Choosing your target markets can be very powerful. Ideally they should not be the same as your competition's (both pharmacy and nonpharmacy) as this allows you to differentiate your offer. The first thing to do is segment your market. In other words, decide how you want to define your different customer types. This requires some market analysis.
Traditionally, this is done by looking at demographics such as age, sex, income levels, etc, and requires you to review your local population and healthcare needs to determine whether you have a dominant patient group or unmet need. Look at local population data (fingertips.phe.org/profile) and your Joint Strategic Needs Assessment (content. digital.nhs.uk/jsna) or local Quality Outcomes Framework (qof.digital.nhs.uk) performance data for information to inform your market analysis. You can also undertake analysis of the types of patients who most use your services using the patient medication record system and your patient survey data.
It's also helpful to engage your team, who will live in the local community, and ask them their views. One of the problems of relying solely on who walks into your pharmacy is that you may be missing a patient group who have not been attracted to your premises. For example, you may have a sizeable younger population, but you may not cater to their needs well enough.
Aside from the findings from your quantitative analysis, it is important to ask yourself the following questions to help identify your target groups.
Once you have decided on the patient group or groups that you will focus on, you must develop your target patient strategies. What should you offer to be attractive to that customer group? You will need to find out what is important to each of the audiences you're targeting and then consider how you meet these needs. For example, if you want to attract the parents of young children, consider all the services, in-pharmacy health promotional activities and products that are likely to relate well to this group.
Young people will be looking for a healthcare environment that is welcoming, but where they feel confidentiality is always maintained €“ a place where they can get ready access to information and services. Older women are probably more concerned with issues around the menopause and age-related conditions such as breast cancer than other people, and men in their late 50s may be looking for information on erectile dysfunction and health checks.
If you are working with elderly patients, then consider becoming a dementia-friendly pharmacy (see alzheimers.org.uk). Think about the different needs of your older patients, focusing on those with multiple medicines, and stocking living aids.
Don't forget to engage and train your team in the appropriate needs and solutions for your target group. They will be crucial to the successful delivery of your offer.