GEO 301 Lecture Notes - Lecture 9: Census Tract, Market Segmentation, Experian

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L9: geodemographics and geodemographic profiles: market segmentation, providers of commercial geodemographics cluster systems, geodemographics methodology, critiques of geodemographics, market segmentation. Basic assumptions: tobler"s first law of geography things are similar, but close things are more similar than distant things similar people with similar tastes cluster in neighbourhoods. Where you live determines whether or not you are likely to be a good market prospect clustering. What is the purpose of segmentation? large enough for marketing purposes homogeneous, targetable and reachable populations identify areas with clusters of customers which are: used in many business strategies customer profiling, cross-selling, site selection, strategic planning, media buying. Types of market segmentation cluster systems: simple demographics, special interest demographics. Simple demographics clusters people by a number of demographic variables available from the census and other sources such as age, sex, language and ethnicity, occupation, educational attainment, etc: may or may not include a geographic component.

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