SlideShare a Scribd company logo
1 of 14
Download to read offline
Market Segmentation
Unit – 1
M.Des Footwear Design & Production
Niveditha AS- Faculty FDDI Chennai
Demographic Segmentation
Gender
Segmenting the market
based on gender helps
businesses tailor their
marketing messages and
products to specific
genders. It enables
them to create targeted
advertising campaigns
and develop products
that resonate with their
target audience.
Age
Demographic
segmentation based on
age helps businesses
understand the
preferences and needs
of different age
groups. It allows them
to create targeted
marketing campaigns
and develop products
that cater to specific
age demographics.
Income
Demographic
segmentation based on
income allows
businesses to target
consumers with
different income levels.
It helps them develop
pricing strategies and
product offerings that
are suitable for
different income
brackets.
Education
Segmenting the market
based on education level
helps businesses
understand the
preferences and needs of
consumers with different
educational backgrounds.
It enables them to
develop marketing
strategies and products
that align with the
knowledge and interests
of their target audience.
Niveditha AS- Faculty FDDI Chennai
Occupation
Demographic
segmentation based on
occupation helps
businesses target specific
professional groups. It
allows them to tailor
their marketing messages
and products to the
specific needs and
interests of different
occupations.
Marital Status
Segmenting the market
based on marital status
helps businesses
understand the
preferences and needs of
different marital status
groups. It enables them
to create targeted
marketing campaigns
and develop products
that cater to specific
marital status
demographics.
Family Size
Demographic
segmentation based on
family size helps
businesses target
consumers with different
family compositions. It
allows them to develop
marketing strategies and
products that are suitable
for different family sizes
and lifestyles.
Demographic Segmentation
Niveditha AS- Faculty FDDI Chennai
Geographic Segmentation
Region
Dividing the
market based on
regions allows
businesses to target
specific areas with
customized
marketing
strategies and
products.
Country
Market
segmentation by
country helps
businesses
understand and
adapt to the unique
needs and
preferences of
different countries.
City Size
Segmenting the
market based on
city size enables
businesses to tailor
their offerings to
the specific needs
and preferences of
urban, suburban,
and rural areas.
Niveditha AS- Faculty FDDI Chennai
Geographic Segmentation
Climate
Geographic
segmentation by
climate allows
businesses to develop
products and
marketing campaigns
that are suitable for
different weather
conditions.
Population Density
Segmenting the
market based on
population density
helps businesses
understand the
unique challenges
and opportunities of
different areas.
Cultural
Preferences
Market segmentation
by cultural
preferences enables
businesses to tailor
their offerings to the
specific tastes, values,
and traditions of
different cultural
groups.
Niveditha AS- Faculty FDDI Chennai
Psychographic Segmentation
Understanding Consumer
Motivations
Psychographic segmentation
categorizes consumers based on
psychological traits, lifestyle, values,
interests, attitudes, and behavior.
This helps businesses gain insights
into consumers' motivations and
understand what drives their
purchasing decisions.
Tailoring Marketing Efforts
By understanding the psychographic
profiles of their target audience,
businesses can tailor their marketing
efforts accordingly.
They can create personalized
messages and experiences that
resonate with consumers' values,
interests, and attitudes.
Niveditha AS- Faculty FDDI Chennai
Behavioral Segmentation
• Behavioral segmentation is a powerful tool that businesses can use to
categorize consumers based on their behavior towards the product, brand, or
buying decision.
• By understanding consumer preferences and targeting specific behaviors,
businesses can tailor their marketing strategies and offerings to effectively
reach and engage their target audience.
Niveditha AS- Faculty FDDI Chennai
Types of Behavioral Segmentation
Segment Description
Usage Rate Categorizes consumers based on the frequency and
volume of product usage.
Occasion Groups consumers based on the occasions or situations in
which they use or purchase a product.
Benefits Sought Segments consumers based on the specific benefits they
seek from a product or service.
Brand Loyalty Categorizes consumers based on their level of loyalty and
commitment to a particular brand.
User Status Groups consumers based on their level of experience or
familiarity with a product or service.
