How to Use Market Segmentation: Developing a Target Market

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  • เผยแพร่เมื่อ 3 ม.ค. 2025

ความคิดเห็น • 207

  • @Alanisbusinessacademy
    @Alanisbusinessacademy  10 ปีที่แล้ว +2

    Learn how to establish your target market through market segmentation in this lesson: buff.ly/1EHqsmn #AlanisBusiness

  • @coreyt.rogers9376
    @coreyt.rogers9376 8 ปีที่แล้ว +76

    I wonder if most of the viewers realize that this information is GOLD!

    • @imranahmed-gt8ct
      @imranahmed-gt8ct 4 ปีที่แล้ว

      Lovely info ! Please do a video on how to validate your idea or mvp

  • @waynejansenvanrensburg4069
    @waynejansenvanrensburg4069 3 ปีที่แล้ว +4

    Best segmentation video on TH-cam. So easy to understand.

    • @clickprofileimage
      @clickprofileimage 2 ปีที่แล้ว

      Do you need help with your assignments? Email me.

  • @alagupandie7422
    @alagupandie7422 3 ปีที่แล้ว +2

    Every unit is unique and has its own charm and market segment . You are the best person in the unit to define it . Heritage Dining , Market segment - Tourists . Kindly present your unit with its strength , where you foresee your property in next one year .

    • @clickprofileimage
      @clickprofileimage 2 ปีที่แล้ว

      Hello! Do you need help with your assignments? Email me.

  • @Alanisbusinessacademy
    @Alanisbusinessacademy  10 ปีที่แล้ว

    How do you define your target market? Discover how market segmentation can help you better describe your ideal customer. buff.ly/1GtrR0N

  • @vickiesteinhoff7425
    @vickiesteinhoff7425 10 ปีที่แล้ว +3

    thank you, I am a graduate student in NPO leadership and Management writing a paper and this video helped me understand the information better than the reading materials. Thank you for posting

    • @Alanisbusinessacademy
      @Alanisbusinessacademy  10 ปีที่แล้ว +1

      You're very welcome Vickie Steinhoff. Good luck writing your paper.

  • @_sunvsmoon
    @_sunvsmoon 2 ปีที่แล้ว +4

    These videos have been so helpful for me in really going beyond just basic understanding reading CLEP preparation books and flash cards.

  • @marzjaimani
    @marzjaimani 2 ปีที่แล้ว +2

    This video was sooooo helpful! Please continue to post business and finance content! This is soooo amazing!

  • @Alanisbusinessacademy
    @Alanisbusinessacademy  11 ปีที่แล้ว +2

    I'll give it a shot. Behavioral variables focus on how customers actually behavior towards products. These includes things such as usage rates, brand loyalty, or even the benefits that are being sought. With psychographic variables your focusing on things like lifestyle and interests, which tend to be good predictors of future purchasing behavior. For example, if I'm married with kids I may receive vacation offers or advertisements for mini-vans due to my lifestyle.

  • @voltairepabustan
    @voltairepabustan 3 ปีที่แล้ว +2

    PURE GOLD, Really outstanding👌

    • @clickprofileimage
      @clickprofileimage 2 ปีที่แล้ว

      Do you need help with your assignments? Email me.

  • @makky21
    @makky21 9 ปีที่แล้ว +7

    Your real-world examples are fantastic. THANK YOU!

    • @Alanisbusinessacademy
      @Alanisbusinessacademy  9 ปีที่แล้ว

      makky21 I'm glad that you liked the examples! Thanks for watching and please subscribe if you haven't already.

    • @pandorajack
      @pandorajack ปีที่แล้ว

      Until now, these examples are still useful 😆

  • @raychelleinjete4024
    @raychelleinjete4024 4 ปีที่แล้ว +1

    The best ever presentation on target market. Tks

    • @clickprofileimage
      @clickprofileimage 2 ปีที่แล้ว

      Do you need help with your assignments? Email me.

  • @ThabithaTefo
    @ThabithaTefo 2 ปีที่แล้ว

    Thanks for the Education, i watch most of your videos for my exam. so simple to understand.

  • @marcellogamberoni497
    @marcellogamberoni497 3 ปีที่แล้ว +1

    This is really really good content. Love the way it is explained and the presenter's voice is great

    • @clickprofileimage
      @clickprofileimage 2 ปีที่แล้ว

      Do you need help with your assignments? Email me.

  • @reggie42167
    @reggie42167 5 ปีที่แล้ว +4

    This is a great explanation of market segmentation. It cleared my mind on how to apply these different segmentation concepts. Thanks!

