Posted January 20th, 2010
by Jaremy Rich
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6 Comments

Today’s society is really about more. More bang for your buck, more Twitter followers, more customers, more updates. Unfortunately, the answer to more money, more conversions and more profits isn’t always more. It’s better. Sometimes instead of focusing on casting a wider net and bringing in a small percentage of a large (unlikely to convert) population, you need to focus on a smaller, more appropriate audience. In most cases, you’ll get a better return on your time and effort by cutting down the number of people you pitch or contact, even online.
Proper targeting and segmentation is one of the biggest inefficiencies in marketing and advertising. It is extremely important to increase your customer base while maintaining (or increasing) your rate of conversion. Otherwise, you quickly waste money by expending energy and time on non-profitable consumers. Due to the relative ease of mass social media marketing, many marketers mistake the ability to appeal to the largest audience possible as a necessity. Because, “why not”? The reason is there are costs (even online) of time, effort and resources that add up and could be better spent targeting customers better to increase conversions rather than building up the base that you’re pitching.
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