This document discusses segmenting the market for Awake, an energy drink, based on geographic, demographic, psychographic, and behavioral factors. It finds that behavioral segmentation focusing on the benefits of reducing mid-afternoon fatigue and product usage rates is most important. Demographic segmentation targeting millennials and millennial females is also significant. Psychographic segmentation examining health-consciousness and career-driven lifestyles is less critical. Geographic segmentation targeting specific locations like colleges and offices is least important.
This document discusses segmenting the market for Awake, an energy drink, based on geographic, demographic, psychographic, and behavioral factors. It finds that behavioral segmentation focusing on the benefits of reducing mid-afternoon fatigue and product usage rates is most important. Demographic segmentation targeting millennials and millennial females is also significant. Psychographic segmentation examining health-consciousness and career-driven lifestyles is less critical. Geographic segmentation targeting specific locations like colleges and offices is least important.
This document discusses segmenting the market for Awake, an energy drink, based on geographic, demographic, psychographic, and behavioral factors. It finds that behavioral segmentation focusing on the benefits of reducing mid-afternoon fatigue and product usage rates is most important. Demographic segmentation targeting millennials and millennial females is also significant. Psychographic segmentation examining health-consciousness and career-driven lifestyles is less critical. Geographic segmentation targeting specific locations like colleges and offices is least important.
GeographicDemographicPsychographicBehavioral (Benefit and Usage Rate)
College CampusesMillennialsSocially active and academically focusedSeeking a solution for mid-
afternoon fatigueOffice EnvironmentsMillennial FemalesHealth-conscious and career-drivenLoyal customers transitioning through life stages
1. Behavioral (Benefit and Usage Rate)
This is likely the most important segmentation variable for Awake as it directly addresses the consumers' behavior, emphasizing the need for a solution to mid-afternoon fatigue. Understanding the benefits sought and the frequency of product usage is crucial for product positioning and marketing strategies. 2. Demographic Demographic segmentation, particularly targeting millennials and millennial females, is significant for Awake as it reflects the primary consumer base. Demographics provide insights into the age, gender, and life stage of the target audience, aiding in crafting tailored marketing messages and product adaptations. 3. Psychographic Psychographic segmentation, focusing on lifestyle, health-consciousness, and career-driven individuals, is important but slightly less critical than demographics and behavioral factors. It helps in understanding the values and attitudes of the target market, guiding marketing messages and product features. 4. Geographic Geographic segmentation, targeting specific locations such as college campuses and office environments, is likely of lesser importance compared to the other variables. While it played a role in the initial targeting strategy, the success of Awake appears to be more dependent on behavioral and demographic factors, which have broader implications beyond specific geographic locations.