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A business must identify and understand its target audience if their marketing campaign is to be
successful. It allows the business to craft their products or services to the wants and needs of
customers, in order to maximise sales and therefore revenue. A successful marketing campaign
connects with consumers on a personal level, which will help the business to develop long-term
relationships with customers
To determine the target audience, the business must first identify what problem their product or
service solves, or what need or want it fulfils
The problem must be one that consumers are aware of and thus will be interested in pursuing a
solution.
The business must determine what kind of people are facing the problem they identified. This is
based on consumer demographic, psychographic, geographic information and behavior
Demographic Information
Demographic information is important to the business because it gives a basic background of the
customers the business is intending to aim its marketing campaign at. This helps them to judge on a
basic level how to communicate effectively with who they have identified as the target audience
Psychographic Information
Things like financials, interests, hobbies and lifestyle will all be filtered by the business to create a
target audience that will in theory be open to the product and will connect with the business through
a marketing campaign aimed at them
Behavioural Information
Consumer behaviour is the purchase decision process, what influences their purchase decision,
what purposes they use the purchased good for, and their responses and attitudes to the product
consumers behaviour is affected by messages sent by the business, which in turn affects their
attitudes towards brands and products, and ultimately what products they choose to purchase
(Cheng et al., 2015). When determining their target audience, a business must examine consumer
behaviour trends.
Geographic Information
Geographic information is essentially where the customer is located, and is vital to the business
when they are determining their target audience. This is because customers located in different
geographic areas are going to encounter different things that influence their purchase decisions
Each country has consumers of the same demographic, but due to the cultural influence of the
geographical area, their purchase decisions are different.
APPLICATION PROCESS:
Once all the required documents have been made ready the complete
application package must be submitted to the Hong Kong Immigration
Department.
If the visa has been approved it must be collected from the local Hong
Kong consulate in-person.
The work visa is generally valid for a period of 1 year and may be
renewed continuously as long as the employee continues to work for the
company.
Want to provide unique value in your content? Start by reaching out to a thought leader in your
industry. By interviewing an expert to uncover their secrets, you prove to potential customers
that you're dedicated to delivering the best advice out there.
Help videos can solve a real problem for potential customers in a format that's both entertaining
and easily digestible.
3) Provide best practices for a challenging tactic.
When you explore a marketing tactic in a blog post or ebook, you want to know what others are
doing to have success with the same method. Compiling those best practices into a list is
incredibly useful to the marketer looking to get started in a particular arena.
There are tasks in every business that are best suited by a worksheet. For example, a software
company might use a worksheet to formulate a marketing strategy. By providing a simple
worksheet for people to fill out -- and trading that worksheet for an opt-in -- you can create a
mutually positive relationship with prospects.
It's easy to brag about the tools your company offers, but when you take the initiative and
explore other helpful tools your audience could be using, it proves that you prioritize their
success over your own self-promotion.
Amid the visible decline in tourist arrivals, the value of retail sales, in nominal terms, dropped
The labour market conditions remain tight. The seasonally adjusted unemployment rate was
3.3% for the three-month period ending January 2017, compared with 3.4% for 2016.
Consumer prices grew 1.3% year-on-year in January 2017, after increasing by 2.4% for 2016.
Hong Kongs merchandise exports dropped 1.2% year-on-year in January 2017, after a
The world's most services-oriented economy, with services sectors accounting for more than
90% of GDP
Asias third largest source of FDI, after Japan and Chinese mainland
1. Latest Developments
In 2016, Hong Kongs economic growth moderated to 1.9% in real terms, from 2.4% for 2015.
The growth of private consumption expenditure slowed visibly to 1.6% for 2016, from 4.8%
for 2015. But the decline in investment expenditure narrowed to 0.5% for 2016, from 3.2%
for 2015. As to the external sector, exports of goods reverted to growth of 1.7% for 2016,
from dropping 1.7% for 2015; while exports of services dropped 3.1% for 2016, after a
marginal growth of 0.3% for 2015. For 2017, the external environment is expected to improve
whereas domestic demand will continue to be supported by the largely stable income and
employment conditions. In the latest round of review in February 2017, the government
develop the economy and improve people's livelihood. On economic development, Mr Leung said the
National 13th Five-Year Plan and the Belt and Road Initiative would provide new opportunities for Hong
Kong in areas such as financial and professional services, as well as innovation and technology. The
government invited the Hong Kong Trade Development Council to strengthen overseas promotion of
Hong Kong's financial services industry, and will expand its network of offices on the Chinese mainland
and overseas to promote Hong Kong's strengths and advantages, with preliminary work under way to
set up five new Economic and Trade Offices in India, Mexico, Russia, South Africa and the United Arab
Emirates.
3. Investment Flows
Hong Kong is a highly attractive market for foreign direct investment (FDI). According to the UNCTAD
World Investment Report 2016, global FDI inflows to Hong Kong amounted to US$175 billion in 2015,
behind only the US (US$380 billion). In terms of outflows, Hong Kong ranked third with US$55 billion
in Asia, after Japan (US$129 billion) and the Chinese mainland (US$128 billion).
Latest Trade Performance
The world's 7th largest exporter of merchandise trade
The fourth largest stock market in Asia, the eighth largest in the world
The second largest foreign exchange market in Asia, the fourth in the world
MARKETING STRATEGY
3. Since the cultural precinct is a favourite hangout of young people and families, it
becomes the perfect venue for some promotional events and parties.