5. Age
Some products are marketed to
specific age groups
6. Dr. Rosenbloom
Income Level
Some products are marketed to
consumers with different income
levels
7. Family
Some products are marketed to
consumers with special family
consideration
Family Life Cycle
Bachelor, marriage, married
with children, retired, etc.
8. Education
Some products are marketed to
consumers with certain
educational levels
9. Ethnicity
Some products are marketed to
consumers from specific ethnic
backgrounds
10. Region
Size of metropolitan area
Population density
Climate
11. Markets can be segmented by how often or
how heavily consumers use a specific product
80/20 Principle - 80% of revenue generated
by 20% of customers
Light Users
Heavy Users
12. Grouping customers together based on:
Social class
Lifestyles
Psychological characteristics
(attitudes, interests and opinions)
13. 1) Focus of the Company
2) Increase in competitiveness
3) Market expansion
4) Increases profitability
14. 1) Segments are too small
2) Consumers are misinterpreted
4) There are too many brands
3) Costing is not taken into consideration
16. Lets take an example to
illustrate Segmentation:
17. Too much Work Pressure
Do not differentiate among
products/Services
Usually Wants a way out
Are not Brand Loyalists
Price not an issue
Mr/Ms Tender
Not too much Work Pressure
Differentiates among
products/Service
Takes Care before selecting a
Product/Service
Are Brand Loyalists
Price may or may not be an issue
Segmentation
18. The High school Diva
Image and Look Conscious
Differentiates among
products/Service
Takes Care before selecting a
Product/Service
Nothing better than being Popular
Price may or may not be an issue
The Geeky Geeks
Differentiates among products/Service
Takes Care before selecting a
Product/Service
Loves to play around with new Softwares
Love Comics
Price may or may not be an issue
19. Advertisers
Differentiates among
products/Service
Takes Care before selecting a
Product/Service
Price not be an issue
In the Rush for Promoting
Good Revenue Generator
Busy Bee
27%
High
School
Diva
23%
Advertiser
23%
Mr/Ms
Tender
18%
Geeky
Geek
9%
Strenth (%)
20. Age (Years)
Sex
Care
Quotient
Narcissism
Work Level
Tech Savvy
Occasion
Driven
Segment
Attractivenes
s
Busy Bees
30-50
Male
Low
Low/Medium
Very High
High
Very High
Very High
Low
Mr/Ms Tender
20-40
F/M
Very High
Low
High/Medium
Medium
High
High
Medium
The High
School
Diva
16-23
Female
High
Very High
Low
High
Medium
Very High
High
The Geeky
Geeks
17-25
Male
Medium/Low
Low/Medium
Low
Very High
Low
High
High
Advertisers
25+
M/F
High
Medium/High
High/Medium
High
Very High
High
Low