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Hiebing Explores: Segmentation and Knowing Your Target

Date post: 01-Nov-2014
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Done right, segmentation rocks. It helps you see the market through the eyes of your brand’s consumers. And it lets you identify the emotional drivers that can help you grow your business. But to get the most from segmentation, you need to be in firm control. If you would like to discuss it in person or over the phone, please give us a call at 608.256.6357 or send us an email: [email protected]
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SEGMENTATION: MANAGING THE ROCK STAR OF BRAND INSIGHT.
Transcript
Page 1: Hiebing Explores: Segmentation and Knowing Your Target

SEGMENTATION:MANAGING THE ROCK STAR OF BRAND INSIGHT.

Page 2: Hiebing Explores: Segmentation and Knowing Your Target

SEGMENTATION OWNS AN UNEVEN REPUTATION.

FANS who have witnessed its power when thoughtfully

harnessed

FOES who have seen it suck time and energy from

flawed application

Page 3: Hiebing Explores: Segmentation and Knowing Your Target

THAT SAID, WE BELIEVE: IT’S A ROCK STAR TOOL FOR BRANDS TO BUILD STRONGER BONDS WITH CONSUMERS

Page 4: Hiebing Explores: Segmentation and Knowing Your Target

THAT SAID, WE BELIEVE: IT’S A ROCK STAR TOOL FOR BRANDS TO BUILD STRONGER BONDS WITH CONSUMERSLIKE MANY ROCK LEGENDS, IT NEEDS GOOD MANAGEMENT

Page 5: Hiebing Explores: Segmentation and Knowing Your Target

GOOD MANAGEMENT = STEERING CLEAR OF THE TRAPS THAT CAN CRIPPLE YOUR STUDY.

Page 6: Hiebing Explores: Segmentation and Knowing Your Target

TRAPS THAT CAN CRIPPLE YOUR STUDY:

LOOKING THROUGH

THE WRONG LENS

NOT DIGGING

DEEP ENOUGH

FAILURE TO ANTICIPATE POSSIBLE OUTCOMES

THINKING YOUR TARGET WILL BE

OBVIOUS

FAILURE TO TEST THE ACTIONABILITY

OF SEGMENTS

Page 7: Hiebing Explores: Segmentation and Knowing Your Target

YOU’RE USED TO LOOKING AT YOUR BUSINESS FROM THE PERSPECTIVE OF YOUR BUSINESS.

YOUR CONSUMER DOESN’T.

TRAP #1:

USE THE WRONG LENS, AND YOU SEE THE WRONG THING

Page 8: Hiebing Explores: Segmentation and Knowing Your Target

YOU’RE USED TO LOOKING AT YOUR BUSINESS FROM THE PERSPECTIVE OF YOUR BUSINESS.

YOUR CONSUMER DOESN’T.

PERIOD.

TRAP #1:

USE THE WRONG LENS, AND YOU SEE THE WRONG THING

Page 9: Hiebing Explores: Segmentation and Knowing Your Target

WHEN DOING A SEGMENTATION STUDY:

ASK QUESTIONS THAT LET YOUR CONSUMER TELL YOU HOW THEY VIEW YOUR CATEGORY AND YOUR BRAND.

TRAP #1:

Page 10: Hiebing Explores: Segmentation and Knowing Your Target

WHEN DOING A SEGMENTATION STUDY:

ONLY THEN WILL YOU FIND A MEANINGFUL WAY TO BREAK THROUGH AND FORGE A STRONG BOND WITH HER.

TRAP #1:

Page 11: Hiebing Explores: Segmentation and Knowing Your Target

WRONG LENS ALERT!

TRAP #1:

SEGMENT NAMES LIKE:

ARE SIGNS THAT YOU’RE LOOKING AT YOUR BUSINESS FROM YOUR PERSPECTIVE…

Page 12: Hiebing Explores: Segmentation and Knowing Your Target

WRONG LENS ALERT!

TRAP #1:

NOT YOUR CONSUMERS.

SEGMENT NAMES LIKE:

ARE SIGNS THAT YOU’RE LOOKING AT YOUR BUSINESS FROM YOUR PERSPECTIVE…

Page 13: Hiebing Explores: Segmentation and Knowing Your Target

NOT DIGGINGDEEP ENOUGH

TRAP #2:

Page 14: Hiebing Explores: Segmentation and Knowing Your Target

GOOD THINGS HAPPEN TO THOSE WHO DIG DEEPER.

TRAP #2:

Page 15: Hiebing Explores: Segmentation and Knowing Your Target

YOU’LL AVOID CREATING FLAT, UNINSPIRED SEGMENTS.

DRIVE YOUR QUESTIONNAIRE TO EXPLORE A BROAD RANGE OF EMOTIONAL DIMENSIONS.

TRAP #2:

Page 16: Hiebing Explores: Segmentation and Knowing Your Target

SO, ASK…

TRAP #2:

Page 17: Hiebing Explores: Segmentation and Knowing Your Target

DOES A LONGER QUESTIONNAIRE TAKE LONGER? SURE.

TRAP #2:

Page 18: Hiebing Explores: Segmentation and Knowing Your Target

DOES A LONGER QUESTIONNAIRE TAKE LONGER? SURE.

DO THE RESULTS JUSTIFY IT? YOU BET.

