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Segment The Market But Focus More On Targeting and Positioning
Segment The Market But Focus More On Targeting and Positioning
Segment The Market But Focus More On Targeting and Positioning
1
Segmentation
Targeting
&
Positioning
“Reaching out to
the
Right Customers”
By:
Shilpa Susan Philip
Sachin Kr. Sanu
Sunny Gupta
(Group2, IMC)
2
Contents
• Our Focus
• Segmentation
• Target Marketing
• Positioning
• References
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4
OUR FOCUS:
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6
Steps to Follow
6
Segmentation can be based on:-
• Behavioral
• Psychographic
• Demographic
– For common consumer
– For Business Market
• Need Based
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Behavioral Segmentation
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Geographic Segmentation
•
• Based on nations, states, regions, cities.
Psychographic Segmentation
•
• Social class, lifestyles or personality
characteristics.
Eg:-Mercedes. K2 cigarette
Innovators
upscale, niche-oriented
Thinkers
durability, functionality
Achievers
established & prestige
Experiencers
fashion, entertainment
Believers
familiar & established
Strivers
stylish products
Makers
basic, practical
Strugglers:
Loyal to favorite brands
Source: Keller, Ang, Leong & Tan4th Edition: VALS Segmentation System
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Demographic Segmentation
Consumer
Business:
• Age First-time prospects
• Gender Novices
• Family size Sophisticates
• Family life cycle Price-oriented customers
• Income (transactional selling)
• Occupation Solution-oriented customers
• Education (consultative selling)
• Religion, race Strategic-value customers
• Generation (enterprise selling)
• Nationality
•
Demographical segmentation For Business Market
To be useful,
market segments
must be:
7-step Needs-based Market Segmentation Approach
Other Factors:-
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Target Marketing
Target Market
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CONTINUED…
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CONTINUED…
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Positioning…
Examples:
Apple – Innovation,
Toyota – Economy,
Mercedes – Luxury,
Choosing a Positioning Strategy
•
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– Product differentiation
Form: Shape and Size (Tetra packs and pouches of
shampoos)
Features: Oral B (Blue Dye)
– Services differentiation: (Dominos, Pizza Hut – Freshness
Indicators)
Example:
More for more: Produce high quality products, charge a high price,
–
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References
•
• Keller, Ang, Leong & Tan4th
Edition: VALS Segmentation
System
•
• Philip Kotler, 4rth Edition
•
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Queries???