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Description of Target Consumer

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Presentation on theme: "Description of Target Consumer"— Presentation transcript:

1 Description of Target Consumer
Market Analysis Market Statistics Industry Name: Mental Health Services Annual Industry Sales: $24 Billion Description of Target Consumer Demographics Geographics Guardians of children Ages 10-21 Hartford County Psychographics Buying Patterns Grieving/ mourning stages Depressed Anger issues Guardians that’re willing to spend their money on the mental health of their child Total Population Target Market Population 898,000 Market Size (based on survey) Target Market Size 205,600 Counsel til’ Closure is in the Mental Health Services Industry and Americans spend $24 Billion on this industry every year. I target the guardians of children ages 10-21, that are in the grieving and mourning stages, are depressed, and have anger issues. Buying patterns are the guardians that are willing to spend their money on the mental health of their child. The total population of Hartford County is 898,000 people and my target market population is 205,600 people. I predict that I will get the attention of about half a percent of my target market within the first year. 1,000

2 Description of Target Consumer
Market Analysis Market Statistics Industry Name: Hair Care Services Annual Industry Sales: $41 Billion Description of Target Consumer Demographics Geographics Young women/men years old African American Hartford County Psychographics Buying Patterns Likes to have an all natural look Willing to spend whatever it takes to get the look and not have chemicals in their hair Total Population Target Market Population 898,272 Market Size (based on survey) Target Market Size My business is Unruly Kurly, Unruly Kurly would fall in the industry of hair care services, Americans spend about $41 billion on this industry I started with the Hartford county and brought it down to 110,000 because I found out that was the amount of young colored women/men that were between the ages of I believe that I would capture the eye of at least 10% of these people. 110,000 11,000

3 Description of Target Consumer
Market Analysis Market Statistics Industry Name: Sports & Recreation Annual Industry Sales: $43 Billion Description of Target Consumer Demographics Geographics Young Adults or Teens from the age of 14-18 Hartford CT Psychographics Buying Patterns Teens who want to play flag football and have never tried it. Purchase one membership for a season. Total Population Target Market Population 124, 500 Market Size Target Market Size Pharoh : top box Luis: Target market size Pharoh: Demographics chart 6,225 311

4 Description of Target Consumer
Market Analysis Market Statistics Industry Name: Snack Production Annual Industry Sales: $35 Billion Description of Target Consumer Demographics Geographics Male Female Ages 13 and over New Britain, CT Psychographics Buying Patterns Those who have a sweet tooth Those who have little time Willing to spend money for dietary purposes Total Population Target Market Population 73,200 Market Size (based on survey) Target Market Size Sweet tooth to go is in the snack production industry and Americans spend $35 billion dollars on this industry every year CONCENTRATE ON ABOUT 3% OF OUR TARGET MARKET FOR THE FIRST YEAR WE CONCENTRATED ON NEW BRITITIAIN CT AND CONCINTRATED ON THOSSE 13 AND OVER who have little or no time like desserts 61,190 1,835

5 Description of Target Consumer
Market Analysis Market Statistics Industry Name: Candle Manufacturing Annual Industry Sales: $2.3 Billion Description of Target Consumer Demographics Geographics • 95% female • 25 to 65 years old • Middle to high income • Connecticut Psychographics Buying Patterns • Allergies/skin sensitivities • Enjoy interior design • Creative • Increase during holidays because 35% of candles sales go up during holidays Total Population Target Market Population 3,600,000 Market Size (based on survey) Target Market Size 600,000 Selma A: So Scentsational is in the Candle Manufacturing business and Americans spend 2.3 billion dollars on it yearly. We decided to focus our sales in Connecticut which has a population of 3.6 million people. As the chart shows, we defined our target market as mainly females aged 25 to 65 who have a middle to high income in the Connecticut area which makes 600,000 people in our target market population. Our market size is roughly 1,500 people which we figured out by concentrating our marketing and sales efforts on about a quarter of a percent of our target market. 1,500

6 Description of Target Consumer
Market Analysis Market Statistics Industry Name: Video Game Annual Industry Sales: $10 Billion Description of Target Consumer Demographics Geographics Gamers Ages Middle to High income Online (in the U.S. primarily) Psychographics Buying Patterns People who are interested in competitive gaming Twice a month Total Population Target Market Population 280 Million Market Size (based on survey) Target Market Size The video game industry does 10.5 Billion dollars in revenue each year. 280 million people in the U.S. have access to the internet and 55 million of those people would consider themselves as gamers. Since my target market size is so big I choose a realist number for my market size. 55 Million 2,000

7 Total Population of targeted geographic area Target Market Population
Market Analysis Market Statistics Industry Name: Linens Industry Annual Industry Sales: $11 Billion Total Population of targeted geographic area Target Market Population 3,574,097 Market Size Target Market Size Description of Target Consumer Demographics Geographics Military families (Parents) Connecticut Psychographics Buying Patterns Helps military families (more toward children) deal with stress Willing to buy a personal gift for a family member for comfort My business belongs to the Linens industry. The annual industry sales are $11 billion. My demographics are military families. My geographic is Connecticut. My psychographics deals with military families to help them with stress. My target market are people willing to buy gifts for a family member to help them cope with the stress of a parents deployment. My target market size starts off in Connecticut with a population of about 3.5 million people. My target market population would be the parents that are paying for my hero hug pillows but the secondary target market would be the children of Connecticut which is about 10,000 military children. 10% of my target market population is 1,000 children, within my first year about 1,000 will know of me within that year. 10,000 1,000

8 Description of Target Consumer
Market Analysis Market Statistics Industry Name: Sports Coaching Annual Industry Sales: $5 Billion Description of Target Consumer Demographics Geographics Adults Ages 20-70 Can’t swim or want to learn to swim better Hartford, CT West Hartford, CT Psychographics Buying Patterns Afraid of drowning Want to learn to swim Adults willing to pay for quality 1-on-1 swim lessons and want to get over their fear of the water Total Population Target Market Population 188,000 Market Size (based on survey) Target Market Size 102,000 Sink or Swim is in the sports coaching industry and Americans spend $5 Billion annually. Sink or Swim is in the service of providing swimming lessons. My target market is adults of ages who live in the Hartford county area. Who focus on personal health and lessons, who pay for items and lessons to help them stay fit. My total population is from the west hartford and hartford area. Which is 188,00 people. I took 54% of the Total poplulation to get my target market population of 102,000 and took half a percent to get my market size. my market size is 508. 508

9 Description of Target Consumer
Market Analysis Market Statistics Industry Name: Health Supplement Industry Annual Industry Sales: $6 Billion Description of Target Consumer Demographics Geographics Ages between 22 and 45 Males and females Connecticut Psychographics Buying Patterns Desire to be healthy Tired of poisoning their bodies Consumers gain headaches Willing to spend money on all-natural products Total population of targeted geographic area Population of target market 3, 580, 709 Market size (based on survey) Target Market Size 19, 709 600


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