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Key Takeaways
- A target market is a group of customers with shared demographics who have been identified as the most likely buyers of a company's product or service.
- Identifying the target market is important in the development and implementation of a successful marketing plan for any new product.
- The target market also can inform a product's specifications, packaging, and distribution.
www.investopedia.com/terms/t/target-market.asp- People also ask
Learn what a target market is and how to define yours based on data, social media, and competitor research. Discover how to segment your target market and create a more effective marketing strategy. See more
A target market is the specific group of people you want to reach with your marketing message. They are the people who are most likely to buy your products or services, and they are united by some common characteristics, like demographics and … See more
Target market segmentation isthe process of dividing your target market into smaller, more specific groups.It allows you to create a more … See more
- Nike target market
- Despite its current market domination, Nike actually provides a great example …
- Takasa target market
- Takasais a Canadian retail homewares company that speciali… See more
- Step 1. Compile data on your current customers
- A great first step in figuring out who most wants to buy from you is to identify who i…
- Step 2. Incorporate social data
- Social media analytic… See more
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