There are three main types of services, based on their sector: business services, social services and personal services….Social Services

• fire service.
• police.
• education.
• social work.
• food subsidies.
• foster care.
• animal welfare.

Product management as we know it is dead. We need to move beyond it as a role and instead embrace it as culture, and as the future of work.

Example of Futures Contracts An oil producer needs to sell their oil. They may use futures contracts to do it. This way they can lock in a price they will sell at, and then deliver the oil to the buyer when the futures contract expires. There are futures contracts on stock exchange indexes, commodities, and currencies.

11 Products You Need for the Future

• Noki. Let’s say you are on vacation, but your kitties need food and you your kitty-sitter lost the house key.
• Ring. Speaking of doors, this product is available now and I have some friends who use it.
• Sunny Side Up – Cat Fried Egg Mold.
• Bruvelo.
• Turntable Station.
• Schwinn CycleNav Smart Bike Navigation.
• Tagg.

A target market refers to a group of customers to whom a company wants to sell its products and services, and to whom it directs its marketing efforts. Consumers who make up a target market share similar characteristics including geography, buying power, demographics, and incomes.

Potential markets take one of three forms: New products you market to your current customers. New products you market to new customers. Current products you market to new customers.

Identify the geographic region where your market is located. Identify specific boundaries within which you will do business. Demographic. Potential customers are identified by criteria such as age, race, religion, gender, income level, family size, occupation, education level and marital status.

10 Steps To Target And Connect With Potential Customers…

1. Survey Customers.
2. Research Your Competitors And Find Out Who Their Customers Are.
3. Target Ads.
4. Smart Social Media.
5. Respond To Every Email, Tweet, Facebook Comment, And Phone Call; Adjust Yourself As Necessary.
6. Affiliate Marketing.
7. Establish Trust In Your Community: Publish User Reviews, Get Likes, Syndicate Articles.

To find out who your competitors are, ask your customers where they came from or if they’ve used other businesses in the past. Market research enables you to learn about what it is that makes your business appealing, which you can then harness to stand out from your competition.

Economists have identified four types of competition—perfect competition, monopolistic competition, oligopoly, and monopoly.

There are three primary types of competition: direct, indirect, and replacement competitors.

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