+ All Categories
Home > Documents > Lifestyle and behavior segmentation - Tetrad · Lifestyle and behavior segmentation ... PRIZM,...

Lifestyle and behavior segmentation - Tetrad · Lifestyle and behavior segmentation ... PRIZM,...

Date post: 13-Apr-2018
Category:
Upload: phungkhuong
View: 232 times
Download: 5 times
Share this document with a friend
2
Lifestyle and behavior segmentation Nielsen PRIZM Get inside the mind of your target customer PRIZM defines every U.S. household in terms of 66 demographic and behavior types or segments to help marketers discern those consumers’ likes, dislikes, lifestyles and purchase behaviors. Used by thousands of marketers in Fortune 500 companies, PRIZM provides a common language for marketing in an increasingly diverse and complex marketplace. This revolutionary marketing tool provides a sound basis for effective decision making across every aspect of consumer marketing. Once you understand your customers and prospects, you will target them more efficiently, tailoring your message and products specifically to them. A consistent, flexible framework for decision making What differentiates PRIZM is its powerful ability to link household and neighborhood- level segment assignments to the marketplace. Because it describes household types for geographic areas, PRIZM can be used to evaluate markets, territories, service areas and other geographic areas. PRIZM provides a flexible framework for decision making that is consistent from a local market to a national perspective and every geographic level in between. The ability to upshift or downshift across markets with consistency is a unique benefit of Nielsen. This integrated system provides a seamless transition from market planning and media strategy, to customer acquisition, cross-selling and retention. The result is, you’ll target more precisely while linking to geography and syndicated data sources. Deliver results with PRIZM segmentation Your company depends on you to select the best targets and maximize results. You can put the 66 PRIZM segments to work in a variety of ways to provide greater targeting precision for your marketing efforts. PRIZM delivers your best consumers: Find your targets PRIZM links your customer market data with neighborhood demographics, syndicated survey data and survey market research. It reveals exactly which types of consumers are most likely to use your product or service and allows you to group similar segments to realize the greatest targeting In order to reach and retain profitable customers you have to understand what drives their purchasing decisions and tailor messages and products to resonate with them. A savvy marketer’s greatest challenge is understanding the consumer. Nielsen PRIZM is the industry-leading consumer segmentation system that yields the richest, most comprehensive and precise insights available. PRIZM ® combines demographics, consumer behavior and geographic data to help marketers identify, understand and target their customers and prospects. efficiency and reach. Any customer file, list or survey can be PRIZM coded. If you don’t have a customer database, Nielsen can create surrogate consumer profiles for you from our storehouse of syndicated consumer surveys and marketing data. With PRIZM, you’ll find customers who represent your most profitable and sustainable opportunities. Discover what your best targets are like Once you have defined and identified your targets, you can use PRIZM to generate a thorough lifestyle profile that shows your targets’ predominant lifestyle, hobby and product usage patterns. Armed with this information, you can highlight the products, services and communications you know they value. With segmentation, you can also find out how your targets don’t spend their time and money to avoid making costly and ineffective marketing research decisions.
Transcript
Page 1: Lifestyle and behavior segmentation - Tetrad · Lifestyle and behavior segmentation ... PRIZM, segmentation system, target marketing, market research services, marketing segmentation,

Lifestyle and behavior segmentationNielsen PRIZM

Get inside the mind of your targetcustomerPRIZM defines every U.S. household in termsof 66 demographic and behavior types orsegments to help marketers discern thoseconsumers’ likes, dislikes, lifestyles andpurchase behaviors. Used by thousands ofmarketers in Fortune 500 companies,PRIZM provides a common language formarketing in an increasingly diverse andcomplex marketplace.

This revolutionary marketing tool providesa sound basis for effective decision makingacross every aspect of consumer marketing.Once you understand your customers andprospects, you will target them moreefficiently, tailoring your message andproducts specifically to them.

A consistent, flexible frameworkfor decision makingWhat differentiates PRIZM is its powerfulability to link household and neighborhood-level segment assignments to the marketplace.Because it describes household types forgeographic areas, PRIZM can be used toevaluate markets, territories, service areasand other geographic areas.

PRIZM provides a flexible framework fordecision making that is consistent from alocal market to a national perspective andevery geographic level in between. Theability to upshift or downshift across marketswith consistency is a unique benefit ofNielsen. This integrated system provides aseamless transition from market planning andmedia strategy, to customer acquisition,cross-selling and retention. The result is,you’ll target more precisely while linking togeography and syndicated data sources.

Deliver results with PRIZM segmentationYour company depends on you to selectthe best targets and maximize results. Youcan put the 66 PRIZM segments to work in avariety of ways to provide greater targetingprecision for your marketing efforts.

