What Are The Four Types Of Market Segmentation?
Market segmentation is splitting a broad market into smaller submarkets to target each of them differently and more effectively with your promotions and campaigns. Market segmentation is typically done by splitting a broad market into at least two segments and sometimes into four or even eight segments.
Segmentation helps you focus marketing efforts on specific groups of customers instead of trying to reach everyone with a one-size-fits-all message. In this article, we’ll cover the four main types of market segmentation in most industries: demographic, geographic, psychographic, and behavioral segmentation approaches.