Targeting is an inseparable part of marketing. It includes specifying buyer personas and markets and targeting them with the help of specific content tailored to their needs, requirements, and pain points.
Businesses implement targeting to discover their potential customers and create more effective campaigns. In fact, it is even more effective than mass marketing, as it deals with customers who are more likely to engage with their products and services.
Now that you have a general answer to your question “what is targeting”, let’s dive deeper and find out why it is important to
Why is targeting important?
Without a well-defined approach to reaching potential customers, your product promotion is destined for failure. In order to achieve successful sales, your first task is to identify your target audience and then employ tailored strategies and techniques for each specific segment.
By implementing a well-crafted plan, you can reach the following goals:
- 🔸 Capture valuable leads: Focus solely on leads who express interest in your product. This approach ensures you don’t waste resources on advertising to a broad audience, minimizing unnecessary expenses and efforts.
- 🔸 Maintain a competitive edge: The more precisely you target your marketing efforts, the greater advantage you gain over your competitors.
- 🔸 Enhance your offerings and services: To construct a successful targeting strategy, it is essential to conduct an in-depth analysis of your audience. This will enable you to comprehend the needs and desires of your clients. Armed with this invaluable information, you can make necessary improvements to your products and services, ensuring they align with customer expectations.
What are the main types of targeting?
Here are the 4 most common types of targeting you need to consider:
|Main Types of Targeting|
|Behavioral targeting||Content based on online behavior and interests|
|Contextual targeting||Content based on currently consuming topics by customers|
|Demographic targeting||Content based on characteristics such as age, gender, education, and income|
|Geographic targeting||Content for customers in a particular region or area|
Learning about your customer’s personality will definitely increase the effectiveness of your marketing campaigns. This is what behavioral targeting helps you to achieve.
This type uses personality traits and customers’ personal information to achieve their marketing goals. For instance, customers’ favorite places, previous purchases, shopping habits, and even their “likes” on social media platforms.
Based on the information you gather, you can customize your approach and select the appropriate language to engage with your potential customers. For those who make informed decisions, it is crucial to tailor your sales pitch to meet their specific needs.
On the other hand, for customers who have already made a purchase, you can focus on incentivizing them to buy again or offer related products/services that complement their previous purchase.
A great example of behavioral targeting is Facebook ads. How often have you thought of a specific product, then found it in your Facebook feed? By considering users’ previous interests and interactions, Facebook perfectly matches ads to their target audience.
Contextual targeting is similar to behavioral targeting as it involves the content customers are currently consuming. For instance, it uses information such as the websites customers visit, the type of games they play, or the songs they listen to.
Contextual targeting aims to align the content of your campaign with the specific interests and needs of your potential customers in real time, ensuring that your content is highly valuable and pertinent to your website visitors.
Demographic targeting forms the foundation of target marketing as it revolves around demographic attributes such as age, gender, profession, income, marital status, and more. By focusing on these demographic characteristics, businesses can effectively tailor their marketing efforts to reach and engage with specific segments of their target audience.
This approach allows for more precise messaging and customization of products or services to better meet the needs and preferences of the identified demographic groups.
An example of demographic targeting is selling kids’ cereals. The best time for advertising is during kids’ shows. Besides, you can find kids’ cereals on lower shelves at shops so that kids reach them and ask their parents to buy them.
Geographic targeting collects geographic data, such as country, IP address, city, etc. then targets potential customers within a particular location or area. As a result, you send ads exactly to the right people in the right locations.
For example, targeting a local car dealership directly to consumers in close proximity has a higher likelihood of driving sales compared to promoting the brand on a broader scale. While a general advertisement may pique interest, a localized advertisement significantly boosts the chances of a successful transaction taking place.
Frequently asked questions about targeting
What is targeting in lead generation?
In lead generation, targeting involves defining the characteristics, traits, and criteria that make up the ideal target audience for a particular product or service.
By analyzing demographics, psychographics, firmographics, behavior patterns, and specific needs or pain points, you can create targeted marketing campaigns, tailoring messages and offers to resonate with the identified audience.
What is targeting in cold email outreach?
The process of carefully choosing and focusing on a certain audience who are most likely to be interested in the product, service, or message being delivered through the cold email is known as targeting in cold email outreach. It entails locating and classifying the target market according to important aspects like demographics, industry, job descriptions, interests, or previous interactions.
How to set proper targets?
Here is a checklist on how you can set proper targets for effective sales:
- ✅ Define your goals
- ✅ Carry out market research
- ✅ Divide your target market into segments
- ✅ Set targets that are measurable
- ✅ Analyze past performance and use it as a baseline for growth
- ✅ Track your progress and make necessary adjustments
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