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A Life Cycle Segmentation Approach to Marketing Financial Products and Services

    • Susquehanna University

    Research output: Contribution to journalArticlepeer-review

    Abstract

    State-of-the-art market segmentation is becoming an important strategic tool in the continuing evolution of the financial services industry This article, focusing on a life cycle segmentation approach, indicates that the importance attributed to financial choice criteria and financial services varies as consumers pass through an orderly progression of life cycle stages. Thus, the results suggest that marketers in the financial services industry should adopt a life cycle marketing based system to more fully satisfy the needs/wants of their customers.

    Original languageAmerican English
    JournalService Industries Journal
    Volume19
    DOIs
    StatePublished - Jul 1 1999

    Keywords

    • Financial services industry
    • Marketing
    • Commercial products
    • Service industries
    • Finance companies
    • Financial management
    • Industrial management

    Disciplines

    • Business Administration, Management, and Operations
    • Marketing

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