Difference between niche marketing and micro marketing
Answers
Explanation:
Each niche market essentially defines specific product features such as product design, price range, production quality and the demographics that is intended to impact. In niche marketing, the firm essentially focuses. Niche marketing chooses a small segment provided it's a profitable segment.
Their lies numerous difference between micro marketing and niche marketing but still they are interlinked.
Step by step explanation:
Step by step explanation:• Micro marketing helps in producing the ingredients to be served through marketing and niche marketing is the final product to be served to the customers.
Step by step explanation:• Micro marketing helps in producing the ingredients to be served through marketing and niche marketing is the final product to be served to the customers.• Both niche marketing and micro marketing focuses on the similar aspects i.e. target a unique set or group of people who can benefit from the products offered.
Step by step explanation:• Micro marketing helps in producing the ingredients to be served through marketing and niche marketing is the final product to be served to the customers.• Both niche marketing and micro marketing focuses on the similar aspects i.e. target a unique set or group of people who can benefit from the products offered. • Micro marketing refers to the marketing strategy which target a particular group of people or customers in a niche market.
• It helps the marketers to determine the peculiar needs, dislikes or likes.
• It helps in grouping customers with similar product needs.
• Niche marketing refers to an advertising strategy that focus on a unique or exclusive target marketing.
• In place of focusing on the whole market of people who could take the benefit from the product, it focuses completely on just one group according to their demographic capability, lifestyle, profession, culture, behavior, needs, habits of people, who will benefit completely from this marketing.