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Turning Businesses Into
Magnets™
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The
Success Doctor™'s Targeting Model
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The following
represents the Success Doctor™'s Targeting Model
(a format to follow when targeting a market or audience, or
while engaged in any targeting activity). It's in the form of
three concentric circles, like a bull's-eye, as follows:

How it Works
Applying the
targeting model is simple. Each circle represents a different
level in the targeting process -- the center being the first and
so on. The bull's-eye, the center, which is your "perfect
customer" or "core product" (actual benefits or
results your product delivers), should be your main aim at all
times.
The second level are things that are related to your perfect
customer or core product. The third level, while not related,
are things that are oriented towards your perfect customer or
core product. As the adage goes, "fish where the fish
swim." Find places, events or publications that meet any of
the three.
- The Center (Bull's-Eye):
It's what pertains directly to your target
market or core product (your core product being the main
benefit or result you offer, and not just the product
itself). In other words, it's anything that meets your
perfect customer profile (and does so immediately and as
specifically as possible). Things like demographics,
psychographics and geographics are included (such as age,
marital status, income level, location of residence or work,
hobbies, product benefits, job position, history and
industry, brand names, activities, product uses, extended
features or services, etc).
- The Second Tier (Middle
Layer): It's what pertains indirectly to your
target market or core product. Stated differently, it's
anything that relates to or logically fits in your
perfect customer profile (but is not connected to it). This
includes things such as direct competitors, complementary
products, ancillary products, additional (yet indirect)
benefits (such as other uses for your product beyond the
norm or common), common threads among one or more segments
of your demographics, related industries, etc.
- The Third Tier
(Outside Layer):
It's what does not pertain at all to your target
market or core product but somehow meets any of its
elements in some way or another. In other words, it's
anything totally unrelated to your perfect customer profile
but matches or is oriented towards any of its
areas. Examples are unrelated industries with which your
customer is associated, other businesses patronized by your
customer, other products your perfect customer has consumed,
indirect competitors (i.e., different products or benefits
that either replace or supercede yours), unsought benefits
your customer might enjoy and benefits of other,
non-competing products.
An Example
Here's a real-life example. Let's
say you're in the computer sales business. Your perfect customer
is a person aged between 20 and 35, earning around $30,000,
living in the eastern part of the United States and working in
the information field (e.g., accounting, high tech, engineering,
architecture, etc).
The center or bull's-eye would be to target that perfect
customer as specifically as possible. Computer-related
magazines, shows, websites, tradeshows, ezines and directories,
among other types of media, should be first on the agenda --
wherever your perfect customer is targeted, based on the
qualities and characteristics of your product or customer,
should be your first goal.
The second tier are areas that are indirectly related to your
perfect customer or product. Your goal would then be to target
markets that are similar to your own or somehow logically fit
into your target market as well -- in short, other related
publications, businesses or areas that target your perfect
customer too.
Areas include software magazines, trade publications, technology
websites, industry associations, non-competing businesses, etc.
An example would be other websites selling computer peripherals
or software your perfect customer would need or enjoy, such as
an accounting software package.
The third and final tier consist of totally unrelated areas that
target your perfect customer (or any one of its
characteristics). Let's say, through some research, you found
that a large percentage your target market are coffee drinkers.
Then areas you would seek are, for example, coffee-related
websites, specialty coffee magazines, coffee product stores
(e.g., coffee maker companies, mugs, espresso machines, etc),
restaurants, books on coffee and so on.
More In-Depth Examples
To illustrate how the targeting
model is applied, read Mike's answer to one of his subscriber's
questions at http://SuccessDoctor.com/question12.htm.
If you have a question, contact
Mike at http://SuccessDoctor.com/contact.htm.
Questions are selected on the basis of originality and
universality (it must appeal to as large of an audience as
possible). If selected, your question will be published in a
future installment of Mike's newsletter or on his website.
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