What are the steps involved with target marketing?

Answer 1

6 Steps to Finding Your Target Market

Your objective: As you progress through each step, your target market should get smaller and smaller, until eventually it goes from the population of the world to a manageable group of individuals with common characteristics and interests. Why?Because if you plan your marketing campaign well, this targeted group of people will buy enough copies of your book to make you successful (everyone else who happens to buy the book will just make you more successful).

Step 1: Break down your audience by country and/or region.

• Try to stick with one or two countries at most.
• Ask yourself if your subject matter is relevant to other cultures.
• Take into account language and currency barriers.
• If you're targeting a large country, you may want to break it down by region or province as well.

Step 2: Decide if your book will appeal more to urbanites, suburbanites or country folk.

• Do you envision people reading your book at a sidewalk cafe in a bustling city, on the sidelines at a soccer game or under an apple tree in an orchard?
• Understand that folks in the cities, suburbs and countrysides can all be avid readers. They all have access to Amazon.com and local bookstores, but the pace of their life dictates different tastes and interests in reading materials.

Step 3: Pick an Age Group or Generation

• Everybody wants to write to the youth population, but people over 18 buy and read books, too.
• Research different major generational groups - the Baby Boomers, Generation X, Generation Y, etc. Find the right one (note: ONE) that fits your style and subject.

Step 4: Choose Your Side of the Gender Gap

• Understand that at least 75% of the time, you will be targeting females. Period.
• The few exceptions for targeting males: sports books, some crime/mystery thrillers, Science Fiction and occasional self-help books.
• If you are a female author, it is going to be especially hard for you to target men (Nora Roberts had to change her entire persona down to her name [J.D. Robb] to target men, so did J.K. Rowling).

Step 5: Segment Your Market by Level of Education

• Consider your writing style and lexicon and decide what level of education your average reader should possess.
• Keep in mind that the average person in the U.S. reads at about an 8th grade level.
• Subject matter can also be relevant or irrelevant to people of certain educational backgrounds.
• Educational information also segues into occupational information which segues into financial information, which is critical. A person's discretionary income to spend on things like books is a vital piece of knowledge in setting your price point and choosing what marketing mediums to use.

Step 6: Wrap it up with class.

• If you determined in Step 5 that your target market is college educated, in this step you have to figure out if they were legacies at Princeton or night school honorees.
• Don't stop at middle class and upper class, consider blue collar and white collar, professional and managerial, etc.