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Mar 14, 2018
When planning a digital marketing strategy, the primary objective of the team is to develop content that has value for the target audience. However, the process of identifying the target audience from the huge population of online visitors and users can be a daunting task. It might take a while, but with careful analysis and interaction, and by monitoring social media activity, your team will eventually identify certain online platforms where your target audience regularly visits.
Audience segmentation involves marketing strategies aimed at identifying certain potential customers in your target audience who have shown some interest in making a purchase of your products or using your services, but they are yet to make a final buying decision. The strategy is to identify these potential customers and then encourage them to take action by propagating special incentives and discounts to them. If they have been considering the price of your products or services previously, a small discount could propel them to become your customers eventually.
While your team is carrying out these marketing strategies, it is also important that they identify certain trends as observed from consumer behavior that prevents customers from going ahead to use the service or making purchases. Reasons such as high prices or an inability to understand the exact value they will get when they use your products or services could reveal the need for a review to be made during which the issues that have been identified will be addressed. It is also a good idea to monitor the marketing activities of your competition who might be offering much lower discounts or incentives to attract your customers.Audience segmentation also aids the development of personalized services, which will appeal to the needs of certain customers who have made their demand for specific features known. Companies that use marketing strategies such as audience segmentation have a well-managed customer database. An effective database makes relevant information readily accessible when the marketing team needs to carry out quick analysis and evaluations aimed at promoting the business.