2. Targeting The Relevant Consumer Targeting The Relevant Consumer Targeting The Relevant Consumer Targeting The Relevant Consumer Targeting The Relevant Consumer
3. This product has been designed to help marketers understand the essence of the various Consumer Segments, which together represent the entire urban spectrum of India. It highlights the key features which make each segment distinctive. The purpose of this work is to help marketers devise business, sales, advertising and communication strategies. The two key dimensions are life stages of chief wage earners of households and their education and skill levels (SEC). The first defines their needs and the second defines their earning abilities.
4. 1. Segmentation by Socio Economic Classification of Households SEC E SEC D SEC C SEC B SEC A 5 segments in every district
5. 2. SEC and Life Stage 15 Segments based on 3 broad Life stages of Chief Wage Earner of Households and 5 SEC classes SEC E SEC D SEC C SEC B SEC A Younger Years Middle Years Mature Years Six classifications in the upper segments of SEC A and B for finer profiling
6. 3. Indicus Segments 33 Segments derived by Indicus based on Life stage of Chief Wage Earner of Households and SEC Younger Years Middle Years Mature Years 24 classifications in the upper segments of SEC A and B for very fine profiling
7. Coverage Profile of Chief Wage Earner (CWE) Profile of Households Income Distribution Expenditure Distribution Age distribution (6 classes) Marital status (3 classes) Education (6 classes) Industry in which employed (22 industries) Type of employment (3 types)
8. Coverage Profile of Chief Wage Earner (CWE) Profile of Households Income Distribution Expenditure Distribution Gender distribution Gender wise age distribution (4 classes each gender) Household size (5 classes) Senior citizen members (3 classes) Minors in household (3 classes) Education of adult members (6 classes) Employment of adult members (4 classes) CWE’s spouse’s education (6 classes) CWE’s spouse’s employment type (4 classes)
9. Coverage Profile of Chief Wage Earner (CWE) Profile of Households Income Distribution Expenditure Distribution Households within a segment across 5 income classes < 300,000, 300000-500,000, 500,000 -1,000,000, 1-1.5 million, > 1.5 million
10. Coverage Profile of Chief Wage Earner (CWE) Profile of Households Income Distribution Expenditure Distribution Aggregate household expenditures in each of the 5 income categories
11. Coverage Profile of Chief Wage Earner (CWE) Profile of Households Income Distribution Expenditure Distribution Gender distribution Gender wise age distribution (4 classes each gender) Household size (5 classes) Senior citizen members (3 classes) Minors in household (3 classes) Education of adult members (6 classes) Employment of adult members (4 classes) CWE’s spouse’s education (6 classes) CWE’s spouse’s employment type (4 classes) Households within a segment across 5 income classes < 300,000, 300000-500,000, 500,000 -1,000,000, 1-1.5 million, > 1.5 million Aggregate household expenditures in each of the 5 income categories Age distribution (6 classes) Marital status (3 classes) Education (6 classes) Industry in which employed (22 industries) Type of employment (3 types) Nearly a hundred parameters for each segment in every district
12. Parameters in Premium Version only Profile of Chief Wage Earner (CWE) Profile of Households Income Distribution Expenditure Distribution Aggregate household expenditures in each of the 5 income categories Identifies income classes and expenditure pattern within each segment separately Households within a segment across 5 income classes < 300,000, 300000-500,000, 500,000 -1,000,000, 1-1.5 million, > 1.5 million
13. Parameters in Premium Plus Version (coming soon) Expenditure Distribution over 5 major categories (across income categories) for each segment and up to 18 categories for Some of the segments