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- The market segmentation process involves the following steps:
- Define your market by setting boundaries (geographic area, age group, income level).
- Segment your market based on common characteristics.
- Research your market to understand it.
- Create your products and marketing strategy tailored to each segment.
- Test your marketing strategy.
- Get feedback and review your success12.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The market segmentation process
- 1. Define your market and the opportunity. The first step is to define the boundaries of the market, such as a specific geographic area, an age group, or income level. ...
- 2. Segment your market. ...
www.coursera.org/articles/market-segmentation7 steps in market segmentation
- Step 1 – Define your market Start by defining your market and collect information about your customer base through market research. ...
- Step 2 – Analyze existing customers ...
- Step 3 – Create buyer persona (s) ...
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