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Learning From HP’s Market Segmentation Strategy

by Scott MacKenzie · MKG Imaging Solutions Inc. · March 1, 2008 - page(s): 58-61
The world’s most powerful brands have been built on foundations of solid market research, leading to effective market segmentation and consistently well-executed targeted marketing campaigns. While many of the most obvious examples of powerful marketing often come from mega-brands like Nike, Coca-Cola, or McDonald’s, the beauty of these best practices is that they are effective no matter what the size of the firm putting them in place; as long as they are carried out correctly. It is a process that is relatively simple, but often overlooked, revolving around what is perhaps the most important insight a company can have: a true knowledge of the needs and wants of its customers.

Formulating effective targeted marketing campaigns is a multi-step process, with each step playing a crucial role in the overall success of the business. It can also prove to be prohibitively expensive, particularly for small to medium sized businesses like most remanufacturers or office supplies dealers. Luckily, just as the aftermarket relies on the OEMs for the development of new printer engines, it can also rely on them for much of the background information needed to develop logical market segments from within its own customer base. All a remanufacturer needs to know is where to look, and how to read between the lines of OEM product lines and campaigns.

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This article will be available online on 09/01/2008

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