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Week 7 - Customer Segmentation
Week 7 - Customer Segmentation
Different Needs
Different Channels
Segmentation
The process of dividing large group
of consumers into subgroups based
on specific characteristics and
common needs
TYPES OF CUSTOMER SEGMENT?
Psychographic
Business-to-Business
Demographic Markets (B2B)
Behavioral
Geographic
CUSTOMER TARGET STRATEGY
Mass
Market
Niche
Market
Segmented
Diversified
Multi-sided
Market
CRITERIA OF A GOOD
SEGMENT
1 Depth of Pain (Need)
2 Budget
3 Reach
4 Market Size
5 Value
WHY ARE CUSTOMER SEGMENTS IMPORTANT?