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Jensen market penetration

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Calculating Penetration Rate The penetration rate is easy to calculate if you know your target market size.

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References 2.

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A publisher of magazines in French needs to know the geographic areas where French speakers live.

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Therefore, multiply the number of customers in your target market for a consumer product by 2 percent.

Defining Target Market Numbers

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Defining your market requires looking at demographic data and identifying your ideal prospects.

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It is on this basis that a company attracts customers and increases its market share.

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Step 5 Divide your customer base by the size of your target market.

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You do this through market development.

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This information can be gathered from U.

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Calculating Penetration Rate The penetration rate is easy to calculate if you know your target market size.

To continue to grow, you need to expand the prospective market size.

You can exercise a lot of flexibility in determining the scope and size of your market.

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