Industry jargon not your thing? Our glossary will enlighten you!
The target group is a core concept in marketing and defines the specific group of people for whom a product, service or message is intended. Identifying and analyzing the target group is crucial for the development of effective marketing strategies, advertising campaigns and product developments.
A target group consists of individuals who share common characteristics such as age, gender, interests, occupation or lifestyle that make them particularly receptive to a particular offer. Knowing this group enables companies to target their resources and increase the likelihood of a successful market presence.
Target group analysis helps to understand the needs, wishes and challenges of potential customers. These insights are fundamental for product development, the design of the marketing message and the selection of communication channels. A thorough analysis helps to offer tailor-made solutions that resonate with the target group.
Primary target group: The main group of people who should be addressed directly by an offer.
Secondary target group: A supplementary group that is not the main focus but can still be relevant for success.
Niche target group: A specialized, often smaller group within the market with very specific interests or needs.
Demographic data: Age, gender, income, education level.
Psychographic data: Interests, values, attitudes, lifestyle.
Behavioral data: Purchasing habits, media usage behavior, brand preferences.
Market segmentation: Dividing the market into clearly defined segments can be complex.
Dynamic markets: Changes in society and technology can quickly change the target group and its needs.
Data protection: The collection and analysis of customer data must comply with data protection regulations such as the GDPR.
Identification is done through market research, analyzing customer feedback and observing trends in the industry.