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Chapter Questions. How can markets be segmented? How can a company best divide a market into segments? How should a company choose the most attractive target markets? What are the requirements for effective targeting?. Mature consumers are a rapidly growing market.
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Chapter Questions How can markets be segmented? How can a company best divide a market into segments? How should a company choose the most attractive target markets? What are the requirements for effective targeting?
Segmenting Consumer Markets Geographic Demographic Psychographic Behavioural
Effective Targeting Criteria Measurable Substantial Accessible Differentiable Actionable
Effective Targeting Requires… • Identify and profile distinct groups of people who differ in their needs and preferences. • Select one or more market segments to target. • Establish and communicate the distinctive benefits of the market offering.
Water Use: 8 Identified Audiences! • First priority audiences: • Local/elected officials • Operators • Homeowners/landowners • Watershed groups/associations • Second priority audiences: • Homeowner associations, septic professionals, civic groups, NCWS • See detailed information on each audience
Local/Elected Officials • Who: Many levels of leadership, often not a full-time job as a leader • Knowledge: Ins and outs of local community • Motivators: Serving community, reduced complaints, saving money • Barriers: Lack of time and financial cost to address issue
Community Water System Operators • Who: In charge of many things, not just water system • Knowledge: About doing their job, but less about community outreach/policy change • Motivators: Do the right thing, save time, less monitoring • Barriers: Don’t have authority, little time
Homeowners and Landowners • Who: Individuals with on-site septic systems living in small communities • Knowledge: Know about on-site systems • Motivators: Protect water, save money, protect property values • Barriers: Source of problem may be outside jurisdiction, limited interest until “crisis” occurs
Watershed Groups and Associations • Who: Groups with a specific water focus • Knowledge: Lots about water in general, not as much about septic/drinking water • Motivators: Doing the right thing, making a difference, activism • Barriers: Distrusts industry, dislikes compromise
Homeowner Associations • Who: Groups of homeowners living in clustered communities • Knowledge: Varies greatly, some will know more than others about this issue • Motivators: Protecting drinking water, saving money • Barriers: Issue is complex and potentially expensive to deal with
Septic Installers and Service Providers • Who: Mostly small business people who interact with customers • Knowledge: Lots about septic, less about source water protection • Motivators: Business-oriented, making money • Barriers: Lack of time
Civic/Special Interest Groups • Who: Involved individuals within a community • Knowledge: How to get things done in their community • Motivators: Doing the right thing, positive publicity • Barriers: Competing with other issues
Non-Community Water Systems • Who: Mostly part-time operators • Knowledge: Often understand both drinking water and wastewater • Motivators: Technical assistance, ability to be involved in community • Barriers: Lack of time, not adept at communications with others
Similarities Across all Groups • Time is limited • Prefer short messages • Agreement that issue is important, but understanding is limited/incomplete • Few resources (financial or time) to readily devote to this issue • Other competing priorities
Differences Across Groups • Initial interest in this topic • Willingness to work on this topic • Level of authority to solve problem or address issue • Level of comfort in working with others in community to solve problems • Communication styles and preferences