  • @veinbergalinda
    @veinbergalinda 9 ปีที่แล้ว +20

    Amazing presentation! You helped a lot for my exam preparation. Aiming for an A after this! ;)

    • @Alanisbusinessacademy
      @Alanisbusinessacademy  9 ปีที่แล้ว +1

      +Linda Veinberga Thank you! Good luck on your exam!

    • @spacemouse9559
      @spacemouse9559 4 ปีที่แล้ว

      @@Alanisbusinessacademy uhas awh Ty’s

  • @thapelothapelo6979
    @thapelothapelo6979 2 ปีที่แล้ว +1

    Simple yet powerful. Thank you

    • @clickprofileimage
      @clickprofileimage 2 ปีที่แล้ว

      Do you need help with your assignments? Email me.

  • @KicheeAndMe
    @KicheeAndMe 3 ปีที่แล้ว +1

    Thanks alot. This is very useful

    • @clickprofileimage
      @clickprofileimage 2 ปีที่แล้ว

      Do you need help with your assignments? Email me.

  • @1omondimoses
    @1omondimoses 3 ปีที่แล้ว +1

    Great wealth of information there, thank you from Nairobi Kenya 🇰🇪 2021

  • @Sanjeed
    @Sanjeed 4 ปีที่แล้ว +2

    Thanks for the clear and concise explanation!

    • @clickprofileimage
      @clickprofileimage 2 ปีที่แล้ว

      Do you need help with your assignments? Email me.

  • @Leslie.mp3
    @Leslie.mp3 4 ปีที่แล้ว +13

    Funny how I've been using TH-cam to look at cat videos for decades, yet ironically we could all be learning entire fields of study down to performing surgeries and could probably replace formal education altogether if used in a proper way.

  • @Alanisbusinessacademy
    @Alanisbusinessacademy  11 ปีที่แล้ว

    Glad I could help Harrison! Good luck with your consulting interview.
    I've received a couple of requests on the value chain so I may have to revisit that concept. Thanks for the suggestion.

  • @katiewright6058
    @katiewright6058 2 ปีที่แล้ว

    This was a perfect explanation thank you

  • @ruthfittz
    @ruthfittz 5 ปีที่แล้ว +1

    What an EXCELLENT Presentation!!! Helped a lot!!👊🏽👊🏽

  • @NeptuneDesign
    @NeptuneDesign 5 ปีที่แล้ว +1

    this is one of the best explainer videos

  • @mavischauke6724
    @mavischauke6724 4 ปีที่แล้ว +1

    Thanks I have learned more today. I do appreciate it it helps me get to know better about target market

  • @huntersabin8291
    @huntersabin8291 5 ปีที่แล้ว

    Learned more from this video than my textbook! Great video!

  • @Alanisbusinessacademy
    @Alanisbusinessacademy  11 ปีที่แล้ว

    You're very welcome. Good luck Pruthvi!

  • @magomedovamedeya9449
    @magomedovamedeya9449 10 ปีที่แล้ว +1

    GREAT LECTURE. THANK YOU SO MUCH. CAN'T GET ENOUGH OF IT

  • @brunalockerz
    @brunalockerz 6 ปีที่แล้ว

    Thank you so much for you time and for sharing your knowledge. I`m an International Business`s student and I`m watching videos to remember what I learned in college... Your videos are amazing. I`m learning and remembering so much. Thank you once more. :)

  • @clembo69
    @clembo69 10 ปีที่แล้ว

    Doing a case study on market segmentation and this video helped so much, you sir are my hero.

  • @markatingi8645
    @markatingi8645 4 หลายเดือนก่อน

    thanks for uploading helped me with my assignment.

  • @aleef-5833
    @aleef-5833 2 ปีที่แล้ว +1

    man you're the besttttttt. thanks a lot

  • @thfilmaker
    @thfilmaker 9 ปีที่แล้ว +4

    These video's were very help for me while I studied for my Marketing CLEP. I was wondering if you could upload a video on elasticity & inelasticity. Great job and please keep up the good work!

    • @Alanisbusinessacademy
      @Alanisbusinessacademy  9 ปีที่แล้ว

      thfilmaker Thank you! I do have a video available in price elasticity: th-cam.com/video/2WktyYcdA7o/w-d-xo.html. I hope you find it helpful and please subscribe if you haven't already. Thanks!

  • @Alanisbusinessacademy
    @Alanisbusinessacademy  11 ปีที่แล้ว

    You're welcome Shubhrans.

  • @binti990
    @binti990 11 ปีที่แล้ว

    Thnx a ton for the videos....they are a gr8 help fr me as i cannot devote much time to books, just by watching your videos i get a gr8 deal of help in the subject.
    thnx a lot.

