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What is a Target Market and How to Pick One (Examples and Template Included)

Small Biz Trends

When marketing a business, the key to success lies in the ability to target the right group or groups of people accurately. Knowing your target market is essential for any company that wants to create an effective, compelling marketing message that resonates and results in sales. What is Target Marketing?

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Inside Ikkari’s first physical store – and its plans for more

Inside Retail

The plan from the beginning was to make something that would synergise with the Aje Collective’s other businesses, and which complemented the health-focused lifestyle Norris saw in Aje’s target market. New opportunities While Ikkari is still young, it already has big plans. We’re very focused on telling that story.”

Planning 246
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What is a Niche Market?

Small Biz Trends

A niche market can be defined as a subgroup of a larger market that has its own unique identity, needs, and, preferences making it stand out from the overall market. Niche marketing entails channeling marketing efforts towards first identifying a particular type of clientele and their particular needs.

Marketing 139
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5 Tips to Creating a Killer Marketing Plan

Retail Bound

The most basic function of a marketing plan is to meet whatever objectives it sets out to achieve and ultimately convert customers, if it does this then it can be considered to be successful. So, just like a pie has a recipe, a good marketing plan needs a framework. Get intimate with the market. Easy as pie.

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Fine jewellery in your 50s: Meet the matriarch proving age is just a number

Inside Retail

At the time, Jan Logan, the founder of the eponymous jewellery brand, was in her 50s and had already lived a full life in rural NSW with her husband and three sons. My first exhibition was at the Moree Women’s Club which was very successful. During this time the business expanded into Melbourne and other markets.

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Goobne Chicken, the hot new Korean chain, plans six stores in 12 months

Inside Retail

The first company-owned outlet opened its doors at Darling Harbour last year, and the second store is set for a September opening next to East Village in Sydney’s inner city suburb, Zetland. This is the model that has worked in the domestic market – now the brand has spread across Hong Kong, Indonesia, Japan, Macao and Malaysia.

Planning 130
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Beware of Shopper Marketing Shortcuts – They aren’t real!

Mike Anthony

Apparently that means that we can take a one-size-fits-all approach to how we market to shoppers. But before you dust off your beach clothes and plan to take the rest of the year off, maybe you should read the rest of this post first. Marketing isn’t simple. Shopper marketing isn’t simple. Shopper marketing isn’t simple.

Marketing 130