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Segmentation

The document discusses market segmentation, which is the process of dividing a potential market into distinct subsets of consumers based on common characteristics. It involves segmenting the market based on variables like geography, demographics, psychographics, behaviors, and dividing the target market to focus marketing efforts more efficiently. Some examples of market segmentation variables discussed are age, income, lifestyle, culture, needs, and personality traits. Psychographic segmentation in particular examines lifestyle factors, activities, interests and opinions to group consumers.

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Aŋoop Krīşħŋặ
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68 views3 pages

Segmentation

The document discusses market segmentation, which is the process of dividing a potential market into distinct subsets of consumers based on common characteristics. It involves segmenting the market based on variables like geography, demographics, psychographics, behaviors, and dividing the target market to focus marketing efforts more efficiently. Some examples of market segmentation variables discussed are age, income, lifestyle, culture, needs, and personality traits. Psychographic segmentation in particular examines lifestyle factors, activities, interests and opinions to group consumers.

Uploaded by

Aŋoop Krīşħŋặ
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Segmentation

The process of dividing a potential market into distinct subsets of consumers and selecting one or more
segments as a target market to be reached with a distinct marketing mix.

MARKET SEGMENTATION
 Mass Marketing to Segmented Marketing to Mass
Customization
 “ Dividing the Market in to different Customer
Groups having common needs and preferences” to
focus Marketing efforts more efficiently.
 Segmentation, Targeting and Positioning STP
P1 Segmented
P1 Marketing
P2
Mass Mktg P3

Variables for Segmentation

• Geographic Segmentation

• Demographic Segmentation

• Psychological Segmentation

• Psychographic Segmentation

• Socio-cultural Segmentation

• Use-Related Segmentation

• Usage-Situation Segmentation

• Benefit Segmentation
• Hybrid Segmentation Approaches

Psychographic Segmentation- based on Lifestyle, AIO ( Activities, Interests, Opinions) scale., VALS scale.
( Values and Lifestyle scale.

Eg Achievers, Strugglers, status seekers, couch potato, road hog, techno road warrior.

Market Segmentation
SEGMENTATION BASE SELECTED SEGMENTATION VARIABLES
Geographic Segmentation
Region Coastal, Central plains, Hilly
City Size Major metropolitan areas, small cities, towns
Density of area Urban, suburban, rural
Climate Temperate, hot, humid, rainy
Demographic Segmentation
Age Under 11, 12-17, 18-34, 35-49, 50-64, 65-74, 75-99, 100+
Sex Male, female
Marital status Single, married, divorced, living together, widowed
Income

Education Some high school, high school graduate, some college,


college graduate, postgraduate
Occupation Professional, blue-collar, white-collar, agricultural,
military

3-1
continued
SEGMENTATION BASE SELECTED SEGMENTATION VARIABLES
Psychological Segmentation
Needs-motivation Shelter, safety, security, affection, sense of self-worth
Personality Extroverts, novelty seeker, aggressives, low dogmatics
Perception Low-risk, moderate-risk, high-risk
Learning-involvement Low-involvement, high-involvement
Attitudes Positive attitude, negative attitude
Psychographic
(Lifestyle) Segmentation Economy-minded, outdoors enthusiasts, status seekers

Sociocultural Segmentation
Cultures American, Italian, Chinese, Mexican, French, Pakistani
Religion Catholic, Protestant, Jewish, Moslem, other
Subcultures (Race/ethnic) African-American, Caucasian, Asian, Hispanic
Social class Lower, middle, upper
Family life cycle Bachelors, young married, full nesters, empty nesters

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