🔵 HubSpot Marketing Practical Textbook — 2026 Edition
Chapter 4

Segments and personalization
Graduation from “the same for everyone”

From static lists to real-time dynamic Segments, including anonymous visitors. In 2026, HubSpot will be able to automatically control "who, what, and when" to deliver using data. We will explain the whole picture of audience design, from how to implement segment design to personalization of web, email, and CTAs.

📖 Estimated reading time: 35 minutes
🎯 Target: MA design staff/HubSpot administrator
📅 March 2026 edition

📋 Contents of this chapter

  1. 4-1Moving from Lists (static lists) to Segments (dynamic segments) — what changed
  2. 4-2Building Segments — Designing filter conditions, AND/OR, and real-time updates
  3. 4-3Unified targeting of anonymous visitor segments and known contacts
  4. 4-4Web/email/CTA personalization implementation
  5. 4-5Practical examples of segment utilization — nurturing, upselling, and re-engagement
Section 4-1

From Lists to Segments — What's changed?

For long-time HubSpot users, one of the biggest conceptual changes is Shift from Lists to Segmentsis. By 2025-2026, HubSpot is shifting its segmentation focus from lists to Segments. Although the two seem similar, their design philosophies are fundamentally different.

conventional
📋 Lists
  • Contact object-centric design. For known contacts only
  • Static lists can be added and managed manually. Dynamic lists can also be delayed in updating.
  • Mainly conditions for evaluating individual contacts (property/activity)
  • Mainly used as a trigger for email delivery/workflow
  • Anonymous visitors cannot be added to the list
  • Setting conditions for object traversal is a little complicated
2026 model
🎯 Segments
  • Integrated audience design across contacts, companies, and anonymous visitors
  • Real-time updates. Addition/exclusion to the segment occurs the moment the condition is met.
  • Multidimensional conditions including behavioral data (web browsing, email responses, ad clicks)
  • Compatible with all advertising, email, web personalization, and workflows
  • Even anonymous visitors can be provisionally segmented using behavioral data.
  • AI segment suggestions (Breeze Segments) available
💡 Lists will not be deprecated — principles of appropriate usage

Lists still exist in HubSpot as of March 2026, and are still used for email distribution and some workflow triggers.Instead of "transferring completely to Segments", use Segments for new policy design, and run existing Lists in parallel while maintaining them.is a realistic migration path. HubSpot itself explains that "Segments are not a replacement for lists, but a layer that allows for more advanced audience management."

List of functions that can be used with Segments (2026 version)

functionSegments compatibleLists compatibleremarks
Email delivery both available
workflow trigger ○ (from 2025) Segments support is gradually expanding
Advertising audience collaboration △(partial) Segments recommended for syncing to Google/Meta ads
Targeting anonymous visitors Only Segments supported
Web personalization Only Segments supported
Suggestions by Breeze AI ○ (Lookalike etc.) Only Segments supported
Section 4-2

Building Segments — Designing filter conditions, AND/OR, and real-time updates

Segments are マーケティング → Segments(or CRM → Segments). Conditions can be grouped by combining AND (satisfies all) and OR (satisfies any), allowing complex audience definitions to be designed intuitively.

Configuring and operating Segment Builder

Segment Builder — Settings screen image
🎯 SaaS_Marketing Manager_MQL candidate Real-time updates
Group 1 — all conditions are met (AND)
life cycle stage is one of the following Lead / MQL
AND post Contains Marketing/PR
AND Number of employees in the range of 50 〜 500
OR
Group 2 — all conditions are met (AND)
Number of email opens in the past 30 days greater than 3
AND Visiting a specific page Visited a URL containing /pricing
247
Current number of members
+18
Addition of last 7 days
real time
Update frequency

Main properties that can be used as Segment conditions

categoryExamples of conditions that can be used
contact attributes Name, email, title, phone number, language, lifecycle stage, lead score, persona
Company attributes Company name, industry, number of employees, sales scale, ICP flag (custom), location
Web behavior Visits to specific pages, number of visits, date of last visit, length of stay, pages where forms have been submitted
email behavior Opened/clicked/unopened/stopped delivery of specific emails/number of opens in the last N days
advertising behavior Click on a specific ad, come into contact with a specific campaign, convert via ad
CRM activity Negotiation stage, date of last contact, sales representative, product purchase history, number of support tickets
⚡AND/OR design pattern: Two-stage structure of “wide selection × narrowing down”

When designing complex segments,Define a "wide audience that can be targeted" using an OR group, and narrow it down to "really targeted behaviors/attributes" using AND conditions.The two-stage structure is easy to understand. Example: "IT industry OR manufacturing industry (OR)" and "Job title is general manager or higher AND site visited within the past 14 days (AND)".

