The actual nuance of identifying a Single Target Market – 2

Marketing, messaging, niche, segmentation, single target market

When you do the exercise of narrowing down a segment based on different attributes or use cases, as I listed in the previous post on this topic, you keep eliminating a lot of the other areas which could divert your attention.

Then once you have been able to come down to the narrowest market (single target market) and figured out the economics of reaching out to that market, you can start working on the messaging.

Messaging is a very complex topic and by just reading a few lines here will not show you the gravity of the work that needs to be done to work it out. However by narrowing down, you can now put yourself in the shoes of the person whom you could be talking to. Once you are in her shoes, you can start thinking about what would go on in their mind related to what you are offering. Since you have too only think for this one person, life becomes much easier and you can create more targeted messages.

Sometimes the things you sell, don’t directly feature in the mind of the person, so you need to go one stage upstream and then create the messaging. Like no one, would think of outdoor – wedding – catering, until there’s a marriage that is taking place in the family. So in such cases your message will need to be focused on how it will get moulded with the marriage discussion going on in the mind of. the person you are targeting and then place the idea of an outdoor wedding. Since if they won’t think of an outdoor wedding, they can’t think of an outdoor – wedding – catering.

You cannot create powerful messaging without entering the mind of the prospect. And the best way in my opinion is to get down to a single target market.

Till next time then.

Carpe Diem!!!

Doing the medium – market, message match – 3

B2B, Character, Marketing, media, medium, messaging

Assuming you agree with my opinion – that I shared in the first two posts on this topic – that we should first look at the market and then decide on the medium and message, today is a take on the personality or characteristics of each medium. Again you may not agree with my view, but this view has helped me characterise what kind of message would be good for what kind of a medium.

But before we get into that, there’s some clarification with respect to what I consider as a message. The message and the medium kinda go hand-in-hand and the characteristic of the medium will put constraints on the type of message. Since I primarily deal with B2B, most of my terminology would be related to that kind of customers. However even in the B2c segment you would have similar kind of messages.

When it comes to B2B, a message could be a white paper, a case study, a webinar on a given topic, an email, a physical seminar or event for a specific product/service, a physical or virtual conference to showcase the company and a whole lot of others. The size of the message could vary, depending on the medium you are using as well as the duration. So a webinar could be 45 minutes talking about the features and benefits (the message) or it could be a full day workshop , where you are teaching the nitty gritty of the product (another kind of message). Since the workshop is more long form your message will need to be designed accordingly.

Now coming to what I started with, each medium has its own character. A conference is a good place to send a message en-mass while an email is something more personal one-to-one. An email expects a response, to take the next step, a conference is primarily one way. Like a bill board is a one way medium in the B2C segment.

So when you are sending an email its got to be personal, short and expecting a response. On the other hand a webinar would be something which is longer with minimal interaction planned, expect maybe at the end. You can’t use the message that you would put out in the webinar in an email and vice-versa.

So device your message based on the medium that you intend to use.

Till next time then.

Carpe Diem!!!

Doing the medium, market, message map – 2

campaign, content, Marketing, media, medium, messaging, single target market

In the previous post on this topic, I had given my views on why starting with the medium first is not a good idea. As a matter of fact a lot of people may give a lot of focus on the message also. No doubt creating the message (all kind of content) is a creative capability and requires skill but sending an amazing message to the wrong audience will be ineffective.

Let’s take a few examples, to showcase my logic.

Suppose you were selling lingerie but your database or list of people to whom you were sending the message was primarily men, there’s quite a big chance that the campaign would not be successful.

Suppose you were selling diet pills for men and your database primarily had women and lean men, would you be able to sell a lot of packages of your diet pills.

In both the the above examples you may have some success either because the amazing message you wrote got the spouses buying somethings or relatives buying something but it would not be what you are actually looking for.

On the other hand even a mediocre message to the right list will get a large response. This is not to underscore the importance of copy. It is however important to emphasize the importance of identifying clearly the single target market that you’re focusing on.

Hope I have been able to place my viewpoint clearly over the last 2 posts. I would to hear if there are any counter arguments that any of you have to the logic I have placed. Please list your comments below.

Till next time then.

Carpe Diem!!!

Doing the medium – market, message match

campaign, compelling, ideal customer, Marketing, medium, messaging, single target market

A lot of times I get to hear, we want to run a video campaign, or email campaign or we want to start a podcast. People start with the medium first, which in my opinion is the wrong sequence of actions. The first thing that need’s to be determined is the “market / ideal customer”. Where is the Single Target Market that you want to focus on. Once you have determined that piece then you figure out the messages / content you want to give to that audience and then you find the vehicle (the medium) to take that message / content.

Each message / piece of content, has a “job” (job of the milkshake , Clayton Christensen) to do. One message could be get the person to raise their hand, another could be to educate the prospects, some could be to compel the prospects to buy.

Now based on the message that you are trying to give out to your audience, you can choose the medium. Choosing a medium which the market does not access will be disastrous for your message and overall marketing plan.

As an example , if your audience is doing a lot of commute then a podcast or a video both could be good. But if you realise that within that audience which does commute there are people who commute on bicycles or drive cars then a video is not a good idea. A podcast could be a better idea. For example, I do a lot of commute, where I am driving my car. And giving me company are different podcasts, some of which I refer over here as well. If someone was to direct me to watch a video, to educate me while I was driving, I would not look at it and it would be a waste.

So when you choose to either do a campaign or plan an activity related to marketing, always start with the audience of one – see what is happening in the life of that one person from the Single Target Market that you defined, and then how you will reach out to her with whatever is the focus of the messaging that you intend.

Till next time then

Carpe Diem!!!