Should I focus on just one niche customer group initially?
I have been trying to get feedback from my ideal target audience but I am finding the group hard to reach. There is another target audience that could benefit from my service. I am not as passionate about that group but I think they may be easier to get feedback as I build out my business. Should I focus on both or only one?
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Jul 15, 2015
I'd go after several at once. It may turn out that one or two niches reveal themselves to be more profitable (or as important, more fun to service) over time.
Then that's where you focus your energy.
Jul 10, 2015
Not unless you have assessed your customer base in the complete area within the reach of the business. This includes population demographics, advertising statistics, and current customer participation. For online work, SEOs and ROI at time/cost benefit returns should also be included. Once you know who is already buying your product or who is automatically included in the customer base you are trying to reach, then you can assess your product for marketability and possible changes to adapt to fit the customer demographics. Also, do not abandon your idea of your "ideal target" reach- this is the core of the ideology of your product. On the other hand, you should not limit the product before you have analyzed current status as this will help you build your business realistically.
Jul 9, 2015
I think most of my colleagues have said this, but you have to have an Initial focus to get someplace. If you are doing everything, that is hard. Passion is great, but Paying the Bills typically comes First. I would lay out a 1 Year, 3 Year, and 5 Year Plan. That may not be realistic- it may be 1 year, 2, year, 3 year. Depends a lot on how your market is defined. Be Careful Passion does not get in the way of Success. You can be Successful and that Can Fuel Your Passion!
Jul 9, 2015
Paradox is king.
If you only focus on one thing AT BEST you will have one thing. You MUST never clip your wings. Keep your options open look for another market while focusing on these two. That's what entrepreneurs do. Now it is a question of dosage. How much effort, money, energy to put into each option. Life moves so should you
good luck
Jul 9, 2015
Richard Stern-suggest going to a target group of customers by ease of access. The more difficult customers come on later after you establish the company with one set of customers
Jul 9, 2015
The point of customer validation is to find the customers for your service. I suggest you test both. You may learn something from the second group that will help you reach the first. Perhaps you are not finding the compelling reason to give feedback for the desired target market. Learn from every source, to help refine both your idea and how you test you hypothesis.
Jul 9, 2015
Reaching out to a different customer group can only benefit you. As they say, the more the merrier. Besides, you have to allow for whatever response time the first group might require. I don't see the harm in broadening your base if you have the time and the bandwidth.
Jul 9, 2015
Try them all. if you just put your efforts into one group and it does not work out, then you have wasted effort and missed opportunities that could have came from other groups. Pre 1990’s it was much easier to focus on particular groups and areas because that is how it was done “all local” and word of mouth but now due to internet you can reach out to anyone, anywhere, anytime. Just put your idea/product out there and see what it can attract and then go on from there.
Jul 8, 2015
Focus on your best interested target market. Success creates a wider market naturally.
Jul 8, 2015
I don"t think so never focus on just customer any how - We don"t know future days - things or situation may change - from my practical experience we shall always find new customers as much as we can .