Quick Answer: What Are The 3 Target Market Strategies?

Three main activities of target marketing are segmenting, targeting and positioning.

These three steps make up what is commonly referred to as the S-T-P marketing process.

What are the target market strategies?

A target market is a defined group most likely to buy a company’s product or service. There are different types of target market strategies as well. They are focusing on an entire market with one marketing mix, concentrating on one segment, and targeting many segments with multiple marketing mixes.

What do you mean by targeting strategies?

Definition: Targeting Strategy

Targeting strategy is a strategy for selection of potential customers the company/ organization can sell its products/services to. Most firms do not select all the segments in a market to operate and choose one or few of the identified segments through targeting.

What are the types of target audience?

The following are common types of target audience.

  • Everyone. Communications, media and entertainment with a large budget may target as broad an audience as possible.
  • Demographics.
  • Locations.
  • Subculture.
  • Super Cultures.
  • Needs.
  • Attitudes & Opinion.
  • Personality.