Identify your Local Target Market


A common mistake in lead generation comes from too broad of a target market. To identify a focused niche, analyze your existing client base. Determine the demographics and psychographics of your most profitable clients. Then Identify other companies in your local market that fit the same profile. These are the companies on which to focus your efforts..
 

Everybody’s NOT your Prospect

What are the best strategies used by B2B sales and marketing professionals to identify and reach your target market? To achieve and maintain a pipeline full of qualified prospects will require more than showing up. No matter how broad your market may be, you will grow your business the more you understand about your existing client base. Strive for continuous improvement as you:
  • Define your Target Market and Plan how to Reach It.
  • Execute direct sales prospecting best practices. (appointment setting skills, networking, pro-active referrals, in person calls, sales rep knowledge and value creation, direct mail and/or email marketing)
  • Commit to ongoing review and management of your pipeline.
  • Communicate between sales & marketing roles, initiatives, goals, measure for success

Understand Marketing Activity Impact on sales (advertising, direct mail marketing, email marketing, sponsorships, trade shows, events, outbound telemarketing, website etc.)
 

Pre-search

Make pre-search your first step. “Presearch provides searchers with strategies to narrow their focus and develop specific questions or define information needs." (M. L. Pappas & E. L. Tepe, 1997). Management should provide all employees a clear definition of which criteria make a prospect “qualified” for your products or services.

Even if “everybody” is a prospect for your services, do you really want to market to your competitors? Do all of your prospects offer equal opportunity in terms of reward? Some customers, often the large and unprofitable ones, may be more trouble than they are worth. Others with a respected brand may give you instant credibility. 

Use BWise to help you analyze your current clients and profile your target market accurately and effectively.

Warning: Once you use BWise, you won’t want to target the local market without it.

 


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"I’ve been in hotel sales for 10 years in many different markets. Of all the prospecting tools I’ve ever used, Business Wise has got to be the most fun! I love how you can instantly see everyone in the same building as a prospect with a single click."
Melissa Cothern
Corporate Sales Manager
Crowne Plaza Atlanta-Marietta
Why do so many salespeople agree that Business Wise data is better? What's unique about us and how it will impact your company's new business development results? More >
Atlanta
  
6190 Powers Ferry Rd. 
  
Suite 190
  
Atlanta, GA 30339
  
Phone 770.956.1955
  
Fax 770.951.8573
Charlotte
 
6100 Fairview Rd.
 
Suite 330
 
Charlotte, NC 28210
 
Phone 704.554.4112
 
Fax 704.554.4116
Dallas
 
15851 Dallas Pkwy
 
Suite 404
 
Addison, TX 75001
 
Phone 214.306.0605
 
Fax 214.453.0995

 

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