Wednesday, 12 November 2014

Target Audience and Segmentation

Think about those visitors you want to attract to your site. As much as we'd like to think so, not everyone is going to be equally interested in your product or service. So, who is most likely to be interested in what you have to offer?
Hey...don't say "everybody is" your target audience.  There are probably certain groups of people, or market segments, that are more likely than others to want your product.  It's important to identify such segments, whether you're doing consumer, retail or business-to-business marketing, so that you can focus your marketing efforts and dollars on those likely to generate a profitable return.
Demographics describe the profile of a particular market segment. Psychographics are the attitudinal traits people exhibit in their approach to life. Because both sets of traits have an impact on buying behavior, both have an impact on how you should package, price and communicate your product to your key segments.
Examples of demographic and psychographic attributes include:


Consumer Demographics examples
consumer demographics - ageAge
consumer demographics - genderGender
consumer demographics - occupationOccupation
consumer demographics - household incomeHousehold Income
consumer demographics - marital statusMarital Status
consumer demographics - presence of childrenPresence of children in the household
consumer demogrpahics - home valueHome Value
consumer demographics - geographic regionsGeographic Region(s)
Business Demographics examples
business demographics - job titleJob Title
business demographics - industry type or SIC codeIndustry Type or SIC Code
business demographics - annual sales volumeAnnual Sales
business demographics - number of employeesNumber of Employees
business demographics - geographic regionsGeographic Region(s)
Psychographics (attitudes) examples
pyschographics - statusNeed for status
pyschographics - role of moneyRole of money (does it buy material things, self-esteem, etc?)
pyschographics - ethics and moralsEthics/"moral compass"
pyschographics - risk-taker vs. conservativeRisk-taker vs. conservative

Spendthrift vs. hoarder of money



c&p from : 
http://www.tappernet.com/marketingworkshop/targetaud.htm

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