How a media industry identifies audiences for its products.

Slides:



Advertisements
Similar presentations
Explain the concept of market and market identification
Advertisements

Targeting Entertainment
Identify and Meet a Market Need
The Market Concept.
STANDARD 1 OBJECTIVE 1 Students will understand the concept of market & market identification.
 Market research is the process of gathering information which will make you more aware of how the people you hope to sell to will react to your current.
Marketing Research.
Avi Chemay presents  The aim of market segmentation is to increase sales, market share and profits  This is done by better understanding and responding.
WHO IS OUR TARGET MARKET? Write a brief description of our SBE’s target market. IMPLEMENTING AUTOMATED RETAIL: PEOPLE.
VIRTUAL BUSINESS RETAILING
Analyze the Needs of Customers How Market Segmentation Can Help an Entrepreneur analyze a Target Market.
Market Research Entrepreneurship. Class Starter Explain the difference between secondary and primary data?
Instructor: _______________. Small Businesses CANNOT be all things to all people. Each business MUST reach specific customers and satisfy their particular.
 Entrepreneurs can become so focused on the products and services that they forget about their customers.  Coming up with a great new product or service.
Questionnaires & Opinionnaires Advantages Large volume of data gathered in a very short time. Ease of administration Consistent response Low cost.
Chapter 11 Target Market. What is a Market/Target Market A group of people who have a demand for a product. A group of people who have a demand for a.
IDENTIFY AND MEET A MARKET NEED
Customer and Creating Marketing Strategy
 A target market is a term for the individuals or companies that are interested in a product or service AND are willing to pay for it.  It is short-sighted.
IDENTIFY AND MEET A MARKET NEED
If you want to get inside your customers’ minds you need to do qualitative research. Qualitative research is about discovering not just what people think.
Entrepreneurship: Ideas in Action 5e © 2011 Cengage Learning. All rights reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible.
MARKETING MARKETING ENT 12.
Market Segmentation Introduction to Business & Marketing.
1.  Market orientation as philosophy  Market segmentation  Targeting market  Positioning  Marketing mix 2.
Sociological Research Methods Sociology: Chapter 2, Section 1.
Topic 4 Marketing Marketing Planning. Learning Objectives Discuss the effectiveness of a marketing mix in achieving marketing objectives Examine the appropriateness.
Targeting Entertainment Research Methods 2 Entertainment Outlets and Venues.
Market Research The key to the customers wallet …..
Lesson 7: Targeted Marketing. Objectives Design a direct mail campaign based on market segments to gather information about specific customers Identify.
CHAPTER 5 Consumer Behavior: How & Why People Buy
INDIVIDUAL BUYER BEHAVIOUR. Learning objectives After reading this chapter, you should be able to: Define consumer buying behaviour. Define the consumer.
 Consumer Behavior Consumer Behavior  Model of Consumer Behavior Model of Consumer Behavior  Characteristics Affecting Consumer Behavior Characteristics.
Target Audience and Persuasive Media Strategies. Target Audience Every piece of media has an intended target audience – everyone has different interests.
Research: The Key to the Venture Concept. Your business will exist in a marketplace of customers and competitors The more you know about your marketplace.
WHAT IS SER MARKETING? Sports, Entertainment and Recreation Marketing.
Psychological Research Methods Psychology: Chapter 2, Section 2.
1 Market Research Objectives Identifying customer needs Identifying markets Trends and fashions Changes in markets Market and product development opportunities.
4.2 Marketing Planning Chapter 25 Part 2. Marketing Research Secondary Research A collection of data from second-hand sources. Often called “desk” research.
SERM #41 TARGET MARKET. …a specific group of people that a business wants to reach.
Lesson 7.  Design a direct mail campaign based on market segments to gather information about specific customers  Identify survey segments and their.
SELF – REPORT TECHNIQUES
4.4 Marketing Research.
Segmentation Market Segmentation is the process of dividing a market into distinct subsets of consumers with common needs or characteristics and selecting.
S ATISFYING THE M ARKET All parts of the soft goods chain must focus on the changing needs and lifestyles of customers.
Creating Customer Profiles
Promotional Methods For Target Markets. How are Marketers Grouping You? People share things in common and are often times segmented into groups by these.
© 2006 Pearson Education Canada Inc. 3.1 Canadian Advertising in Action Chapter 3 Consumer Behaviour Concepts and Target Marketing.
Chapter 15 – MANAGING THE MARKETING FUNCTION Activity 15.1 (class answers) Q 1. Identify 2 advertisements you don’t like Q 2. Describe the elements of.
Survey Research Survey method – used to ask questions about the beliefs, attitudes, and behaviors of respondents for the purpose of describing both the.
Social research LECTURE 5. PLAN Social research and its foundation Quantitative / qualitative research Sociological paradigms (points of view) Sociological.
Marketing Concept & Mix. Review Marketing Functions:  Pricing  Selling  Distributing  Promoting  Marketing information management  Product/service.
For each of the products listed below, describe who you feel is most likely to purchase the product. Be as descriptive as possible. Nike running shoes.
Customer Segmentation Not all customers are the same. So stop taking a one-size-fits-all approach to your marketing and start segmenting your customers.
RESEARCH METHODS Josh Harris. TYPES OF RESEARCH QUALITATIVE RESEARCH Qualitative Research is research which is used to express people’s opinions and.
BUSINESS 1 Understanding Marketing Processes and Consumer Behavior.
* * Chapter Thirteen Marketing: Helping Buyers Buy Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin.
1 MARKETING ENT What is Marketing? Marketing Activities directing the flow of goods and services from producer to consumer or user. Marketing consists.
STUDENTS: MATTHEW MOONEY & CONNOR MCCALLION NDYR2/SEM2 Unit 6: Critical Approaches to Creative Media Products Tutor: Jim Doherty.
Dr.P.Saradhamani. What is Market Segmentation? The process of breaking of buyers into groups that are different from each other but internally similar.
MARKETING MARKETING ENT 12.
Aim: What is audience profiling?
Market Segmentation: Practical Applications
Data Collection Methods
Targeting Entertainment
Primary and Secondary Data
The Value of Market Research
Sociological Research Methods
Market Segmentation Learning Goals
Presentation transcript:

