What are the demographics of your target market?
Demographic: These are the main characteristics that define your target market. Everyone can be identified as belonging to a specific age group, income level, gender, occupation, and education level. Demographic, psychographic, geographic, and behavioral are the four pillars of market segmentation, but consider using these four extra types to enhance your marketing efforts.They include gender, age, income level, race, education level, religion, marital status, and geographic location. Consumers with the same demographics tend to value the same products and services so narrowing down the segments is one of the most important factors in determining target markets.Definition: Demographic segmentation groups customers and potential customers together by focusing on certain traits such as age, gender, income, occupation & family status.There are 7 main types of market segmentation you should leverage: demographic, geographic, psychographic, behavioral, firmographic, journey stage, and transactional. Proper segmentation lets you expand into new markets by understanding underserved audiences.
What are the 4 target markets?
Consumers can be divided into four major segments: demographic, geographic, psychographic and behavioral. What are key customer markets? There are four key customer markets: consumer markets, business markets, global markets, and nonprofit and governmental markets.