Finanz Consulting
Business made simple with articles that helps one understands how business works and how to succeed in business.
Finanz Consultant gives professional advice on business related matters like accounting, marketing and e-commerce
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Hit the Target 🎯
Since it's Thursday let's talk about Target market,
Let's find out what it is, why it's important and most importantly how to use it make money🤑.
So what is target market, Going straight to the point ➡️ a target market is group of people with a problem, looking for a solution and are able to pay for the solution which your business offers.
So basically it's:
People with a problem + in need of a solution + 💰 = Target market
Now that we know what it let's look at why it's important.
The primary reason a target market is important is because they are ones mostly likely to purchase your products or services. They are your potential customers and you need to know them and how to advertise your product to them.
NOTE🔺: Your target market should be specific. Why? Because it saves you the cost and time of advertising to the wrong people.
A good target market will include age group, level of income, level of education, hobbies etc.
Now for the most important part how to use target market to make money.
Well this is quite simple all you have to do is offer the product to the recognised target market. And how do you do this with ads ads ads, you have advertise your products as much as you can so as to get the attention of your target market.
And that's a wrap more content coming soon.
Finanz Consulting Business made simple with articles that helps one understands how business works and how to succeed in business.
JUST STARTING...
We at Finanz Consulting know it can be very frustrating running a start-up especially when it comes to sourcing for funds to run the business that's why we have come with a way to ease the pressure.
With an online training on how to attract investors for startups.
This training comes with so many added benefits like a list of angel investors in Nigeria and how to get access to them.
For more information click the link below 👇
https://tinyurl.com/2axyep62
Finanz Consulting Business made simple with articles that helps one understands how business works and how to succeed in business.
FROM THE BASICS
It's Wednesday so let's talk business
Not that you don't know this but business is what we all do for a living.
Whether it's trading stocks on the stock market or trading socks at Aba market it's a the same principle
The question is what is this principle?
And the answer is selling a solution to a problem. In the case of the stocks the need to invest being the problem and the shares being the solution while with the socks cold feet being the problem and socks the solution.
Okay now that we know what business is and its basic principle the important question is how can I make money💸 with this? And the answer is simple you just have to follow 3 basic steps:
1. Find a problem
2. Find a solution
3. Offer the solution for money
*STILL WITHIN THE BASICS*
1 Find a problem:
When it comes to business problems could range from as high as getting the right medicine to cure a disease to as low as to which t-shirt should I wear to school.
Knowing this we now realise there is an abundance of problems to be solved, the next thing will be to pick a problem to solve. now in doing this the following factors will help:
*How much do I know about this problem
*How possible will it be for me to provide solutions to the problem
* What is the population of people with this problem.
However you answer this questions will determine if should or shouldn't choose that problem
2. Find a solution
Now on this step you have to options either you go create a solution or use an already existing solution.
The Second option is most convenient but the first option will likely make the most money in the long run.
3. Offer the solution for money.
To do this you will need to know how to get this solution to those with the related problem which is simply what you hear people refer to as a target audience. There a various ways to go about this which I will talk about in a latter article.
And that Will be all for today if you have any questions feel free to message me with the what's app link below 👇
https://wa.link/6mxdqh
Finanz Consulting Business made simple with articles that helps one understands how business works and how to succeed in business.
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