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Business Foundationsintermediate

Market Penetration

Definition

A growth strategy focused on increasing market share for an existing product within an existing market, typically through pricing, promotion, or distribution improvements.

Why it matters

Market penetration is often the lowest-risk growth strategy because you are selling what you already know works to people you already understand. It compounds existing momentum rather than starting fresh.

Example

A founder with an established online programme runs a targeted ad campaign to reach the 80% of her ideal audience who have not yet heard of her, growing her share of an already-proven market.

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