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- The format of target market can be defined by different characteristics depending on the type of business1.Types of target markets include2:
- Demographic: defined by demographic variables such as age, gender, income, education, and family size.
- Geographic: defined by geographic variables such as region, state, city and population density.
- Psychographic: defined by personality, values, interests, and lifestyles.
- Behavioral: defined by consumer behavior such as purchase history, usage rate, and brand loyalty.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.While B2C businesses may focus most on audience-specific characteristics to define their target markets, B2B businesses typically consider industries, niches, and verticals as the primary characteristics to describe their target market.coschedule.com/marketing-strategy/target-marketWhat are the types of target markets?
- Demographic This type of target market is defined by a number of demographic variables such as age, gender, income, education, and family size. ...
www.wix.com/blog/how-to-define-your-target-market - People also ask
6 Key Target Market Examples (+How to Find & Reach Yours)
Here’s a target market example for businesses in the home services and home improvement industries such as plumbers, HVAC professionals, roofers, landscapers, home cleaning services, and more. Key demographics 1. Age range: 35-65 2. 50% women, 50% men 3. 86% are homeowners 4. … See more
So you might be wondering if target markets and target audiencescan be used interchangeably. But they are actually different. A target … See more
To identify your target market, you might ask yourself who your products or services are for. This could be a very general group. For example, daycare centers are providing services for parents or caregivers of young children. Vets are providing services for … See more
The next step in finding your target market is to look at your competition and see who they’re targeting with their products and services. List your top three competitors and look at their … See more
Once you have some preliminary ideas about who your target market is, it’s time to back up those assumptions and hypotheses with data. If you have access to customer data through a CRM, you can segment your customers by information like age, zip code, or … See more
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