market segmentation

Customer group classification

Market segmentation is the practice of dividing potential customers into groups based on shared characteristics—demographics, behavior, geography, or preferences.

Companies use segmentation to target products and messaging more precisely: Their market segmentation revealed that young professionals responded best to mobile ads.

The assumption is that different groups want different things and respond to different approaches.

strategy

targeting

Selecting as objective

micromarketing · clustering · personas · focus groups · surveys · analytics · competitive advantage · value proposition · customer acquisition

behavioral

brand loyalty

Habitual preference for one company

frequency · recency · churn · retention · conversion · customer journey · touchpoints · impulse buying

demographics

age

Duration of existence

occupation · ethnicity · family size · marital status · generation · socioeconomic · household · census · population · life stage

psychographics

lifestyle

Personal living pattern

personality · motivations · preferences · beliefs · opinions · aspirations · mindset · traits · consumer profiles · social status

B2B

industry

Economic production sector

procurement · enterprise · SMB · stakeholders · organizational structure

geographic

region

Indefinite bounded area

  • climatePrevailing atmospheric conditions
  • countrySovereign state or territory
  • cityLarge populated area

urban · rural · suburban · territory · location · density · zip code · neighborhood · local · international

Opposites
targeting approach

market segmentationmass marketing

Undifferentiated consumer outreach

shotgun approach · spray and pray · carpet bombing

market conception

market segmentationstandardization

Implementing uniform technical specifications

Family

market, marketing, supermarket, markets, marketer, marketed, segmented, segments, stock market

Familiarity
Top 500,000
Profile
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