Target Marketing

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What is Target Marketing?

Target Marketing is the process of communicating, marketing and selling products or services to groups of consumers with similar characteristics (market segments) that represent the best prospects for them. Such market segments can be defined on:

1. Geographic Segmentation (nation, country, state, region, city, but also: population density, climate)

2. Demographic Segmentation (age, gender, race, income, education, occupation, family size, religion, generation): Compare: JICNARS Scale

3. Psychographics Segmentation (values, attitudes, social class, lifestyle and aspirations). Compare: Values and Lifestyles

4. Behavioral Segmentation (occasions, benefits sought, loyalty status, user status, buyer readiness)

5. Product differences

Steps in Target Marketing. Process

Roughly, three steps can be distinguished in target marketing:

1. Market Segmentation: Breaking up the total market by indentifying and profiling distinct groups of potential buyers with similar needs and preferences. From bigger to smaller chunks, one could distinguish between segment marketing, niche marketing, local marketing, individual marketing.
2. Market Targeting: Choosing (selecting) one or more market segments to enter.
3. Market Positioning: Per target segment, identify and communicate the key distinctive benefits of the company's market offering.

Forum Forum about Target Marketing. Community Marketing: Three Moments of Truth Application of the model below in economic development can help communities be more competitive.One of the great mysteries to economic development professionals is exactly how private sector business ... 11   🔥 You are Being Watched: Psychological Targeting A recent, technologically advanced form of target marketing, or in fact targeting in general, is psychological targeting. Historic Background: Psychographic Target Marketing Psychological Targeting ... 8   4 comments Regional Marketing Regional Marketing (RM) can be used to increase the competitiveness and investment attractiveness of a region. What is the definition of Regional Marketing? RM is an umbrella term for the geograph... 4   Target Marketing Cases and Examples Hi, do you know of a remarkable case or an interesting example of the use of target marketing?Please share it by entering a reaction. Thanks for contributing...!... 2   Market Targeting Once a firm has identified its market-segment opportunities (Market Segmentation), it can proceed with Market Targeting. In the market targeting process, companies first perform a market segmen... 1   Start a new topic about Target Marketing Sign up for free

Courses about Target Marketing. Beginners Course Advanced Course Course for Experts

Expert Tips Advanced insights about Target Marketing. Here you will find professional advices by experts. Consultancy Tips Teaching Tips Practical Implementation Tips Childrens' Understanding of Advertizing: Three Stages of Consumer Socialization Advertizing to Children, Targeting Children, Consumer Socialization, Marketing to Children The way that people behave and how they make their decisions in the marketplace depends on the processes by which they h... Focus Points in City Branding City Branding, Regional Branding, Geographical Branding Although most people are used to products and services marketing, cities are increasingly being used as a marketing tool...

Information Sources Various sources of information regarding Target Marketing. Here you will find powerpoints, videos, news, etc. to use in your own lectures and workshops. Branding Cities: City Branding City Branding, Branding Strategies This presentation is about city branding. It explains how to successfully brand cities. The following sections are inclu... Country Branding: Branding a Country Country Branding, Place Branding This presentation is about branding a country or another geographic location. Next to the outline, there are several cou... Target Marketing and Market Segmentation Target Marketing, Market Segmentation, Strategy Presentation about Target Marketing. The presentation explains the need for market segmentation, the levels of market se... Philip Kotler on Today's Relevance of Mass Advertising Mass Advertsing, Mass Media, Advertising Strategy, Consumer Behavior Philip Kotler explains that mass advertising, typically through television and print, has lost most of its its effective... The Internet / Social Media Revolution Social Media, Internet Strategy, Internet Impact, Digital Revolution Video shows how fast social media is growing. And gives a clear status of the position of social media by 2014. Great s... Marketing Strategy: Opportunity Analysis; Targeting and Segmentation Marketing Strategy, Target Marketing, Market Segmentation Presentation about Market segmentation, target marketing and opportunity analyses. The presentation includes the followi... Customer Segmentation by Emotion: The EMO-index Consumption Behavior Emotions are an important part of customers' overall experience and final decision making; therefore they contribute to ...

Tools Useful tools regarding Target Marketing. News Videos Presentations   Books Academic More

Compare with: Positioning  |  3 C's (Ohmae)  |  Marketing Mix  |  Extended Marketing Mix (7-Ps)  |  4S Web Marketing Mix  |  Competitive Environment  |  Competitive Intelligence  |  Competitive Position  |  Values and Lifestyles  |  Profit Pools  |  SOSTAC  |  Concentrated Marketing  |  One-to-one Marketing  |  Undifferentiated Marketing  |  Tie-in Marketing

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