PRIZM delivers your best consumers:Find your targetsPRIZM links your customer market data withneighborhood demographics, syndicatedsurvey data and survey market research. Itreveals exactly which types of consumersare most likely to use your product orservice and allows you to group similarsegments to realize the greatest targeting

In order to reach and retain profitable customers you have tounderstand what drives their purchasing decisions and tailormessages and products to resonate with them. A savvymarketer’s greatest challenge is understanding the consumer.Nielsen PRIZM is the industry-leading consumer segmentationsystem that yields the richest, most comprehensive and preciseinsights available. PRIZM® combines demographics, consumerbehavior and geographic data to help marketers identify,understand and target their customers and prospects.

efficiency and reach. Any customer file, listor survey can be PRIZM coded. If you don’thave a customer database, Nielsen cancreate surrogate consumer profiles foryou from our storehouse of syndicatedconsumer surveys and marketing data.With PRIZM, you’ll find customers whorepresent your most profitable andsustainable opportunities.

Discover what your best targets are likeOnce you have defined and identified yourtargets, you can use PRIZM to generate athorough lifestyle profile that shows yourtargets’ predominant lifestyle, hobby andproduct usage patterns. Armed with thisinformation, you can highlight theproducts, services and communicationsyou know they value. With segmentation,you can also find out how your targetsdon’t spend their time and money to avoidmaking costly and ineffective marketingresearch decisions.

Page 2: Lifestyle and behavior segmentation - Tetrad · Lifestyle and behavior segmentation ... PRIZM, segmentation system, target marketing, market research services, marketing segmentation,

Determine where they liveNielsen PRIZM works with all levels ofgeography which means you can discoverwhere your current customers or prospectslive and locate more people like them,anywhere in the U.S. Accurate geographicinformation is essential for effective siteselection, product distribution, mediaplanning and overall resource allocation.

Learn how you can reach themOnce you understand your targets, you canuse PRIZM® segmentation to evaluate thebest ways to reach them. For mediaplanning, you can learn which magazinesand newspapers they read and which TV,cable or radio shows they prefer. For directmarketing, you can define selection criteriafor mailing lists. With PRIZM, you can alsoanalyze site potential and optimize in-storepromotions and merchandise mix.

Make your data actionablePRIZM is ubiquitous. It links with virtuallyevery major marketing database in the

U.S., making it a common language forintegrated marketing. Consumer marketingsurveys, audience measurement systems,compiled direct mail lists and syndicatedmarketing databases all link to PRIZM,allowing you to select survey samples byPRIZM segments or have your completedsurveys or customer data PRIZM codedand profiled. If your budget doesn’t allowfor household data, PRIZM also provides youwith an economical, precision targetingalternative as well as the flexibility tointegrate household data at any time.

The most accurate and reliabledemographic updatesPRIZM neighborhood assignments anddistributions are updated annually toreflect the demographic changes occurringin neighborhoods. Accurate and reliabledemographic estimates and projections arecritical to this process. Nielsen has the mostexperienced staff of demographers in theindustry who tap into hundreds of localgovernment and private sources to develop

current year estimates and five yearprojections for thousands of demographicitems at all levels of geography, nationwide.

The accuracy and reliability of Nielsenestimates has been proven time and timeagain. In fact, several state courts have evenpermitted the use of Nielsen estimates asadmissible evidence in cases involving sitelocation disputes between a parent companyand their franchisees.

Segmentation—more than a scoreWhile there are many powerful applicationsin direct mail, true segmentation is not alist-scoring model. Its purpose is broader andmore strategic than any one application.Segmentation provides your organizationwith a new language for understandingyour customers, your competitors, as wellas the marketplace in general. It alsomoves beyond your internal departmentsto empower your advertising agency,direct mail house, primary researchprovider and franchisees.

To reach today’s marketing-savvy consumer,you need to have the right message in theright media at the right time. Ask yourself—does your outdoor advertising tie intoyour direct mail campaigns? How aboutyour television and print strategies? Radio?Internet? In-store promotions? Successfulmarketers know the power of integratedmarketing and the common language thatsegmentation can provide around thoseefforts. Many successful marketers use PRIZM.

#4 Young DigeratiYoung Digerati are the nation’s tech-savvy singles and couples living infashionable neighborhoods on theurban fringe. Affluent, highly educatedand ethnically mixed, Young Digeraticommunities are typically filled withtrendy apartments and condos, fitnessclubs, clothing boutiques, casualrestaurants and all types of bars—from juice to coffee to microbrew.

#18 Kids & Cul-de-SacsUpscale, suburban, married coupleswith children—that’s the skinny onKids & Cul-de-Sacs, a lifestyle of largefamilies in recently built subdivisions.With a high rate of Hispanic and AsianAmericans, this segment is a refugefor college-educated, white-collarprofessionals with administrative jobsand upper-middle-class incomes.Their nexus of education, affluenceand children translates into largeoutlays for child-centered productsand services.

#43 HeartlandersAmerica was once a land of smallmiddle-class towns which can still befound today among Heartlanders.This widespread segment consists ofolder couples with working-class jobsliving in sturdy, unpretentious homes.In these communities of small familiesand empty-nest couples, Heartlanderspursue a rustic lifestyle where huntingand fishing remain prime leisureactivities along with cooking, sewing,camping and boating.

For more information, contact your Nielsen representativeat 800-234-5973 or visit www.nielsen.com.

Copyright © 2009 The Nielsen Company. All rights reserved.Nielsen and the Nielsen logo are trademarks or registered trademarks of CZT/ACN Trademarks, L.L.C. N8006_0609

alearmont
Rectangle

Recommended