Marketing term definitions

Targeting

🎉 THe fun  definition:

Imagine you’re a sharpshooter at an archery range, but instead of hitting a bullseye, you're aiming at the hearts, minds, and wallets of specific groups of consumers who might actually care about your product. It's like matchmaking in the marketing world—finding your perfect audience, so you don't waste all your arrows (or budget) shooting blindly into the crowd. Because nothing says "I'm a pro" like not bothering Betty the cat lady with ads for dog food.

🤓 THe nerdy  definition:

Targeting in marketing refers to the strategic process of identifying and selecting specific segments of a market to focus promotional efforts and resources. It involves analyzing market data to segment consumers based on various characteristics such as demographics, psychographics, geographic location, and behavioral patterns. By doing so, companies can tailor their marketing messages and offerings to meet the distinct needs and preferences of a particular group, ultimately increasing the efficiency and effectiveness of marketing campaigns. This process enhances customer engagement, maximizes return on investment, and helps build brand loyalty among the selected audience.

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