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Business strategy
Reasons to identify your targeted audience B4 bus. establishment.
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[QUOTE="CALVINDOL, post: 292835, member: 43757"] So many factors is demanded for consideration when establishing a business, however Identifying your targeted audience can be one of the major factor considerations Identifying your targeted audience before establishing your business is important for a number of reasons: It helps you understand your potential customers: By identifying your targeted audience, you can learn more about their needs, preferences, and behaviors. This can help you tailor your products or services to better meet their needs and increase the likelihood of success. It helps you focus your marketing efforts: Knowing who your targeted audience is will allow you to more effectively market your products or services to them. You can use this information to create targeted marketing campaigns and advertising messages that are more likely to resonate with your potential customers. It helps you make better business decisions: Understanding your targeted audience can also help you make informed decisions about things like pricing, location, and distribution channels. It can help you secure funding: Investors and lenders will often want to know who your targeted audience is when evaluating your business. Knowing this information can help you better explain the potential of your business to them and increase your chances of securing funding. It can help you build a loyal customer base: By targeting a specific audience, you can build a loyal customer base that is more likely to continue using your products or services in the future. This can help you generate long-term, recurring revenue for your business. [/QUOTE]
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