’s better to have a fair idea about your corner of the market, appropriate strategies and marketing tools to reach out to them. Make sure that social media operations are regularly updated and suited to the trends in your set of market. It is also advisable to involve your customer or user in the development of your business, appreciate their feedback and work on it. This will also develop your goodwill in the market. And, all the best for your startup.

Source - http://www.apsense.com/article/importance-of-identification-of-right-market-and-customers.html