article thumbnail

How retail left the Baby Boomer generation and its “silver economy” on the table

Inside Retail

Baby Boomers should be the prime target market for brands, yet many ignore the great potential of this consumer with only 5 per cent of advertising expenditure in Australia spent on this demographic,” said Kopanidis.

article thumbnail

How Buy One, Get One Can Improve Your Sales

Wiser

With a target audience, you can decide what items to exhibit in your BOGO promotion efficiently. For example, if you’re trying to promote backpacks, the target audience for your promotion would generally be students, meaning you would try to advertise on platforms that students frequent. Advertise on Multiple Channels.

article thumbnail

What You Need to Know To Run a Successful Online Business

Rain Pros

Opportunity to Collect Valuable Customer Data “Being able to collect customer data enables you to construct a detailed portrait of your target market : who they are, and what makes them tick,” says Small Business Trends. This effectively broadens your potential target market from thousands to millions.