New Market Development
Our New Market Development Strategy involves selling your existing products into new markets.
This growth strategy identifies and develops new market segments for current products, a market development strategy targets non-buying customers in currently targeted segments. It also targets new customers in new segments.
Market Development is a 2-step process to tap the untapped market. It begins with market research wherein we carry out a segmentation analysis and shortlists market segments which are worth pursuing. It is an attempt to use the existing product or service to attract new customers. The goal is to expand the reach or tap into a different segment or unexplored market.