Making sure your customers’ needs are met begins with truly knowing who they are. With a thorough understanding of the core group that buys from you, providing an optimal experience becomes much easier—not to mention tailoring product offerings for defined target markets and meeting their individualized expectations.
A “target market” is a specific group of consumers within a larger demographic who are identified as likely customers for a particular product or service. It is the group of individuals for whom a company designs, implements, and directs a marketing plan. The target market is determined based on factors such as age, gender, income, interests, behaviors, geographic location, and other characteristics that define their needs and preferences. Understanding the target market helps a company tailor its marketing efforts and offerings to reach and attract its desired audience effectively.
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