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working relationship. Rank these companies in order, descending from the best fit. Your ideal customers are those that are at, or near, the top of all three lists. While reviewing your existing customers, consider the following questions: ò What industries are they in? ò Are they small, medium or large businesses? ò Where are they located geographically? ò What is their Standard Industrial Classification (SIC) code? ò What are the titles or job functions of their decision-makers? This information will help you focus your efforts to find similar companies and decision-makers to target with your b2b marketing efforts. Determine what is unique about these leads so that you can find more like them. In addition to looking at your current customer base, review your companyÆs internal expertise and credentials to determine likely prospects for your solutions. If your company is a start-up and has no existing customers, you can leverage your own past experience and that of your people. Think about the kinds of companies you and your team have had success with in previous jobs. You also can educate yourself on a vertical market (i.e., a particular industry, such as residential or commercial construction, banking, distribution or the retail clothing business), weaving the industryÆs concerns and buzzwords into your marketing-for-leads materials. This will suggest that you do understand the market and its needs. However, be prepared to answer the question, ôWho else in my industry have you served?ö It is bound to come up. If you donÆt believe you can successfully sell into vertical markets, consider horizontal markets. These are markets that cross industry lines. For example, if your ultimate goal is to sell to the residential or commercial construction industry, you might want to first target small- to medium-sized businesses in need of material handling equipment. Another way to look at the marketplace is geographically. Then you would focus on targeting companies within a particular area, whether it is a city, state, region or country. Although theoretically every company, in every business, may benefit from your solution, you canÆt afford to try to be everything to everyone. You must pick the companies with which you are likely to have the best success and the individuals within those companies who are in the best position to recommend or buy your products or services. The next step in targeting your marketplace is to determine to which media the target audience is
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