When it comes to marketing, one of the things that a marketer would have to do would be to group the market into buyers that would share common thought and behavior patterns. The act of doing this division is known as behavioral segmentation and is one of the most important aspects of a business. So if one is in business and marketing, these are some of the things that he has to take note of.
Now the first type of method wherein one may divide his market would be by occasion. Now if one is a businessman or an entrepreneur, he has to ask himself when the people are willing to buy his product. He must ask himself whether people will most likely buy his product, at night, during the day, on the holidays, or on special occasions.
Another type of division that one may use would be based on the things that they are seeking in a product. In a nutshell, one will be grouping customers based on what type of features and benefits that they would want in a product. By knowing this, a marketer may be able to know how to promote the features and benefits as well as advantages of a product.
Of course one of the most common ways to segment markets would be through the purchasing power of the individual. So if one would want to target people who spend heavy on a luxury product, then a luxury product is what he should create. However, if his target is the mass market, then the price has to be significantly lower so that the target market, which are the masses, can be able to afford.
Now another very good method is to classify them with regard to the usage of the product. In other words, they will be grouped as to how much they would use the product whether it would be often, not so often, or just at certain times. It is through this method that one will know how to focus.
Now another method that can be used in segmentation would be grouping them according to buyer status. The marketer must ask himself whether the buyer is a regular one, a potential one, or not a customer of the product at all. He may even categorize them as ex users or even first timers who have only used the product just once in their lives.
Of course one may also group the market according to how loyal the customer is to the brand. Now the three categories in this part would be the loyal ones, the non loyal ones, and the ones who are not that loyal. The ones that are not that loyal would regularly use the product but will have the tendency to switch to other brands.
So if one is a marketer, then these are some of the things that he would have to take note of. This is a very important aspect of marketing because it would help the marketer narrow down so that he can decide how to promote the product. This is definitely easier than trying to target everyone.
Now the first type of method wherein one may divide his market would be by occasion. Now if one is a businessman or an entrepreneur, he has to ask himself when the people are willing to buy his product. He must ask himself whether people will most likely buy his product, at night, during the day, on the holidays, or on special occasions.
Another type of division that one may use would be based on the things that they are seeking in a product. In a nutshell, one will be grouping customers based on what type of features and benefits that they would want in a product. By knowing this, a marketer may be able to know how to promote the features and benefits as well as advantages of a product.
Of course one of the most common ways to segment markets would be through the purchasing power of the individual. So if one would want to target people who spend heavy on a luxury product, then a luxury product is what he should create. However, if his target is the mass market, then the price has to be significantly lower so that the target market, which are the masses, can be able to afford.
Now another very good method is to classify them with regard to the usage of the product. In other words, they will be grouped as to how much they would use the product whether it would be often, not so often, or just at certain times. It is through this method that one will know how to focus.
Now another method that can be used in segmentation would be grouping them according to buyer status. The marketer must ask himself whether the buyer is a regular one, a potential one, or not a customer of the product at all. He may even categorize them as ex users or even first timers who have only used the product just once in their lives.
Of course one may also group the market according to how loyal the customer is to the brand. Now the three categories in this part would be the loyal ones, the non loyal ones, and the ones who are not that loyal. The ones that are not that loyal would regularly use the product but will have the tendency to switch to other brands.
So if one is a marketer, then these are some of the things that he would have to take note of. This is a very important aspect of marketing because it would help the marketer narrow down so that he can decide how to promote the product. This is definitely easier than trying to target everyone.
About the Author:
You can visit www.qdistrategies.com for more helpful information about Some Methods For Behavioral Segmentation.
No comments:
Post a Comment