Audience profiling involves understanding a target audience's demographics like age, income, spending habits, as well as their psychographics which examines personality, values, attitudes, interests, and lifestyle. Psychographics provides insights beyond basic facts to help brands design suitable products and improved targeted marketing. Both demographics and psychographics are important for market research and strategy, with psychographics seeking to understand culture and how it influences customers. Together they create a detailed customer profile for segmentation and marketing purposes.