  • @lndrkrpr
    @lndrkrpr 4 ปีที่แล้ว

    Awesome video!

  • @matthewdavies408
    @matthewdavies408 10 ปีที่แล้ว +1

    I dont normally comment, this was great! Thanks

    • @Alanisbusinessacademy
      @Alanisbusinessacademy  10 ปีที่แล้ว

      matthew davies Thank you for taking the time to share that matthew. Good luck in the future.

  • @arcanejj
    @arcanejj 3 ปีที่แล้ว

    thank you for this vid. it really helps with my entrepreneurship assignment report

  • @abhishekganotra1923
    @abhishekganotra1923 8 ปีที่แล้ว +1

    Thanks for explaining this .. :)
    Helped me prepare for an exam. You got one more like added.

    • @Alanisbusinessacademy
      @Alanisbusinessacademy  8 ปีที่แล้ว +1

      Glad I could help! Hope you did well on your exam!

    • @abhishekganotra1923
      @abhishekganotra1923 8 ปีที่แล้ว

      certainly did ... I got this exact question to which I replied exactly the same 😂

  • @Alanisbusinessacademy
    @Alanisbusinessacademy  11 ปีที่แล้ว

    You're welcome Ruchi.

  • @chryssoulable
    @chryssoulable 10 ปีที่แล้ว +2

    Thank you.You've got a great teaching style. :)

  • @lanster37
    @lanster37 7 ปีที่แล้ว

    Thank you for the vids. What a great vid recaps to watch. I love your voice! Very engaging. Keep up the great work.

  • @dedu98
    @dedu98 7 ปีที่แล้ว +2

    I love the way you explain things. So easy to understand! Thanks!

  • @alizangeneh7129
    @alizangeneh7129 8 ปีที่แล้ว +1

    Thank you! I found this very helpful and useful!

  • @siphesihlenala5731
    @siphesihlenala5731 3 ปีที่แล้ว

    Amazing video, thank you very much

  • @priscillaknight4678
    @priscillaknight4678 7 ปีที่แล้ว

    Great information and explanation! Your video really put things in perspective for me.

  • @mokauroots
    @mokauroots 9 ปีที่แล้ว +1

    Bro this is awesome! Really! Im gonna go premium. Thank you :)

  • @EspertoBusinessPlan
    @EspertoBusinessPlan 7 ปีที่แล้ว

    Grat video, simple but complete!

  • @xuhaofan5509
    @xuhaofan5509 10 ปีที่แล้ว +1

    thanx man, very specific and clear, just wat i need.

  • @harrisonokkay9903
    @harrisonokkay9903 11 ปีที่แล้ว

    subscribed!
    watched ur 4p's swot, porter 5, and a bunch more to help me prepare for my consulting interview
    your videos are the best :)
    could i request to do value chain next? on how to create value though its internal operations and processes? thank you again

  • @WilliamCooney-l2v
    @WilliamCooney-l2v 11 ปีที่แล้ว

    Great Video! have a 15 min presentation due on market segmentation and this left me so much more to discuss than just basic segmentation on income, ethnicity, and education. It's funny how you do not even have to be face to face to teach better than some of my professors who just ramble on and on.

    • @Alanisbusinessacademy
      @Alanisbusinessacademy  11 ปีที่แล้ว

      Thanks William! I'm glad that I could help. Good luck with your presentation.

  • @PadraigOCallaghan
    @PadraigOCallaghan 9 ปีที่แล้ว +1

    Thanks for the video it really helped explain things.

  • @patricethomas4132
    @patricethomas4132 11 ปีที่แล้ว

    Great explanation and examples. I really grasped what each segment is used for.
    Thanks!

  • @aishamohamed4682
    @aishamohamed4682 5 ปีที่แล้ว

    Very educative. Thank you!

  • @merindaramage9292
    @merindaramage9292 9 ปีที่แล้ว +1

    Great video- quick question what program do you use to make your videos? It was a new and interesting way to learn fro me.How can you write your notes and record your voice and then upload as a video? thanks :)

    • @Alanisbusinessacademy
      @Alanisbusinessacademy  9 ปีที่แล้ว +3

      ***** Thank you Merinda! I'm using Screenflow to capture the recording, Sketchbook Express to display the writing, and a Wacom Bamboo Tablet to perform the writing. Altogether probably around $220 worth of equipment/software.
      I have an entire course on Udemy that teaches students how to create videos exactly like this one. If you're interested, I've posted a link here: bit.ly/1CQXEJl
      Thanks for watching!

