{"id":4976,"date":"2020-06-08T01:54:43","date_gmt":"2020-06-08T01:54:43","guid":{"rendered":"https:\/\/course.oeru.org\/pmkt101\/?page_id=4976"},"modified":"2020-06-08T01:54:43","modified_gmt":"2020-06-08T01:54:43","slug":"segmenting-markets-and-targeting-audiences","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/pmkt101\/learning-pathways\/market-segmentation-target-markets-and-product-positioning\/segmenting-markets-and-targeting-audiences\/","title":{"rendered":"Segmenting markets and targeting audiences"},"content":{"rendered":"<div id=\"content\" class=\"mw-body container\" role=\"main\">\n<div class=\"row\">\n<div class=\"col-md-12\">\n<div class=\"panel\">\n<div class=\"panel-body\">\n<div id=\"bodyContent\">\n<div id=\"mw-content-text\" lang=\"en\" dir=\"ltr\" class=\"mw-content-ltr\">\n<div class=\"thumb tright\">\n<div class=\"thumbinner thumbnail\" style=\"width:302px;\"><a href=\"https:\/\/wikieducator.org\/File:Charts_SVG_Example_5_-_Simple_Pie_Chart.svg\" class=\"image\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"\/\/wikieducator.org\/images\/thumb\/f\/ff\/Charts_SVG_Example_5_-_Simple_Pie_Chart.svg\/300px-Charts_SVG_Example_5_-_Simple_Pie_Chart.svg.png\" width=\"300\" height=\"229\" class=\"thumbimage img-responsive\"><\/a>  <\/p>\n<div class=\"thumbcaption\">Segments<\/div>\n<\/div>\n<\/div>\n<table class=\"cquote\" style=\"margin:auto; border-collapse: collapse; border: none; background-color: transparent; width: auto;\">\n<tbody>\n<tr>\n<td width=\"20\" valign=\"top\" style=\"border:none; color:#B2B7F2;font-size:35px;font-family: 'Times New Roman', serif; font-weight: bold; text-align: left; padding: 10px 10px;\"> \u201c\n<\/td>\n<td valign=\"top\" style=\"border: none; padding: 4px 10px;\"> Suppose you have an idea for a great new offering you hope will become a hot seller. Before you quit your day job, you\u2019ll need to ask yourself, \u201cDoes my idea satisfy consumers\u2019 needs and add value to existing products?\u201d \u201cWho\u2019s going to buy my product?\u201d and \u201cWill there be enough of these people to make it worth my while?\u201d\n<\/td>\n<td width=\"20\" valign=\"bottom\" style=\"border: none; color: #B2B7F2; font-size: 35px; font-family: 'Times New Roman', serif; font-weight: bold; text-align: right; padding: 10px 10px;\"> \u201d\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"cquotecite\" style=\"border: none; padding-right: 4%\">\n<p style=\"font-size: smaller; text-align: right;\"><cite style=\"font-style: normal;\">\u2014Saylor, Chapter 5<\/cite><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><br style=\"clear:both;\">\n<\/p>\n<div class=\"panel iDevice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"reading\" src=\"https:\/\/course.oeru.org\/pmkt101\/wp-content\/themes\/oeru_course\/idevices\/Icon_reading.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Segmenting and targeting your markets<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<ol>\n<li> Read these extracts from our two textbooks:\n<ul>\n<li> <a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/saylordotorg.github.io\/text_principles-of-marketing-v2.0\/s08-01-targeted-marketing-versus-mass.html\">Targeted marketing versus mass marketing<\/a> from Saylor&#8217;s <i>Principles of Marketing<\/i>\n<ul>\n<li> This section explains the difference between mass marketing and targeted marketing and why many companies engage in targeted marketing today.\n<\/li>\n<\/ul>\n<\/li>\n<li> <a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/saylordotorg.github.io\/text_principles-of-marketing-v2.0\/s08-02-how-markets-are-segmented.html\">How markets are segmented<\/a> from Saylor&#8217;s <i>Principles of Marketing<\/i>\n<ul>\n<li> This section shares strategies for segmenting a market.