«The secret to successful launches: mastering target audience identification & boosting profits!»
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Even with an outstanding product, its success hinges on a marketing strategy that resonates with your end customer. Understanding your ideal customer is crucial. Who are they? What values do they hold dear? Which social media platforms do they frequent, and what type of advertising captures their interest?
This article will guide you through understanding what a target audience is, how to locate them, and the most effective communication strategies to maximize your profits.
This article will guide you through understanding what a target audience is, how to locate them, and the most effective communication strategies to maximize your profits.
«Focus on identifying your target audience, delivering an authentic message that they want and need, and presenting yourself as an 'expert' in your niche», — Kim Garst, businesswoman, one of the most retweeted people in the world, founder of KG Enterprises
What Exactly is a Target Audience?
The effectiveness of an advertising campaign largely depends on accurately identifying the target group. A deep understanding of this group enhances communication effectiveness, garners attention, and fosters loyalty. In-depth analysis is vital to grasping your customers' needs, preferences, and behaviors and shaping an effective communication strategy.
Target audiences are segmented based on:
Target audiences are segmented based on:
- Behavior and habits: purchasing intentions, brand interactions
- Demographics: age, gender, education, language, economic status, and subcultures based on race or religion
- GEO: the location of potential customers, focusing on specific regions or countries.
- Existing customer status: differentiating between current customers and prospects
- Niche audience: a highly specialized group with unique needs or interests.
Define your target group in 5 steps!
1. Engage with Your Customers
Would you like to get to know your target group? Ask your existing customers! First, decide on a platform (Crowdsigna, Google Forms or SurveyMonkey) and define your survey objectives. Then, clarify the demographics, brand experience and purchase intent. You can post a link to the survey on popular social networks to achieve a wider reach.
In fact, this is part of the Custdev method, in which the interests of customers are determined in order to create and optimize an advertising campaign. With the help of surveys, interviews and focus groups, marketers investigate the needs and problems of the potential target group for which a product is then developed.
Would you like to get to know your target group? Ask your existing customers! First, decide on a platform (Crowdsigna, Google Forms or SurveyMonkey) and define your survey objectives. Then, clarify the demographics, brand experience and purchase intent. You can post a link to the survey on popular social networks to achieve a wider reach.
In fact, this is part of the Custdev method, in which the interests of customers are determined in order to create and optimize an advertising campaign. With the help of surveys, interviews and focus groups, marketers investigate the needs and problems of the potential target group for which a product is then developed.
2. Utilize Social Media for Demographic
Data Platforms like Facebook, Pinterest, and Instagram offer detailed user data, from age and location to device usage and income levels.
Data Platforms like Facebook, Pinterest, and Instagram offer detailed user data, from age and location to device usage and income levels.
- Pinterest: check the Audience Statistics in the Analytics menu;
- LinkedIn: explore follower overviews in Analytics;
- Facebook/Instagram: use Facebook Business Suite or Business Manager, select "Statistics," then the "Audience" tab;
- Google Analytics: access the Demographics* tab under "Reports" in the "User" section.
*Enable Google signals in your data settings if demographic data isn't visible.
Marketer's Note: Popular tools for audience research in 2023 include Google Analytics, Facebook Insights, HubSpot, Ahrefs, and Hotjar.
4. Study your competitors
Once you have basic information about your target audience and how they interact with your business, it's time to get to know your competitors. By studying their strategies, you can answer the questions:
Once you have basic information about your target audience and how they interact with your business, it's time to get to know your competitors. By studying their strategies, you can answer the questions:
- Does your target audience overlap?
- Are competitors reaching specific groups that you have overlooked?
- How are they positioning themselves?
- What platforms are they advertising on?
- What consumer pain points are they attacking?
By studying your competitors' strategies and comparing them to your own, you can find out how you can better target the same customers.
Based on the customer data, an average customer portrait or "avatar" is created. In fact, this is one of the easiest ways to create a composite image of your ideal customer. Today, almost 67% of marketers use this method.