  • @marijndejong3548
    @marijndejong3548 10 ปีที่แล้ว +1

    Thank you a lot, now studying International Business Studies my Unit 3 is about segmentation. And I didn't know any thing about that, now I understand.

    • @Alanisbusinessacademy
      @Alanisbusinessacademy  10 ปีที่แล้ว +1

      Marijn de Jong Glad I could help! Good luck studying international business!

  • @ladiakinbobola1940
    @ladiakinbobola1940 9 ปีที่แล้ว +4

    Good presentation but I still need some clarification. Regarding the target market, do u select one of the segments (i.e geographic, demographics etc) as your target market or do you select a target market with a combination of characteristic/variables that fall under all the segments if necessary. E.g Target Market being : A male (gender) of 35 yrs and above (age) living in Florida (location) with an annual income of $50,000 (income) who loves going on boat cruises (lifestyle). As you can see, the target market is a combination of gender (demographic) + age (demographic) + location (geographic) + income (demographic) + lifestyle (psychographic). Am I making any sense?

    • @Alanisbusinessacademy
      @Alanisbusinessacademy  9 ปีที่แล้ว +2

      +Ladi Akinbobola I think I understand what you're saying. There's this interesting dynamic with developing a solid target market. On one hand you want to develop a narrow enough market so that you can develop more interested products for those individuals. On the other hand, you can't over-segment the market to where not enough people are included in your market. This will of course affect profitability. To answer your question more specifically, you're welcome to use any combination of characteristics as long as your customer shares those characteristics. Hope this helps!

  • @mrmickeyqtg
    @mrmickeyqtg 10 ปีที่แล้ว

    this is wonderful. it helped me to help my students better understand the concept..thanks, I appreciate it! students should watch this.

    • @Alanisbusinessacademy
      @Alanisbusinessacademy  10 ปีที่แล้ว

      Glad to hear it was helpful! Thanks for watching, and the kind comment.

  • @williamcampbell2001
    @williamcampbell2001 7 ปีที่แล้ว

    Great work! Well done thanks!! Keep it up bro

  • @ImRajja
    @ImRajja 10 ปีที่แล้ว +1

    Im building my business plan. Your video helped me lot. Thanks.

  • @PhuongPhan-of5mn
    @PhuongPhan-of5mn 2 ปีที่แล้ว

    very helpful, thank you

  • @dakotababyxx
    @dakotababyxx 10 ปีที่แล้ว +1

    thank you this was so helpful!!

  • @renyujin8077
    @renyujin8077 10 ปีที่แล้ว +1

    ohhh what a good lecture! Your videos helped me a lot!! Thank you so much!! Hope i can get good score next week! ^^

    • @Alanisbusinessacademy
      @Alanisbusinessacademy  10 ปีที่แล้ว

      Glad I could help Renyu Jin! Good luck on your exam next week. Let us know how it goes.

  • @PeroduaSabah
    @PeroduaSabah 10 ปีที่แล้ว +3

    Best explanation, thanks

  • @Alanisbusinessacademy
    @Alanisbusinessacademy  11 ปีที่แล้ว

    You're welcome!

  • @mohamedahmed890
    @mohamedahmed890 11 ปีที่แล้ว +4

    great one its simple and easy but if it had more examples it will wonderful

    • @Alanisbusinessacademy
      @Alanisbusinessacademy  11 ปีที่แล้ว +1

      Thanks Mohamed. I agree that more examples are always better.

  • @jkylefx7182
    @jkylefx7182 5 ปีที่แล้ว +1

    Awesome...very detail information.

  • @95atomic95
    @95atomic95 9 ปีที่แล้ว +1

    Your video help my so much,thank you a lot !!!

  • @fiach999
    @fiach999 10 ปีที่แล้ว +1

    Hey man these tutorials really helped me coming up to exam time , any chance you do do one on consumer behaviour and seo for a company website ,

    • @Alanisbusinessacademy
      @Alanisbusinessacademy  10 ปีที่แล้ว

      fiach999 Thank you very much. The closest video to consumer behavior is the consumer buying process, which is episode 102. Good luck!

  • @nilsmarkusrye5889
    @nilsmarkusrye5889 2 ปีที่แล้ว

    Great presentation! I was wondering how i could use this in for example when my product is frozen pizza. Everybody likes that right....

  • @sixpence319
    @sixpence319 10 ปีที่แล้ว +3

    Can you do another video please to see how market STP (Segmentation, Targeting and Positioning) is all integrated into one. And another are of the 4C's. Thanks in advance. Your videos are excellent. I think you did an excellent job especially when it's coming from someone (me) who knows almost to nothing about marketing. Thanks. Ciao!

