Audience profiling involves considering factors like age, gender, income, interests, and behaviors to categorize audiences for media products. Demographics categorizes audiences based on their occupation and income using letter codes. Psychographics examines personality traits and behaviors to group audiences based on their position in society, such as traditionalists who dislike change, hedonists who seek enjoyment, individualists who want to stand out, and rebels who challenge traditions. Proper audience profiling is important for creating successful media products.