Perfect identification of Target market derives more customers

Subject: Customer Relationship Management

Paper Model: APA

Paper Type: Research Paper

Total Words: 326

Document Outline

Week: 3
Insight

Elaboration of insight
Application of this insight


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Journal entry number: 1     

Week: 3

Insight:

Perfect identification of Target market derives more customers.

Elaboration of insight:

In developing the marketing strategy, the STP is the important part to derive the value for the organization. Segmentation and then creates target market and then positioning to target the minds of the customer. Target market is defined what is your potential customers in which company want to serve. The perfect recognition of the market and customers helps the company to evaluate the needs, wants of that customer that derives the true customer, and increase the existing customers.   It is very complex for the new businesses to identify true target market. The potential customers deriving through the target market and enhance the current marketing strategy for the organization. Customer driven approach that is oriented through target market that helps in target the minds of the customer by satisfies their needs and wants.

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