Readiness Stage Segments consumers based on their readiness or
willingness to make a purchase.
Niveditha AS- Faculty FDDI Chennai
Technographic Segmentation
• What is Technographic Segmentation?
• Technographic segmentation categorizes consumers based on their
technology adoption, preferences, and behaviors. This helps businesses
understand how consumers engage with technology and tailor their
marketing efforts accordingly.
Niveditha AS- Faculty FDDI Chennai
B2B Segmentation
Industry Type
Segmenting B2B
customers based on
the industry they
operate in allows
businesses to tailor
their products and
services to specific
industry needs.
Company Size
Segmenting B2B
customers by
company size helps
businesses
understand the
different
requirements and
challenges faced by
small, medium, and
large enterprises.
Purchasing
Behavior
Analyzing the
purchasing
behavior of B2B
customers helps
businesses identify
patterns and
preferences,
enabling them to
develop targeted
marketing
strategies.
Decision-Making
Processes
Understanding the
decision-making
processes of B2B
customers helps
businesses
streamline their
sales and marketing
efforts and provide
the necessary
information at each
stage..
Geographic
Location
Segmenting B2B
customers by
geographic location
allows businesses to
adapt their
marketing and
distribution
strategies to
specific regions or
countries.
Niveditha AS- Faculty FDDI Chennai
Cultural Segmentation
Language
Understanding the
language preferences of
different consumer
groups allows
businesses to effectively
communicate their
marketing messages and
provide customer
support in the preferred
language.
Religion
Recognizing the
religious beliefs and
practices of different
consumer groups helps
businesses develop
products and services
that align with their
values and avoid
cultural insensitivity.
Customs
Adapting to the
customs and traditions
of different consumer
groups enables
businesses to create
culturally relevant
experiences and build
strong connections with
their target audiences.
Traditions
Incorporating
traditional elements into
marketing campaigns
and product offerings
allows businesses to
resonate with
consumers on a deeper
level and foster brand
loyalty.
Niveditha AS- Faculty FDDI Chennai
Generational Segmentation
• Generational segmentation is a valuable tool for businesses to understand the
diverse needs and preferences of different generational cohorts. By dividing
the market based on generational cohorts such as Baby Boomers, Generation
X, Millennials, and Generation Z, businesses can tailor their marketing
strategies and offerings to effectively target each generation.
Niveditha AS- Faculty FDDI Chennai
Key Generational Cohorts
Generation Birth Years Characteristics
Baby Boomers 1946-1964 Experienced significant social
changes, value loyalty, prefer
traditional marketing methods
Generation X 1965-1980 Independent and self-reliant,
embrace technology, seek work-life
balance
Millennials 1981-1996 Digital natives, value experiences,
socially conscious
Generation Z 1997-2012 Tech-savvy, diverse, prioritize
authenticity and personalization
Generation Alpha Born after 2013 socializing from birth to be digitally
active, drawn to authenticity,
interactivity, and gamification.
Niveditha AS- Faculty FDDI Chennai
Benefits of Market Segmentation
Tailored Marketing Efforts
Market segmentation allows
businesses to customize their
marketing efforts to target specific
consumer segments. By
understanding the unique needs,
preferences, and behaviors of each
segment, businesses can create
targeted marketing campaigns that
resonate with their target audience,
leading to higher engagement and
conversion rates.
Customized Product Offerings
Market segmentation enables
businesses to develop and offer
products that are specifically
designed to meet the needs and
preferences of different consumer
segments. By tailoring their
products to address the specific pain
points and desires of each segment,
businesses can increase customer
satisfaction and loyalty, leading to
higher sales and profitability.
Customized Pricing Strategies
Market segmentation allows
businesses to develop pricing
strategies that are tailored to each
consumer segment. By
understanding the price sensitivity
and willingness to pay of different
segments, businesses can optimize
their pricing to maximize revenue
and profit.
Targeted Distribution Channels
Market segmentation helps
businesses identify the most
effective distribution channels to
reach each consumer segment. By
understanding the preferred
shopping behaviors and channel
preferences of different segments,
businesses can optimize their
distribution strategies to ensure that
their products are easily accessible
to their target customers.
Niveditha AS- Faculty FDDI Chennai

