The idea of pinpointing and then refining your target market of employers is an overwhelming concept for most. A bigger universe intuitively seems more likely to result in employer interest. “If I send out my resume to as many employers as I can,” the mentality goes, “surely some of them will be interested in me.” But the opposite is true: The more you funnel the universe of employers into a laser-focused, precise, narrow segment of those who would love to hire you, the more successful you’ll be.
To understand the importance of target marketing in your job search, let’s first define a target market: “A specific group of consumers at which a company aims its products and services,” says Entrepreneur.com.
Adapted for a job-seeker, that would be: “A specific group of employers at which a job-seeker aims his or her talents and services.”
Here’s what a target market is not (even though some marketers of products and services mistakenly define their target markets this way): “Anyone interested in my products or services.”
Here’s how the marketing process works for those marketers who define their target market as “anyone interested in my products or services:”
The marketer creates advertising or promotional material and then disseminates it to those perceived as “anyone interested in my products or services.”
This process may have a familiar ring to job-seekers because it is essentially the way most of them conduct their job searches:
The job-seekers create advertising or promotional material – in the form of a resume and usually a cover letter – and disseminates it to those perceived as “anyone interested in ‘me as a product and the services I offer,’” typically employers who have posted vacancies on job boards or advertised openings in other media.
Smart marketers know that both of these approaches are backward. If you want to sell a product, you don’t create the product first and then go to stores hoping people buy it. You’d first do research. You would find out who would use the product, what customers are looking for in this kind of product, how this product would help them, how you’d get it to market, and what the packaging looks like. Once you understand that, you would perfect the product and go to market.
Just as no universal products appeal to all consumers, no universal job-seeker appeals to all employers. Neither jobs nor employers are one-size-fits-all. Savvy job-seekers survey the universe of employers to determine how to break the market down into a more manageable subset of employers that will be keenly attracted to what the job-seeker has to offer.
The proven strategy of target marketing enables the marketer or job-seeker to reach the customers/employers whose needs are most likely to be filled by the entity being marketed. That’s a big reason to use target marketing in the job search – but just a few of the other reasons include:
- It’s more efficient. Yes, target marketing requires a big investment in front-end research. But that investment pays off when the job-seeker is productively going on interviews instead of sitting on his or her posterior by the computer uploading resumes to employers who might be interested and waiting for hiring managers to call.
- It targets the portion of the job market most likely to hire. A huge number of jobs aren’t advertised. Employers hold back on publicizing vacancies for all kinds of reasons, but if you can get in on the pipeline of an unpublicized opening, you’ll have a huge advantage over the vast hordes responding to job postings.
- Through target marketing, you’ll be a better fit and happier with the employer at which you land than if you took your chances with answering ads. Since you’ve carefully vetted each employer in your target market, you know you’re a good match and you fit the organizational culture. The outplacement firm Lee Hecht Harrison notes that 70 percent of its clients get new jobs through target-market methods, a figure consistent with other studies.
These steps of identifying and narrowing the market are part of a process that also includes approaching employers, developing and proposing solutions to them, handling their objections, closing the sale, and following up.
If you need help with your job search, consider coaching with us.