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  1. Market Segmentation: Definition, Example, Types, Benefits

    • Learn what market segmentation is, how it works, and why it is important for businesses. Explore the different types of market segmentation, such as demographic, geographic, behavioral, and psych… See more

    What Is Market Segmentation?

    Market segmentation is a way of aggregating prospective buyers into groups or segments, based on demographics, geography, behavior, or psychograp… See more

    Investopedia
    Understanding Market Segmentation

    Companies can generally use three criteria to identify different market segments: 1. … See more

    Investopedia
    How to Determine Your Market Segment

    There's no single universally accepted way to perform market segmentation. To determine market segments, it's common for companies to ask themselves the following q… See more

    Investopedia
    Benefits of Market Segmentation

    Marketing segmentation takes effort and resources to implement. However, successful marketing segmentation campaigns can increase the long-term profitability … See more

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  2. The market segmentation process involves the following steps:
    1. Define your market by setting boundaries (geographic area, age group, income level).
    2. Segment your market based on common characteristics.
    3. Research your market to understand it.
    4. Create your products and marketing strategy tailored to each segment.
    5. Test your marketing strategy.
    6. Get feedback and review your success12.
    Learn more:

    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-segmentation

    7 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) ...
    www.similarweb.com/blog/research/market-researc…
     
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