Do you know the difference between race and ethnicity? A lot of people are unaware that there is a difference between the two. Race is the division of different groups of people based on physical characteristics, such as skin color, eyes, etc. Ethnicity is a social group of people that share a common and distinctive culture, religion, language, etc. For this reason, African American is no longer an accepted term for people of color. Actually, 1 in 10 Black Americans are foreign born from many countries around the world and therefore, black is a more inclusive, widely accepted term now.
Finding Your Brand Target Market
Let’s first talk about the difference between target audience and target market. A target market is a set of consumers that a company plans to sell or reach with marketing activities where a target audience is the group or segment within that target market that is being served ads (Marketing Evolution). In this article we will focus on the target market and how your brand can identify yours. Target market is important for businesses in order to be more efficient on targeting specific groups instead of mass marketing to those who may have no interest. It also builds interest in the brand, loyalty and create a higher potential growth of sales. Here are some tips to start finding your brand’s target market.