Steps to create a segment

  1. Open the Segments screenマーケティング → Segments → 新しいセグメントを作成 Click
  2. Select audience type: Select the target from "Contact", "Company", and "Anonymous Visitor" (combinations of multiple objects are also possible)
  3. Add filter conditions: Select and add conditions from properties, actions, and activities. Assemble logic with “Add AND” and “Add OR group”
  4. Check number of members in preview:The number of members is updated in real time each time a condition is added. If it is too wide or too narrow, adjust the conditions.
  5. Save and name the segment: Naming convention (e.g.[ペルソナ]_[ステージ]_[行動]_[日付]) and save according to
Section 4-3

Unified targeting of anonymous visitor segments and known contacts

One of the biggest differences between HubSpot's Segments and Lists is thatInclude anonymous visitors (unknown visitors who have not yet submitted the form)That's true. The majority of visitors to a website are anonymous, and the ability to target them has a significant impact on the efficiency of attracting customers.

How to identify anonymous visitors

HubSpot records the following information when a visitor accepts cookies, even before they register as a contact:

🌐
Browsing behavior
Visited pages, number of sessions, length of stay, source of traffic (UTM), device type, etc. are recorded based on cookies.
Cookie dependent
🏢
Identifying the company (reverse IP lookup)
Breeze Intelligence reverse-looks up the company name, industry, and size from the IP address, and can estimate "which company the access is from" even if the visit is anonymous.
Breeze Intelligence required
🔗
Linking with known contacts
If you submit a form later using the same browser, your behavior history during the anonymous period will be automatically linked to the contact. Past viewed pages will be reflected in the contact's timeline.
automatic merge

Examples of using segments that include anonymous visitors

🏭 Anonymous visitors from specific industries

Put anonymous visitors identified as "Manufacturing" in Breeze Intelligence into a Segment and target them with LP and ad retargeting for the manufacturing industry. You can receive industry-specific messages even before submitting the form.

Ad retargeting/web personalization

💰 Anonymous visitor who viewed the pricing page

Add anonymous visitors who have visited the pricing page to a Segment. Automatically display a pop-up "Do you have any questions about pricing?" chat or use it for retargeting with Google/Meta ads.

Pop-up/ad retargeting

🔄 Frequently visited anonymous users

Anonymous users who have visited the site three or more times in the past 30 days. Since the level of interest is estimated to be high, a popup or exit intent will be displayed that directs the user to a conversion-specific LP.

Exit Intent popup/LP redirect

🏷️ Non-conversions via specific campaigns

Visitors who came via an advertising campaign (utm_campaign = specific value) but have not yet submitted the form. Re-approach with another creative from the same campaign or use for retargeting with paid ads.

Ad retargeting/A/B testing
⚠️ Anonymous visitor targeting and privacy laws

Anonymous visitor behavior data is collected through cookies, soProper installation of cookie consent banner is a prerequisite.becomes. If a visitor rejects cookies, they will not be added to anonymous segments. Additionally, since identifying a company through reverse IP lookup is information at the "company level" and does not identify individuals, separate confirmation is required from the perspective of the Personal Information Protection Act. Consult with your legal team before designing one.

Section 4-4

Web/email/CTA personalization implementation

After defining Segments, the next step is to implement personalization that "distributes" content according to the Segments. At HubSpot Three channels: web content, email, and CTAPersonalization is available.

Comparison of 3 channels of personalization

channelContents that can be distributedFunctions usedplan
Web content Headline, text, images, CTA, entire banner Personalization (Content → Personalization) Professional〜
email Subject, body text, images, CTA buttons, merge variables Personalization token/smart content Starter~ (Basic) / Professional~ (Smart Content)
CTA Display entire CTA (button, image, text) Smart CTAs (explained in Chapter 3) Professional〜

How to set up web personalization

HubSpot's Personalization feature (コンテンツ → パーソナライゼーション) allows you to switch the displayed content depending on the visitor segment, even on pages with the same URL.

🎨 Personalization demo — image of sorting on the same page
manufacturing visitors
SaaS company visitors
Existing customers
Default (uncategorized)
HubSpot automates on-site challenges in manufacturing
Automatically manage parts ordering, inventory alerts, and customer follow-up on one platform. You can view implementation examples for the manufacturing industry for free.
See examples of implementation in the manufacturing industry →
  1. Create personalization rulesコンテンツ → パーソナライゼーション → ルールを作成 Set the target segment and display content from
  2. Select target content type: Target any HubSpot CMS page, blog, or LP (external CMS is not supported)
  3. Select the module you want to edit: Select the module (text, image, button, etc.) you want to distribute in the page editor and click "Add smart rule"
  4. Enter content for each segment: Enter the content of the target segment (headline, body text, image, CTA text). Default content is displayed for unconfigured segments
  5. Check and publish in preview: Check the display in each segment with a preview, and if there are no problems, publish it.

