Tag: target market strategies

  • Inshorts: Exceptional Circulation and Its Rapid News Model

    Data and information are two key concepts in the modern world. Data is raw, unprocessed facts or figures that can be collected from various sources. Information, on the other hand, is data that has been processed and organized into a meaningful form. Both data and information play an important role in decision-making processes across industries as they help organizations make more informed decisions to drive their business forward.

    In today’s society, original news is more important than ever. With the rise of social media and other digital platforms, it can be hard to tell what information is true or not. Fake news has become a major problem in recent years, resulting in confusion and distrust among readers. This makes it even more vital that people are able to access reliable sources of original news and analysis.

    Original news stories provide an unbiased look at current events with accurate facts and reporting. It allows for a greater understanding of the issues being discussed by providing background information on topics and giving both sides of an argument equal coverage. In addition, these stories often feature interviews with experts who can help explain complex concepts in easy-to-understand language. Without original news people and society at large can go directionless.

    This generation can also be more easily distracted by technology, with the average attention span now being 8 seconds. To counter this, it is important to create content that is concise and engaging. This could include using shorter sentences, breaking up long paragraphs into smaller blocks of text, or creating visuals such as infographics or videos to help break up information and keep people engaged.

    Additionally, providing interactive elements such as quizzes or polls can also help maintain attention spans. News in this format can be a game-changing business, and there exists one business that does exactly the same. Inshorts is an Indian news app that does the same. They have been growing with good numbers. Let us see how they are able to do this. This article talks about Inshorts, their rage, and the reason behind the growth.

    About Inshorts
    The Famous Inshorts App
    Technical Facts About Inshorts
    User Psychology
    Reasons Behind Inshorts Success

    About Inshorts

    Inshorts is an Indian news and content discovery platform founded by Azhar Iqubal, Anunay Arunav, and Deepit Purkayastha. Iqubal is all set to be the new judge in Shark Tank India, season 3.

    Inshorts was launched in 2013 with the aim of providing short, crisp, and relevant news to its users. The company, which is based in Noida, serves over 30 million monthly active users and has been backed by investors such as Tiger Global and Sequoia Capital. Inshorts was started in 2013 and was just a Facebook page to provide news in a snakebite format. By the end of their first month, the page had a little over 20K followers. Now their app distills news stories into 60-word summaries.

    It offers a personalized news feed where users can choose topics and sources of news they are interested in. It also offers an AI-powered news feed that provides news stories according to the user’s reading patterns. Inshorts offers news from a range of topics including politics, business, sports, entertainment, and technology. It also provides an in-app video channel, ‘Inshorts TV’, which has news stories from multiple sources.

    Traffic and Engagement in the Last Three Months of 2023
    Traffic and Engagement in the Last Three Months of 2023

    Inshorts is the all-new ultimate news reading experience, delivering users with a quote to spark thought and expand their knowledge. With information on current affairs, politics, business news, and more at their fingertips, Inshorts actively engages with its readers as it summarises long-form stories for convenience. Going beyond mere scanning of articles through catchy video clips and exciting quizzes, this one-of-a-kind platform offers an extraordinary insight into an ever-evolving world – in just 60 words!

    The Famous Inshorts App

    Inshorts has since grown to become India’s largest news platform with over 25 million users. It has been awarded a number of accolades, including being named the best news app by Google Play in 2018. Inshorts has become popular for its unique format which allows users to catch up on the latest news in a matter of minutes. By condensing news stories into 60 words, the app ensures that users can stay informed without having to spend hours reading long articles.

    The app provides users with a range of personalization options, such as selecting their preferred sources and topics, which helps them filter out news stories that do not interest them. In addition to its personalization options, Inshorts also provides a range of features to make it easier to stay informed. These features include a daily digest, which sends users a summary of the top stories of the day, as well as a ‘trending’ section that highlights the most popular stories from the past 24 hours. The app also offers a range of news categories, such as politics, sports, and entertainment, which makes it easier for users to find stories that interest them. Inshorts has become a popular news platform for many users due to its unique format, personalization options, and range of features.

    By providing users with a quick and easy way to stay informed, the app has become a go-to source for news in India. It currently has more than 20 million app downloads. The app wears a crown with a monthly active user base of more than 60 million. Out of them, more than 60% user base is in the age group of 18 to 35.

    Inshorts - Audience Demographics and Age Distribution
    Inshorts – Audience Demographics and Age Distribution

    The Inshorts app is as fun and interactive as it is exciting! Focusing on bite-sized mobile news coverage of current events, Inshorts makes staying informed quick and easily digestible. By serving content in the form of summaries, videos, and infographics, users can quickly swerve from story to story with a few taps of their fingers.

