Market Segmentation: One Size Doesn't Fit All

You can’t be all things to all people.each industry you sell to have its own unique
Never was this statement more true than whenreason for needing your services or products? Do
creating an effective online marketing campaign.you sell to businesses that are different sizes, or
We all know the numbers. Millions of people usein various phases of development (start-up,
search engines every day, for just about everyemerging, mature)? Or do you sell to individuals
kind of service, product or business imaginable.who are married, single, parents, or teenagers?
What we often forget, however, is that differentTaking the time to segment your consumer
people search for the same things, justallows you to create messages that speak to the
differently. While it’s not possible to create apsyche of each potential buyer.
completely unique message for each and every2. Understand your customers’ needs. Once
person out there, it does make good businessyou’ve taken the time to understand the
sense to segment your potential clients orvarious market segments that need your service
customers, and create campaigns that speak toor product, you can then take it one step further.
each segment.Think about what it is they are looking for when
Market segmentation, simply put, is the processthey conduct a search. A parent looking for a
of dividing a market into distinct subsets thatused car for their teenager may search for
behave in the same way or have similar needs.“cars with high safety ratings”, while a
Once you identify these similar groups of potentialteenager looking for a used car may search for
customers, understand their behavior and why“inexpensive used cars”. If you’re an
how they need what you’re offering, you canauto dealer, you want to make sure to create an
then create a specific marketing message thatad for each of those searches, so the right ad
speaks directly to them.appears in front of the right person and speaks
Taking the time to first segment your potentialdirectly to their query.
market greatly improves the efficiency andOnce you’ve done these two things, you will
effectiveness of your online advertising. So,have successfully segmented your market and
where do you begin?created ads that speak to each. And, you’ll
1. Think about your business. Who are yourbe amazed at how greatly that can improve your
customers? Do you sell to other industries as wellreturn on investment.
as individuals (wholesale, retail, enterprise)? Does