30 Jan
Expand Your Reach – Part Two – Where is my target market?

Posted by Deven Pravin Shah On January - 30 - 2011

How valuable is your marketing budget?

Use the research and real data to target your marketing initiatives. That will help you making the most out of your marketing budget.

Geographic Trends

You can see clearly which geographic areas have more interest in your product or service. One simple tool to use for that is Google Trends. It shows you very easily where the demand is for your product.

Let’s take an example of home audio speakers. The search volume index shows that speakers are widely searched on the internet, and so search engines should be part of the marketing strategy for that.

Home Audio Speakers - Search Activity Level

And where is the demand? The pictures below say more than the words.



Home Audio - Demand by States

Home Audio Demand by Cities

Does your strategy match with the demand?

Are you targeting the most optimal area for your marketing?

Also, what is your competition doing? It might explain you a little bit what your strengths and weaknesses are compared to your competition.

Where do I advertise? Or do I?

Do you advertise for your business? Where do you advertise?

Use the geographic trends analysis; it gives you valuable insights about you’re your audience you would like to reach.

(Note: Click on this link to see larger image for the above analysis.)

Another useful insight is to see what has worked, or hasn’t worked with others.

With the competitive analysis, you can clearly see where your competition is spending money. What is their marketing budget, and how the internet fits into their marketing strategy?

Ask for data. Base your marketing strategy on solid benchmarks. You have opportunity to maximize the returns from the marketing budget.

Do you have more questions on the ideas I introduced here? Feel free to ask me.



Get Competitive Edge… Generate Leads... Build Brand Value... Online Credibility... Web Analytics... Marketing, Business Technology...


Category: Competitive Analysis, Digital Marketing, Marketing Articles
Tags: , , ,
Written by: Deven Pravin Shah

Related Topics
 

About the author: Deven Pravin Shah
I am a business technology specialist. I help my partners grow their business by implementing system that combine technology and new marketing, business development ideas. I enjoy putting together ...read more

 

Leave a Reply





Sign up now. We send emails with links to the new ideas and articles.

Enter your email address:

Recent Comments:

  • vijay patel: Hi DEVAN, I read your article about “YELLOWSTONE TRIP” what a beautiful writing and awesome...

  • Deven Pravin Shah: Thanks Nilesh. It was an awesome trip.

  • Nilesh: Hi Deven, Read your awesome article about “Yellowstone Trip” at one breath. Your words made the...

  • Mic: Break down the fortress – Share your content Nice article Deven!!

  • Mic: As with every sale you have to ask for the close of the deal – don’t forget that.. Being specific...

  • Tobias Baute: Informative the way you feel in relation to Decisions – do I use intuition or logic? | Infuse...

  • Gene Bonanno: I think you are spot on recommending to your readers here Deven to always include calls to action with...

  • DoItWrite: Very good advice, Deven. As a content generator, I would like to reinforce the idea of having quality...

  • Deven Pravin Shah: Thanks Chuck, great point on consistency. -Deven

  • Chuck Bankoff: As usual, great observations Deven. It’s amazing how much information can be gleaned with just a...

  • Chuck Bankoff: Good observations Deven. I might add that “consistency of message” is also important. As a memory...

  • Deven Pravin Shah: Hi Nilesh, thanks for your comment. I liked nuggets for organizing the presentation, and also...

  • Nilesh: Hi Deven, I like your article about preparation for a speech. One of my mentor told me a very good point...

  • Deven Pravin Shah: Thanks Chasin. -Deven

  • Chasin Prather: Hi Deven, I read Blink as well and I came to many of the same conclusions as you have. It really is...