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segmentation targeting positioning
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5. Spanish clothing retailer based in Arteixo
,Galicia
Founded in 1975 by Amancio Ortega and
Rosalía Mera.
Flagship brand of £2.5billion holding
group Inditex
World's largest apparel retailer
6500 stores
88 countries worldwide
Zara practices Fast fashion – trends move
from run way to stores within one week, as
opposed to months.
Zara has continually maintained its mission to
provide fast , affordable, and fashionable
items.
6. MARKET SEGMENTATION
Market segmentation involves grouping your various customers
into segments that have common needs or will respond similarly to
a marketing action.
Some different ways you can segment your market include the
following;
Demographics which focuses on the characteristics of the customer.
Psychographics which refers to the customer group's lifestyle.
Behavior which is based on customer behavior.
Geographical location such as continent, country, state, province,
city or rural that the customer group resides.
7. MARKET SEGMENTATION
DEMOGRAPHIC SEGMENTATION
Women/Men
Aged 15-45
Mid - Range Income
PSYCHOGRAPHIC SEGMENTATION
Interested in fashion Trends
GEOGRAPHIC SEGMENTATION
Stores in high population and traffic areas.
8. TARGET MARKETING
Target market consist of a set of buyers that share common need that
company decide to serve.
There are three general strategies for selecting your target markets:
Undifferentiated Targeting: This approach views the market as one
group
with no individual segments, therefore using a single marketing
strategy.
Concentrated Targeting: This approach focuses on selecting a
particular market
niche on which marketing efforts are targeted.
Multi-Segment Targeting: This approach is used if you need to focus
on
two or more well defined market segments and want to develop
different strategies for them.
9. TARGET MARKET OF
Women / Men aged
to 15-45
Fashion conscious
middle-class
More for working people and more fashionable.
Customers who are highly interested in latest
fashion trends.
10. POSITIONING
Positioning is developing a product and brand image in
the minds of consumers. It can also include improving a
customer's perception about the experience they will
have if they choose to purchase your product or
service.
11. POSITIONING
Zara Follows ‘Democratize Fashion’
More fashionable compare to its
competitors
Follows strategy of low cost but
high fashion
Open stores and outlets that provide
Zara experience at high profile
location
17. MARKET SEGMENTATION
Market segmentation involves grouping your various customers
into segments that have common needs or will respond similarly to a
marketing action.
Some different ways you can segment your market include the following;
Demographics which focuses on the characteristics of the customer.
Psychographics which refers to the customer group's lifestyle.
Behavior which is based on customer behavior.
Geographical location such as continent, country, state, province, city or
rural that the customer group resides
18. Segmentation
DEMOGRAPHIC SEGMENTATION
Male/female
Age 18-35 & above 35
Occupation:- students
working class
housewife
Working class
PSYCHOGRAPHIC SEGMENTATION
To be fit or to build their body
GEOGRAPHIC SEGMENTATION
It should be located in tier 1, tier 2 cites etc
19. TARGET MARKETING
Target market consist of a set of buyers that share common need that
company decide to serve.
There are three general strategies for selecting your target markets:
Undifferentiated Targeting: This approach views the market as one
group
with no individual segments, therefore using a single marketing
strategy.
Concentrated Targeting: This approach focuses on selecting a
particular market
niche on which marketing efforts are targeted.
Multi-Segment Targeting: This approach is used if you need to focus
on
two or more well defined market segments and want to develop
different strategies for them.
20. TARGET MARKETING
Women / Men aged
Age 18 to 35 & above
Fitness freak
Youths
Customers who are highly interested in bringing there body structure in a
perfect tone
21. POSITIONING
Positioning is developing a service and brand image in
the minds of consumers. It can also include improving a
customer's perception about the experience they will
have if they choose to purchase your product or
service.