Tag Archives: segmentation

Top 2012 New Year’s Resolution Among Market Researchers…

…Segmentation, of course!

If you’re like many clients these days, you are increasingly focused on identifying which physicians and patients are most valuable and on developing strategies to target them. In fact, a quick look at Google Trends reveals that interest in segmentation soars in Q1 and Q4:

At FCG we understand the importance of identifying both the rational benefits that the product should convey and the emotional hooks to engage and motivate target segments.

Ask Sig: Postal Service and Desserts…


Q. Dear Sig,

I’ve heard of techniques that appear to offer both psychological richness and easy identification of segments, but the reality is we are always forced to choose. Isn’t there a solution that is truly psychologically insightful AND targetable?
Sincerely,
Ambivalent in Arizona

A.  Dear Ambivalent,

This is the classic conundrum, no? Recalling a darker proverb of my childhood, Wenn Sie zwei Hasen jagen, werden Sie am Ende weder mit (if you chase two hares, you will end up with neither.) This, indeed,  is the justification used by many purveyors of standardtechniken, off-the-shelf segmentation solutions based on pre-identified characteristics.

Of course, neighborhood and zip-code based groupings are not perfect.  Let me tell you why. My letter carrier, Henri, is well known for his love of dogs and strudel, and general bonhomie; he delights in trying new sensual pleasures, particularly desserts. His closest neighbor is Fritz and although he is similarly situated economically, he could not be more different.  Fritz is a malcontent who rejects all pleasures of the senses and has been known to kick small dogs that get too close to him when he marches down the Schottenring.  A marketer who sought to advertise to both Henri and Fritz using the same messaging based on their addresses would clearly miss the mark!

However, combining an attitudinal segmentation with secondary data would provide a more accurate grouping of Henri, Fritz, and many more neighbors – giving you both rich insight and targetability. Take heart, dear reader, you may have your cremeschnitten and eat them too.

Best regards,

 

 

Which Way Should I go? Making Tough Choices in Segmentation

By Bill Spera,  Senior Project Manager

Most would agree that the benefits of market segmentation are many. By identifying opportunity targets within the marketplace, understanding the rules of success with these targets, and building strategies to execute against these targets, companies can hone resources to maximize success.

SO MANY CHOICES… SO LITTLE TIME…

Although the benefits are great, the path to actionable segments varies based on the end goal. There are a great variety of segmentation types – all involving different inputs and ultimately providing different results.

THE BASIC SEGMENTATION WORLD

At the pure identifiability end of the continuum falls the variety of more basic segmentation techniques, usually based on census tract demographics. All that’s  needed to identify these folks is their addresses or 9-digit zip codes. These techniques are superb at targeting at a demographic level, but often include little to no attitudinal differentiation.

Merging Need States and Occasion Segmentations


Q.  Dear Sigmund,
Our marketing team plans to consider occasion segmentation – or “need states” – in the marketing of our product. Is there a way to know if it is smarter to market to an occasion’s situational dynamics or the consumer’s emotional desires within a need state?

Sincerely,
Pulled in Two Directions

 

A.   Clever reader, we are less pulled in two directions as bringing together pieces of a puzzle. This is an insightful question that reminds me of my letter carrier, Henri, who delivered your letter to me on his current route.
As a courier, Henri once possessed a typical distaste for dogs, and not unjustly so. Early in his career, he was bitten. Based on this detest for canines as well as his famous love for strudel, Henri managed to have his courier route moved to Replankment Strasse, away from a number of hounds with whom he’d developed poor relationships, and near Bäckerei Bereifen, a pastry shop that everyone highly recommended.