More Related Content

Similar to Market segmentation: Segments of a market refer to distinct groups of consumers

MBM 6109 Revision Qns and Answers.docx Guiding quaestions and answers
MBM 6109 Revision Qns and Answers.docx Guiding quaestions and answersMBM 6109 Revision Qns and Answers.docx Guiding quaestions and answers
MBM 6109 Revision Qns and Answers.docx Guiding quaestions and answersahimbisibwelamed
 
MBM 6109 Revision Qns and Answers.docx final
MBM 6109 Revision Qns and Answers.docx finalMBM 6109 Revision Qns and Answers.docx final
MBM 6109 Revision Qns and Answers.docx finalahimbisibwelamed
 
Nonprofit Marketing Fundamentals Webinar
Nonprofit Marketing Fundamentals Webinar Nonprofit Marketing Fundamentals Webinar
Nonprofit Marketing Fundamentals Webinar Deborah Spector
 
CBSE Marketing segmentation project
CBSE Marketing segmentation projectCBSE Marketing segmentation project
CBSE Marketing segmentation projectBenifaFernandes
 
Marketing overseas pharmaceuticals
Marketing overseas   pharmaceuticalsMarketing overseas   pharmaceuticals
Marketing overseas pharmaceuticalsjayaram pg
 
Principles-of-Marketing-Chapter-1.pptssx
Principles-of-Marketing-Chapter-1.pptssxPrinciples-of-Marketing-Chapter-1.pptssx
Principles-of-Marketing-Chapter-1.pptssxcjoypingaron
 
Segmentation targeting and positioning
Segmentation targeting and positioningSegmentation targeting and positioning
Segmentation targeting and positioningJorge Baraybar Cardini
 
Marketing 1.04 part_2_fall_2012
Marketing 1.04 part_2_fall_2012Marketing 1.04 part_2_fall_2012
Marketing 1.04 part_2_fall_2012grantdeaton
 
Chapter 11: Marketing
Chapter 11: MarketingChapter 11: Marketing
Chapter 11: Marketingdmeyeravc
 
Topic 1 internal environment blue
Topic 1 internal environment blueTopic 1 internal environment blue
Topic 1 internal environment blueSusan Cornish
 
Topic 1 internal environment
Topic 1 internal environmentTopic 1 internal environment
Topic 1 internal environmentSusan Cornish
 
Tourism Marketing and Future-Tourism Marketing (Tourism & Hospitality Managem...
Tourism Marketing and Future-Tourism Marketing (Tourism & Hospitality Managem...Tourism Marketing and Future-Tourism Marketing (Tourism & Hospitality Managem...
Tourism Marketing and Future-Tourism Marketing (Tourism & Hospitality Managem...Md Shaifullar Rabbi
 
Segmentation, Targeting & Positioning Strategies.pptx
Segmentation, Targeting & Positioning Strategies.pptxSegmentation, Targeting & Positioning Strategies.pptx
Segmentation, Targeting & Positioning Strategies.pptxPawanBC1
 
image classifier.pptx
image classifier.pptximage classifier.pptx
image classifier.pptxSatyamVerma61
 
Principle of management
Principle of managementPrinciple of management
Principle of managementRamji D Poddar
 
Quick Guide to Finding Your Niche in Digital Marketing
Quick Guide to Finding Your Niche in Digital MarketingQuick Guide to Finding Your Niche in Digital Marketing
Quick Guide to Finding Your Niche in Digital Marketingbrandigrasty1
 
Consumer Behavior -Market segmentation
Consumer Behavior -Market segmentation Consumer Behavior -Market segmentation
Consumer Behavior -Market segmentation viveksangwan007
 
Market segmentation ppt file
Market segmentation  ppt fileMarket segmentation  ppt file
Market segmentation ppt fileBilalMunir25
 

Similar to Market segmentation: Segments of a market refer to distinct groups of consumers (20)

