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Communication and offers are customized for segment-specific attributes.
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Customer Segmentation
Can your organization benefit from customer segmentation?
When done right, this customer-centric approach can deliver significant rewards to your company.
Segmentation involves grouping customers, prospect, or markets into homogenous categories based on certain characteristic like attitude, motivation, demographics or behavior. Communication and offers are then customized for segment-specific attributes. A great concept and certainly appropriate in some cases. Unfortunately, segmentation is poorly understood and often misused.
In our experience, successful adoption of segmentation involves fundamental organizational and operational changes that many companies find challenging. But, when done properly, the benefits outweigh the challenges. We will walk you through all the potential benefits - and pitfalls - associated with segmentation so we can determine together if this customer-centric approach can benefit your organization.
Metrics Marketing develops segmentation schemes for clients based on:
Motivations and attitudes
Behavior: value contribution, product usage, tenure, etc.
Demographics
Market
Segmentation techniques include:
Cluster modeling
Neural network modeling
Rules based segmentation
To see if customer segmentation can benefit your marketing efforts, please contact
Dan Rose
, Partner, Metrics Marketing at 440-471-6015 or 877-332-9222, X115.