Marketing

What is a target market?

A target market is a specific segment or type of consumers marketing efforts are aimed at in a campaign. The target market are those likely to buy from you or buy your product, you don’t just randomly say “Rich, no children seniors”. You need to research, know the market and know your product.

In general you do profiling and work through demographics and geographic, like males aged 18-28 who work as tradies drive utes, don’t have children and watch football. this narrows it down quite some bit but you must go into much more detail. Having a target market makes knowing your selling channel and marketing methods a lot easier and its all one big machine working together and feeding of one another.

A wrong target market can mean inefficient marketing and poor sales. Market research can help you find your markets or segments but good market research can also be costly, mostly due to it being hard to get people participating in surveys and studies.

Share

Recent Posts

Kennington reservoir drained drone images

A drained and empty Kennington reservoir images from a drone in early July 2024. The…

1 year ago

Merrimu Reservoir drone images

Merrimu Reservoir from drone. Click images to view larger.

1 year ago

FTP getting array of file details such as size using PHP

Using FTP and PHP to get an array of file details such as size and…

2 years ago

Creating Laravel form requests

Creating and using Laravel form requests to create cleaner code, separation and reusability for your…

2 years ago

Improving the default Laravel login and register views

Improving the default Laravel login and register views in such a simple manner but making…

2 years ago

Laravel validation for checking if value exists in the database

Laravel validation for checking if a field value exists in the database. The validation rule…

2 years ago