Market Segmentation

Market Segmentation is the process of dividing a large umbrella market into segments that share similar behaviors, pain points, desires, and other data points. Market Segments are traditionally identified using four factors: the segment can be clearly identified; the segment is large enough; the segment is accessible for promotional purposes; the segment is an appropriate fit based on the goals and resources of the company. Market Segmentation strategies are usually based on behavioral, demographic, psychographic, geographic, technographic, and firmographic data.

In other words...

Separating your Skittles by color.

Back to Glossary
More From The Blog

The Guide to Becoming (or Hiring) a Demand Generation Specialist

The demand generation role is increasingly become a critical piece to marketing and sales success. See how to hire or get a role as a demand generation specialist now.

Matt Hogan
May 16, 2019

7 Steps to Set up a Successful Competitive Intelligence Process

Most companies don’t have a formal competitive intelligence process...which means you could get a leg up on them by simply setting up a successful competitive intelligence process at your company.

Matt Hogan
May 14, 2019

A Sales Team’s Guide to Competitive Intelligence

Deep dive into how sales teams can use competitive intelligence throughout the sales cycle to plan, prospect, and build relationships strategically.

Matt Hogan
April 30, 2019