American Express Small Business Small Business Exchange
Information and Resources

Home
Travel Services
Products and Services
Apply for the Card
Apply to Accept the Card
Business Financing
Business Financing
Equipment Financing
International Payments
Tax Services
Financial Planning and Investing
Savings and Discounts
Online Account Access
Check Card Account
Check Merchant Account
Check Quarterly Management Report
Segment Title
Back Content Title

Your Target Customers

In order to reach your target customers, you've got to know who they are. Look for common identifiable characteristics. Are they companies or individuals? Do they fall into a certain age, geographic or income demographic? How do they buy your type of products or services? How often do they buy them? What features do they look for?

Don't use general terms - instead of "people who want to buy a dress for an infant" use something like "grandparents and other gift givers who are looking for a special outfit for a newborn."

Be careful not to spread yourself too thin. Not everyone is your target customer. Don't sell to everyone - segment your markets. If you are selling home heating oil in a specific region, you could target your marketing at every household in that region. But would that be an efficient use of your time and money? Probably not. You'd want to narrow your focus. Is your target customer existing users of home heating oil or is it people who use gas heat but are thinking of converting to oil? Or are you looking for people who've just bought a house and haven't decided who they will buy their oil from? Are you selling to residential customers or to local businesses?

Some other things to look out for:

    Be sure your target market is large enough to support your sales objectives.

    Don't guess who your target market is. When possible, quantify by numbers through research. Call trade associations; go to your research library and look up market data; use demographic information from the census; etc.

    The purchaser of your product or service may not necessarily be the user.

    If you're selling business-to-business, remember that your product or service is bought by a person, not by a company.



Back to Create Your Marketing Plan


Home |  Search  |  Expert Advice |  Help  |  Site Map

Copyright (c) 2000 American Express Company. All Rights Reserved. Users of this site agree to be bound by the terms of the American Express Web Site Rules and Regulations. View Web Site Rules and Regulations and trademarks and Privacy Statement of American Express. See Corporate Entities and Important Disclosures for additional information about the American Express entities who offer products and services on americanexpress.com. American Express Brokerage is offered by American Express Financial Advisors Inc., Member NASD and SIPC. American Express Company is separate from American Express Financial Advisors Inc. and is not a broker dealer.