5 Types Of Market Segmentation For Your Surveys
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5 Types Of Market Segmentation For Your Surveys

5 Types Of Market Segmentation For Your Surveys - Eric Beer

5 Types Of Market Segmentation For Your Surveys

Surveying your audience is not merely “asking questions.” But a lot of people treat it that way. It’s usually the same people who complain about not getting results.

You can’t just go with your gut or brainstorm your way into a good, reliable survey. There is a process, and you need to respect it.

When choosing questions, you need to be careful, precise, and efficient. There’s only so much you can ask before your surveyees become annoyed or agitated and decide not to go through with it.

“You don’t want to overwhelm somebody… Certainly not in the front end.” – Eric Beer

That is why every question has to have a purpose.

What you need are questions that will help you investigate and segment your audience.

Each question you ask should reveal a portion of the story. If you don’t understand how a specific question does that – get it out! You don’t need it.

Today, I want to talk to you about 5 types of market segmentation you can use to create surveys and get the whole story. They’re also implemented in our upcoming SurveyDetective platform and tied to our question bank, allowing you to create effective surveys with ease.

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I’m going to go over each of these segmentation types, explaining when and how to use them.

Let’s dive in!

 

1 – Demographic Segmentation

 

Demographic segmentation is about figuring out “the who.” Age, gender, education level, household income… These are all questions aimed towards identifying the fundamental characteristics of a consumer.

 

2 – Firmographic Segmentation

 

Firmographic segmentation is very similar to demographic segmentation. The crucial difference is that it’s not directed at the consumer but rather at a company. Types of relevant characteristics for firmographic segmentation are gross annual or monthly income, number of employees, market share info, business life cycle stage, etc.

 

3 – Geographic Segmentation

 

“What state do you live in?”… “Do you live in the United States?”… “What type of climate do you live in?”… It’s about getting any kind of geographic information relevant for your particular business. If you’re running a local business, then it’s valuable for you to know which members of your audience can actually use your service.

 

4 – Psychographic Segmentation

 

Psychographic segmentation is based on your audience’s psychological characteristics, i.e., their opinions, preferences, attitudes, values… You’re trying to segment them based on how they think.

 

5 – Behavioral Segmentation

 

This type of segmentation is established on what your audience does. You’re trying to identify relevant behavioral patterns relevant to your business. Are they loyal to your product or service? How do they use it?

A good example of behavioral segmentation would be your Netflix or YouTube user experience. The show or videos that you encounter on your home page will be determined by your previous viewings, clicks, and other types of past behavior.

 

Why Use These 5 Types of Segmentation

 

These segmentation types are essential for creating surveys where you’re trying to learn something. Whether you’re trying to go into a new market or you’re trying to sell a new product. Or even if you’re communicating to an existing market but just trying to get relevant feedback.

Ultimately, we’re creating frameworks using these five types of segmentation. Depending on the type of business you’re in, we can further dive into sub-segmentation. For example, you may find it useful to focus on the purchasing behavior or customer satisfaction aspect of behavioral segmentation.

 

The Power of Creating Perception

 

As you’re surveying your audience and asking questions, you’re collecting different parts of the story. You’re learning about people’s characteristics, and you can now use that data to group them and tailor a message they will resonate with – a message showing that you understand.

The ultimate goal is to create this perception within each of the segments you’ve successfully identified. Your core offer will remain the same, but the messaging will be customized so that you can have better results.

“Everybody gets sold differently.” – Eric Beer

People are more likely to buy from you if they feel like you understand them. That is the essence of improving your sales, and performance marketing will help you get there.

 

 

That’s it for today’s show!

Make sure to subscribe, so you never miss an episode. 

And if you want to stay updated about our SurveyDetecive platform, I strongly suggest joining our VIP waitlist. There’s a lot of cool stuff we have planned in the following weeks!

🕵️‍♂️ Sign up for the SurveyDetective VIP Waitlist

If you have any questions, feel free to leave a comment or reach out to me directly on social media. I’m always there for my Performance Marketer Nation.

