The Entrepreneur Forum | Financial Freedom | Starting a Business | Motivation | Money | Success
  • SPONSORED: GiganticWebsites.com: We Build Sites with THOUSANDS of Unique and Genuinely Useful Articles

    30% to 50% Fastlane-exclusive discounts on WordPress-powered websites with everything included: WordPress setup, design, keyword research, article creation and article publishing. Click HERE to claim.

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Join free.

Join over 90,000 entrepreneurs who have rejected the paradigm of mediocrity and said "NO!" to underpaid jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence.

Free registration at the forum removes this block.

Does a physical products business has to have a specific target audience?

RisingStars

Bronze Contributor
Read Fastlane!
Speedway Pass
User Power
Value/Post Ratio
127%
Sep 9, 2014
234
298
27
Germany
Since my last thread, my fear that not beeing part of my target audience would be bad in some way got crushed. Special thanks to @MTF and @Andy Black
As said in my other thread I have currently two physical products which solve a need for people with fish tanks but also fall into a certain kind of product group which got room for expansion in this direction.

I've did a lot of research and most ressources on the internet state that physical product brands need a specific target audience to succeed.
e.g.:
Business A: Sunglasses for bikers, Sunglasses for truckers, Sunglasses for surfers... = bad since no specific target audience
Business B: Sunglasses for bikers, Shirts for bikers, Gloves for bikers... = good since a specific audience (bikers)

Provided that both businesses solve a need in the products they sell, is Business B more likely to succeed?
Do you know any resources which favor the "product type" approach or do you own a business like "A"? I believe that a lot of modern marketing methods fail with this kind of approach and a specific customer audience would be better. What do you think?

Some resources for the "target group" approach:

Don't Invest in Branding Until You've Done This
How to Define Your Target Market
The Importance of Really Knowing Your Target Audiences
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

Andy Black

Help people. Get paid. Help more people.
Staff member
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Fastlane!
Speedway Pass
User Power
Value/Post Ratio
370%
May 20, 2014
18,696
69,087
Ireland
Since my last thread, my fear that not beeing part of my target audience would be bad in some way got crushed. Special thanks to @MTF and @Andy Black
As said in my other thread I have currently two physical products which solve a need for people with fish tanks but also fall into a certain kind of product group which got room for expansion in this direction.

I've did a lot of research and most ressources on the internet state that physical product brands need a specific target audience to succeed.
e.g.:
Business A: Sunglasses for bikers, Sunglasses for truckers, Sunglasses for surfers... = bad since no specific target audience
Business B: Sunglasses for bikers, Shirts for bikers, Gloves for bikers... = good since a specific audience (bikers)

Provided that both businesses solve a need in the products they sell, is Business B more likely to succeed?
Do you know any resources which favor the "product type" approach or do you own a business like "A"? I believe that a lot of modern marketing methods fail with this kind of approach and a specific customer audience would be better. What do you think?

Some resources for the "target group" approach:

Don't Invest in Branding Until You've Done This
How to Define Your Target Market
The Importance of Really Knowing Your Target Audiences
I get a sense you're spending more time than you should doing research and giving too much store to what you find.

Personally, I prefer to ignore what people write and spend my time engaging the market and learning from them.

I've a few posts that might help:
 

Post New Topic

Please SEARCH before posting.
Please select the BEST category.

Post new topic

Guest post submissions offered HERE.

Latest Posts

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Ideas needing execution, more!

Join Fastlane Insiders.

Top