A well-thought-out marketing strategy serves as the foundation of every successful product or service. As a small business owner, you might be able to cheaply inform the masses with a general advertising campaign, but this is no way forward in today’s environment. To really make an impact, you need to know exactly who your potential customers are.
This is true for a number of reasons. The most obvious is that you will earn the best possible return on investment from your marketing efforts. Additionally, it will help you determine how to present your brand to the public. Knowing your target audience will also help you identify ways to increase profits. Here’s how to do it.