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What is Segmentation Targeting and Positioning in a Marketing Plan?

What is Segmentation Targeting and Positioning in a Marketing Plan?

As marketers, we all know the importance of marketing to the right audience, but what is segmentation targeting and positioning in a marketing plan, and why do we need it? Target market segmentation and positioning is a crucial element of a well-crafted marketing plan, involving the process of dividing a broad target market into distinct and manageable segments based on shared characteristics, needs, and preferences. 

Segmentation targeting and positioning allow businesses to identify specific customer groups that are most likely to be interested in their products or services, enabling tailored marketing strategies that resonate with these segments. 

By understanding the importance, benefits, and methods of effective segmentation, you can position and refine your marketing efforts, deliver personalized messages, and maximize the impact of your marketing activities. Continue reading to discover the process of crafting a target market segmentation plan tailored to your business, along with a real-world market segmentation targeting and positioning example.

 

How to Write A Segmentation Targeting and Positioning Plan

Segmentation targeting and position can help you identify and understand your target audience. You can tailor your marketing strategies and messages to resonate with the right customers, driving engagement, conversions, and business growth. 

To develop an effective segmentation plan, businesses need to gather comprehensive market research data, identifying specific characteristics and preferences of their potential customers. By segmenting the market based on demographic, psychographic, and behavioral factors, businesses can pinpoint groups of consumers with similar traits who are most likely to be interested in their products or services and market to them accordingly.

The number of target segments a company should have depends on various factors, including the size and diversity of the market, the company's resources, and marketing objectives. There is no fixed rule for the ideal number of target segments, as it can vary from one company to another. However, businesses typically have anywhere from 6-8 target segments.

Market Segmentation Targeting and Positioning Example

This market segmentation targeting and positioning example demonstrates various segments for a company, including the demographics, psychographic, and behavioral characteristics their different segments may exhibit. When creating your own target market segmentation, tailor your inputs to your industry, products, and services.

"Segment 1: Professionals in the [industry]
  • Demographics: Male and female professionals aged 25-40
  • Psychographics: Ambitious, career-driven individuals seeking efficiency and productivity tools.
  • Behaviors: Actively involved in their respective industries, tech-savvy, and open to adopting innovative solutions.
Segment 2: Small Business Owners/Entrepreneurs
  • Demographics: Small business owners and entrepreneurs across various industries
  • Psychographics: Goal-oriented individuals seeking cost-effective and reliable tools to enhance their operations.
  • Behaviors: Seeking scalable solutions that streamline processes, increase productivity, and support business growth.
Segment 3: Students and Educational Institutions
  • Demographics: Students of higher education institutions, including universities and vocational schools.
  • Psychographics: Goal-driven, knowledge-seeking individuals who value tools that aid learning, organization, and collaboration.
  • Behaviors: Actively engage in research, projects, and group work that require adequate planning and information management.
Segment 4: Health and Wellness Enthusiasts
  • Demographics: Health-conscious individuals of various age groups.
  • Psychographics: Individuals who prioritize self-care, fitness, and healthy lifestyles, seeking tools to track progress and maintain a balanced life.
  • Behaviors: Regularly exercise, follow specific dietary plans, and actively participate in health-related communities.
Segment 5: Frequent Travelers
  • Demographics: Travel enthusiasts, business travelers, and digital nomads.
  • Psychographics: Adventure-seeking individuals who value convenience, organization, and mobility in their travel experiences.
  • Behaviors: Travel frequently for leisure or work, requiring tools that assist in itinerary planning, expense tracking, and on-the-go productivity.

By segmenting the target market into these distinct groups, [Company Name] can tailor our marketing strategies, messaging, and promotional activities to address each segment's specific needs and preferences. This approach ensures that the marketing efforts resonate with the target audience, increase engagement, and maximize the potential for conversion and long-term customer loyalty."

 

Download the Target Market Segmentation Template

Ready to kickstart your marketing planning process and create a roadmap for success? We’ve answered the question, “What is segmentation targeting and positioning in marketing?”. Now it’s time for you to apply this to your own company! Download our free Create a Marketing Plan template! This customizable template will guide you through the essential components of a comprehensive marketing plan, including how to segment and position your audience to achieve optimal results. 

Don't miss out on this valuable resource – take the first step towards achieving your marketing goals by downloading our free template today!

what is segmentation targeting and positioning in marketing

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