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  2. What is market segmentation? Definition, 5 types, and examples

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    What are the 5 types of market segmentation?The five most common types of market segmentation are: 1. Demographic segmentation Demographic segmentation is perhaps the most common and straightforward method of segmenting the market. It considers demographic characteristics such as age, income, gender, ethnicity, profession, and level of education.
    What is marketing segmentation?Marketing segmentation means breaking down your target into smaller groups with common needs and characteristics, then creating marketing messages that address the needs of each of these groups. A lot of information about these common needs and characteristics can be collected using online survey software and customer activity data.
    What are some examples of demographic segmentation?Demographic segmentation includes age, gender, nationality, education level, family size, occupation, income, etc. A company that sells luxury cars might look for customers with a certain income, age, or job. For example, they might make ads for older, wealthy people who are likely to be interested in luxury cars.
    What are the different types of customer segmentation?There are four broad types of customer segmentation. These can be further subdivided into as categories as you like but always use the following classifications as a guide. Demographic segmentation is the simplest and by extension the most widely used type of market segmentation.
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