    It can also be used to promote products or services. Examples of news and short-form content include blog posts, tweets, news stories, infographics, and podcast episodes. The advantage of news and short-form content is that it can be more quickly read, watched, or listened to than long-form content. It can also be used to quickly and efficiently convey information or messages to a large audience. Additionally, it can be used to create interest and engagement around a topic or brand. Finally, it can be used to drive traffic to websites and other platforms.

    Technical Facts About Inshorts

    Developing for Inshorts includes working with both Android & iOS integrated languages such as Java & Swift, along with their own back-end APIs for a communication interface between its many components. Plus, implementing real-time analytics provides invaluable metrics to measure user engagement, thus allowing the company to remain prepared and conscious of what’s popular amongst readers of the news.

    The app also has a ‘Share’ feature where users can share stories with their friends and family. In addition to its news offerings, Inshorts also offers features such as ‘Inshorts Picks’ which curates stories from various sources, ‘Top Stories’ which shows trending stories in India, and ‘Today’s Headlines’ which offers a list of the top stories of the day. All these muscles work behind the scenes and make an impact on the lives of many people who stay up-to-date with the latest news through its platform!

    Inshorts App
    Inshorts App 

    The app also has an ‘Explore’ section which allows users to search for and follow topics of their interest. It also has a ‘Bookmark’ feature which allows users to save articles for later reading. Inshorts recently launched a ‘Breaking News’ section which provides breaking news alerts. Inshorts has over 10 million downloads on the Google Play Store and is available in 10 languages. It also has a website where users can access news stories.

    Inshorts was recently in the news for its successful fundraising round. It raised $35 million from Tiger Global Management and other investors, taking its total funding to $100 million. The app has been praised for its simple and intuitive user interface. It has also been lauded for its efforts to make news more accessible to users. Overall, Inshorts is an innovative platform that is changing the way we consume news. It is making news more accessible and is helping users stay informed about the latest developments in India and around the world.


    Inshorts Startup Story – Business Model, Revenue Model, Competitors and more
    Inshorts is an mobile news application that offers news stories summarised in 60 words or less. Lets look at its business model, revenue model and more.


    User Psychology

    User psychology is an important factor in digital products, understanding how their users think and interact with a product. Proper user research helps to create an experience tailored to their needs and ensures customers remain loyal. It broadens the overall user experience by identifying factors, such as perceived functionality, usability, system performance, and aesthetics, which are essential for delivering value. By accounting for these elements designers can create solutions that are not only aesthetically appealing but offer meaningful experiences through meaningful interactions that make sense to use. User psychology should also inform product road maps as it can help in planning out feature development cycles, enabling a better overall user experience.

    A peek into the minds at Inshorts

    Reasons Behind Inshorts Success

    The app has grown tremendously over the past few years and now enjoys a considerable user base across India. In this article, we will discuss some of the key reasons for its success.

    Unique Concept

    One of the primary reasons for Inshorts’ success is its unique concept of providing short news summaries to readers. The idea was revolutionary at a time when most people were used to consuming long articles on their mobile devices or computers. This innovation allowed users to consume news quickly and easily, making it more accessible to a wider audience.

    Effective Distribution Strategy

    Another important factor in Inshorts’ success is its effective distribution strategy. The app is available on both Android and iOS platforms as well as on the web, allowing users to access news summaries anytime, anywhere. In addition, the company has also partnered with several mobile operators to make its content available through their networks.

    Quality Content

    Inshorts also offers high-quality content that is updated regularly by a team of dedicated editors who curate news stories from leading newspapers and magazines. This ensures that readers get only accurate information which helps them stay informed about current affairs without having to read long articles or watch lengthy videos.

    Engaging User Experience

    Inshorts also offers an engaging user experience. The app has a simple and intuitive interface that makes it easy to navigate and find the news summaries one is interested in. Additionally, users can customize their feeds by selecting topics they are interested in or following specific authors whose work they enjoy reading. This helps make the experience more personalized for each individual user.

    Effective Revenue Model

    Last but not least, Inshorts has implemented an effective revenue model that allows it to generate revenue while providing its services free of cost to users. It does this by displaying ads on its platform as well as through partnerships with other brands and companies who use its content for marketing purposes. These are some of the key reasons for Inshorts’ success. The company has managed to capture a large user base by providing a unique and innovative news summarization service that is easily accessible, offers high-quality content, provides an engaging user experience, and has an effective monetization model in place.


    The Unique Yet Effective Marking Strategies of Inshorts
    Inshorts is a mobile news app that summarizes and presents news in less than 60 words. Here’s a look at its marketing strategies.


    Conclusion

    Inshorts is a popular news app that provides users with short summaries or ‘Inshorts’ of daily news stories. The app has become incredibly popular due to its user-friendly interface, easy navigation, and comprehensive coverage of the latest news from all over the world. Additionally, Inshorts also offers personalized recommendations based on user’s interests and preferences, helping them stay up to date with the latest developments in their areas of interest.

