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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
What Is a Target Market (And How to Find Yours) - Hootsuite
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 … See more
Target market segmentation isthe process of dividing your target market into smaller, more specific groups.It allows you to create a more relevant marketing message for each … 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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WEBApr 22, 2024 · 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....
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WEBJan 6, 2023 · A target market is who your products or services are meant for, as we outlined, while a target audience is who you’re trying to reach with your marketing or …
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