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Marketing of Consulting Services - The Institute of Chartered ...

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• Identify your Target Market<br />

Market Analysis<br />

A.J SILICON<br />

Distinguishing Characteristics <strong>of</strong> the Market<br />

Size <strong>of</strong> the primary target market<br />

Determine market size percentage<br />

Define your pricing and gross margin strategies<br />

Media you will use to reach target audience<br />

Trends and Potential changes which may impact target<br />

market<br />

Purchasing cycle <strong>of</strong> your potential customers<br />

• Market segmentation – Five Basic Questions<br />

Who buys your product or service?<br />

What do they buy?<br />

Why do they buy?<br />

Where do they buy?<br />

When do they buy?

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