Types of segmentation 4 types- geographic, demographic, psychographic, behavioural- ideal is to integrate, mix Demographic Geographic Type Factors (examples) Country, area, region, climate • • • • • • • Psychographic • • • • • Behavioural • • • • • • • • Age (Hospitals, cycles, , toys) Education Income (Garments, car, soaps) Sex (Perfumes, hospital) Religion, nationality Marital status, family size, family life cycle, generation, ocupation Social class- middle/lower/ upper Benefits sought (costs, service, quality) Lifestyle, VALS (Values, attitudes, lifestyle) Personality, culture, social, religion AIO- what interests them, view Activities- Work, Hobby, Shopping Interests- Family, fashion, food Opinions- Self, PEST Occasions Personality based Benefit segmentation Attitude (+ve/-ve, hostile) Convenience (EMI, Home Delivery) Readiness (Informed, interested, aware) Example • Coke-Chota-Rural, Bada –Urban • Sweaters in HP, Kashmir • McDonalds menu adaptation in India • Honda City- different models globally • ITC Ashirwad atta diferrent blends NEWS • India food habits- North wheat, South rice • LIC, Hinduja hospital • Schools • Toyota- Lexus, Camry, Corolla • Gillette • Beef/Pork, Halal, Kosher foods • Mature 1945+, Baby boomers 1965+, Generation X 1976+, Generation Y 1994+ • DINK, ORCHID, YUP, WHOP • Nano, Taj, Titan, Nokia • Clubs, Art, Wine Harley Davidson owners • Woodlands-rugged/extrovert • Niche magazines - food, fashion, car, electronics, CRM • Greeting cards, tour operators, weddings • Blackberry addicts • Maggi convenience, Maruti service, value • User (1st time, regular) • Usage (light, heavy consumption) • Loyalty (HML, switchers) Titan- edge for formal, fastrack for casual, Raga for ethnic; Bisleri pack sizes • By occasions, product usage, benefits sought, brand loyalty • Occasions• User Status - Non-Users Vs Current Users (Credit Cards, bikes) • Usage Rate- Heavy Users Vs. Light Users (beers) Exercise 1. Outline a segmentation matrix for mobiles (users v features) 2. Sports Shoes Market (Exercise) Which segments should Nike, Adidas & Reebok target