article thumbnail

What is market segmentation and why is it so important?

Use Insider

What is market segmentation? Market segmentation is the process of dividing a larger market into smaller groups of consumers with similar characteristics, needs, or behaviors. This is what we mean by segmentation in marketing. Why is market segmentation important?

article thumbnail

Who Are B2B Creators and Why Do They Matter?

Marketing Insider Group

They could be seasoned marketers, tech gurus, finance wizards, or manufacturing mavens who share their knowledge through: Blogs Videos Podcasts Social media So, when we talk about B2B creators, we’re talking about influential figures who are shaping the future of how businesses learn, connect, and make decisions.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Why the Future of Marketing Depends on a C-suite Partnership for Long-term Growth

Marketing Insider Group

Just think about where marketing sat five years ago. Siloed from other major departments, such as finance, technology, and HR, there was little collaboration or visualized long-term data to report on. That was marketing’s main function. CMOs need buy-in from major players to push the marketing agenda and be effective.

CMO 134
article thumbnail

4 ROI Formulas To Help Earn You a Promotion

Hootsuite

You probably won’t need to calculate this — your finance team will likely have all the COGS data you need). Let’s say in our example earlier, the finance department told us that for every $25 t-shirt we sell, we make $15 in profit. ” you’re thinking. “That can’t be right!”

Promotion 113
article thumbnail

Use This SWOT Analysis Template to Uncover New Opportunities

DIY Marketers

It gives you the opportunity to do an in-depth analysis of internal elements that affect your whole business, or you can apply it to specific aspects of your company, like your marketing, finances, or products. Which target markets or customer groups created the most sales? Why did (YOUR COMPANY) win them?

article thumbnail

Beyond the Basics: 20 Non-Obvious Uses of ChatGPT for Marketing

Businesses Grow

Obviously, you get your best answers from asking actual people, but for initial research, it’s really helpful generating offers for a particular target market. Let’s try it. I am selling electric bicycles in Seattle.