The consumer market is made up of many different age groups and niche interests that divide them into different "target markets".. what is your companies target market?
What is your company’s target market?
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Follow the money. I mentored a small business last year. They had customers but were struggling a lot. When I looked at their client list, I found ONE customer was responsible for 80% of their income. We changed the target market from B2C to B2B.
We refined the B2B segment a bit, and they grew their business by 150% in 7 days.
If you have a few products, see which ones make the most money and focus on that segment until you have good money coming in.
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@Willem, that sounds like a great case study - thanks for sharing. We have both B2B and B2C customers. Our B2C customers are generally high-income earners with discretionary spending available. The B2B customers bring a lot of profit per transaction but closing a deal takes very long and the revenues from that stream can be far between.
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