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Words-of-Wisdom-Target-and-Benefits.md
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# Target and Benefits # Target and Benefits
Line-by-line Instructions ## Line-by-line Instructions
What market segment is this product in?
### What market segment is this product in?
Simply name the market segment that this product falls into. If you cannot name the market segment, then you probably do not know enough about the overall market yet. If your product bridges two market segments, list them both. If your product is so novel that it does not fit any existing market segment, name a new market segment using a combination of terms that describe current segments, or choose the market segment that your potential customers will think that your product falls into (until the learn more about it). Simply name the market segment that this product falls into. If you cannot name the market segment, then you probably do not know enough about the overall market yet. If your product bridges two market segments, list them both. If your product is so novel that it does not fit any existing market segment, name a new market segment using a combination of terms that describe current segments, or choose the market segment that your potential customers will think that your product falls into (until the learn more about it).
What is the target market for this product?
### What is the target market for this product?
Define the population of potential customers. Define the population of potential customers.
What is the size of the total available market?
### What is the size of the total available market?
Estimate the size of the population of potential customers in terms of number of customers or total dollars. Estimate the entire market, including customers currently served by competitors, but do not count customers who could never buy your product. Estimate the size of the population of potential customers in terms of number of customers or total dollars. Estimate the entire market, including customers currently served by competitors, but do not count customers who could never buy your product.
What are some other customer options or leading products that address the same needs?
### What are some other customer options or leading products that address the same needs?
List your competition and other alternatives that potential customers have. List your competition and other alternatives that potential customers have.
Benefits
### Benefits
Consider the sample text describing types of benefits to customers. Add, edit, or delete benefits to fit your product. Consider the sample text describing types of benefits to customers. Add, edit, or delete benefits to fit your product.
Potential Downside
### Potential Downside
Consider the sample text describing potential downsidest to customers of this product. Add, edit, or delete downsides to fit your product. Consider the sample text describing potential downsidest to customers of this product. Add, edit, or delete downsides to fit your product.