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  2. Steps in identifying a target market include12:
    • Define your offer, or what makes your products or services desirable.
    • Analyze your current customer base, or who is already buying from you.
    • Segment your market, or divide it into smaller groups based on shared characteristics.
    • Research your potential customers, or who might be interested in your offer.
    • Check out your competition, or who are they targeting and what are their customers like.
    • Decide on specific demographics to target, or who are the most likely to buy from you.
    Learn more:
    Here are six key steps for identifying 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. This information helps you more easily determine which types of people might desire your products.
    www.indeed.com/career-advice/career-developme…
    One of the easiest steps, check out your competition! Who are they targeting? What are their current customers like? You may find a niche or service that they are overlooking. Step Four: Decide on Specific Demographics to Target
    www.business2community.com/marketing/6-steps …
     
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  9. WEBNov 2, 2021 · Step 1: Identify Existing Ideal Customers and List Their Characteristics. One way to identify potential customers is the two-block method. Choose your favorite existing customers and then search for …

  10. WEBMar 5, 2024 · The purpose of identifying a target market is simple: to have a clear understanding of the possible customers that might purchase a product or service in order to direct marketing efforts. Knowing their …

  11. What is a target market and how to define yours

    WEBDec 7, 2023 · One of the first steps in starting a business is determining your target market. This step alone can be the basis for what products you create, how you brand your business and ultimately who you market to. …

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