Customer Segmentation
Customer segmentation is the process of dividing a broad customer base into smaller groups of individuals who share similar characteristics, needs, behaviors, preferences, or purchasing patterns. It enables organizations to better understand their audiences and create more targeted marketing, sales, product, and customer experience strategies. Organizations use customer segmentation to improve personalization, optimize communication, allocate resources more effectively, and identify growth opportunities. Segmentation can be based on several factors, including: Demographic Segmentation: Characteristics such as age, income level, occupation, company size, or...