MBM 6109 Revision Qns and Answers.docx Guiding quaestions and answers
MBM 6109 Revision Qns and Answers.docx Guiding quaestions and answersMBM 6109 Revision Qns and Answers.docx Guiding quaestions and answers
MBM 6109 Revision Qns and Answers.docx Guiding quaestions and answers
 
MBM 6109 Revision Qns and Answers.docx final
MBM 6109 Revision Qns and Answers.docx finalMBM 6109 Revision Qns and Answers.docx final
MBM 6109 Revision Qns and Answers.docx final
 
Nonprofit Marketing Fundamentals Webinar
Nonprofit Marketing Fundamentals Webinar Nonprofit Marketing Fundamentals Webinar
Nonprofit Marketing Fundamentals Webinar
 
CBSE Marketing segmentation project
CBSE Marketing segmentation projectCBSE Marketing segmentation project
CBSE Marketing segmentation project
 
Marketing overseas pharmaceuticals
Marketing overseas   pharmaceuticalsMarketing overseas   pharmaceuticals
Marketing overseas pharmaceuticals
 
Principles-of-Marketing-Chapter-1.pptssx
Principles-of-Marketing-Chapter-1.pptssxPrinciples-of-Marketing-Chapter-1.pptssx
Principles-of-Marketing-Chapter-1.pptssx
 
Segmentation targeting and positioning
Segmentation targeting and positioningSegmentation targeting and positioning
Segmentation targeting and positioning
 
Marketing 1.04 part_2_fall_2012
Marketing 1.04 part_2_fall_2012Marketing 1.04 part_2_fall_2012
Marketing 1.04 part_2_fall_2012
 
Day 1 buyer personas content marketing
Day 1  buyer personas content marketingDay 1  buyer personas content marketing
Day 1 buyer personas content marketing
 
Chapter 11: Marketing
Chapter 11: MarketingChapter 11: Marketing
Chapter 11: Marketing
 
Topic 1 internal environment blue
Topic 1 internal environment blueTopic 1 internal environment blue
Topic 1 internal environment blue
 
Topic 1 internal environment
Topic 1 internal environmentTopic 1 internal environment
Topic 1 internal environment
 
Tourism Marketing and Future-Tourism Marketing (Tourism & Hospitality Managem...
Tourism Marketing and Future-Tourism Marketing (Tourism & Hospitality Managem...Tourism Marketing and Future-Tourism Marketing (Tourism & Hospitality Managem...
Tourism Marketing and Future-Tourism Marketing (Tourism & Hospitality Managem...
 
Segmentation, Targeting & Positioning Strategies.pptx
Segmentation, Targeting & Positioning Strategies.pptxSegmentation, Targeting & Positioning Strategies.pptx
Segmentation, Targeting & Positioning Strategies.pptx
 
image classifier.pptx
image classifier.pptximage classifier.pptx
image classifier.pptx
 
Principle of management
Principle of managementPrinciple of management
Principle of management
 
Quick Guide to Finding Your Niche in Digital Marketing
Quick Guide to Finding Your Niche in Digital MarketingQuick Guide to Finding Your Niche in Digital Marketing
Quick Guide to Finding Your Niche in Digital Marketing
 
Consumer Behavior -Market segmentation
Consumer Behavior -Market segmentation Consumer Behavior -Market segmentation
Consumer Behavior -Market segmentation
 
2011.07 Marketing
2011.07 Marketing2011.07 Marketing
2011.07 Marketing
 
Market segmentation ppt file
Market segmentation  ppt fileMarket segmentation  ppt file
Market segmentation ppt file
 

Recently uploaded

TAM Sports IPL 17 Advertising Report- M01 - M23
TAM Sports IPL 17 Advertising Report- M01 - M23TAM Sports IPL 17 Advertising Report- M01 - M23
TAM Sports IPL 17 Advertising Report- M01 - M23Social Samosa
 
SEO Forecasting by Nitin Manchanda at Berlin SEO & Content Club
SEO Forecasting by Nitin Manchanda at Berlin SEO & Content ClubSEO Forecasting by Nitin Manchanda at Berlin SEO & Content Club
SEO Forecasting by Nitin Manchanda at Berlin SEO & Content ClubNitin Manchanda
 