\n<\/li>\n<\/ul>\n<\/li>\n<li> <a href=\"https:\/\/wikieducator.org\/images\/0\/03\/The_segmented_market.pdf\" class=\"internal\" title=\"The segmented market.pdf\">The Segmented Market (p.45-64) (pdf)<\/a> from John Burnett&#8217;s <i>Core Concepts of Marketing<\/i>\n<ul>\n<li> This extract also looks at segmenting strategies.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li> Post a WEnote to share your thoughts about the importance of Market Segmentation and targeting, and read the posts from others on the Course Feed page. For example:\n<ul>\n<li> <i>Targeted marketing has the benefit of &#8230;<\/i>\n<\/li>\n<li> <i>Segmenting the market enables &#8230;<\/i>\n<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<p><div><p>You must be logged in to post to WEnotes.<\/p><\/div><\/p>\n<p><i>Note: Your comment will be displayed in the <a href=\"\/pmkt101\/interactions\/course-feed\" title=\"Principles of marketing\/PMKT101\/Feed\">course feed<\/a>.<\/i>\n<\/p>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<p><!-- \nNewPP limit report\nCPU time usage: 0.134 seconds\nReal time usage: 1.325 seconds\nPreprocessor visited node count: 179\/1000000\nPreprocessor generated node count: 1254\/1000000\nPost\u2010expand include size: 5627\/2097152 bytes\nTemplate argument size: 2961\/2097152 bytes\nHighest expansion depth: 7\/40\nExpensive parser function count: 0\/100\n--><\/p>\n<p><!-- Saved in parser cache with key we_en-mw_:pcache:idhash:175726-0!*!0!*!*!2!* and timestamp 20200608015439 and revision id 1069082\n -->\n<\/div>\n<div class=\"visualClear\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-md-12\">\n<ul class=\"pager\">\n<li class=\"previous\">\n            <a href=\"\/pmkt101\/learning-pathways\/market-segmentation-target-markets-and-product-positioning\/video-signpost-segmenting-markets\">\u2190 Previous<\/a>\n          <\/li>\n<li class=\"next\">\n            <a href=\"\/pmkt101\/learning-pathways\/market-segmentation-target-markets-and-product-positioning\/targeting\">Next \u2192<\/a>\n          <\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/div>\n<footer>\n<br \/>\n<\/footer>\n","protected":false},"excerpt":{"rendered":"<p>Segments \u201c Suppose you have an idea for a great new offering you hope will become a hot seller. Before you quit your day job, you\u2019ll need to ask yourself, \u201cDoes my idea satisfy consumers\u2019 needs and add value to existing products?\u201d \u201cWho\u2019s going to buy my product?\u201d and \u201cWill there be enough of these [&hellip;]<\/p>\n","protected":false},"author":790,"featured_media":0,"parent":4970,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-4976","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/course.oeru.org\/pmkt101\/wp-json\/wp\/v2\/pages\/4976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/course.oeru.org\/pmkt101\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/course.oeru.org\/pmkt101\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/pmkt101\/wp-json\/wp\/v2\/users\/790"}],"replies":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/pmkt101\/wp-json\/wp\/v2\/comments?post=4976"}],"version-history":[{"count":1,"href":"https:\/\/course.oeru.org\/pmkt101\/wp-json\/wp\/v2\/pages\/4976\/revisions"}],"predecessor-version":[{"id":4977,"href":"https:\/\/course.oeru.org\/pmkt101\/wp-json\/wp\/v2\/pages\/4976\/revisions\/4977"}],"up":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/pmkt101\/wp-json\/wp\/v2\/pages\/4970"}],"wp:attachment":[{"href":"https:\/\/course.oeru.org\/pmkt101\/wp-json\/wp\/v2\/media?parent=4976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}