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  3. How to identify your target market

    • 1. Define your offer The first step to identifying your target market is defining your offer, or what it is that makes your products or services desirable. ...
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    How to identify your target market

    • 1. Identify your existing customers Before you consider your target market, reflect on your current customer base. ...
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    By identifying which traits are prevalent among those who want to purchase your product or service, you can then focus on promoting to that group, which would be your target market.
    extension.psu.edu/marketing-research-basics-ident…
     
  4. People also ask
    What is a target market?Target markets are generally fairly broad in scope. They can then be segmented to narrow your approach, usually by demographics such as age, gender, income, etc. Understanding your target market is the first step in understanding your target audience.
    What is the difference between primary and secondary target markets?Sometimes the terms of primary and secondary target markets are confused and misunderstood, and a secondary target market is inadvertently referred to as a “second” target market, however this is not correct. Both primary and secondary target markets are important to us as marketers, so it is important that we understand the difference.
    How do you divide a target market into segments?Dividing a target market into segments means grouping the population according to the key characteristics that drive their spending decisions. Some of these are gender, age, income level, race, education level, religion, marital status, and geographic location.
     
  5. What Is a Target Market? And How to Define Yours | Coursera

     
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    WEBAug 8, 2022 · Perform research. Track and evaluate your results. As the name implies, target market analysis is the basis for identifying your target market. Here are the five steps you can take to do one of your own. 1. …

  15. Target Market: Definition, Purpose, Examples, Market …

    WEBApr 22, 2024 · A target market is a group of people that have been identified as the most likely potential customers for a product because of their shared characteristics, such as age, income,...

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