  • @josiedesir8712
    @josiedesir8712 4 ปีที่แล้ว

    Is this part of the clep test multiple choice also

  • @mokubebatholomew2872
    @mokubebatholomew2872 6 ปีที่แล้ว

    Very helpful thanks keep up the good work

  • @GarryBryant1
    @GarryBryant1 10 ปีที่แล้ว +1

    Thank you I enjoyed your presentation.

  • @ifeomaiwuno9941
    @ifeomaiwuno9941 2 ปีที่แล้ว

    Thank you, but how do I use market segmentation to get my main target market for poultry business.

  • @ayibadoubraalamene1006
    @ayibadoubraalamene1006 2 หลายเดือนก่อน

    Brilliant thanks

  • @brucelee8356
    @brucelee8356 10 ปีที่แล้ว

    very clear explanation, thank you:)

    • @Alanisbusinessacademy
      @Alanisbusinessacademy  10 ปีที่แล้ว

      Habibullo Yusupov You're very welcome! Thanks for watching.

  • @5042DaMeatShoww
    @5042DaMeatShoww 7 ปีที่แล้ว

    Great Content!

  • @torro6050
    @torro6050 11 ปีที่แล้ว

    great stuff. Thanks for posting these videos :)

  • @kaosyezeani796
    @kaosyezeani796 11 ปีที่แล้ว

    This helped me a lot, God bless!

  • @nsondohamulondo3308
    @nsondohamulondo3308 6 ปีที่แล้ว

    Good presentation

  • @dawneabdulal-bari9313
    @dawneabdulal-bari9313 5 ปีที่แล้ว

    Excellent! Thanks !

  • @studyaccount5479
    @studyaccount5479 6 ปีที่แล้ว

    really helped and interesting thanks

  • @sulimanelzoway707
    @sulimanelzoway707 11 ปีที่แล้ว

    nice lecture, i like management and i hope someday study it

    • @Alanisbusinessacademy
      @Alanisbusinessacademy  11 ปีที่แล้ว

      I appreciate that. Management is a very interesting topic. Good luck with your studies.

  • @janakrige7533
    @janakrige7533 4 ปีที่แล้ว

    Great voice!

  • @chiragpatil8755
    @chiragpatil8755 11 ปีที่แล้ว

    thanks a lots...examples given by are very practical and understanding...

  • @AshishMadkaikar_starman
    @AshishMadkaikar_starman 10 ปีที่แล้ว +2

    very nice, subscribed and shared - thank you so much.

  • @tricialynch966
    @tricialynch966 5 ปีที่แล้ว

    This information is very useful thank you.

  • @graceting6947
    @graceting6947 10 ปีที่แล้ว +1

    Thank you! Your video is really useful. I was wondering what is the geodemogrphic segmentation? Could you explain it, thanks!:)

  • @cimpo327
    @cimpo327 3 ปีที่แล้ว

    Hey, to sum up is the market segmentation a key to efficiency?

    • @clickprofileimage
      @clickprofileimage 2 ปีที่แล้ว

      Hi! Do you need help with your assignments? Email me.

  • @corintheankeen8386
    @corintheankeen8386 9 ปีที่แล้ว +1

    Great way to simplify the concept.

  • @farazali6086
    @farazali6086 5 ปีที่แล้ว

    thanks alot your video helped me alot

  • @tausifmulla3303
    @tausifmulla3303 7 ปีที่แล้ว

    I am a marketing lecturer and I like the way you explain the concepts. May I know what software do you use to make these videos? And do you use Apple Pencil for writing these notes?

  • @maggiesaidi7958
    @maggiesaidi7958 4 ปีที่แล้ว

    Thank you so much

  • @joshuahobson-lane997
    @joshuahobson-lane997 5 ปีที่แล้ว

    Do you have any videos or can recommend any for customer segments ?

  • @a.r.k.r.7635
    @a.r.k.r.7635 ปีที่แล้ว

    nice drawings and writing.

  • @sushantbajpai4842
    @sushantbajpai4842 3 ปีที่แล้ว +1

    Wow

    • @clickprofileimage
      @clickprofileimage 2 ปีที่แล้ว

      Do you need help with your assignments? Email me.

  • @kiyokodate9878
    @kiyokodate9878 4 ปีที่แล้ว

    How can we find a number or at least an estimate for the total market and the percentage of each niche segmentation?

  • @sergeidimitrov7058
    @sergeidimitrov7058 7 ปีที่แล้ว

    Incredible!!!!!