determining market segmentation based on consumer psychological profiles. The two general areas include how the consumer views himself or herself in relation to the rest of the world and income characteristics.
criteria for segmenting consumers by lifestyle, attitudes, beliefs, values, personality, buying motives, and/or extent of product usage. Psychographic analyses are used like geographic (place of residence or work) and demographic (age, income, occupation) criteria to describe and identify customers and prospective customers and to aid in developing promotion strategies designed to appeal to specific psychographic segments of the market for a product. For example, the market for shampoo may consist of various psychographic segments described by their primary purchase motives (beauty, health, grooming), usage styles (daily, weekly, salononly), or lifestyle (frequent travelers, parents with young children, empty-nesters).
Psychographic data can be gathered firsthand through personal interviews, focus group interviews, or questionnaires, or purchased from research companies in the form of list overlays for direct marketers or market profiles for general marketers.
