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4. Psychographic Segmentation :
Psychographics attempts to
segment according to psychographical profiles of people in terms of
their life style and attributes. Psychographics attempt to segment
according to psychological profiles of people in terms of their life
style and attitudes. In this type of segmentation, certain
psychological variables such as social class, life-styles or
personality
characteristics
are
used
for
segmentation.
Manufacturers of cars, textiles and home furnishings divide buyers
on the basis of social class and life styles. Such segmentation is
also possible on the basis of reading habits and leisure activities.
Marketing efforts are adjusted according to such variables. It may
be pointed out that in the case of geographic, demographic and
socio-economic bases, the required data for segmentation are
either readily available in census and other reports or can be
collected through survey. However, in the case of psychological
variables, relevant information is not readily available and has to be
collected through behavioural research. Moreover, market
segmentation on psychological variables is complicated as it is
always difficult to expose individuals to a battery of psychological
test and to find out their specific personality traits. Moreover,
consumers behave or react differently from what they say, if new
benefits or bundles of benefits are offered to them. Psychographic
segmentation can be made on the basis of (a) Social class (Upper
class, upper middle, lower middle class, etc.) (b) Personality (Self-
confidence, ambitious, aggressive, sociable, etc.) and (c) Life-style
(Liberal, conservative, religious, health and fitness-oriented, etc.)
5. Behaviouristic Segmentation :
Here, the buyers are grouped
or separated on the basis of their knowledge, attitudes, views, or
response to the product. This is useful in order to find out what role
price or package or colour or service can play in influencing buying
decisions. This segmentation is also called product related
segmentation as the response of consumers dividing into different
convenient groups for the purpose of marketing. In India, the supply
of consumer items, electronic goods, two-wheelers, cosmetics etc.
is fast increasing. The supply is more as compared to demand. The
income of people of all categories are also increasing. People are
also willing to spend more. They get information about new
products from different media. This creates proper background for
behaviouristic segmentation is similar to but slightly different from
psychographic segmentation.
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