Most Markets are Heterogeneous
How can a company find their target market, positioning, and the formation of successful
marketing strategy? Give a specific and detailed example.
In “How to Define Your Target Market: A Guide to Audience Research”, Newberry
defines target market as ‘the specific group of people you want to reach with your marketing
message. They are the people who are most likely to buy your products or services, and they are
united by some common characteristics, like demographics and behaviors.”
Defining the target market serves as the foundation in building a successful marketing
strategy. It is the one of the most important, if not the most important, task of any marketer. It
doesn’t matter if you find the coolest name for your product or you find the most effective
marketing channel to promote it. All efforts will be in vain if you don’t have a clearly defined
