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Be honest: when’s the last time you conducted marketresearch? So much of modern marketing is about taking action and chasing immediate results. And taking the time to do research might not seem like much of a priority. Why is marketresearch so important, anyway? First, let’s define what marketresearch is.
Therefore, aligning marketing messages with genuine value propositions is crucial to avoid disappointing customers. Around 60% of millennials reportedly make impulsive purchases influenced by FOMO. Marketers can leverage this insight by crafting campaigns that tap into millennials fear of missing out.
Conduct MarketResearch Don’t stop with your internal data. Conduct marketresearch to gain a deeper understanding of your targetmarket and potential customers. Are they millennials, Gen Xers, baby boomers, or a mix? Gender: Is your target customer predominantly male, female, or gender-neutral?
And don’t forget the millennials – young adults who are entitled and lazy, live on their phones, and were raised by helicopter parents. presidential election, and NASCAR dads, which became a target audience in the 2004 elections, are closer to personas, though too thinly described. And millennials? Don’t go for average.
The ones you choose should depend on who your targetmarket is and where they tend to hang out. Give your digital footprint a boost by promoting your content on Facebook, Twitter, LinkedIn, and any other social platform used by your targetmarket. Be active and consistent across the platforms you choose to operate on.
Define Your Target Audience It’s essential to zero in on those with a genuine interest or need for what you offer to reach your target audience. Here’s how: Do MarketResearchMarketresearch helps you understand your target customers on a deeper level. Helping to engage its targetmarket.
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