How a media industry identifies audiences for its products

Psychographic  Psychographic factors are more fluid and subjective in nature, and relate to the psychology or behaviour of the group.  Psychographic measures include values, opinions, political views, lifestyles, behaviours, leisure activities, desires, entertainment preferences, cultural interests and social activities.

 Psychographics is a generic term for consumers’ personality traits (serious, funny, conservative), beliefs and attitudes about social issues (opinions about abortion, environment, globalization), personal interests (music, sports, movie going), and shopping orientations (recreational shoppers, price-sensitive shoppers, convenience shoppers).  Mazda, for example, doesn’t define its target audience by age, income or gender, but by psychographic principles. Mazda targets people who have a need for self-expression, are young at heart, and love to drive

Demographic  demographics of consumers, including gender, age, education, household income, marital status, employment status, type of residence, and number of children in the household.  Using demographic variables, for example, the target audience of a media plan could be “individuals who are 26-to-45 years old with yearly household income of $50,000 or more” or “all households with children age 3 years or younger.”

AGE  The age group that people associate themselves with could be defined on questionnaires as an age range, such as 15-20, or as described in grouping.  Age is an important aspect to target a media product as certain age groups like certain things.

Gender  Male and female audiences usually have different tastes in media products.  This is not always the case though.  They have these different tastes due to society and different characteristics of their gender.

Sexual Orientation  Whether heterosexual or homosexual it can be related to consumer preference.  As society has changed and we live a world where equality matters. The media cashes in on this and sells.

Focus Groups  A focus group is a form of qualitative research in which a group of people are asked about their perceptions, opinions, beliefs, and attitudes towards a product, service, concept, advertisement, idea, or packaging.  Questions are asked in an interactive group setting where participants are free to talk with other group members.

Questionnaires  A questionnaire is a research instrument consisting of a series of questions and other prompts for the purpose of gathering information from respondents.  Questionnaires have advantages over some other types of surveys in that they are cheap, do not require as much effort from the questioner as verbal or telephone surveys, and often have standardized answers that make it simple to compile data

Face to face interviews  Interview provide an information that is in detail and can be more easily understood.  Interviews are completed by the interviewer based on what the interviewee says.  Interview is very time consuming.  the interviewer has the opportunity to probe or ask follow up questions.