1. Pick a segment: The segment I chose to analyze is students at UF.
2. Interviews:
I interviewed three students at UF, all with very different schedules and
lifestyles. One person is a very good student who spends a lot of time in the
library. Another person was an okay student that goes out one night a week, but
has a very important job during the day. The final person I interviewed is not
a good student and goes out practically every night of the week. He is up very
late at night and sleeps in all morning.
3. Need
awareness: The first person said her need is most prevalent at night because
she stays at the library late and is really tired when she gets back. She does
not have the energy to go through a whole routine when she gets home and just
wants to go to sleep. The second person I interviewed said his need is most
prevalent in the middle of the day. He has a job where he is constantly talking
to new customers and clients. He said it would be very helpful to him, if after
his lunch break, he had a quick-easy way to clean his teeth and improve his
breath. He also said he obviously does not bring a toothbrush or toothpaste to
work so it would be the only way to accomplish that goal. The final person I
interviewed said he has a need for this item in the mornings. He often wakes up
hungover and groggy from the night before. He thinks it would help him get to
his morning classes faster as well as hide the fact that he didn’t necessarily
clean up the night before.
4. Information
Search: The people I interviewed all had the same answer to this question. Whenever
each of them has a need, they either call a parent, sibling, friend, or look it
up online. This means getting on the first page of google could be very helpful
because people seem to trust whatever shows up on that first page. Also,
advertising on family-friendly restaurants in Gainesville could help parents
see it as a viable solution for their kids. Finally, advertising in Midtown
will get local students talking to their friends about the product.
5. Findings:
Although I essentially summarized my findings in the previous sections, I will
do it again. Through my interviews, I determined that all three were relatively
aware of the need, but did not think it was worth looking past a toothbrush and
toothpaste for a solution. Then again, many people do not know they need
something until they are told they need it. Also, I determined that the product
was versatile in terms of what time during the day people need it. Targeting
family locations, online searches, and midtown would be a good place to begin
advertising.
6. Conclusion:
I think this segment has mediocre need awareness because they still kind of
need to be told that they have the need. In terms of information search, they
attempt to solve their issues by using a multitude of channels. However, the
common denominator was definitely family, friends, and google. I think there is
high potential for success in this market.
This comment has been removed by the author.
ReplyDeleteHello Max,
ReplyDeleteI noticed that you have a clear idea about your market segment. After all, most UF students due to their busy schedules have the need for a product like yours even without having a clear need awareness idea in their minds like you clearly wrote. I also think that you clearly explained which are the main sources of information of your interviewees and that you may have the concept of a good product on your hands.
Sincerely,
Javier Felis Perez
Hey Max,
ReplyDeleteI enjoyed how you broke up the information needed for this assignment making it easily detectable and readable. In regards to the content, I did agree that your need awareness was decent but I think your opportunity needs more flushing out to pinpoint what people really need and how they interpret your opportunity. I think an issue you might run into is market penetration but I think if marketed right and the need is met people will surely buy your product.
Best,
Austin Felter
Hi Max,
ReplyDeleteI think you did a great job of interviewing people across many different lifestyles. Each person manages their time in a different way and all still agreed that the product would help them in some way. I do think that there is a large need for a heavy amount of advertising for this product. People need to be aware of the benefits that it could bring to them, but they may never think of it on their own.
Best,
Reed Blevins
Hey Max,
ReplyDeleteI believe that you organized your post well. I like how you compounded your interviews and focused more on your analysis of them instead. It was easy to follow your sections and I found everything I wanted to read instantly. I also agree that this might be a business concept that would need additional need awareness for you to prosper.
All the best,
Luis