Target Market: Definition, Examples & Purpose
A target market is a specific group of consumers that a company aims to reach and sell its products or services to.
Why is understanding your target market important?
Understanding your target market allows you to tailor your products, services, and marketing efforts to meet their specific needs and preferences, increasing customer satisfaction and sales.
An easy way to understand target market is:
Picture a group of people who are most likely to buy your product. For example, if you're selling skateboards, your target market might be teenagers and young adults interested in skateboarding and extreme sports.