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Market Segmentation & Clustering ArkLeisure
© 2009 Arkenford Ltd Why should we segment a market? In our view a segmentation Is not simply a classification of people It should help in understanding their behaviour It should identify distinct customer groups in terms of: –what each segment is looking for –what they pioritise This is likely to be reflected in: –different holiday and leisure behaviour –different purchase drivers of choice –the use of different information channels –their response to different marketing messages It allows you to target your product, your resources and your marketing
© 2009 Arkenford Ltd The ArkLeisure Model
© 2009 Arkenford Ltd Cosmopolitans Strong, active, confident and stylish Do what they want rather than follow any particular fashion Comfortable trying new things that are out of the ordinary Happy to adopt traditional values when appropriate High-spending market Find it easy to justify buying expensive alternatives Risk takers – a desire for things that are new and different They like new challenges, both physical and intellectual Life for this group is full and active, but with an appreciation of art and culture
© 2009 Arkenford Ltd Discoverers Independent individualists Not worried about what others might think Little influenced by style or brand unless it represents their personal values Value technology, new products, services and experiences Function far out rates style as a purchase driver High spenders on what they want – but intolerant of substitutes or image based advertising Live a relatively relaxed pace of life Enjoy intellectual challenges but ‘arts and culture’ are often negatively perceived Value good service – which means enabling them to do what they want
© 2009 Arkenford Ltd Traditionals Self reliant and independent Hold traditional values Unlikely to justify spending on expensive alternatives. Value more traditional established brands Functionality is far more important than style and individuality Value, and will pay for, good service, which for them means recognition and individual attention Relaxed pace of life Enjoy intellectual challenges, arts and culture
© 2009 Arkenford Ltd Functionals Self reliant Very price driven and value functionality strongly over style Traditional values Not prepared to pay for fashion, style or ‘individuality’ Not early adopters of new ideas Interested in new experiences, and happy to try things new to them Enjoy intellectual challenges, traditional ‘arts and culture’ Resistant to spending Service is something that they expect as opposed to something they will pay extra for
© 2009 Arkenford Ltd Style Hounds Very brand/ fashion conscious Do not want to be seen as old fashioned Early adopters Risk takers - they live a full and active life Like to be part of the latest trends Strongly influenced by others Ready to spend money Will pay for better service – which to them means ‘more to do’ or more fun No real interest in ‘sophisticated’ arts, or cerebral activities Fun and excitement is what defines a good time
© 2009 Arkenford Ltd High Street Like to take their information from other sources rather than discover things for themselves Keen to follow along when a fashion has been established Brand and style are more important than functionality or individuality Not the first to adopt new products but they will be ahead of the majority of the market An active segment that is moderately interested in intellectual pursuits, arts and culture Prepared to spend money on luxury which tends to mean more things
© 2009 Arkenford Ltd Followers Strongly influenced by their peers and by the media Unlikely to value things that are new and different They will try things that are new to them as individuals A similar aversion to what might be considered old fashioned as Style Hounds, but much less interest in ‘new’ options Avoid risk and will take up options when others have shown they work Lag behind other groups when it comes to new products and services Little interest in intellectual challenges, arts & culture Service means freebie extras like Satellite TV and sun beds thrown in
© 2009 Arkenford Ltd Habituals Strongly traditional Strongly resistant to change preferring the familiar Value a more relaxed pace of life Purchase decisions made on function Fashion has little meaning to them Very risk averse and show little interest in new options or opportunities No interest in arts or culture Spend little money, on brands or service Find it hard to justify expense of any sort Often have limited income
© 2009 Arkenford Ltd Which segment do you belong to? Cosmopolitan Bart van Damme Donal O Sullivan Elizabeth Jeffreys John van Sas Juul Mary Stack T Jeerd Visser Discoverer Driessen Gertie Geoff Stephens John Joe Obrie Lucienne Bennett Traditional Andrew Gray Anna Cory Anna Heywood Jo Petrus Paul Kenyon Functional Claire Gray Style Hound Hilary Knight Jessica Vander Stuyft Ryan Barry High Street Alison Tingley Deirdre Byrne Eloy Bralin Erik Verhaert Mieke Belmans Tamara Loryn Follower Habitual
© 2009 Arkenford Ltd How do we use the segmentation with clients? Visitor profiling Potential market profiling Brand and perception research Product audits Concept development Marketing channels Incorporating it into your culture and CRM
© 2009 Arkenford Ltd Can you see the benefit? Could you use this? Any experiences you would like to share?
Copyright ©Arkenford 2007 Practical Application of Value Segmentation or …How to Get Your Man, Woman and Child.
© 2007 Arkenford Ltd Traditionals are relatively self reliant and independent more likely to hold traditional values. unlikely to justify spending on expensive.
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