How to Write a Business Plan for Small Business: 8 Steps
Below, we review eight steps to help you create a simple business plan as you begin your small business.
target audience
Core to a business plan is how you intend to attract new clients. Client recommendations and job referral services are excellent resources when starting out, but as your business expands, so will your marketing needs. Consider your <anchor>target audience</anchor> and determine whether or not efforts such as a website, social media marketing, or traditional direct marketing might be the best supplements to an initial word-of-mouth reputation.
How to Identify Your Target Clients as a Consultant - MBO Partners
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# How to Identify Your Target Clients as a Consultant



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Key points

- When you manage your own firm, one of your primary tasks is to find new clients.

- Finding your target market can help build your business and returning to target clients can lead to future work.

- Here are four ways to make sure the right clients can benefit from your services.

Getting consulting clients is a big part of your job when you run your own business. Identifying a target audience is a great strategy to help achieve this goal. Many independent consultants can benefit from revisiting their target clients.

Whether you’re just starting out or looking to refocus the target market for your business, defining the clients you want to reach can help increase your return on investment by directing marketing and messaging efforts to the right audience. Here are four ways to ensure your services reach the right people.

## 1. Define Your Skills and Services

Before trying to identify your target audience, first think about the services you offer. What makes them unique, what problem do they solve, and are they fulfilling a market need? Review your unique skills, write them down, and then list the corresponding benefits that someone could receive from each one of your skills.

This self-analysis will help provide a foundational outline for the types of people likely to benefit from your services. Companies that engage independent talent are looking for skills, experience, and value. Joining a marketplace is another strategy that will allow you to highlight these skills so potential clients can find you.

## 2. Consider Who Benefits Most from Your Skills

Your work is about more than just the services you offer; it’s about how you can address a need or solve a problem that potential clients have. Successful independent consultants are able to recognize the people who both need and value their services.

Using your skills/benefit list, think about the people who will gain value from what you have to offer, have the most to lose from not utilizing your services, and would be willing to pay what you’re charging—this is your target market. For example, if you’re an IT consultant, research growing companies looking to increase IT infrastructure, or start-ups trying to establish their business to find people who fit your target audience.

## 3. Evaluate Current Clients

Take a look at your current and past clients. List each client’s demographics, including age, industry, profession, gender, and geographic region. You can also include psychographics such as client values, interests, lifestyle, and behavior. Compare these lists and take careful note of similarities or patterns that emerge. You may find that your services appeal to a specific demographic or subset of consumers.

This analysis can help to further define your target market. Be sure to identify your top clients and take note of why they are using your services and what initially drove them to you. This is a key insight that you can use in future marketing efforts.

## 4. Don’t Forget About Your Competition

Studying your competition’s clients can provide two important points of information. First, a successful competitor’s client base can give you an idea of the type of client who uses similar services. Second, you may discover an industry need that competitors are not currently fulfilling.

If you’re new to independent consulting and are working to get your first clients, investigating your competition is a good place to start. Dig deeper by looking at competitor’s social media, advertising, and website traffic to get an idea of their business strategy. With a bit of research, you may find an area you have a competitive advantage in or come across a market gap that is not being served.

Once you’ve gone through these steps, think back on the audience you’ve defined. Does your target clientele make sense? Are there enough people to fulfill a need for your services, and can they afford what you are thinking of charging?

As you continue to build out your target audience, research online to see what others in your industry are doing, look at blogs and forums where your audience may be sharing their opinions, and consider reaching out to current clients for feedback. Remember, while accurately and thoroughly defining your target audience takes time, it is well worth the effort to create a strong foundation to build your business on.

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