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Business strategy
Reasons to understand the targeted market for your business.
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[QUOTE="Holicent, post: 288232, member: 76163"] If you are a business owner, you know that marketing is key to success. You might not be sure how to do it, but you know that it’s important. Marketing is the process of promoting your products and services in a way that will increase the demand for them. When done right, it can make your business explode in growth and profitability. A successful marketing campaign will help you sell more than just one product or service, but also inspire customers to tell their friends about your business and encourage them to shop with you again. This is critical because word-of-mouth referrals are the best form of advertising there is. 1. You will be able to target your business to a specific market. 2. You will be able to understand the needs of your customers. 3. You will be able to cater to their needs by providing them with what they want and need. 4. Your target market will be aware that you are selling products or services in their area and they can visit your website to buy from you if they wish to do so. [/QUOTE]
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Reasons to understand the targeted market for your business.
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