If our target market is the high-income group

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This helps us understand what they do well and what they lack. For example, if a competitor offers massive discounts, we may need to think of other ways to compete such as through added value or better service. Compare our business performance with competitors. Look at it from the sales, market share, and customer satisfaction aspects. This will give us an idea of ​​where we stand in the industry and the steps we need to take to improve. c. Market Analysis Understand the buying power of our target customers. This depends on their income and purchasing power.


we can set a more premium price. If you are from a low-income group, perhaps a more singapore phone number resource competitive price is needed. Customer buying pattern study. For example, are they more likely to buy products during certain seasons, or do they prefer to buy online rather than in physical stores? This can help us in planning promotions and stock. Look at the market situation. Is the market growing, stable, or declining? Factors such as economic conditions, industry trends, and technological developments may influence market conditions. For example, if the market continues to grow, we may be able to target more aggressive growth.


Understand the market demand for our products or services. Conduct a survey or market research to find out what customers need and what they want. If there is high demand for a product, we can focus more on that product and increase our offering. When we have done thorough research and analysis, we can make smarter decisions and more accurate strategies. This will help us achieve sales targets faster and grow our business more strongly. #3. Team Capabilities in the Company When we have set the planning and sales target, we need to make a plan and develop the team in terms of skills, resources, and organizational structure.