Question

2. What are the advantages of utilizing a targeted marketing strategy?

Answer 1

Answer:

Explanation:

Target marketing is a way of focusing your advert on specific people, location, age group, interest, in order to have a maximum yield.when utilizing target marketing strategy, there are a lot of advantages that are attached to it as discussed below;

1. Precise advertisement ; when you have a target market you are aiming at you will not waste your energy in running numerous advertisements to the target area you only advertise what they need. e.g if a certain area in London demands for ladies bags so often and you make both female bags and male bags, your advert will definitely be on the bags that are demanded more often.
2. It saves cost ; cost of running advert for so many goods and services will be reduced because you already know your target customers you only advertise what they needed with little money and more result.
3. Loyalty; when you channel your strength in an area of target you become more reliable and trustworthy and you start to gain loyalty from your existing customers and referrals from them.
4. Increased customer base your customer base will increase because your customer base has friends and family so they introduce you to them and from there your customer base increases.

Answer 2

Answer:

It capture the targeted audience

Explanation:

Targeted Marketing strategy is a marketing strategy that breaks the market into unit to capture the desired unit of the market. It makes it easier to reach the desired audience in an authentic and productive way. Each unit can be reached with the appropriate branding technique.