Market Research, Analysis, and Segmentation

Marketing and sales are essential aspects of any business; marketing manages the customer experience, while sales focuses on the customer relationship. In today's quickly changing world, marketing and sales have had to adapt to virtual selling, social media communication, digital marketing, and more. Nevertheless, some things have remained the same, including the need for consistent branding, the focus on the customer, and the collaboration between marketing and sales. This text looks at these issues in depth. Written for marketing and sales professionals and students, Seamless offers expert opinion, academic theory, real-world experience, and practical advice with explanatory graphics and "Dos and Don'ts" lists to educate and guide readers through the marketing, sales, and account management process to business success. Chapter 1 begins with a discussion of target markets, their nature, and their business potential. Traditional primary market research still plays an essential role, as does the internet, in obtaining data for actionable market intelligence. Assessing needs of market segments and understanding their strategic fit with a company's business plan can help a company select their target market no matter the size of the organization. The salesman's curse is also discussed-that is, the need for precision prospecting in order to find the potential customers worth spending time on. How to make use of segmentation to capture an organization's market is explored, along with how to focus the marketing and sales process effectively. If companies underestimate early marketing and sales work, they will eventually hit several obstacles, including hours of wasted effort and the need to revise their marketing and sales strategy.

• Marketing
• Marketing strategy
• Market segmentation
• Target markets
• Market research
• Sales and marketing
• Strategy