As a small business owner, it is essential to understand the importance of targeting your audience accurately
Knowing who you want to market to helps you create content that is tailored to their needs and interests, providing them with value and helping you maximize your ROI. Let's use an example of a new hair salon client to demonstrate how understanding your target audience niche can help you achieve success in your business.
The Client’s Branding & Products
Our hypothetical client has created a brand identity that is minimalist in nature - think clean fonts like Open Sans and models with a natural-looking appeal. They also sell all-natural, plant-based, and organic hair products, which speaks volumes about the type of customers they are looking for. From this information, we can infer that this salon hopes to attract those who enjoy sustainable living and prefer natural hair color tones.
Understand Conversion Rates
Once you know who your target audience is, you need to understand conversion rates in order to maximize ROI for each campaign. For example, if 100 people view an ad for our client’s hair salon, we would expect only 10-20 of them to convert into actual customers or leads. Why? Because not everyone will fit into our target audience niche – some may be looking for something else, or simply not interested in our product/service at this time. The key here is understanding how many people will actually convert based on your chosen target audience and then optimizing campaigns accordingly.
Why It’s Important To Narrow Your Audience
When it comes down to it, marketing isn’t about appealing to everyone; instead, it’s about finding the right people who will be interested in what you have to offer. Trying to target everyone can be overwhelming and costly — not only are you trying to reach too many people at once, but you are essentially wasting money on reaching out to those who may not be interested in purchasing from you anyway. With our hair salon client example, focusing on the 10-20 out of 100 people who fit the lifestyle they described ensures that these customers will be more likely to become loyal clients for years — thus providing the business with strong ROI (return on investment).
Data-Driven Decisions
Finally, when it comes down to making decisions about digital marketing for your business, data should always be at the forefront of your mind. Analyze data related to past campaigns and consumer behavior in order to make informed decisions about future campaigns. Track metrics such as click-through rates (CTR), time spent on site (TSS), page views per session (PVPS), and more in order gauge how well each campaign performed—and whether any changes need to be made for future efforts!
“Understanding your target audience niche is invaluable when running a small business — after all, having knowledge about whom exactly you are marketing towards allows for more effective strategies that will inevitably bring success.”
By considering factors such as branding, product offerings, customer lifestyle preferences, and more - small business owners can ensure they are maximizing their reach while minimizing marketing costs - ultimately leading them closer towards achieving their goals.
At Xpression, we understand that data and analytics are the keys to success for business. By tracking how many people our clients need on their website to become customers, we give them the opportunity to have a powerful content strategy and targeted ad campaigns in place so they meet their goals each month. We use this data to drive better results and know how much traffic our client needs in order to increase the amount of customers they receive - resulting in higher profits. Data is a game changer and at Xpression, it’s what sets us apart!