Is everybody your target audience? No!
It is a natural instinct to want to target as many people as possible. However, by doing this your promotional strategy will never talk specifically to anyone, and you will most likely turn many potential customers off. More also your promotional budget will cost more.
it is important to segment your audience when running a sponsor ad or marketing campaign it helps to develop and deliver personalized and relevant content to engage with different audiences. Audience segmentation helps to tailor your products and service to the right people who are most likely to make a purchase.
Audience segmentation enables you to personalize your approach to meet every audience, through audience segmentation, personalized content can be sent to different groups and audiences.
What is audience segmentation?
According to contact pigeon blog, Audience segmentation is a subset of audience analysis, and it involves sorting your customers into various groups depending upon certain data points. It’s an acknowledgment that your target audiences are not homogeneous.
it’s a marketing strategy based on identifying subgroups within the target audience in order to deliver more tailored messaging for stronger connections. The subgroups can be based on demographics such as geographic location, gender identity, age, ethnicity, income, or level of formal education.
Importance of audience segmentation
Audience segmentation helps to tailor your marketing effort to the right set of people who are most likely to purchase your product and services. Segmenting your audience is important because it allows you to more accurately understand who your target audiences are, what your business goals should be, and how you should structure your marketing campaigns.
Audience segmentation allows you to create a highly focused campaign that will directly meet the needs and desires of a specific group. Each segment of your audience has very specific wants and needs, identifying segments of your audience helps you meet the need(s) of these groups, increase brand loyalty, customer retention, and the cost of your marketing campaign.
The first step in identifying your target audience is to understand what your products/services have to offer to people or businesses (benefit of your products or business).
Below are 5 common ways to segment your audience.
These include personal attributes such as age, gender, ethnicity, religion, marital status, education, occupation, social class, income, etc.
This is the process of segmenting your customers based on how they perform such as; how they behave, respond, and engage as well as their usage rate, readiness stage, and loyalty.
Measuring behaviors could be challenging, however, you can easily segment your audience based on; past clicks, views, the value of past purchases, time spent, and particular actions performed by specific user groups to name a few.
In this segmentation, you group your customers by geographical features such as region, nation, urban/rural, climate, population density, and neighborhood.
This segmentation refers to hobbies, entertainment, extracurricular, and other unprofessional activities. The key point is trying to find niches.
Determining which channels to reach your customers enables you to save time and money on your campaigns, in addition, to approach your customers relevantly.
You can generate other segments according to your own specific market. The key is your segments must contain similar consumers and distinctive elements that respond differently from each other in order to achieve effective results.
These are the common ways in which you can segment your audiences. Remember to drop your comment(s) and don’t forget to follow us on our social media @digprom.