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As an entrepreneur, you've probably had previous
experience as an employee in the type of business you've opened. Based on
that experience, you no doubt have a good idea of who your customers or
clients are...but don't count on it!
When hunters wake up early in the
morning, they know whether they're going to be looking for ducks or
deer. If they're looking for ducks, they won't sit in a tree in a snowy
forest, because they know that's not where or when you find ducks. If
they're looking for deer, they won't go sit in a boat in flooded timber,
because they know they could sit there all day and they wouldn't see one
deer. Let's say our hunters have decided to hunt ducks. Now they have to
decide what kind of ducks, because all ducks are not found in the
same swamp - or even in the same state! You have to be just as specific.
Is your dream customer a women? Great - but what kind of a woman? Is she
18 years old? 35? 65? You won't find them all reading the same
publications, listening to the same music, or watching the same
television stations. Get specific!
Your community can shift every time a
substantial business opens or closes, housing developments or apartment
complexes appear, universities close for vacation and start up again, with the
addition or departure of competing businesses, and the natural aging of people
who live there.
You must keep track of the comings and goings in
your area that impact your business so you can react in a timely manner, with
inventory and service changes, location choices, pricing, and advertising
strategies.
How many times have you gone to a store check
out and been asked for your zip code? The store is tracking where their
customers are coming from. It tells them not only where to direct the lion's
share of their advertising, in particular, print and direct mail, but it
lets them know where the second and third largest groups of customers are coming
from. That way they can spend their advertising dollars accordingly.
Keep a form at your register, like the one in my
book, Advertising Without an Agency, and ask your customers for
their zip codes. Write down the gender and estimate the age of each person
making a purchase. It's important to do this for one or two weeks at a time, and
do it at least twice a year. If your business is seasonal, do this at the
beginning and end of each season.
Your customers can and will change on you. It
may be a long, drawn out process that sneaks up on you, or it may fast enough to
blindside you. If you're keeping track of your customers and your
competitors, and heeding the changes in your community, you'll be ready to
respond with changes in your inventory, services, and advertising
strategies.
Questions about your customers? Send your question to me by email!