Customer Segmentation
Customer segmentation is dividing a mass market into distinct segments or groups of people who share similar characteristics.
Customer segmentation is used in marketing for installed base marketing, Lifecycle Marketing, 1:1 Marketing and CRM, Customer Relationship Marketing.
Once you get a customer, how do you keep them as a customer, sell more product/services to them, get them to share positive word-of-mouth? Customer segmentation is the foundation for installed base marketing and new product/service development.
How segmentation is used
- Develop relevant new products and services
- Customize marketing campaigns and messages to be more relevant and effective
- Choose specific product features to...
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How to Target Your Marketing to Reach:
- Athletes
- Baby Boomers
- College students
- Consumers
- Dads
- DINKS (double income, no kids)
- Empty nesters
- Entrepreneurs
- Families with young children
- Gen X
- Generation Y Millennials
- High income adults
- Hispanics
- Industry thought leaders
- Moms
- Moms with young kids
- Moms with teens
- Opinion leaders
- Pet owners
- Retired adults
- Single working professionals
- Small business owners
- Teens
- Working women
- Youth
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