# Chapter 5: Target Markets 目标人群是根据需求划分的、选择目标人群、满足目标的需求 ## 5.1 Targeted Marketing versus Mass Marketing - **Mass Marketing:** Trying to appeal to *everyone*, like selling plain bubble tea to anyone who walks by. - **Benefit:** You reach a lot of people. - **Target Marketing:** Focusing on specific groups of people, like teens or office workers. - **Benefit:** More personalized, making customers feel valued. ## \*5.2 How Markets Are Segmented ### 5.2.0 Definitions *Market Segmentation* is the process of **dividing a broad market into smaller**, more defined **groups of consumers** with **similar characteristics, needs, or behaviors**. ### 5.2.1 Key Segmentation Bases - **Geographic**: Dividing the market by location (e.g., city, region, country). - **Demographic**: Based on age, gender, income, occupation, etc. - **Psycho-graphic**: Based on lifestyle, values, interests, or attitudes. - **Behavioral**: Focused on consumer behavior (e.g., usage, purchasing habits, loyalty). ### 5.2.2 Why segment markets? - **Improves Customer Targeting**: Tailoring products and marketing strategies to meet specific customer needs. - **Efficient Resource Allocation**: Helps companies spend time and money only on target groups. - **Increases Customer Satisfaction and Loyalty**: Meeting specific needs leads to happier customers. ## 5.3 Selecting Target Markets and Target Market Strategies ### 5.3.0 Definitions - **Differentiation:** Offering **something unique** that sets your product apart from competitors. - **Positioning:** The way a product is defined by consumers on **key attributes**. ### 5.3.1 **Key Steps** in Differentiation and Positioning Strategy 1. Identify possible **competitive advantages**. 2. Choose the **right competitive advantages**. 3. Select an overall positioning **strategy**. 4. **Communicate and sustain** the chosen position. ### \*5.3.2 Competitive Advantage *Competitive Advantage* is an edge gained by **offering greater value** through either: - **Competitive Advantage**: **Lower prices**, OR **Better benefits** that justify higher prices. - **Key Differentiation Areas: ** Product, Services, Channels, People, or Image. A good **difference to promote** must be: - **Important**: Solves a key problem. - **Distinctive**: Stands out. - **Superior**: Better than competitors. - **Communicable**: Easy to explain. - **Preemptive**: Hard to copy. - **Affordable**: Accessible to customers. - **Profitable**: Brings long-term gains. ### 5.3.3 Positioning Strategies *Proposition* is the mix of **benefits** a brand uses to **differentiate itself**. A **positioning statement** summarizes the company or brand’s position. ## 5.4 Positioning and Repositioning Offerings ### 5.4.0 Definitions - **Positioning** is how people think about a product compared to other similar products. It helps a product stand out and look special to customers. - **Repositioning** is changing how people think about a product. Companies do this to **attract new customers or fit changing needs**. ### 5.4.1 Key Steps 1. **Analyze the Market** Identify key attributes (e.g., price and quality) that customers care about. 2. **Create a Perceptual Map** Plot competitors and locate gaps in the market. 3. **Develop a Product Strategy** Position a new product to fill the market gap. Write a catchy tag line that highlights its unique position. 是个例子 ![图片](./assets/%E5%9B%BE%E7%89%87.png)