See you next week!

 

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Transcript…

Read Full Transcript

0:00
Well, hello, hello Performance Marketer Nation! Today I'm going to talk to you about the five types of segmentation. See, a lot of people when they are setting up their surveys, just start asking questions, and there's no rhyme or reason. And it's a big mistake that people make. And I want to talk to you guys in more detail on how you can reverse engineer surveys and quizzes and assessments out in the marketplace, so you can get a good idea of what they're doing, and then how you can structure your own surveys. So let's dive in.

I spent the last 17 years building my eight-figure performance business without using any of my own money, working with some of the most brilliant direct response marketers in the world today. Now I'm looking for entrepreneurs to join my affiliate army built on ethics, transparency, good old hard work. Join me to change the perception of how people view the greatest business in the world, affiliate marketing, and follow along, as I learn, apply, and share performance marketing strategies, working with some of the brightest people on the planet. My name is Eric Beer, and welcome to the Performance Marketer Podcast.

Okay, so, like I said, there are five types of ways that you can segment your survey. But let me just tell you that it's super, super important that you ask questions that you're going to take the answers and use it in some way. When you ask that question, if you're going to ask a question where you're not going to use that specific question and answer, then take it out. Because you're going to have a higher chance for someone to drop off and stop answering questions and leave. So you want to have enough questions to get information from somebody that will now give you a picture of what's going on in their life and their situation, what challenges they're having. But you don't want to overwhelm somebody, certainly not in the front end, if you're driving traffic to a cold lead. There's different ways that you would create your hooks, and that's going to be for another day. But for now, you can look at it as simple as this. If you're driving traffic to your survey, and it's cold traffic, they don't know anything about you. They don't know who you are, they don't know what you do. They don't know about your products or services. So you want to use more of a curiosity type of survey so that you can get them in and give them something that they want. Versus if it's to someone who's a warm audience and warm by they know you, they've signed up for some of your stuff they've they've read some of your content or listened to heard. And maybe they watched you. They know you, they know what you're about. Well, in that case, then you might be able to dive into something where you mentioned more of what your value is, and what your solution is. Those people, they may not have bought from you, but they know you, and your hot audience or your buyers, people that that have already purchased from you. So they get it, they know who you are. So again, you can position your server that way. So I want to just get into now the five types and I'll explain to you how we do it here with our SurveyDetective platform, where we're structuring this in a way where you have your segments and then that's tied to our bank or question bank that allows you now to Build a survey the right way. And we're ultimately helping you through the entire process. So let's dive in here. So number one, the first way is called the demographic, segue. Men, Titian, what does that mean? demographic segmentation is asking about Who are you? They want to know. There's questions like, what's your age? What's your gender? What's your household income, your education level? Where are you at in your life? Your lifestyles here? Where are you today? It's all about the who these questions are about Who are you? Now, if you're not going towards a consumer, but you want to understand something about a business, then that's called number two, firmographic segmentation. And again, that is about the who, but it's all based on B2B. So types of things, types of characteristics on how you would segment with firmographic would be around. What's your gross annual income? What is your monthly income? How many employees do you have? Where are you at? in the market today? What kind of market share does your company have? What is your stage of your business? Are you just getting started? Are you or do you have some clients? But yeah, you're trying to grow and you're struggling to do so or are you in well mode? Right? So, demographic and thermographic are ultimately the same thing. But it's all around Who are you talking to the person or the business? So those are the first two. The third way that you can segment is around geographic segmentation. And what is that? Well, I'm sure you guys already know that but it is the where what location Do you live in what state do you live in? Do you live in the United States or outside the United States? What continent? Or you could ask a question such as? What climate do you live in? Right? Travel companies, hotel companies might want to know those. Those things to be able to segment their target markets by where they live, what the location is, if you're local business, you might want to segment your data based on if you can service them, right. If you're a dentist and you're generating a lead, and you live in New York, and you get a lead from somebody in Texas, it's highly unlikely that that person in Texas is going to take a trip to you in New York