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Four Ways for Sales and Marketing Pros to Segment Their Target Market
Philip Kotler reminds us that if markets are to be segmented and cultivated, they must meet certain requirements. Segments must be: 1. Measurable 2. Substantial 3. Accessible 4. Differentiable 5. Actionable Assuming your target markets meet those requirements, sales and marketing professionals can cultivate these segments to maximize their potential. There are four ways to segment any given market and the choices you make regarding how to segment will impact the quality of your efforts.
Think You Can’t Launch Your Invention During a Recession? Think Again!
Learn about which inventions and/or products sell during a recession and why. This article reviews the principals of consumer psychology during times of economic hardship and how it affects the marketplace. Also gives tips on how successful inventions should be designed and promoted.

Other consumer psychology Related Articles

"The Banality of Heroism"
My Stanford psychology professor, Dr. Philip Zimbardo, and Zeno Franco, a Ph.D. candidate in clinical psychology at Pacific Graduate School of Psychology wrote a terrific article called “The Banality of Heroism.”
The Surprise Close
I have never had a problem letting the consumer digest everything and letting them think it over. In fact I have found that it is so unusual to approach the consumer that way that it has the same effect as reverse psychology.
Think You Can’t Launch Your Invention During a Recession? Think Again!
Learn about which inventions and/or products sell during a recession and why. This article reviews the principals of consumer psychology during times of economic hardship and how it affects the marketplace. Also gives tips on how successful inventions should be designed and promoted.
Book Review: Predictably Irrational
As a marketing strategist, I’m always looking for information to help understand human psychology. Predictably Irrational (by Dan Ariely) is full of wonderful insights on the surprising differences between logical thought and emotional consumer action.
How to address Consumer Fear
Today consumer fear has replaced consumer confidence. In such times small businesses or home-based businesses are in a better place to come away stronger and better if they know the secret to survival and how to position themselves for the next boom. This article explores these keys to combat consumer fear.
The Benefits of Consumer Contract Financing Part 2
The previous article on the benefits of consumer contract financing was concluded by citing three specific benefits associated with factoring consumer contracts (ie. financing consumer receivables, retail installment contracts, consumer notes, etc.). Those three benefits were: bad debt elimination, consumer contract processing and meeting increase demand. There are many other benefits associated with consumer contract financing which will be mentioned in this article.
The Benefits of Consumer Contract Financing Part 3
The first two articles on consumer contract financing (ie. financing consumer receivables, financing retail installment contracts, financing consumer notes, etc.) enumerated eight distinctive benefits which financing consumer contracts offers. There are numerous other benefits associated with consumer contract financing which will be addressed in part three of this series of articles.

A Great Way To Tug On Your Buyer’s Heart Strings
Funny enough, most buyers are much less concerned about everything else once they enter a sparkling entrance. This is part of the psychology of the deal that I teach my joint venture partners. Believe it or not, psychology plays an important role in real estate investment as well.
2011 Consumer Packaged Goods Marketing Trends
With the recent global economic downturn, most brands and their marketers have had to rethink their advertising, marketing a promotional strategies. Consumer demographics are always shifting. But now more then ever, the changes are rapid and swift. Consumer packaged goods (CPG) manufacturers and their brands must always be on the cutting edge of an ever changing brand-consumer relationship.

Marketing Mix For Retail Consumer Packaged Goods
For Consumer Packaged Goods (CPG) companies, a good marketing mix is essential. The beginning of the twenty-first century has seen rapid changes in consumer demographics. Not only are consumers spending more wisely, but the age, face and needs of the consumer are changing as well. It takes a well thought out marketing strategy to not only find, but communicate with customers.

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