Alistair Dodds of Ever Increasing Circles suggests:
Based on the customer data, an average customer portrait or "avatar" is created. In fact, this is one of the easiest ways to create a composite image of your ideal customer. Today, almost 67% of marketers use this method.
Alistair Dodds of Ever Increasing Circles suggests:
- Identifying demographics, buying habits, and preferred influencers.
- Determining if your product/service solves their problems.
- Testing assumptions in Facebook Insights for demographic details.
- Running targeted ad campaigns to gauge engagement.
- Comparing results with Google Analytics for website visitor demographics.
5. Is this really my target audience?
Identifying your target audience is a foundational business planning step. It's crucial to adjust your strategy and audience understanding based on initial traffic and ongoing experience.
Useful Tools:
Identifying your target audience is a foundational business planning step. It's crucial to adjust your strategy and audience understanding based on initial traffic and ongoing experience.
Useful Tools:
- SimilarWeb for website traffic analysis. It allows you to evaluate the depth of page visits, dwell time and other important parameters. In addition, there is also data about competitors, allowing you to get different insights in time.
- LiveDune for social media performance analysis. Engagement, reach, and many more metrics can be analyzed and interpreted.
- Brand Analytics for social media and media monitoring. The solution provides information about customer preferences, what they say about your competitors and yourself, and how certain PR activities are perceived.
AdSkill emphasizes the quality of the audience during launch and promotion. Last year, we worked with a Belarusian company specializing in selling bicycles with an average check of $300. With the client's goals in mind, the team launched a TikTok campaign for:
- Increasing reach and sales volume;
- Increasing CTR and customizing performance according to a given KPI;
- Reducing cost per targeted action.
Real-World Success Stories
First of all, we defined the target audience. The portrait of an average TikTok user completely fell within the client's marketing goals: men (77%) and women (23%) aged 18-24, who are into sports and lead an active lifestyle.
For them, we developed working creatives and thought through a promising promotion strategy. As a result, new entertaining videos and instant feedback in comments had a positive impact on audience loyalty: CPA reached 3.6$, and sales growth amounted to 17% for the month.
For them, we developed working creatives and thought through a promising promotion strategy. As a result, new entertaining videos and instant feedback in comments had a positive impact on audience loyalty: CPA reached 3.6$, and sales growth amounted to 17% for the month.
Another case in the E-commerce Dealership vertical is a dealer of Chinese electric cars priced at $60,000. The client wanted to increase sales and chose TikTok as a source.
Given that the platform is most often used by young people aged 18-24 (36%), we decided to break it down by age and by ability to pay. A pool of creatives was created for different strata of TikTok's audience, aimed at familiarizing them with the brand and establishing trusting relationships. We found out that the vast majority of them are men, and our messages to the audience definitely worked:
Given that the platform is most often used by young people aged 18-24 (36%), we decided to break it down by age and by ability to pay. A pool of creatives was created for different strata of TikTok's audience, aimed at familiarizing them with the brand and establishing trusting relationships. We found out that the vast majority of them are men, and our messages to the audience definitely worked:
- CPA or bid price reached $7, which was completely satisfactory to the client;
- In two months, conversion to application increased by 6%;
- Traffic to the offline salon increased by 30%.
In Conclusion
Effectively targeting your audience is crucial for successful advertising campaigns. It strengthens customer connections, enhances brand awareness, and boosts conversions and revenue.
AdSkill experts connect to effectively find your target audience to answer the main question: who is interested in your offer? In addition, we will develop personalized marketing strategies and content, find effective channels to promote it, hit your target audience with 100% accuracy and keep their attention. Contact us @sales_adskill to find and analyze your ideal buyer!
AdSkill experts connect to effectively find your target audience to answer the main question: who is interested in your offer? In addition, we will develop personalized marketing strategies and content, find effective channels to promote it, hit your target audience with 100% accuracy and keep their attention. Contact us @sales_adskill to find and analyze your ideal buyer!