ENTREPRENEURSHIP

Detailed explanation-1: -Demographic segmentation is one of the simple, common methods of market segmentation. It involves breaking the market into customer demographics as age, income, gender, race, education, or occupation. This market segmentation strategy assumes that individuals with similar demographics will have similar needs.

Detailed explanation-2: -Market segmentation can help you to divide your customer base into groups of people with similar desires. This means that you can tune your product, services and marketing strategy to meet each segment’s specific requirements.

Detailed explanation-3: -Regardless of your business type, customer segmentation typically involves grouping customers according to demographics, geographics, psychographics, or behavior. Digital companies can gain customer insights through technographic, behavioral, needs-based, value-based, or customer status segmentation.

Detailed explanation-4: -There are many ways to segment markets to find the right target audience. Five ways to segment markets include demographic, psychographic, behavioral, geographic, and firmographic segmentation.

Detailed explanation-5: -Demographic. Psychographic. Geographic. Behavioral. 06-Dec-2022