Matt Lloyd Guidelines: How to Define a Strong Customer Avatar

A customer avatar is an imaginary person that describes the ideal demographic for your business. This avatar is a composite of many characteristics that describe your target market—the customers your business desires the most. The characteristics will vary depending on what your company is selling, but will comprise of someone who will buy from you over and over again.

Businesses create customer avatars instead of just using preferred demographic statistics because these avatars can ultimately help you make better decisions. Imagining an individual that has his or her own backstory that buys from your company can give executives a more complete picture.

Define but Don’t Limit

Where does a company begin in determining their own avatars? Think of video game avatars. When those are created, you have to do much more than just name them. They are constructed with specifics, in a number of categories. When specifying your customer avatar, it will be no different. Establish categories that must be filled out, such as, their name, a photo, age, interests, family information, psychological traits, etc. There are websites that provide avatar builders like Mad Men Yourself and Face Your Manga.

Defining your customer avatar is crucial so your business can focus its marketing and new offerings appropriately. Companies can then tailor a message that will resonate with customers most likely to buy from them. Just be certain not to limit your target audience too much. After years in this business, I’ve discovered that casting a wide net is more productive. Then, within that big net, people from your avatar’s main demographic will buy from you. There will also be others that don’t fall into your targeted demographic that will also buy from you. This wouldn’t happen if your marketing didn’t encompass this broader strategy. The last thing you want is to limit anyone from buying from you, even though they might not fall into your originally identified avatar.

Marketing

Once you have defined your customer avatar, it’s now time to market. Keeping in mind that you want to broaden your marketing efforts to a scope further beyond your ideal demographic, it’s time to place some ads.

Where to begin? This is where your avatar can be used as a key advantage. It can force you to brainstorm actual marketing channels that you would use to advertise and other methods to reach those customers. It helps answer key questions like the types of ads that would be effective or the vocabulary and tone that should be used. Just remember to broaden the scope beyond the rules of your avatar to cast a wide net.

Capture Leads

The leads that resonate the most with you, will buy from you. You’ll get these leads with your funnel and lead capture page. These potential customers will subscribe to your list. They’ll start getting your emails, your videos and all of your marketing efforts. Introduce yourself within that messaging, explaining what you’re doing and why.

Final Thought

One last thing that is very important when communicating to your avatar’s key demographic: be authentic. Adding personal details, when appropriate, can help show your authenticity. This will help your business stand out in a crowded market.

Creating your company’s own customer avatar is beneficial. It provides focus for marketing and new products. It helps answer key questions, is a great point of reference, and adds a little imagination when trying to define your ideal customer.

-Matt Lloyd 

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How to Manage Your Time: Lessons from the Cat

As the founder of MOBE, I find myself juggling an awful lot of tasks and projects from day to day. I am full of ideas and always motivated to grow the company. I also love getting out there and meeting people that have joined the business. The problem is, there are only so many hours in the day to accomplish all these things—and I didn’t decide to start my own business so that I would have to work 24 hours a day. You probably didn’t either.

 

Be like the Cat

So I’ve come up with a model for the ideal time management of a person that has their own small business: Be like the cat. Okay, I know that might surprise you. After all, a cat doesn’t seem very productive at first glance, but bear with me.

Look at your average housecat. It spends half the day and half the night doing something it’s famous for: relaxing. Let’s say on average your cat spends 16 hours just chilling out or sleeping. It spends the rest of its time eating, washing, hunting, playing, and checking out its territory.

If we take into consideration that sleeping and relaxing are the cat’s favorite activities, then this is a very effective use of time! In total, that’s about eight hours of wakefulness and productivity during every 24-hour period. That’s about the same amount of time you probably spent working as an employee.

Essentially, the cat spends the same amount of time working as most of us do, but arguably a lot more time enjoying itself than the rest of us.

Time management is all about deciding what you really want to be doing with your time and then getting your necessary tasks done so that you can spend more hours doing the things you enjoy. After all, that’s part of the reason all of us become entrepreneurs—to get the maximum benefit out of our working hours. Ideally, we needn’t work any more hours in a day than our cats!

The Business Owner’s Time Trap

In an article discussing how to work smarter, not longer when running your own business, Robert Craven of The Directors’ Centre says, “Whether unintentionally or not, many of us don’t work as efficiently as possible some or even most of the time.” He’s specifically addressing business owners, since we have a tendency to overwork ourselves and forget about things like food, breaks, and sometimes even other human beings.

I’m a numbers guy, and a lot of you probably are too. So how does better time management affect your bottom line? According to the Happy Planet Index, feeling non-stressed and happy during work results in 31 percent high productivity levels, and 37 percent more sales. The lesson I take from this is that we all need to work smarter and more effectively, not necessarily longer.

Final Thought

Try to dedicate a specific amount of time to your business each and every day, and keep a clear list of goals to work on so you don’t waste time. When you limit your working hours, you’ll discover that you stop fiddling with unprofitable activities and focus on the money-making activities instead. That’s the best way to work! If you need help with administrative tasks, look into hiring an assistant or part-time worker to help you maximize those working hours.

When work is finished, remember to relax and focus your attention on the things that make you relaxed and happy. Conversely, use your time at work effectively.

So is your cat awake? Don’t let him think he’s the most efficient creature in the house. Go be productive!

Matt Lloyd

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Matt Lloyd’s Financial Tips for Affiliate Marketing Newbies

Finance is a very important issue for every business. This is true especially to small businesses because money is usually tight. You have to find a way to cut cost in one area to be able to cover the next. You also have to carefully plan how you use the money to make sure everything is covered while the business keeps growing

Like the rest of small businesses, as an affiliate marketer, you need to manage your money creatively to be able to reinvest in your business. You have to plan how much to invest in web hosting, traffic, marketing, etc.

Using Credit Cards

Matt Lloyd’s number one financial tip for affiliate marketers is to put all your business expenses on a credit card. He advises finding one really good credit card and making it your business credit card.

Matt Lloyd says he started using a credit card for business after he learn about the lucrative rewards programs a credit card can offer as you spend more. You are going to be making a lot of expenses for your business, especially as it grows. This expenses all add up, and can get you wonderful rewards that will benefit your business. A good credit card will give you points each time you spend, and the rewards you redeem from your points could be something as significant as free international flights.

Matt Lloyd also talks about the advantages that credit cards offer for bookkeeping.Keeping all your expenses in one credit card will help you track your expenses easily. You get periodic, itemized statements that eliminates having to keep every single receipt. This will also come in handy during tax time, you can just extract that information and pass it to your accountant, which saves you time and money.

Conclusion

Having all your business expenses in one place, separate from your personal expenses is the best financial decision you can make. Choosing a credit card gives you a lot of perks that will be beneficial to your business, and it also provides easy paper trail, so getting a business credit card is a necessity for every growing entrepreneur.

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