Getting A Slice Of The Market : Customer Segmentation Basics

Where are the customers?! So many entrepreneurs have great products, but they can't seem to get buyers. (ARGHHH... The frustration!) When you're running a business, reaching the right audience with a tailored marketing messages is the key to success. However, a one-size-fits-all approach will be a waste of time, effort and eventually end up being financially draining and will drive you mad. That's because, though you might have a product that multiple types of user need- you can't sell to all of them, without your brand developing multiple personalities. The way forward is to group your most likely buyers using customer segmentation, which will help you develop a strategic approach for optimizing your marketing efforts. Entrepreneurs often grapple with the challenge of effectively allocating their limited marketing resources. (Ah yes, the joys of having limited resources and wasting the.) Attempting to target everyone is impractical and costly, so there is obviously ...