How Do You Choose A Targeting Strategy?

  • The company’s resources
  • The degree of product variability
  • The product life cycle
  • Market variability
  • Competitors’ marketing strategies

What are the 4 targeting strategies?

  • Mass marketing (undifferentiated marketing)
  • Segmented marketing (differentiated marketing)
  • Concentrated marketing (niche marketing)
  • Micromarketing

What are the 3 types of audiences

3 categories of the audience are the lay audience, managerial audience, and expert audience.

For running a successful business, you need to promote and sell your products to a targeted and valuable audience.

What are the most essential 7 M’s in marketing

Seven cyclical elements to a successful integrated marketing program are: mindset, measure, model, map, make, modify, and monetize.

What are the four types of audiences?

  • Friendly
  • Apathetic
  • Uninformed
  • Hostile

How do you grow your market?

  • Do Your Research
  • Build a Sales Funnel
  • Increase Customer Retention
  • Participate in Networking Events
  • Practice Corporate Social Responsibility
  • Form Strategic Partnerships

What are the 7 types of audiences?

  • Neutral Audience
  • Hostile Audience
  • Uninformed Audience
  • Expert Audience
  • Business Audience
  • Final thoughts

What are 4 types of behavioral segmentation?

  • Usage and Purchase Behaviour
  • Time-Based and Occasion
  • Benefit Driven
  • Customer Loyalty

What are the 5 main different segments for demographics

Demographic segmentation groups customers and potential customers together by focusing on certain traits that might represent useful markets for a business.

What are the 5 main different segments for demographics? The five main demographic segments are age, gender, occupation, cultural background, and family status.

What are 4 examples of psychographics?

  • Personalities
  • Lifestyles
  • Interests
  • Opinions, attitudes, and beliefs
  • Values

What are 3 types of psychographics

3 types of psychographics. The main types of psychographics are interests, activities, and opinions.

You can split that into subcategories as well. (Attitudes are slightly different than opinions; lifestyle and behavior are slightly different than activities).

Sources

https://www.investopedia.com/terms/m/marketing-plan.asp
https://www.yieldify.com/blog/demographic-segmentation-ecommerce-marketing/
https://edu.gcfglobal.org/en/thenow/what-is-targeted-advertising/1/
https://zeotap.com/blog/types-of-behavioural-segmentation/
https://www.linkedin.com/pulse/4-types-audience-your-speech-conor-neill