I’ve recently been working with several customers who are having some trouble with the idea of the target market. I really, really understand this because it was an issue I struggled with for quite a long time.
Here’s what you really need to know.
Identifying your target market isn’t a limit, it’s a focus.
Suzanne Evans is a coach who really resonates with me. Her approach to helping you find your target market is “who can you help the most”? Who are you driven to serve? Given your knowledge and life experience (not necessarily formal education) who are you best equipped to help succeed in their own journey?
Where can you do the most good?
When I was looking for these answers for my own business, all I could see was that by defining who my target was, I was excluding everyone who didn’t fall under that umbrella. Which causes panic and anxiety in a new business. All those people who can’t be my customers! But that isn’t really how it works.
By clearly defining my target, I know where to look. I have a way to decide which networking events to attend. I know how to phrase my own story about what I do. I know who I want to be reading this blog article. I have some selection criteria on how to choose who to approach at an event. I have a focus.
It does not mean that I have to turn down a client who is outside my target. It doesn’t mean I exclude. My target is generally educated professional women between 40-60. Does that mean if I’m approached by senior gentleman wanting to write a memoir about being enlisted military that I’d say no?
Not a chance. I’d love to work with someone like that. If you know one, please send him a link to my website!
Your target market won’t be written in stone either. You should reevaluate it regularly. Have you had some clients that didn’t work out as well as you’d like? How are they different from the ones who work brilliantly. Are there similarities you can use to refine your focus? If you started helping older women but you’re finding that your best clients are young mothers, then by all means, adjust things and go after them. Don’t get rid of the great customers you already have, but as you go out to find new clients, use your new understanding of who you love to work with as a guide.
After all, we’d all like to be so busy that we have to pick and choose carefully who we work with. Understanding your target is a way to help you get there.