and had no problems with it‚ a small price increase probably would not make them change toothpaste brand. Psychographic Psychographics are the attributes that describe the personality‚ attitudes‚ beliefs‚ values‚ emotions‚ and opinions of customers‚ and prospective customers. Demographic segmentation is who the people that buy the product are (age‚ gender‚ job) and psychographic segmentation is why people buy the product.
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| 2013 | | Hemantha Wijewardena(WIHED52) &Nadisha Wanniarachchige (WANMD13 | [ Brand Enhancement] | | Contents 1. Introduction 3 2. Target market 4 3. Demographic features and psychographic features 7 4. The importance of knowing the demographics and psychographic of the target market 8 5. Perception problem of the customers of Dominos 9 6. Marketing and Communication objectives 10 5.1 Communication objectives 10 5.2 Marketing objectives 11 7. Campaign
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Segmentation We believe that the marketing segmentation of Lee Kum Kee’s soy sauce is a mixture of demographic‚ psychographic and benefit segmentation. Since customer’s buying motives comes from their own habit and their own lifestyle before they consume soy sauce as they will use the same brand or the same soy sauce when they find that soy sauce is what they want and they need. Demographic segmentation consists of dividing the market into groups based on variables such as age‚ gender family
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1. Demographics and Psychographics for the Bajaj-Renault-Nissan low cost car To map the consumer profile and exact segmentation‚ Demographic and Psychographic characteristics have to be considered: (for the Bajaj-Renault-Nissan low cost car) Demographic characteristics are as follows: Gender: The car is for the family‚ so gender is immaterial here. But generally‚ the male person of the house
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categories. The four main bases‚ which segment a consumer market‚ are known as Geographic‚ Demographic‚ Psychographic and Behavioural segmentation. Geographic Segmentation is based on variables such as region‚ city size‚ density and climate. Demographic Segmentation is based on variables such as age‚ sex‚ family size‚ family life cycle‚ income‚ occupation‚ education‚ religion and nationality. Psychographic Segmentation is based on variables such as socioeconomic status‚ values‚ attitudes and lifestyle
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consumer’s personality influences the way he or she responds to marketing stimuli‚ but efforts to use this information in marketing contexts have met with mixed results. • Consumers’ lifestyles are key to many marketing strategies. • Psychographics go beyond simple demographics in helping marketers understand and reach different consumer segments. • Identifying patterns of consumption can be superior to knowledge of individual purchases when crafting a lifestyle marketing strategy
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target customers were more lifestyle centric in 1970s whereas in 2000s the customers are ready to try out new experiences. Psychographic based promotional strategy would work over benefits based strategy as psychographic based strategies is more flexible and targets a larger customer’s base that bear similar lifestyle‚ attitude‚ opinion and interest. Pros: Psychographic segmentation gives a much better insight and understanding of the consumer‚ which leads to the identification of underlying needs
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thankful to them. Secondly I would also like to thank my parents and friends who helped me a lot in finishing this project within the limited time. Methodology The methodology used in this project for my product reference is demographic and psychographic‚ the segmentation was done by myself the information on the meaning were from the internet. A thorough understanding was done and then the product was segmented.Index Srno. Topic 1 INTRODUCTION OF MARKET SEGMENTATION 2 BASIS OF MARKET
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the company while growing revenues (Zuckerman‚ 2002). Market segments fall into three main categories of demographic characteristics‚ income categories‚ and geographic locations. In targeting the specific target market‚ the paper will evaluate psychographic and behavioral characteristics of the consumer who O’Boyle Flooring will want to attract to their store. Finally‚ this study of O’Boyle’s Flooring will create a positioning statement for the company. Market Segmentation O’Boyle Flooring has identified
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by some common characteristics. These characteristics are relevant in explaining and in predicting the response of consumers‚ in a given segment‚ to marketing stimuli. The market can be subdivided by geographic‚ demographic‚ psychological‚ psychographic or behavioural variables. The advantages and disadvarUages of each of these types of segmentation variables are discussed in detail in this paper. Kotler {1984) has identified four requirements that a marketer can use in evaluating the desirability
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