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- To identify your target market, you need to123:
- Define your offer and what makes it desirable13
- Identify your existing customers and their traits123
- Check out your competitors and their targets12
- Analyze your offerings and their unique features2
- Segment your larger market into smaller groups based on common characteristics12
- Conduct interviews and research to validate your assumptions1
- Re-assess your target market periodically and adjust your strategy accordingly2
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.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. ...
www.indeed.com/career-advice/career-developme…How to identify your target market
- 1. Identify your existing customers Before you consider your target market, reflect on your current customer base. ...
www.indeed.com/career-advice/career-developme…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… - People also ask
Market segmentation is the process of dividing a market into smaller groups of people, or segments, to identify areas for possible market growth. Through segmentation, marketers can identify the key characteristics that define their target market and direct marketing efforts to their unique needs, … See more
When you identify a target market, you can improve your overall marketing outcomes. In this section, you will learn why it matters and find examples of … See more
To help you hit a bullseye on your next business undertaking, you might consider obtaining a professional certificate in Social Media Marketing offered by Meta. The University of Illinois, meanwhile, offers a specialization in Digital Marketing that provides insight into … See more
A range of strategies allows you to market your product or service to your target market. Typically, these strategies are broken down from the broadest target market to the most narrow and specific. The exact method you use will largely depend on the target … See more
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