TRAP #2:

Page 19: Hiebing Explores: Segmentation and Knowing Your Target

FAILURE TO ANTICIPATE POSSIBLE OUTCOMES

TRAP #3:

Page 20: Hiebing Explores: Segmentation and Knowing Your Target

3 THINGS TO REMEMBER ANTICIPATE. ANTICIPATE. ANTICIPATE.

TRAP #3:

Page 21: Hiebing Explores: Segmentation and Knowing Your Target

YOU KNOW A LOT ABOUT:

TRAP #3:

Page 22: Hiebing Explores: Segmentation and Knowing Your Target

USE THAT KNOWLEDGE TO HYPOTHESIZE WHAT THE SEGMENTS MIGHT BE.

THEN CREATE THE QUESTIONS TO FIND OUT FOR SURE.

TRAP #3:

Page 23: Hiebing Explores: Segmentation and Knowing Your Target

THINK YOUR SEGMENTS ARE ACTIONABLE?ASK YOUR INNER MARKETER TO PROVE IT.

TRAP #4:

Page 24: Hiebing Explores: Segmentation and Knowing Your Target

TRICKY PART: THERE IS NEVER JUST ONE SOLUTION IN SEGMENTATION.THERE ARE ALWAYS MANY POSSIBLE SEGMENTATION OUTPUTS.

TRAP #4:

Page 25: Hiebing Explores: Segmentation and Knowing Your Target

HOW DO YOU IDENTIFY THE BEST SEGMENTATION OUTPUT?

TRAP #4:

Page 26: Hiebing Explores: Segmentation and Knowing Your Target

HOW DO YOU IDENTIFY THE BEST SEGMENTATION OUTPUT?

TRAP #4:

ASK YOURSELF…

Page 27: Hiebing Explores: Segmentation and Knowing Your Target

TRAP #4:

DOES EACH SEGMENT PROFILE IMMEDIATELY SPARK MARKETING IDEAS FOR THAT SEGMENT?

Page 28: Hiebing Explores: Segmentation and Knowing Your Target

DOES EACH SEGMENT PROFILE IMMEDIATELY SPARK MARKETING IDEAS FOR THAT SEGMENT?

NODDING YES? YOU’RE ON YOUR WAY TO SUCCESS.

TRAP #4:

Page 29: Hiebing Explores: Segmentation and Knowing Your Target

THE ONLY OBVIOUS THING ABOUT TARGETS IS THAT THEY ARE SELDOM OBVIOUS.

TRAP #5:

Page 30: Hiebing Explores: Segmentation and Knowing Your Target

SOMETIMES IT’S VERY CLEAR WHOM YOU NEED TO TARGET. SOMETIMES IT’S NOT.SO HOW DO YOU PICK? CLICK ON FOR SOME THOUGHTS TO GUIDE YOU…

TRAP #5:

Page 31: Hiebing Explores: Segmentation and Knowing Your Target

LOOK FIRST AT SEGMENTS THAT CONTAIN A LOT OF YOUR CURRENT BRAND USERS

YOUR CORE USERS KNOW AND LOVE YOUR BRAND.

IF YOU CAN MEET YOUR BUSINESS GOALS BY STAYING FOCUSED ON THE PEOPLE WHO ALREADY LOVE YOU…  

GO FOR IT!

TRAP #5:

Page 32: Hiebing Explores: Segmentation and Knowing Your Target

UNFORTUNATELY, BUSINESS GOALS OFTEN REQUIRE REACHING BEYOND CURRENT USERS.

IF THAT’S THE CASE FOR YOU…

LOOK AT BRAND SWITCHERS OR OCCASIONAL USERS NEXT

TRAP #5:

Page 33: Hiebing Explores: Segmentation and Knowing Your Target

BUT WATCH OUT IF THESE OCCASIONAL BUYERS ARE HEAVILY PRICE DRIVEN. SOMEONE WILL ALWAYS GO LOWER AND LURE YOUR TARGET AWAY.

TRAP #5:

Page 34: Hiebing Explores: Segmentation and Knowing Your Target

FINALLY, LOOK AT CONVERTING NONUSERS

THIS PRESENTS THE MORE DIFFICULT CHALLENGE, BUT A MORE LUCRATIVE REWARD.

PURE INCREMENTAL SALES.

TRAP #5:

Page 35: Hiebing Explores: Segmentation and Knowing Your Target

SEGMENTATION IS A POWER TOOL.

BIG FINISH:

Page 36: Hiebing Explores: Segmentation and Knowing Your Target

SEGMENTATION IS A POWER TOOL.

IT HELPS YOU SEE THE MARKET THROUGH THE EYES OF CONSUMERS.

IT IDENTIFIES WHO YOUR CORE TARGET COULD BE TO HELP YOU GROW YOUR BUSINESS. 

IT CAN INSPIRE A MORE MEANINGFUL CONNECTION.

BIG FINISH:

Page 37: Hiebing Explores: Segmentation and Knowing Your Target

REMEMBER:YOU CONTROL JUST HOW POWERFUL A TOOL SEGMENTATION WILL BE.

AFTER ALL, IT’S THE MANAGER WHO BOOKS ANY SELF-RESPECTING ROCK STAR’S GIGS.

Page 38: Hiebing Explores: Segmentation and Knowing Your Target

608.256.6357HIEBING.COM

WANT SEGMENTATION TO PERFORM BRILLIANTLY FOR YOU?


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