When marketing, you need to know what the right marketing channel is. That way, you can optimize what audiences and new customers you reach. In 2021, it’s all about new heights in digital marketing.
There is one important step you may be missing though: understanding your market segments.
Learning about market segmentation can not only help you grow your business, but it will also help you connect better with your customers and their needs. Keep reading to learn more about market segments!
What Is Marketing Segmentation?
Marketing segmentation is a way to create more specific audience targets. You divide your market into sections or segments. Doing this can help you meet your target marketing goals of outreach.
It also helps evolve market research regarding market segmentation. This is important work as trends evolve in digital marketing.
The Different Kinds of Market Segmentation
Market segmentation is of various different kinds. Take a peek below to decide which kind of market segments would work best for you and your Gaming Digital Marketing Services.
With this kind of market segment, you create sections of a demographic. You can segment based on any number of the following:
- sexual orientation
- income level
- how much education someone has
There are other factors within demographics you could single out as well for your market segmentation.
Segmented by Geography
You can also do geography segmentation for your market segments. This kind of segmentation works solely on an audience’s geographic location.
If you are trying to market toward people in the United Arab Emirates, then it wouldn’t make sense to use the same marketing techniques that you would for audiences in Australia.
Segmented by Needs and Values
You can also do market segmentation based on an audience’s needs, in addition to an audience’s values. These are two different approaches.
For needs-based marketing, you focus on a segment of the population that needs the product or services you’re marketing. Then, your marketing caters to them specifically.
When it comes to values-based marketing, you honing in on a market segment based on someone’s economic worth. From there, you can divide your segments into subsections based on someone’s economic income tier as well.
Segmented by… Behavior?
That’s right: you can even focus your marketing techniques on segmenting toward a population of people based on their behaviors while shopping online.
These are further broken down into sub-segments in digital marketing, such as:
- how loyal the audience is to your products/services
- how often the audience uses your products/services already
- if the audience is purchasing for a specific event
- what benefits the audience thinks they can receive
With these, you can hone in on different focus groups or market segments based on their buying behavior.
Keep Learning About Market Segments
Market segments are one great way to get a leg up in the digital marketing world. That said, there is always more to learn about it.
If you want to learn more about marketing for your music and hobbies, check out the rest of our website!