It is difficult to be all things to all
people. For this reason, when
determining your target market, avoid
the concept of the general public and
focus on the particular segments of the
population that are really interested in
what you have to offer.
Actually you have more than one target
market. It is important to consider
everyone that will have an interest in
or be impacted by your event or company,
either potentially or currently. Each
has unique needs and wants to be
addressed. Each will have a different
view and be interested in different
aspects of it. So be creative during
this step as increasing attendance or
business may only occur as a result of
addressing all applicable groups.
Target audiences should be segmented by
demographics (gender, age, ethnicity,
geographic region, family status,
occupation, hobby, etc.), psychographics
(lifestyle, opinions, values, beliefs,
desire for status) and behavior (buying
habits, where they go for information,
how they like to be approached).
Study
prospects until you get to the point
where you know them so well that you can
literally see them sitting across the
table from you.
How do you get all this information?
Secondary research is available online,
from industry publications and from
non-competing organizations like yours.
Also, check you current databases since
there might be a goldmine of information
there. And when all else fails,
ask your prospects. This is
primary research and can be done by
adding a few extra questions on
registration materials, inserting polls
into your newsletters and with digital
or live surveys.
Being able to segment your target
audiences into groups with shared
interests and motivations can help to
determine program content, special
events, pricing, location, timing,
family components,
entertainment/speakers and more. A
thorough analysis of each segment will
help you in designing a promotional
program to attract their attention. And
when a commonality is revealed, then you
will have the anchor for your integrated
promotional mix.
A relatively new tool in making
target marketing more usable by everyone
in the company is Buyer Personas.
But that's a topic for another day.
Cris Canning CMP©
is a prolific speaker, writer, and
teacher. Via her company
Hospitality Ink®, she is
dedicated to helping others increase
their personal visibility, and the
visibility and credibility of their
organizations and meetings. She has
published four booklets – “199
Networking Tips and Tidbits,” “Coming
to Terms - A Primer of Terminology for
the Meetings and Conventions Industry,”
“Buzz Marketing,,” and “199 Social Media
Tips and Tidbits.”
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