A focus strategy tailored to a specific market segment can help an independent financial planner create a competitive advantage and increase profits.
A focus strategy is often more beneficial for an independent financial planner compared to targeting all segments. By focusing on a single market segment and tailoring services to suit the needs of that specific segment, the planner can create a competitive advantage and increase profits. This strategy allows the planner to maximize profit in distinct markets by differentiating services according to each market's demands.
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