Dave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO Deck
Dave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO DeckDave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO Deck
Dave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO DeckOban International
 
Infographics about SEO strategies and uses
Infographics about SEO strategies and usesInfographics about SEO strategies and uses
Infographics about SEO strategies and usesbhavanirupeshmoksha
 
Professional Sales Representative by Sahil Srivastava.pptx
Professional Sales Representative by Sahil Srivastava.pptxProfessional Sales Representative by Sahil Srivastava.pptx
Professional Sales Representative by Sahil Srivastava.pptxSahil Srivastava
 
Codes and Conventions of Film Magazine Websites.pptx
Codes and Conventions of Film Magazine Websites.pptxCodes and Conventions of Film Magazine Websites.pptx
Codes and Conventions of Film Magazine Websites.pptxGeorgeCulica
 
Master the Art of Digital Recruitment in Asia.pdf
Master the Art of Digital Recruitment in Asia.pdfMaster the Art of Digital Recruitment in Asia.pdf
Master the Art of Digital Recruitment in Asia.pdfHigher Education Marketing
 
The 10 Most Influential CMO's Leading the Way of Success, 2024 (Final file) (...
The 10 Most Influential CMO's Leading the Way of Success, 2024 (Final file) (...The 10 Most Influential CMO's Leading the Way of Success, 2024 (Final file) (...
The 10 Most Influential CMO's Leading the Way of Success, 2024 (Final file) (...CIO Business World
 
Codes and Conventions of Film Magazine Covers.pptx
Codes and Conventions of Film Magazine Covers.pptxCodes and Conventions of Film Magazine Covers.pptx
Codes and Conventions of Film Magazine Covers.pptxGeorgeCulica
 
The power of SEO-driven market intelligence
The power of SEO-driven market intelligenceThe power of SEO-driven market intelligence
The power of SEO-driven market intelligenceHinde Lamrani
 
Understand the Key differences between SMO and SMM
Understand the Key differences between SMO and SMMUnderstand the Key differences between SMO and SMM
Understand the Key differences between SMO and SMMsearchextensionin
 
When to use Machine Learning Models in SEO and Which ones to use - Lazarina S...
When to use Machine Learning Models in SEO and Which ones to use - Lazarina S...When to use Machine Learning Models in SEO and Which ones to use - Lazarina S...
When to use Machine Learning Models in SEO and Which ones to use - Lazarina S...LazarinaStoyanova
 
What’s the difference between Affiliate Marketing and Brand Partnerships?
What’s the difference between Affiliate Marketing and Brand Partnerships?What’s the difference between Affiliate Marketing and Brand Partnerships?
What’s the difference between Affiliate Marketing and Brand Partnerships?Partnercademy
 
Fueling A_B experiments with behavioral insights (1).pdf
Fueling A_B experiments with behavioral insights (1).pdfFueling A_B experiments with behavioral insights (1).pdf
Fueling A_B experiments with behavioral insights (1).pdfVWO
 
Prezentare Brandfluence 2023 - Social Media Trends
Prezentare Brandfluence 2023 - Social Media TrendsPrezentare Brandfluence 2023 - Social Media Trends
Prezentare Brandfluence 2023 - Social Media TrendsCristian Manafu
 
Introduction to marketing Management Notes
Introduction to marketing Management NotesIntroduction to marketing Management Notes
Introduction to marketing Management NotesKiranTiwari42
 
Miss Immigrant USA Activity Pageant Program.pdf
Miss Immigrant USA Activity Pageant Program.pdfMiss Immigrant USA Activity Pageant Program.pdf
Miss Immigrant USA Activity Pageant Program.pdfMagdalena Kulisz
 
Agencia Marketing Branding Examen Fundamentals Digital Marketing Google Abril...
Agencia Marketing Branding Examen Fundamentals Digital Marketing Google Abril...Agencia Marketing Branding Examen Fundamentals Digital Marketing Google Abril...
Agencia Marketing Branding Examen Fundamentals Digital Marketing Google Abril...Marketing BRANDING
 
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdfResearch and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdfVWO
 
