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Monday, December 17, 2012

PSYCHOGRAPHICS: Another way to look at consumer behavior by Judy A. Kaplan/12/17.12


      Marketers and advertisers love categories.  Demographics were always a major part of the analyses used in developing a marketing plan.  Realizing that understanding target customers also involves learning about their psychological characteristics, in other words, modes of behavior, lifestyle habits and “attitudes”, marketers and advertisers develop a detailed dossier of consumer buying  potential. This method of market analysis known as psychographics is used to give insight to the behavior lifestyle of a target market.  It helps marketers figure out what it will take to convert the targeted consumer to their customer.  What behaviors of a target market are directly related to the way they buy and what they buy. 

      With information obtained through consumer surveys, focus groups and questionnaires, advertisers can fine-tune their marketing, basically narrowing their focus to a specific consumer, i.e., women who are into fitness, health foods and athletics.  Directing your advertising to the consumer who is already interested in your product market increases the probability of converting a consumer to a customer. It saves advertising dollars that may be wasted on a general audience of consumers in a certain demographic who may or may not be interested in your products. 

       Although not discussed here, marketing experts refer to “types” of psychographic profiles. Categories with descriptive profiles are used to develop a marketing campaign to match that buyer to the particular product.  I have not researched the categories or read statistics on these profiles, but studies can be found as the need to understand consumers has made market research an essential part of American consumerism.

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