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  2. To identify your target market, you can12:
    1. Define your offer, or what it is that makes your products or services desirable.
    2. Track data-driven analytics.
    3. Define your ideal audience.
    4. Profile your ideal client.
    5. Conduct interviews.
    6. Research your competition’s targets.
    7. Identify your existing customers.
    8. Check out your competitors.
    9. Analyze your offerings.
    10. Segment your larger market.
    11. Re-assess your target market.
    Knowing and understanding your target market is crucial, as it helps you to know who and where your customers are, how you can communicate with them, and choose effective marketing channels3.
    Learn more:

    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…
    Knowing and understanding your target market is crucial. The benefits of knowing your target market include: knowing who and where your customers are knowing how you can communicate with them and helping you to choose effective marketing channels
    extension.psu.edu/marketing-research-basics-ident…
     
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    WebJan 6, 2023 · A target market is a group of people who are most likely to buy from your business and who your products or services are meant for. “Defining and understanding your target market is a critical foundational …

  9. WebDec 7, 2023 · The three key aspects of a target market include: Demographics: Age, gender, income, education or employment status. Geographics: Primary location of your market. Personality traits: What …

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    WebMay 8, 2023 · Finding your target market helps you narrow down your ideal customer and develop the marketing strategies that will most appeal to them. Essentially, a target market helps you develop a strategy. …

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