Psychographic Segmentation: Definition, Examples & Types
Psychographic Segmentation is a market segmentation approach that divides consumers into groups based on shared psychological characteristics, such as personality traits, values, attitudes, interests, and lifestyles.
Why is Psychographic Segmentation important?
Psychographic Segmentation is important because it allows marketers to understand their target audience on a deeper level, enabling them to create more personalized and effective marketing strategies.
An Easy Way To Understand Psychographic Segmentation:
Imagine you're selling a new smartphone. Instead of targeting everyone, you focus on tech-savvy millennials who value innovation and style. That's psychographic segmentation – grouping people based on their interests and attitudes.