Market Segmentation
By: A Staff Writer
Updated on: Oct 22, 2024
Smaller Target = Bigger Profits
Trying to sell to everyone is a sure way to sell to…no one. Segment for success!
- Demographic Divide: Age, gender, income, location…these still matter, but aren’t enough.
- Psychographics are Powerful: Understand their values, pain points, what motivates their buying decisions.
- Benefits, Not Features: Focus your messaging on what your product/service DOES for them.
- Niche is Your Power: Dominating a small segment is easier than being mediocre to the masses.
- Tailor Your Approach: Different segments respond to different channels (social platforms, email, etc.).
- Test, Analyze, Refine: Segmentation is ongoing; data reveals what works best.
Smart segmentation means your marketing dollars work harder, delivering higher ROI.