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MKT271 - Principles of Marketing

Use this guide to help you get started on your Marketing 271 research on analyzing the marketing process and environment with regard to the product, pricing, distribution, and communication in order to satisfy buyer needs.

Use Claritas.com & Nielsen for Market Segmentation Information

To learn more about the consumer lifestyles of people who live in your neighborhood watch the videos and go to Claritas.com ZIP Code Lookup and look up your business zip code to obtain market segmented information of the people living there.

Use Claritas.com to Locate Market Segmentation Information Using Zip Code

To locate consumer market segmentation information on a particular zip code area please enter your business area zip code in the Claritas.com ZIP Code Lookup box and proceed to look at the market segments of your zip code area by using the Claritas.com - Segment Group Details link.

How it works:

1. Enter and lookup your business area zip code

2. Next, see the marketing segments that pop up and click on each one of them to get a better view of your consumers life style.

3. Record your results onto a word document for you to use in your marketing plan.

Use U.S. Post Office Zip Codes for Market Demographic Info

Psychological Model of Consumers

Consumer Behavior Models Videos

Psychological Model of Consumers -
Yankelovich's psychological model which segments consumers into eight groups, based on their values, attitudes, and mindsets. (04:33)

Nielsen Segmentation & Market Solutions
Learn how your business can use Nielsen Segmentation & Market Solutions to better understand, find, and engage with your consumers to improve marketing efficiencies, increase ROI, create more effective media plans and find opportunity in your marketplace. (5:05)

Demographics Websites

Some of the following resources will help you obtain market and consumer information, U.S. demographic & socio/economic information:

Videos on Market Research & Segmentation

1. Market Research (06:01)
Market research is the collection and evaluation of data regarding customers' preferences. Companies undertake market research to reduce risk at product launch, and it forces the company to be market oriented.

2. Marketing: Field Research (02:24)
Field research employs questionnaires, surveys, observation, focus groups, and product sampling.

3. Marketing: Desk Research (03:58)
Desk research is market research that does not require leaving the desk. It is secondary research because the information is readily available. Results are not as accurate as field research.

4. Marketing: Market Segmentation (03:01)
Market segmentation is the process of dividing a total market into subgroups in order to identify the correct customer base to target. One method is demographic segmentation.

5. Marketing: Alternate Methods of Segmentation (02:47)
Other methods of segmenting the market include geographic and psychographic sectioning. Businesses use these alternative methods of segmentation to insure that specifically targeted customers are reached in an efficient way.