Audience segmentation is grouping the audience or target market into smaller groups. Audiences are grouped based on similarities such as gender, age, geography, interests/hobbies, occupation, psychology etc. which in the end will be used as the basis for marketing strategies, for example advertisements, promos, offers that are relevant to certain groups or audience segments.
Besides sorting out/reducing potential customers, it turns out that market segmentation also requires high research costs, and the level of competition in small segments.
Besides sorting out/reducing potential customers, it turns out that market segmentation also requires high research costs, and the level of competition in small segments.