What is Geographic Segmentation? Definition, Factors, Examples, and Pros/Cons

Geographic Segmentation

What is Geographic Segmentation? Geographic segmentation is a market segmentation strategy that groups customers based on the area they live. This can be done in terms of the customer’s location, cultural preferences, time zone, climate, language, urban or rural area, etc. Geographical segmentation divides customers based on their specific geographical area and targets a specific … Read more

What is Demographic Segmentation? Definition, Variables, Examples, and Pros/Cons

Demographic Segmentation

What is Demographic Segmentation? Demographic segmentation is a market segmentation strategy in which customers are grouped based on factors like age, gender, marital status, income, ethnicity, occupation, etc. Instead of focusing on a broad range of customer bases, you can focus on a specific customer’s demographic factor which allows your company to better understand the … Read more

4 Types of Market Segmentation with Examples and Pros/Cons

Market Segmentation Types

Market Segmentation Types Market segmentation is a process of splitting or dividing a large market into its different segments or consumer groups. There are four main types of market segmentation namely demographic, behavioral, psychographic, and geographic segmentation using which you can segment the market. Demographic segmentation divides markets based on factors like consumers’ age, sex, … Read more

What is Niche Marketing? Definition, Examples, and Pros/Cons

Niche Marketing

What is Niche Marketing? Niche marketing is a marketing strategy that is geared toward a very specific segment of the market. Thus, it is also called concentrated marketing. Companies adopting this strategy focus on the specific target market that requires high-quality service and attention. What is Niche Market? A niche market includes a particular customer … Read more

Differentiated Vs Undifferentiated Marketing: 8 Key Differences

Differentiated and Undifferentiated Marketing

Differentiated Vs. Undifferentiated Marketing Differentiated and undifferentiated are two marketing strategies that most companies use to market their products and increase sales. Where differentiated marketing focuses on specific segments of the market. Whereas, undifferentiated focuses on the whole market. Let’s understand what differentiated and undifferentiated marketing is and the differences between them. What is Undifferentiated … Read more

What is Differentiated Marketing? Definition, Features, Example, and Pros/Cons

Differentiated Marketing

It is obvious that a market consists of different consumer groups who have different needs, tastes, and interests from each other. As such, a single product or marketing plan can not satisfy all the demands of those customers. This is where differentiated marketing comes into play. Let’s understand what it is. What is Differentiated Marketing? … Read more

What is Mass Marketing? Definition, Features, Examples, and Pros/Cons

Mass Marketing

What is Mass Marketing? Mass marketing is a marketing strategy in which a business aims to offer the same product to the whole market and attract as many customers as possible through a single marketing program. It is also called undifferentiated marketing. Mass marketing does not divide the larger market as a segment or niche … Read more