Finding Clues to Hidden Markets
Every business operates with a set of assumptions about who the target customer is, what they want, and how they will use the products they buy. Yet in many cases there are groups of customers that don’t fit this profile.
– The Startup Daily
Customers Who Don’t Fit the Target Demographic Can Point the Way to Hidden Markets
A real need must be present for customers to go out of their way to find a product that is marketed to someone else. The thing your company is good at can be often applied to more than one problem and sold to more than one customer profile.
Market needs are always shifting, with some needs shrinking and others growing. Today’s accidental customers may become the target demographic in the future.