Missing the boat when it comes to your target market?
Many of you know of my latest adventure – creating the Mompreneur of the Year event this April in Mesa. Lately I’ve been cold calling on businesses I feel would be a good fit for event attendees. My criteria? Businesses that appeal to moms in general and/or women growing their business in the Phoenix-metro area. I’m not a fan of cold calling, but know that it needs to be done in order for the expo to be successful. Can’t have an expo without exhibitors, right?
There are plenty of businesses that appeal to moms and mom entrepreneurs as the title of the event suggests, but I have to say that some of these businesses continue to amaze me, and not in a good way.
Just the other week I walked into a children’s consignment store in Mesa and was told by the owner that she doesn’t sell to mom entrepreneurs, but she sells to moms. “What??” you ask? Yes, my thoughts exactly. Mom entrepreneurs are not her target market. How she determines which moms are stay-at-home and which are entrepreneurs and business women is beyond me, but this is the response I received from her. I was floored. Moms are the very people she should be reaching out to. I left her store wondering if she thought all mom entrepreneurs are wealthy beyond their wildest dreams and only shopped at high end boutiques. If anything, mom entrepreneurs are the most practical people on the planet.
Another business you would think has the marketing sense to figure out “who” their target market is was a big box store in Chandler that sold baby and children everything. They are new in the market competing with the likes of Toys ‘R Us and Babies ‘R Us. In fact, just received an insert in the mail with their coupons and ads. You know that had to cost a pretty penny. So, why do you think exhibiting at an event that reached their target market in the geographic location they’re in would be a turn off to them? Again, no idea. I suppose they enjoy spending big dollars on expensive advertising to reach homes without children when I can guarantee that 95% of the event attendees have young children at home. Perplexes me.
I provide these examples not to bash on these business owners, but to educate readers that identifying your target market is key to making your business work. You cannot be all things to all people, so narrow it down. These businesses have not yet figured out “who” they should be marketing to. They’re inundated with this advertising opportunity and that that they don’t know when a good opportunity knocks on their door that will bring them new customers. They use the shotgun approach to marketing, which is definitely quite costly, and hope and pray it brings in customers. Not good.
If you’re re-evaluating who your target market is, please keep in mind these items.
Demographics
1. Age
2. Income
3. Family Size
4. Education
5. Occupation
6. Gender
7. Nationality/Race
Geographic Location
1. Regional habits
2. Climate
Psychographics (Behaviors, Lifestyle, etc.)
1. Brand loyalty
2. Value of quality
And if you need help in this area, just ask. Would be happy to chat with you.













