Market Segmentation- A framework for determining the right target customers

Marketers have recognized that the target audience of a certain product are not all alike. They differ in terms of demographics, attitudes, needs, location and social affiliations. Most markets are made up of different individual customers, sub-markets or segments. Segmentation and targeting of customers allows the marketer to deliver a product within the target audience needs and wants (Pickton and Broderick, 2005: 373). It is a necessity to establish the needs and values of the target customers within each segment, in order for companies to promote their products, brands or services appropriately.

Spotlight

Beyond Codes Inc.

Beyond Codes is a high-growth Demand Generation company that delivers high-quality appointment setting and research-driven contact development programs for leading IT/BPO/Product companies in the U.S., Europe, and Asia-Pacific. Incorporated in April 2008 at Los Angeles, California, Beyond Codes has over 52+ customers including 14 of the Top 20 IT /BPO companies. Beyond Codes is technology sector’s preferred partner of choice for reaching out to their prospective audience of CXOs, VP and Directors at Fortune-listed firms. At Beyond Codes however, our aim is not to do everything satisfactorily – our aim is to do a few things and excel at them. We only work in the areas of IT, Product and BPO/ITes (IT Enabled Services), and we focus on the specific areas of Demand Generation where we have the best practices and expertise to address the pain points of our customers.

OTHER WHITEPAPERS
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Top Five Trends Revenue.io Sales Engagement Predictions for 2023 and Beyond

whitePaper | January 30, 2023

Since the beginning of the Pandemic in 2019 through the end of 2021, 75% of all sales roles that were terminated have been re-hired. At the current trend, we will be at or above 98% recovery by the end of 2022 even in a recessionary market. To offset these results, the best sales leaders are focused on using AI-assisted real-time rep support and are increasing their automation of digital channel engagement. Our review of 11.5M sales engagements and conversation outcomes from Sales Development Reps (SDRs) underscores the need for automated conversation guidance to improve seller performance.

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The State of Digital Maturity in Europe

whitePaper | March 14, 2023

For B2B marketers, making the rapid shift to digital required a total reset of strategy and tactics over the past few years. Now, as we’re under pressure to get more results with less resources, it’s time to assess whether your digital marketing is ready for scale. To understand how your digital marketing maturity compares to your peers, download the report, “The State of Digital Maturity in Europe: The Tools, Techniques and Strategies Marketers Need to Drive Results,” that will walk you through the state of digital maturity in Europe, how top-performing companies are finding success and practical tips for you to immediately elevate your own digital marketing strategy.

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The Beginner’s Guide to: Account-based Selling

whitePaper | December 14, 2019

Account-based selling focuses on quality over quantity. Sales teams prioritize their prospecting efforts based on the companies they should be contacting rather than the individuals. They use data to find specific accounts that would benefit from their product and then devise customized, high-touch prospecting approaches for those target accounts. By employing account-based selling, you ensure that your sales teams are focusing on highpotential, high-value accounts, making them more likely to close deals, hit their quotas, and grow your business.

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Long Hold Times Are Killing Your Customer Experience

whitePaper | June 1, 2022

Waiting on hold to get help is inevitable. That being said, long wait times, being bounced around to multiple people, and inability to resolve issues contribute to overall poor experiences for customers and businesses. Time flies when we’re having fun, and it drags on when we’re bored. Sometimes it’s on our side, and other times it’s racing against us. 90-seconds can feel like an eternity when you’re sitting on the phone waiting for help, or answering automated voice prompts, or even waiting for a response from an agent on live chat agent.

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The ABM practitioner’s guide to the cookie demise

whitePaper | August 3, 2022

With the end of third-party cookies looming, many are left wondering, “What does this mean for my digital account-based marketing program? Can I even do advertising or ABM without third-party cookies?”

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Aligning Sales and Marketing Over Agreed-Upon Metrics

whitePaper | January 20, 2023

Technology vendors are facing challenging economic conditions, reduced quarterly income due to longer sales cycles, and larger selection committees due to hesitancy in choosing new technology. The average sales cycle has increased 22% over the past 5 years due to more decision makers being involved in the buying process. Soon customers will manage 85% of their relationships without talking to a human source.

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Spotlight

Beyond Codes Inc.

Beyond Codes is a high-growth Demand Generation company that delivers high-quality appointment setting and research-driven contact development programs for leading IT/BPO/Product companies in the U.S., Europe, and Asia-Pacific. Incorporated in April 2008 at Los Angeles, California, Beyond Codes has over 52+ customers including 14 of the Top 20 IT /BPO companies. Beyond Codes is technology sector’s preferred partner of choice for reaching out to their prospective audience of CXOs, VP and Directors at Fortune-listed firms. At Beyond Codes however, our aim is not to do everything satisfactorily – our aim is to do a few things and excel at them. We only work in the areas of IT, Product and BPO/ITes (IT Enabled Services), and we focus on the specific areas of Demand Generation where we have the best practices and expertise to address the pain points of our customers.

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