What is market focused marketing?

Market focused marketing is a form of marketing that is completely driven by the market.The strategy of market focused marketing managers is to carefully segment their organization to reflect the position of the market.Stability of performance is achievable as all members and leaders of the group know exactly what leads to follow and when action needs to be taken.Organizations that are able to consistently align themselves and their marketing strategies with the market again and again show profitability above their competitors in their industry.

Characteristics of the market focused organization that yields desired results of increased revenue include the following:

- Successful market focused marketing managers know that the target market is the focus of every decision.When goals are not aligned with the demands of the market, the supply of a new product will not be well received.

- A good market focused marketing team communicates well what and were the target market is and has a clear idea of what they want and need their customers to think of the team's products and services.

- Productive leaders in the market focused marketing sector understand and act on the importance of defining and delivering better value to their current customers, attracting new customers with new product or service offerings of value, and performing activities required to provide or communicate value to their customers more effectively and efficiently.

From this we see that market focused marketing is very similar to customer focused marketing in that a company first must decide on the desirability of a product before going further with the building of their products and services.Customers are the driving force behind sales.Obviously if you do not have a product that people are not willing to buy, then there is no way to maintain that business.It makes a lot of sense then to monitor the actions of the customers as they pertain to certain markets and to act according to the demands of those paying customers.

The first obstacle that a market focused marketing manager must overcome is how to recruit new customers and the second challenge is to develop better relationships with existing customers.Motives behind finding new customers are simple.More customers equal more products sold which translates into more money for the company.Developing relationships with existing customers could gain a loyalty that the customer would repay by recommending your product or services to other.But perhaps more importantly, relationships with customers help marketers to hear first hand what individuals in their sector of the market are looking for.They can use these frequent customers as a type of inside track into finding information quickly enough tot develop a new product or edit an existing product so that it fills a need in the market.

Market focused marketing relies heavily on the expertise from those trained in the disciplines of the social science.Specifically those with psychology, sociology, anthropology and economics backgrounds are able to be as creative as they need to be able to anticipate the next actions of individuals of note (a.k.a. customers).Creativity in coming up with unique marketing plans is also a necessity.Both formal and informal information is needed by marketers in order to most effectively reach their customers.Gaining a competitive advantage is the name of the game and marketers are looking for the best way to do that.Whether you choose to focus your marketing based on your customers, your product or the movements of the market itself, you need to be exceptionally organized and methodical in order to get an edge over your competition.