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Do not attempt to serve every segment in a large market. Instead, focus on a segment.

There is a natural tendency to attempt to serve the broadest market possible for a new product or service offering.  Unfortunately, market requirements can vary significantly.  Attempting to operate in the middle to appeal to all customers usually results in appealing to none.  Obviously, some percentage of a smaller market is always better than zero percent of a large market.

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Filename: 5.040301_The-Middle-is-Nowhere.pdf
File Type: pdf
File Size: 143 KB
Categories: 5.04_Marketing, V5_The Top Line
Tags: Market Share, S3_Working
Article_No: 5.040301
Document_Views: 184