Fiverr's Product Marketing Interview Assignment
Fiverr's Product Marketing Interview AssignmentFiverr's Product Marketing Interview Assignment
Fiverr's Product Marketing Interview AssignmentFarrel Brest
 

Recently uploaded (20)

TAM Sports IPL 17 Advertising Report- M01 - M23
TAM Sports IPL 17 Advertising Report- M01 - M23TAM Sports IPL 17 Advertising Report- M01 - M23
TAM Sports IPL 17 Advertising Report- M01 - M23
 
SEO Forecasting by Nitin Manchanda at Berlin SEO & Content Club
SEO Forecasting by Nitin Manchanda at Berlin SEO & Content ClubSEO Forecasting by Nitin Manchanda at Berlin SEO & Content Club
SEO Forecasting by Nitin Manchanda at Berlin SEO & Content Club
 
Dave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO Deck
Dave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO DeckDave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO Deck
Dave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO Deck
 
Infographics about SEO strategies and uses
Infographics about SEO strategies and usesInfographics about SEO strategies and uses
Infographics about SEO strategies and uses
 
Professional Sales Representative by Sahil Srivastava.pptx
Professional Sales Representative by Sahil Srivastava.pptxProfessional Sales Representative by Sahil Srivastava.pptx
Professional Sales Representative by Sahil Srivastava.pptx
 
Codes and Conventions of Film Magazine Websites.pptx
Codes and Conventions of Film Magazine Websites.pptxCodes and Conventions of Film Magazine Websites.pptx
Codes and Conventions of Film Magazine Websites.pptx
 
Master the Art of Digital Recruitment in Asia.pdf
Master the Art of Digital Recruitment in Asia.pdfMaster the Art of Digital Recruitment in Asia.pdf
Master the Art of Digital Recruitment in Asia.pdf
 
The 10 Most Influential CMO's Leading the Way of Success, 2024 (Final file) (...
The 10 Most Influential CMO's Leading the Way of Success, 2024 (Final file) (...The 10 Most Influential CMO's Leading the Way of Success, 2024 (Final file) (...
The 10 Most Influential CMO's Leading the Way of Success, 2024 (Final file) (...
 
Codes and Conventions of Film Magazine Covers.pptx
Codes and Conventions of Film Magazine Covers.pptxCodes and Conventions of Film Magazine Covers.pptx
Codes and Conventions of Film Magazine Covers.pptx
 
The power of SEO-driven market intelligence
The power of SEO-driven market intelligenceThe power of SEO-driven market intelligence
The power of SEO-driven market intelligence
 
Understand the Key differences between SMO and SMM
Understand the Key differences between SMO and SMMUnderstand the Key differences between SMO and SMM
Understand the Key differences between SMO and SMM
 
When to use Machine Learning Models in SEO and Which ones to use - Lazarina S...
When to use Machine Learning Models in SEO and Which ones to use - Lazarina S...When to use Machine Learning Models in SEO and Which ones to use - Lazarina S...
When to use Machine Learning Models in SEO and Which ones to use - Lazarina S...
 
What’s the difference between Affiliate Marketing and Brand Partnerships?
What’s the difference between Affiliate Marketing and Brand Partnerships?What’s the difference between Affiliate Marketing and Brand Partnerships?
What’s the difference between Affiliate Marketing and Brand Partnerships?
 
Fueling A_B experiments with behavioral insights (1).pdf
Fueling A_B experiments with behavioral insights (1).pdfFueling A_B experiments with behavioral insights (1).pdf
Fueling A_B experiments with behavioral insights (1).pdf
 
Prezentare Brandfluence 2023 - Social Media Trends
Prezentare Brandfluence 2023 - Social Media TrendsPrezentare Brandfluence 2023 - Social Media Trends
Prezentare Brandfluence 2023 - Social Media Trends
 
Introduction to marketing Management Notes
Introduction to marketing Management NotesIntroduction to marketing Management Notes
Introduction to marketing Management Notes
 
Miss Immigrant USA Activity Pageant Program.pdf
Miss Immigrant USA Activity Pageant Program.pdfMiss Immigrant USA Activity Pageant Program.pdf
Miss Immigrant USA Activity Pageant Program.pdf
 
Agencia Marketing Branding Examen Fundamentals Digital Marketing Google Abril...
Agencia Marketing Branding Examen Fundamentals Digital Marketing Google Abril...Agencia Marketing Branding Examen Fundamentals Digital Marketing Google Abril...
Agencia Marketing Branding Examen Fundamentals Digital Marketing Google Abril...
 
