Segmentation: Revlon
a) Firstly, they segment the market on the basis
of their Gender:
·
For men
·
For
women
Both the genders are different in their attitude as well as their
behavior when it comes to any purchase-decision. Where women tend to be more
emotional and communal-mined, men tend to be straight-forward and
goal-oriented.
b) Secondly, the market is segmented on the
basis of income-levels and Life-style. Revlon segments the High-Level Income
people further into 2 sub-segments and targets only those segments. They are:
·
Upper-Middle
Class, and
·
Posh or
Premium Class
c c) Lastly, Revlon segments the above 2 segments
into 3 sub-segments depending upon Age:
·
Young
·
Middle,
and
·
Early
old Age people
Targeting: Revlon
· As said
before, the buying decision of men and women is differ from each other. Thus,
Revlon uses different Advertisements for targeting both men and women.
· Secondly,
because at present Revlon is targeting only the people with a High-Income Level for selling its cosmetic products….it
believes that if they start targeting Middle and Lower Class also, then it
could affect their already set customer base.
· Revlon
uses the Need-Based Market Segmentation approach as all segments are not
useful at all times. Hence, they decide the right segment at the right time for
targeting.
· As
Revlon has a complete market
specialization in cosmetics in their respective market. So, they use their
previous experience to target their customer segments.
Positioning- Revlon
· Revlon has always used top models, and
actresses in order to promote its products i.e. Cindy Crawford, Selma Hayek and
Halle Berry to create
an aspiration among its target customers( High Class Women who can afford these
products).
· Revlon’s principal customers include large
mass-volume retailers and chain drug stores, as well as certain department
stores and other specialty stores such as perfumeries. The company sells
cosmetics and skin care products to fulfill specifically consumer need,
principally priced in the upper range of the mass market.
· Revlon objective “In our factory, we make
lipstick. In our advertising, we sell hope.” reflects a strong
Emotional connect with its customers and a sense of Trust for the brand.
· Revlon
positions itself in the market on the Stage of GLAMOUR.
· Revlon Unveils Breakthrough Advertising
Campaign; Featuring Revlon Spokespeople Halle Berry, Julianne Moore, Eva
Mendes, Jaime King. Four Women. Four Stories. One Feeling (Year 2004). The campaign
brings the brand's "confident sexy" positioning to life, and creates an emotional connection
that underscores the way women feel about using Revlon's beauty products.
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