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What is market segmentation?
It’s the process of dividing customers into more refined groups of buyers based on selected characteristics to execute targeted outreach. When you apply a b2b customer segmentation strategy, you’ll improve pipeline velocity, close more deals, and increase your average contract value.
Think of it this way, would you prefer to paint a masterpiece with a roller or a brush? Applying broad strokes might be quick and easy, but when you’re more precise in your application – focusing on specific audiences that show a demonstrated interest in your product or service – your results are likely to be more impactful. This precision is the essence of effective b2b customer segmentation.
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