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdfResearch and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
 
Fiverr's Product Marketing Interview Assignment
Fiverr's Product Marketing Interview AssignmentFiverr's Product Marketing Interview Assignment
Fiverr's Product Marketing Interview Assignment
 

Market segmentation: Segments of a market refer to distinct groups of consumers

  • 1. Market Segmentation Unit – 1 M.Des Footwear Design & Production Niveditha AS- Faculty FDDI Chennai
  • 2. Demographic Segmentation Gender Segmenting the market based on gender helps businesses tailor their marketing messages and products to specific genders. It enables them to create targeted advertising campaigns and develop products that resonate with their target audience. Age Demographic segmentation based on age helps businesses understand the preferences and needs of different age groups. It allows them to create targeted marketing campaigns and develop products that cater to specific age demographics. Income Demographic segmentation based on income allows businesses to target consumers with different income levels. It helps them develop pricing strategies and product offerings that are suitable for different income brackets. Education Segmenting the market based on education level helps businesses understand the preferences and needs of consumers with different educational backgrounds. It enables them to develop marketing strategies and products that align with the knowledge and interests of their target audience. Niveditha AS- Faculty FDDI Chennai
  • 3. Occupation Demographic segmentation based on occupation helps businesses target specific professional groups. It allows them to tailor their marketing messages and products to the specific needs and interests of different occupations. Marital Status Segmenting the market based on marital status helps businesses understand the preferences and needs of different marital status groups. It enables them to create targeted marketing campaigns and develop products that cater to specific marital status demographics. Family Size Demographic segmentation based on family size helps businesses target consumers with different family compositions. It allows them to develop marketing strategies and products that are suitable for different family sizes and lifestyles. Demographic Segmentation Niveditha AS- Faculty FDDI Chennai
  • 4. Geographic Segmentation Region Dividing the market based on regions allows businesses to target specific areas with customized marketing strategies and products. Country Market segmentation by country helps businesses understand and adapt to the unique needs and preferences of different countries. City Size Segmenting the market based on city size enables businesses to tailor their offerings to the specific needs and preferences of urban, suburban, and rural areas. Niveditha AS- Faculty FDDI Chennai
  • 5. Geographic Segmentation Climate Geographic segmentation by climate allows businesses to develop products and marketing campaigns that are suitable for different weather conditions. Population Density Segmenting the market based on population density helps businesses understand the unique challenges and opportunities of different areas. Cultural Preferences Market segmentation by cultural preferences enables businesses to tailor their offerings to the specific tastes, values, and traditions of different cultural groups. Niveditha AS- Faculty FDDI Chennai
  • 6. Psychographic Segmentation Understanding Consumer Motivations Psychographic segmentation categorizes consumers based on psychological traits, lifestyle, values, interests, attitudes, and behavior. This helps businesses gain insights into consumers' motivations and understand what drives their purchasing decisions. Tailoring Marketing Efforts By understanding the psychographic profiles of their target audience, businesses can tailor their marketing efforts accordingly. They can create personalized messages and experiences that resonate with consumers' values, interests, and attitudes. Niveditha AS- Faculty FDDI Chennai
  • 7. Behavioral Segmentation • Behavioral segmentation is a powerful tool that businesses can use to categorize consumers based on their behavior towards the product, brand, or buying decision. • By understanding consumer preferences and targeting specific behaviors, businesses can tailor their marketing strategies and offerings to effectively reach and engage their target audience. Niveditha AS- Faculty FDDI Chennai
  • 8. Types of Behavioral Segmentation Segment Description Usage Rate Categorizes consumers based on the frequency and volume of product usage. Occasion Groups consumers based on the occasions or situations in which they use or purchase a product. Benefits Sought Segments consumers based on the specific benefits they seek from a product or service. Brand Loyalty Categorizes consumers based on their level of loyalty and commitment to a particular brand. User Status Groups consumers based on their level of experience or familiarity with a product or service. Readiness Stage Segments consumers based on their readiness or willingness to make a purchase. Niveditha AS- Faculty FDDI Chennai
