What is a geographic target market?

Geographic segmentation is a common strategy when you serve customers in a particular area, or when your broad target audience has different preferences based on where they are located. It involves grouping potential customers by country, state, region, city or even neighborhood.Click to see full answer. Keeping this in consideration, what is a geographic market?The geographic market is an area in which the conditions of competition applying to the product concerned are the same for all traders. The same factors used in delineating relevant product markets should be used to define the relevant geographic market.Secondly, what is a psychographic target market? Psychographic segmentation is a method used to group prospective, current or previous customers by their shared personality traits, beliefs, values, attitudes, interests, and lifestyles and other factors. Every prospect or client/customer has a different psychographic make up. Just so, what are examples of geographics? An example of geographic segmentation may be the luxury car company choosing to target customers who live in warm climates where vehicles don’t need to be equipped for snowy weather. The marketing platform might focus their marketing efforts around urban, city centers where their target customer is likely to work.What is a target market example? Gender and Age Small businesses often target customers by gender or age. For example, a women’s clothing retailer directs its promotional efforts at women. Similarly, some small companies market to specific age groups. Companies selling life insurance for people close to retirement age may target people 50 and over.