Entrepreneurship. Rhonda Abrams
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Название: Entrepreneurship

Автор: Rhonda Abrams

Издательство: Ingram

Жанр: Поиск работы, карьера

Серия:

isbn: 9781933895673

isbn:

СКАЧАТЬ The clearer the image of your target, the more likely you will hit it.

      Let’s say you sell a new kind of energy bar. You know it would appeal to a whole range of people: health buffs, office workers who can’t get away for lunch, serious athletes, people who are sick and need more calories, harried moms who don’t have time to stop for a meal, and just about anyone else who could use a quick, healthy pick-me-up.

      If you tried to sell to everyone who might buy your product, you’d need a huge marketing budget to make them all aware of you. You’d probably have to spend a fortune on advertising. And even then, you’d have to decide what you would say in your ads and what kinds of people and images you would feature.

      Instead, you need to select one or two market segments to pursue, especially as a new company, with limited resources. But whom should you sell to? How do you target your market? You have to narrow in on the factors that best make you able to compete and to reach—and sell to—a specific type of customer. These are some of the factors you need to consider in closing in on the “bull’s-eye” in your target market:

      ■ The features and benefits of your product or service. Which group does your energy bar best suit?

      ■ The competition. Is there a segment of the market that other energy bar makers fail to reach, or underserve?

      ■ Market trends. Is part of the overall market for energy bars growing?

      ■ Most motivated buyers. Which part of the market has the most immediate need or desire to purchase energy bars?

      ■ Greatest ability to purchase. What type of customer most likely has the disposable income to spend on energy bars?

      ■ Ease of reaching your prospects. Is there a part of the market that’s easiest to tell about your energy bars, because of trade shows, media (such as magazines), or other communications directed specifically at them?

      ■ Ease of selling to your prospects. Do any existing distribution channels (such as specific stores, websites, or wholesalers) make it easier or less expensive for you to reach one part of your market?

      In your case, let’s say you’ve developed your energy bar to have particular benefits for people engaged in sports. It happens that you’re located in a college town, filled with athletes on college teams: football, baseball, soccer, swimming, field hockey, and more. The town has even more recreational athletes: runners, swimmers, snowboarders, cyclists, skateboarders, and hikers.

      Your research reveals that you can most easily and quickly reach athletes on college teams. After all, if you can only convince the coaches of each team that your energy bar can improve their players’ performances—perhaps even giving each team samples to introduce them to your products—you may be able to get their teams to make large, repeated purchases. If they like your energy bars, the star players may endorse them when you start to market to recreational athletes. And you may be able to get other college (and high school and professional) teams all over the country to buy your energy bars, too. (That’s basically how Gatorade launched in 1965. It was promoted as an energy drink for athletes, and it now serves a much broader market.)

       Are you a B2C or B2B?

       One key component of your company’s business model—the basic structure of how you will make money—is whether you will sell “B2B” or “B2C.”

      ■ B2C (BUSINESS TO CONSUMER): You sell a product or service directly to the consumer or end user.

      ■ B2B (BUSINESS TO BUSINESS): You sell a product or service to another business, either for the company’s own use or for that company to resell to customers.

       In your marketing, you will want to emphasize different features, depending on whether yours is a B2C or a B2B business. With a B2C business, you’ll focus entirely on the personal benefits the end user will get from purchasing the product or service. With a B2C business, you’ll also have to emphasize the broader benefits the company will reap, especially when it resells your products or services to others. The focus will include how you meet a business need, such as through increased efficiency or improved profits.

      If you were asked to say precisely who your customers, or potential customers, are, how would you answer? You might say that your customers are all the people who purchase and use your product or service—but you’d be wrong. You must carefully distinguish between your customer and the consumer or end user of your product or service. You may sell directly to your end users. Or you may sell to an intermediary—and that intermediary may well have other intermediaries.

      Let’s continue with the energy bar example. Who’s your customer? Is it a coach purchasing the energy bars for an entire team? They’ll want to know not only whether it will improve performance but how much bulk purchases will cost. Or is it the end user (the consumer) of your product—the college athlete—who will actually eat it and get the burst of energy needed to score that winning goal? They’ll be interested in the taste, as well as how it makes them feel.

      Or is your customer the snack foods buyer at the grocery store? This person’s concerns are down to earth: how much money you’ll spend on advertising, how quickly you’ll replenish inventory, and whether you’ll pay the store a stocking fee to obtain shelf space.

      Recreational athletes and other consumers won’t have a chance to buy or eat your energy bars if you don’t meet the supermarket buyers’ needs first. On top of that, if you don’t have your own sales and distribution force to sell to snack shops and supermarkets, it’s likely you’ll first have to find a distributor and convince them to carry your product.

      The coach. The athlete. The store buyer. The distributor. You have to satisfy a lot of customers with each energy bar. You’ll give yourself a competitive edge by thinking of each of these customers—and planning for their needs and motivation.

      Being responsive to the details that are important to distributors, retailers, sales representatives, and others helps you plan your marketing materials, operations, packaging—and even the nature of the product itself. If sales reps in your industry must purchase their samples, for instance, you can set yourself apart by supplying free samples. If retailers can fit more square packages on a shelf than round packages, you’ll be more competitive by choosing a square package.

      Even if you think you’ll market directly to consumers on the Internet, you’ll discover that there are still many entities between you and your customer in cyberspace. In the case of the energy bars, your intermediary might be the online grocery store, a health food site, a sporting goods store, a gym, or a search engine that will help customers find you. So you’ll still have more than simply athletes to please.

       Primary and secondary customers

       Your primary customers are the ones you spend the most time (and money) targeting. For example, if you manufacture outdoor apparel, your primary customer could be a snowboarding or surfing enthusiast. Yet you might also have secondary customers—customers you wouldn’t necessarily expect to be interested in your product.

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