Week Four Target Market
We are a flooring company specializing in concrete surface
preparation and wood flooring installations. Angie’s List (an online review
based membership service) provides the bulk of leads. This is great, but ultimately,
we need to drive our own traffic.
My
specific target market are home owners who have recently listed their property
for sale and are not receiving strong
enough offers. We plan to provide “sellers” a basic interior upgrade (paint,
flooring, staging etc.) to help increase the sellers opportunities and meet the
buyers expected needs when purchasing the home. We would also inadvertently
provide a quicker turnaround time for realtors for their commissions (who could
eventually refer us to their other listings as well).
1.
The simplest client I can think of resides in
track housing. Most of the time it is
easy to identify the values in a track and determine its asking price based
upon recent comparable sales. There are usually two reasons why these homes go
unsold.
a.
They are financially under water and need to sell
high or
b.
The home has been a rental and it has been cosmetically
abused.
2.
Most of
our clients range between 45-65 years old, married, two children (usually in
college), makes over combined 100K per year, educated with a graduate, PHD or
MD, mostly Caucasian, Indian or Asian, and researches us and our services well in
advance through social media sources (Angie’s List, Yelp, Thumbtack, Google
etc.).
3.
Our potential customer can be found online by
days listed. What I hope to compile is enough data to design a matrix for
determining what is the best time to approach homeowners with a direct mail piece
introducing who we are , what we do, and what is in it for them should we do
business together. A simple face to face meeting could provide all the details
and I could determine if the relationship makes sense to pursue it.