Allows companies to target a segment of people with
particular needs. Bussineses can segment the market through demographic ,
geographic, pschographic and behavioval segments.
Segmenting consumers by their age, income levels , education/occupation
and gender. A product targeting teachers may not sale very well because
teachers range in age. Marketers need to incoperate multiple segements within
the demographic segment. A company looking to sell an expensive technological
device may look to target teenagers that come from families with high income levels
as that age group are very influencial in family decisions such as holiday
destinations.
Strategically placing a product that would function
effectively in a location to satisfy consumer needs. Selling solar panels in
England would not be a wise idea because it rains throughout the year in
contrast to Spain where its sunny for longer over the year. Urban and rural
areas have contrasting needs as urban areas generally have less space therefore
selling bigger equipment to rural areas would generate more profits.
Segmenting consumers dependant on their lifestyle
interests and attitudes.More effective strategy because it overcomes gender and
age aspects allowing the marketer to target a bigger yet specific segment. I think
that this would be the most effective for my campaign because the brand is worn
mainly by athlets (lifestyle resinating hardwork and archiving self optimum
level)
Targeting consumers through their purchases. There is a
weak corolation to what people say they will buy or do to what they actually do
making this strategy the most effective.
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