to get their teeth cleaned. Make sense? Yeah, I thought so. Alright, so number four, way to segment your data would be around your psychographic segmentation. What does that mean? Well, that's all around. What do they think? What's their opinion? What kind of attitude do they have? What are their beliefs about a certain situation? Or a certain thing? What are they? What social class lifestyle do they live? What kind of movies do they like? It's all around them thinking about stuff. It's their culture. And this is pretty big, because it helps with trying to understand reasons that they also make decisions. So when you overlay that with the next one, which I'll tell you in a second, you can learn things around like, are they the type of person that would purchase something based on if their friend did it over If they did some sort of conformity or what type of motivation, they have to purchase something, but so psychographic is all around what you think. And number five is behavioral segmentation. And that is all around. What do they do? What do they do? How do they behave? How do they use your product? Are they loyal to your specific product or service? What type of engagement level Do they have with the product? What's their customer satisfaction? What's their? What's the status, like? What's the buyer journey stage that they're in? What type of purchasing behaviors do they have? What are they? What are the benefits for b2c or b2b an example of behavioral segmentation would be YouTube or Netflix, when you log into Netflix, they are recommending different types of movies and shows that you should watch based on your past behaviors. YouTube showing you different types of videos based on what you're watching now, what you're doing, how you're acting within their platform. It's all around the behavioral segmentation. And we use these five types of segmentations to build out our surveys where we're trying to learn something when we're trying to go into a new market, or we're trying to sell a new product, or if we're going into communicating with an existing market, or we're selling an existing product, and we want to understand and get feedback from the market or the consumers on who's using our product on whether they like it or don't like it, right. Ultimately, what we're doing is we create frameworks around all of those scenarios. Using these five types of segmentation. And then what happens is we have like our sub-segmentation, where it's all based off of the type of business or the type of survey that you're engaging with, right. So what I mean by that is like for behavioral segmentation, like I described earlier, the sub-segmentation would be learning about their purchasing behavior, or learning about customer satisfaction versus for your market demographic segmentation, it might be the sub-segmentation is you want to know their age or their gender. And there's specific questions you want to ask for each, because this is all going to tell a story to you, so that it allows you now to now group these people by the characteristics that you're learning. And then you now have different target markets that give you the ability to create perception. They give you the ability to position your business towards each of those characteristics, so that it's customized for each of them. Yes, as I always say, the core offer will remain the same. But everybody's not the same. Everybody gets sold differently, and you need to understand them. And then, when you do this gives you the ability to now customize messaging to each of your target markets. So that you're making these, these people, these prospects feel like you took the time to understand them. And when you take the time to understand them, you relate with them, and then they're much more likely to buy from you because you've proven to them that you get it. That you've been there you get it and this is why your solution is here because you were where they were once before. And that's all done through segmentation. So that's the five types of segmentation guys. I hope this was helpful for you. If you liked it, and you thought that this might be good for someone else, then forward it along to them. And if it's... If you're watching this on my YouTube channel, subscribe, and share. If you're listening to this on the podcast, subscribe. And, you know, there'll be more good stuff coming around because we're talking surveys, baby. SurveyDetective is the platform that is ours, and it's being built and we're going to be launching it soon. We're using it right now our 1.0 version with the founding members of our Performance Marketer Group. And I'm having a lot of fun with them, showing them all the different ways that they can use different types of segmentation to now take on whatever market or product that is of interest to them. And soon enough, when we start getting some results, I'll start sharing that with you guys. But in the meantime, you know, just stay connected with me and if you have any issues - reach out! I'd love to help you, I'd love to answer some questions about this if you ever thought about it. But so, in any event, I hope this was helpful. Five types of segmentation, now you know it so now you can use it to your advantage and your marketing. And that's a wrap. So be well guys and I will speak to you soon. I'm out!

Would you like to learn how I built my business using other people's money? If so, go join my 21-day challenge at performancemarketerssecrets.com. I look forward to meeting you and welcome you into my family. And remember, results don't lie, but the people who don't have any tier. Thanks for listening.