Your business market, like everything else, will change with time. As your business matures and your market share steadily increases, you will begin to encounter the growth limits of your original target market. Planning and implementing a growth strategy to develop new markets and expand your business before your current market flattens will not only help your business survive through tough times, but it will also give you considerable edge on the competition. At CCG Catalyst we will look at:
- Target Market
- Customer Profile
- Demographics
- Market Analysis / Research Data
A systematic approach is the best way to find a new market.
- Define Your New Target Market(s)
- Do Your Market Research
- Decide to Enter This Market or Look for Another
- Enter the Target Market