Email personalization implementation

There are two main types of personalization in email.①Personalization token(merge variable) and ②Smart content(content block by segment).

segment
Example of subject line
Example of how to display the main text
Example of CTA
new lead
(first conversion)
“3 steps to use HubSpot that you should know first”Strengthen the introduction/introductory theme
Overview/Mechanism explanationA detailed explanation of what you can do with HubSpot. avoid difficult terms
"Receive the Getting Started Guide"
"Watch free demo"
Nurturing
(Multiple conversions completed)
“[Case study] How 〇〇 company doubled the number of business negotiations in 3 months”Appeal to results/ROI
Specific usage examplesFocus on success stories of customers in similar industries and scales
"Download case studies"
"Join the webinar"
MQL
(High score/near business negotiations)
“[For Mr. Yamada only] Please tell us your requirements during a 30-minute demo.”Create a one-on-one feeling
solution proposal colorIntroducing features and plans that are directly connected to the other party's issues. Enter the name of the person in charge
"Book a demo (30 minutes)"
"Contact the person in charge directly"
Existing customers
(currently in use)
“〇〇Features have been added — New features available in Professional”Product update appeal
Promotion of utilization/upsellingIntroducing features that are not currently used and presenting issues that can be solved with higher-level plans
"Try new features"
"See top plans"
✅ How to use personalization tokens

In the subject/body text {{contact.firstname}} or {{contact.company}} will be automatically replaced with the contact's property value during delivery.Simply including your name in the subject line can increase open rates by 20-30%.There is also a survey result. However, be sure to set a "fallback value (default value when not entered)"; if the property is blank, the token will be displayed as is, such as "Hello, {{contact.firstname}}".

Section 4-5

Practical examples of segment utilization — nurturing, upselling, and re-engagement

No matter how carefully the Segments are designed, it is meaningless unless it is connected to actual marketing measures. Here, we will look specifically at how to utilize segments in three typical use cases.

Use case 1: Lead nurturing

Develop "leads who have not done anything since downloading materials" step by step and raise them to MQL.

Nurturing segment design flow
Materials downloaded
(Segment A)
Open email after 3 days
(Move to Segment B)
Visit price page
(Promoted to Segment C)
MQL automatic promotion
→ Notify sales

The moment each Segment's conditions are met, contacts are automatically moved to the next segment and workflows are triggered.No need for personnel to manually manage lists. It is designed to automatically advance to the "next step" each time a contact takes an action.

Use case ②: Upselling to existing customers

Identify customers who are currently on the Starter plan but are showing signs of needing Professional features.

segment nameconditionsaction
Starter_Upsell candidate A Currently using Starter AND Visiting the Professional feature page AND Users have been using for more than 6 months Notify Customer Success + Send upgrade information email
Starter_Upsell candidate B Currently using Starter AND Participated in the webinar (higher plan introduction) AND Asked about features via chat 30-minute personalized demo invitation email + smart CTA for upgrades
Highly engaged customers Number of logins in the last 30 days ≥ 20 AND Number of support tickets = 0 AND NPS score ≥ 8 Introductory program information + Inquiry about case studies

Use case 3: Re-engagement of dormant leads

Identify contacts with no activity for a period of time as "dormant" and attempt to re-contact them.

⚡ Naming rules and periodic inventory to reduce segment management costs

Management becomes complicated as the number of Segments increases.Naming convention:[対象]_[ステージ]_[行動条件]_[作成月](example:SaaS_MQL候補_料金ページ訪問_202604), and get in the habit of taking inventory of "unused segments" and deleting and merging them every quarter. You can check the last use date on HubSpot's Segments management screen.

📌 Chapter 4 Summary

Shift from Lists to Segments

Segments supports anonymous visitors, real-time updates, AI suggestions, and ad collaboration. Lists are not deprecated; new designs should use Segments.

AND/OR two-stage configuration

Define your audience broadly with OR groups and narrow it down with AND conditions. Design while checking the scale with Segment Builder's real-time preview.

Utilizing anonymous visitors

Identify companies with Breeze Intelligence's reverse IP lookup and infer interests based on browsing behavior. Action history is automatically merged after form submission.

Web/email/CTA distribution

Up to 4 to 5 types of content can be set for each segment on the same page. Optimize the subject line and body text individually using personalization tokens.

Nurturing automation

By using behavioral triggers to automatically move between segments, you can create a system where leads can move on to the next step without manual management by the person in charge.

Clean up dormant leads regularly

Attempt to re-engage leads that have been unresponsive for over 90 days, and unsubscribe if they still do not respond. List cleanliness maintains overall delivery quality.

Next Chapter: Chapter 5 Email Marketing — Designing to Maximize Opens, Clicks, and Conversions

A thorough explanation of email distribution, which is the core channel of marketing. It covers all email design techniques, from how to use bulk delivery, automatic delivery, A/B testing, and AI optimization (AI-Powered Email), to managing delivery quality (delivery rate and spam avoidance), and individual optimization using smart content.

Chapter 5 →