  • 9. Technographic Segmentation • What is Technographic Segmentation? • Technographic segmentation categorizes consumers based on their technology adoption, preferences, and behaviors. This helps businesses understand how consumers engage with technology and tailor their marketing efforts accordingly. Niveditha AS- Faculty FDDI Chennai
  • 10. B2B Segmentation Industry Type Segmenting B2B customers based on the industry they operate in allows businesses to tailor their products and services to specific industry needs. Company Size Segmenting B2B customers by company size helps businesses understand the different requirements and challenges faced by small, medium, and large enterprises. Purchasing Behavior Analyzing the purchasing behavior of B2B customers helps businesses identify patterns and preferences, enabling them to develop targeted marketing strategies. Decision-Making Processes Understanding the decision-making processes of B2B customers helps businesses streamline their sales and marketing efforts and provide the necessary information at each stage.. Geographic Location Segmenting B2B customers by geographic location allows businesses to adapt their marketing and distribution strategies to specific regions or countries. Niveditha AS- Faculty FDDI Chennai
  • 11. Cultural Segmentation Language Understanding the language preferences of different consumer groups allows businesses to effectively communicate their marketing messages and provide customer support in the preferred language. Religion Recognizing the religious beliefs and practices of different consumer groups helps businesses develop products and services that align with their values and avoid cultural insensitivity. Customs Adapting to the customs and traditions of different consumer groups enables businesses to create culturally relevant experiences and build strong connections with their target audiences. Traditions Incorporating traditional elements into marketing campaigns and product offerings allows businesses to resonate with consumers on a deeper level and foster brand loyalty. Niveditha AS- Faculty FDDI Chennai
  • 12. Generational Segmentation • Generational segmentation is a valuable tool for businesses to understand the diverse needs and preferences of different generational cohorts. By dividing the market based on generational cohorts such as Baby Boomers, Generation X, Millennials, and Generation Z, businesses can tailor their marketing strategies and offerings to effectively target each generation. Niveditha AS- Faculty FDDI Chennai
  • 13. Key Generational Cohorts Generation Birth Years Characteristics Baby Boomers 1946-1964 Experienced significant social changes, value loyalty, prefer traditional marketing methods Generation X 1965-1980 Independent and self-reliant, embrace technology, seek work-life balance Millennials 1981-1996 Digital natives, value experiences, socially conscious Generation Z 1997-2012 Tech-savvy, diverse, prioritize authenticity and personalization Generation Alpha Born after 2013 socializing from birth to be digitally active, drawn to authenticity, interactivity, and gamification. Niveditha AS- Faculty FDDI Chennai
  • 14. Benefits of Market Segmentation Tailored Marketing Efforts Market segmentation allows businesses to customize their marketing efforts to target specific consumer segments. By understanding the unique needs, preferences, and behaviors of each segment, businesses can create targeted marketing campaigns that resonate with their target audience, leading to higher engagement and conversion rates. Customized Product Offerings Market segmentation enables businesses to develop and offer products that are specifically designed to meet the needs and preferences of different consumer segments. By tailoring their products to address the specific pain points and desires of each segment, businesses can increase customer satisfaction and loyalty, leading to higher sales and profitability. Customized Pricing Strategies Market segmentation allows businesses to develop pricing strategies that are tailored to each consumer segment. By understanding the price sensitivity and willingness to pay of different segments, businesses can optimize their pricing to maximize revenue and profit. Targeted Distribution Channels Market segmentation helps businesses identify the most effective distribution channels to reach each consumer segment. By understanding the preferred shopping behaviors and channel preferences of different segments, businesses can optimize their distribution strategies to ensure that their products are easily accessible to their target customers. Niveditha AS- Faculty FDDI Chennai