Improve Marketing With Criteria Necessary For A Market Segment
Monday, May 26th, 2008The criteria necessary for a market segment reveals what you need to know about your target market in order to develop a successful marketing campaign.
Every successful marketing campaign targets a specific group of people. These are the people most likely to become your customers. They comprise your target market.
After identifying your target market by segments. Then you can design your marketing tactics specifically to meet their needs and preferences.
The five criteria necessary for a market segment are:
First Criteria Necessary For A Market Segment: People In The Market Segment Share Similar Characteristics
Second Criteria Necessary For A Market Segment: People In The Market Segment Have Different Characteristics Than The Mass Market
Third Criteria Necessary For A Market Segment: A Measurable And Identifiable Market Segment
Fourth Criteria Necessary For A Market Segment: The People In The Market Segment Can Be Reached And Persuaded To Take Action
Fifth Criteria Necessary For A Market Segments: A Large Enough Market Segment To Be Profitable
You need to understand all the criteria necessary for a market segment in order to market effectively. This article explains the first two of these criteria. The remaining three are explained on my blog linked in the resource box.
First Criteria Necessary For A Market Segment: Commonality Of People In The Market Segment
A segment having commonality means that all the people in it have characteristics in common.
For instance, social classes comprise market segments. The working class share common characteristics. Middle class members share characteristics. However, the two classes’ characteristics are different. If you try to market to the both the same, your marketing will fail with one or both.
The best market segments are the ones in which people share many of the same characteristics.
When people are similar, they are more likely to want and need the same products and services. When they share many characteristics, it’s easier to design a marketing campaign that builds on their common needs.
Second Criteria Necessary For A Market Segment: Heterogeneity Between Market Segments
For a market segment to exist, the people in the segment have to be different from everybody else in some identifiable ways.
Market segment members must be different in some significant way from others in the mass market. Without significant differences, you have:
No differences in the target market and the overall market,
No reason to develop a marketing campaign for the target market, and
No rationale for creating a marketing program.
When people in a market segment differ substantially from people not in that segment, it’s easier to target those people. Thus, differences between segments is a major criteria necessary for a market segment.
When segments are different, each requires a unique marketing campaign.
Criteria Necessary For A Market Segment: Summary With More Access
If you identify a market segment in which the people have lots in common, but are quite different from people in other market segments, you have the beginning of a successful marketing campaign.
Even if the people in a segment do share similar characteristics and those characteristics differ from those in other segments, you still need three more criteria for a market segment. (1) There needs to be enough people in the segment (2) to make marketing to them worthwhile. And (3) they must be the type of people who will take your desired actions.






