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Know your customer
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Don't spend a penny on advertising until you have ensure your product is defiined and that you know your target audience. You need to have a good idea of
- who is your target customer
- how much they want to spend for a given product or servce
- why they would buy from you
- why they would buy from a competitor
- what your competition is doing
- why they are doing it
- what you are going to offer in order to stand out
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There are a some simple processes which can be employed to give you instant answers to all these questions and enable you to
- target tightly so you are "preaching to the converted"
- have a defined price position in your market
- understand what your customers are looking for - and why
- create a real difference from your competitors
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