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  Published Paper Details:

  Paper Title

Market Segmentation: Understanding the Behavior of Customers and Launch a Targeted Market Campaign

  Authors

  Manoj Tilakchand,  Adi Vikram Dileep,  Appikatla Bhargav Charan,  Chippala Devi Chand,  Dr.V.Sreenivas

  Keywords

Market Segmentation,Customer Segmentation,K-Means,Clustering,PCA

  Abstract


The project aims to enhance sales by pinpointing customers who successfully make purchases within their budget, whether through installments or upfront payments, and then launching targeted marketing campaigns toward this specific segment. A dataset has been gathered containing various customer attributes such as ID, balance, purchase behavior, installment plans, cash advances, credit limits, payments, and tenure. By analyzing these features among existing customers, the marketing strategy can be tailored effectively to increase company sales by focusing on specific clusters of customers who demonstrate responsible spending behavior within their financial means. Finally, an analysis of each cluster's characteristics is conducted to gain insights into the distinct segments of customers. This method allows companies to customize their marketing plans and offerings to specific customer groups, thereby enhancing customer satisfaction and maximizing profitability.

  IJCRT's Publication Details

  Unique Identification Number - IJCRT24A4830

  Paper ID - 258532

  Page Number(s) - p948-p953

  Pubished in - Volume 12 | Issue 4 | April 2024

  DOI (Digital Object Identifier) -   

  Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882

  E-ISSN Number - 2320-2882

  Cite this article

  Manoj Tilakchand,  Adi Vikram Dileep,  Appikatla Bhargav Charan,  Chippala Devi Chand,  Dr.V.Sreenivas,   "Market Segmentation: Understanding the Behavior of Customers and Launch a Targeted Market Campaign", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.12, Issue 4, pp.p948-p953, April 2024, Available at :http://www.ijcrt.org/papers/IJCRT24A4830.pdf

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ISSN: 2320-2882
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Journal Starting Year (ESTD) : 2013
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ISSN and 7.97 Impact Factor Details


ISSN
ISSN
ISSN: 2320-2882
Impact Factor: 7.97 and ISSN APPROVED
Journal Starting Year (ESTD) : 2013
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