level: Target Market
Questions and Answers List
level questions: Target Market
| Question | Answer |
|---|---|
| How to find the right target market | Know the product you want to sell and do market research as to the best area to sell them.( E.g do online surveys) |
| how to get the best positioning in the market | Determine your points of difference |
| how to create the best product plan | To analyze competitors products and services to see what is working and what's not. |
| how to create the best pricing plan | Review the pricing strategies of your competitors, set prices based on value not cost and analyze price elasticity |
| how to create the best distribution plan | Review the distribution strategies of your competitors and determine what is working and what's not. |
| how to create the best promotional plan | Review the promotional strategies of your competitors that will best convey to your message to your target market. |
| how to create the best marketing budget | Determine how much you can invest in marketing and then spend based on that budget |