1) Pick a segment. In
class, we have discussed how you might intuit the existence of segments that
might exist in your venture's market. For this exercise, you must pick one
segment.
For this portion of the project we will be focusing on Demographics;
age groups, gender, life cycle and income. There will not be inclusion of race/religion
due to the “all-inclusion” goal for the company.
2) Find three people
who would fit that segment and arrange to interview them. These interviews, if
conducted properly, should take about 10-15 minutes. Any less, and you won't be
able to obtain adequate information.
Swim parent: Single- Middle Class
Student Athlete: Age 18- upper class family income
Student athlete And Parent (for parental consent to use their
words in an interview): Age 14 - Middle class family income
3) Begin with need
awareness. In earlier exercises, you have identified an unmet need and
developed a solution. If the person you are talking to does not have the same
unmet, then you need to move on. You may not include this as one of your three
interviews. If the person you are talking to does have the problem, then you're
on the right track! For need awareness, we need to figure out at what times,
situations, places, contexts, etc., their need becomes the most salient. The
questions you ask should be related to determining exactly when, how, and where
their need awareness occurs.
All are included in the interview portion below.
4) Move to
information search. When the person you are interviewing becomes aware of their
need, what is the very first thing they do to find a solution to their problem?
What sources of information do they look for? When they search in Google, what
are their search terms? Do they talk to friends and family.
Single parent- Middle Class: Once prompted, the first series
of questions were the cost, the exact location, if we would be participating
with USA Swimming, or a separate entity altogether, the times and what the
websites name would be. I informed them that a good research tool when
searching for our new team would be to include the terminology “Elite” to shorten
their listings. When questioned once more about the use from this particular
family for the option of a new swim team it became apparent that there was a
focus on their particular situation and how the team could benefit them specifically.
We told them the times would be alternating between the school year to better suit
the parents needs during work hours, allowing an opportunity for this parent to
have the ability to pick up their child during lunch breaks, which was a
concern initially. Because this particular parent is single, the need became obvious
that working around a schedule would become more problematic for these situations.
Student Athlete (Age 18): Introduced to the program, and
primary focus was the location. This athlete travels 45 minutes to a team for a
program that has more of a coach to athlete ratio. When told the location of
this new club, the interest in the team peaked. The first things that were
asked was when the club would be established, the costs of the club, the costs
of private lessons and the technology behind the club. As a younger generation
member, the interest in apps for videos to be viewed was more of a concern,
after the location and cost. Due to the athlete being older and the program
being introduced after his graduating year, he was more so concerned with the
ability to train individually. When prompted if he would be interested in bringing
any of his friends to the club he listed a few people that would be interested in
the younger age group program with a group swimming.
Student athlete and parent: Age 14 - Middle class family
income: Being the youngest age group, the parent was concerned with the amount
of kids in the program and the growth expansions that are expected. She, and
the student athlete, were concerned with the amount of kids their age given the
closeness of the Davidson College. There was a major concern for ensuring with the
status “Elite” that there would be the younger generation available to compete
with. The next standards would be the amount of traveling that would partake.
With the club fees being addressed last. When asked what they would use to look
up the program they informed us that they would attempt to look through USA
swimming, and brought up that there would be a need for those registrations due
to the championship series being all qualifiers.
5) Report the
findings of your research. Simply summarize what you learned in the interviews.
The main focus of location and cost are the biggest concerns
throughout the multiple demographics. The age groups coming in second as the
next concern, which was something we were not aware that should be advertised
as much.
6) Draw conclusions.
Based on what you know about this segment and what you learned in your
interviews, how would you succinctly describe this segment in terms of need
awareness and information search?
Regarding information search, I think it would be in the
company’s best interest to partner with USA swimming and become recognized
through that program. The amount of users and athletes familiar with this
program will ultimately look into competitions sanctioned by them, as well as
clubs qualified and accredited through their program. Next concern would be
address that there is a strict difference between college athletes and age
group athletes, given the proximity to Davidson College. Addressing the parents
concerns about costs seemed to be the less of the focus, as much as the
location was. Ensuring the proper age group is brought in to the program and
highlighting the location seem to be the utmost concern to the guidance and future
accomplishments of the company.
Targeting parents and seeing the transcriptions from those parents in your interviews is very fascinating. I also really enjoyed seeing the age and class grouping for each person. Truly, it gave great input on the future statistics your business may cover in the future. Regardless, it poses a unique and creative business for you to delve into proceeding this class.
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