My Take On The Above Target Market Selection Process who among your target market buys the most. Target Market Selection Process # 3: Segment Your Target MarketĪfter you’ve identified who your potential customers are, the next step involves segmenting it to find out crucial information that may help you use as little effort as possible while making the most amount of money that is possible e.g.
if you have an online business, then anyone with a computer, an internet connection and a bank account/PayPal account is a potential customer. The next step involves “ignoring” the people who don’t have access to your business so as to be left with only those who have access to your business e.g. Target Market Selection Process # 2: Identify Your Potential Customers This stage is relatively easy as it only involves doing some research to identify those people who have access to your business and those who don’t. Target Market Selection Process # 1: Ease Of Access To Your Business Target Market Selection Process/Your Target Selection Venturing into business for the first time can be a challenging task but the good news is that the target market selection process we’ll be looking at shortly will come in handy to help you get it right from the start and avoid getting into the pitfall that consumes many first time and even veteran entrepreneurs which is Targeting The Wrong Market.
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