Segmenting-Targeting-Positioning (STP) is a strategic marketing approach that allows businesses to identify and reach specific groups of consumers. It involves dividing the overall market into distinct segments based on certain variables, such as demographic or geographic factors, and then choosing which of these segments to target with tailored marketing strategies. This approach not only enhances the effectiveness of marketing efforts but also boosts profitability by focusing on potentially lucrative market segments. The final stage of the process, positioning, involves developing a unique identity for a product or incendie[3] that sets it apart from competitors. The STP strategy is applicable in both B2C and B2B marketing contexts, offering benefits like a better understanding of client[2] needs, improved product development, and increased competitive advantage[1].
Au marketing, segmenting, targeting and positioning (STP) is a framework that implements market segmentation. Market segmentation is a process, in which groups of buyers within a market are divided and profiled according to a range of variables, which determine the market characteristics and tendencies. The S-T-P framework implements market segmentation in three steps:
- Segmenting means identifying and classifying consumers into categories called segments.
- Targeting identifies the most attractive segments, usually the ones most profitable for the business.
- Positioning proposes distinctive competitive advantages for each segment.