    The future of Inshorts looks bright, as the company continues to focus on delivering concise, easily digestible news content to its users. In the coming years, Inshorts is likely to expand its reach and technology to become a leader in the news aggregation and delivery space.

    FAQ

    What kind of app is Inshorts?

    Inshorts is an aggregator app that summarizes news articles in 60 words and covers a wide range of topics, including tech and business.

    Why is Inshorts successful?

    Inshorts generates revenues as a content aggregator by driving users to publishers’ websites and also through advertising commissions.

    Who is the CEO of Inshorts?

    Azhar Iqubal is the co-founder and CEO of Inshorts. He was named ‘Entrepreneur of the Year’ in the media category at the Entrepreneur Awards 2022 organized by Entrepreneur India magazine. Azhar is also all set to be the new judge in the Shark Tank India, season 3.

    Is Inshorts a social media?

    Inshorts is a news aggregation app that lets users summarise news in 60 words. The latest addition to its portfolio – the Public app – is a local social app that provides users with videos about the places they live in.

  • How to do Target Market Selection for Your Business?

    Every aspiring entrepreneur starts with a great idea, which can solve a burning problem. But many founders begin with launching a product without considering target marketing strategies. The target market represents a group of individuals who have similar needs, perceptions, and interests. If a significant number of users are not ready to pay for the problem they want to solve, this leads to a loss of money. Eventually, founders run out of resources and finally end up failing. So, here are some tips on target market selection.

    Target market selection is a part of marketing activities and comprises deep inquiry and analysis up to the corporate level. Target market analysis involves a process to recast and build something innovative to differentiate your business from others.

    An entrepreneur must ask himself, “ Is target market segmentation big enough to meet my sales goals yet not so massive I can’t target it?” Research has shown that 42% of startups fail because they didn’t find the right target market for their startup.

    So, finding your target market is one of the most important decisions that a business should take before actually starting its business.

    I think the mistake a lot of people make is to identify a target audience and then work backwards into creating a product for them. – Ricky Van Veen

    To find the target market you need to break it up into addressable market segments, this can help you to achieve your startup targets. The following ideas have helped entrepreneurs to find a target market for their startups.

    How to Find the Target Market for Your Startup

    What is "Target Market"
    Types of Target Market
    Focus on the "Crucial Customers"
    Find a segment for early momentum
    Take a hard look at the value differentiation
    Identify the demographics
    Identify prospects that care about the key differentiation the most
    How to recognize people with high affinity?

    What is a “Target Market”?

    A target market in general is people or a group of people who have the potential to buy your product or need your product. It is that segment of the market to which a business wants to sell its products. If a business knows what its target market is, it becomes easy for them to market its product.

    With the help of this information, the marketing team can create campaigns that are only focused on that segment of the market. Moreover, it helps the production team to better their product according to their target market’s needs.

    Types of Target Market

    Some of the most common types of the target market that a business focuses on are:

    Major Factors to Consider for Market Type
    • Gender-Based Example: A cosmetic company would want to target females in their campaigns rather than include men and children.
    • Age-Based – Example: A toy company will focus to impress the kids with the products instead of impressing adults.
    • Location-Based Example: A new local Pizza shop will advertise it in its town or city instead of promoting it all over the country.
    • Income-Based Example: A luxury car brand always tries to promote its brand among people with high income whereas an economy car brand will come up with campaigns and offers focused on lower or middle-class people.

    Ingenious examples of Marketing Strategies | startuptalky
    ‌‌Marketing is, no doubt, the backbone of any company in the 21st Century. Andwhen it comes to big brands, they leave no stone unturned for it. They have avast research team to calculate the risks first. Then they have a separatemarketing department which is always on the go or may outsource it…


    So following are target marketing strategies to grow your customer base.

    1. Focus on the “Crucial Customers”

    Put your efforts into focusing on the most crucial customers that have the highest probability of purchasing. Before launching a product you need to analyze your target market, if you are an entrepreneur who wants to build a business that will not only solve a problem but also be profitable then you will go a long way, you have to interact with your target market.

    After choosing a target audience, talk to them, listen to them, and then observe those people to know if they are your potential customers. You are going to solve a problem that they are desperately looking for but you have to observe if they are willing to pay for the solution or not. Only after observing the target market, you should start working on solutions to their problems.

    You, as a new company, cannot build trust in people if you provide them with revolutionary solutions. So, come up with a solution that is not too extraordinary for people. However, at the same time, you should be able to translate it into a profitable business.

