1180226-Basics of Marketing STP FB EB
1180226-Basics of Marketing STP FB EB
Marketing
STP T
TARGETING
Why effective
o Focuses on breaking your customer base into smaller groups Evaluate & Select Target Segments
o Allow to develop very specific marketing strategies Determine Which TG to focus on & Which TG will contribute to
revenue
Yo u R e a c h & E n g a g e
E a c h Ta r g e t A u d i e n c e
S
SEGMENTATION
P
POSITIONING
Identify – How To Position to said TG
Examine 3 Elements – Functional,
Symbolic & Experiential
Several Positioning Strategy
1. Demographic SEGMENTATION (what)
1.Category-based positioning – Better than the existing solutions on the market
Age, Gender, Income, Family Status, Occupation, Marital Status, Religion
2.Consumer-based positioning – Offering with the TG behavioral parameters
2. Geographic segmentation (where) 3.Competitor-based positioning – Straightforward
3. Geo-demographic segmentation 4.Benefit-based positioning – Benefits to Customers
4. Behavioral segmentation(how) 5.Price-based positioning – Value for the money
It is based on lifestyle (habits, attitude, traits) need-based, customer loyalty 6.Attribute-based positioning – USP
5. Psychographic (who) 7.Prestige-based positioning – Certain boost in status to those who purchase
based on personality traits, beliefs, values, attitude, interest, etc. Direction One Consulting
Functional
Benefits
9 Zones
Expanded To
50 FB
8 Zones
Expanded To
31 EB
Hassle Free
Simplifies Your Life
Saves Time
Quality
Works Better
How it is Made
Reliable
Stay in control
Trust
Feel Liked Informed
Happy Curious for Knowledge
Smarter
Direction One Consulting