    “You just have to pay attention to what people need and what has not been done.”–Russell Simmons, founder of Def Jam

    Before you start your business you have to ask some questions to yourself. These are:

    • “Whether the business can be scaled or not?”
    • “What is the size of your target market?”
    • “How many people can you possibly sell your product or How many people will probably buy your product?”
      And last but not the least
    • “At what price you should sell the product?”.

    2. Find a segment for the early momentum of business

    Focusing on a segment helps in building the early momentum of the business more easily. This involves awareness and word-of-mouth marketing that usually builds faster across like-minded groups, and success stories resonate well across a segment of similar prospects. This also requires complex and wide research on all aspects of the startups.

    target marketing strategies
    Market Segmentation

    Some of the great ways where you can start your research

    • Public Forums/Facebook Groups

    There are many online platforms are available now where people ask questions, share their problems, and share their ideas too. You can find insight into both your target market and also your competitors which can help to find a solution that people are looking for.

    You can join some Facebook Groups where people from your target market are actively involved, observe them for a while, listen to their conversation, understand their pain points, and ask questions. This will help you to understand the problem they are facing and also look for a solution.

    • Networking/ Events

    You can start building your network with the people from your target market and the people who are solving any burning problem for their target customers. This will help you not only to understand how you can find your target market but also you can learn a lot of things that will help you on your startup journey.

    You can also attend some live events, especially for startups, where you can meet with new people and also people from your target market. You can directly ask them questions if they are facing any problem or anything they want to make their life better.

    • Talking to friends & family

    This is not necessary that you have to find your target market from outside, there can be some problems your friends and family are facing which you can give them a solution for. There are many startups that started by solving a problem they faced by themselves.

    This will help you not only build a profitable business but also you can build trust immediately and it may help you to come up with an idea that is unique and can differentiate your business from others.

    3. Take a hard look at the value differentiation

    Always take a hard look at the value differentiation that can bring prospects for you. In other words, try to initiate the feature that makes the business different and makes it stand out. Many aspiring entrepreneurs get it wrong, they think that an idea is already working, and if the business is doing well then it can bring a large number of customers for them also and they simply copy the business idea and try to modify the business model. It will be profitable for a short period but you will not be able to build a business in the long run.

    If you want to be an entrepreneur and build an empire, then you have to use your creativity and come up with a solution that will differentiate your startup from the other companies and can bring you a large number of prospects.

    4. Identify the Demographics

    It’s very important to ask yourself whom should you market to and how you most efficiently reach them. This will include identifying the age, gender, geographic location, occupation, socioeconomic status, and other demographic and psychographic traits of the consumers who would be most interested in purchasing your product or service. The key is to identify a niche target market and go after market share aggressively.

    5. Identify prospects that care about the key differentiation the most

    When looking across the broader market, some prospects will say, “Yeah, the stuff is cool!!”, but others will jump out of their chair and yell “that’s amazing!! I need that right now.” In this case, always target the second group as they will be the easiest to sell to.

    You are building a business not just to solve a problem but to make a profit too. So you have to identify whether the people are ready to pay for the solution or not. Many startups end up wasting their money on marketing and strategies without identifying the target audience first. So if you want to scale your business you have to find the right target customer who will care about your solution.

    Now you may have this question in mind:

    How do I recognize people that have a high affinity for my offering?

    The target group that has a high affinity to the products being offered could be a certain company, in a certain vertical market, in a certain geography or they might be consumers that already own a particular product and also have some hobbies which are somehow related to your business.

    This is where entrepreneurs need to get super specific about targeting these groups. Start asking questions like

    • “What is the smallest business that loves this stuff?”
    • “Do product businesses love it more than services businesses?”
    • “Which location (urban or rural) do they love most?”
    • “Is there a certain type of small business owner that loves it more? Why?”

    The segmentation will depend on the entrepreneur’s ability to be able to identify the characteristics of an ideal, easy-to-close prospect. If you can find the right people that have a high affinity in your niche then definitely you will be able to close the sale.

    These points would certainly help in bringing profit to the company and increasing your customer base. What strategies are you following to define your target market?

    FAQs

    What are the 5 steps in starting a target market business?

    1. Shortlisting Ideas.
    2. Picking the right idea.
    3. Planning and building your Most Valued Product or Service.
    4. Pricing your product or service.
    5. Releasing your product or service.

    Why target selection is an important factor?

    It helps you to determine and focus on a particular audience or type of product and service. It also helps with less spending on customer acquisitions.

    What is the definition of target selection strategy?

    It is a strategy applied by companies and startups to start their businesses with products or services for identified markets.

    What is a target market example?

    For example, a toy company for children, a make-up company for women, and any company that makes winter apparel.

    How is the Purpose of a Target Market important for any business?

    When companies identify a target market, then they can influence product or service design. Market strategy can also be enhanced.