marketing business plan

This Week’s Discussion Post

For this week’s discussion, please respond to the following:

• Describe the target market for your chosen company, whether it's based the snack food company scenario or a start-up company of your choosing. Be sure to include the following:
  • Demographic Description: Age, income range, gender, family size, education, occupation, et cetera.
    • Example: A likely user for X product is a male aged 25–34 who earns between $35,000 and $55,000 per year and has a four-year college degree.
  • Geographic Description: Area you would like to serve, density (urban, rural), nature of location (mall, business center, et cetera), climate condition.
    • Example: Atlanta.
  • Lifestyle Description: Where do your customers shop, what do they do for leisure, what kind of clothes do they wear, what type of cars do they drive, et cetera?
  • Psychographic Description: How would you describe your target market, for example, socially responsible, trendsetters, or fun-seeking?
  • Purchasing Pattern Description: How will your target market use the product, how many times will they buy it, where do they buy the product, how do they pay for it, et cetera?
  • Buying Sensitivities Description: What factors are important to the customer before they buy (price, quality, customer service. packaging, et cetera)?

*****THIS IS MY BUISNESS IDEA******* USE THIS AS THE GUIDE, I need a plan to reach 1 million in sales by the end of 2021. I am selling these products within a 100 miles radius of my home in Columbia, South Carolina.

Company Description:

My company places emphasis on sexual enrichment. The libido strengthening properties of certain aphrodisiac essential oils have a permanent place in the market. I will bring something new to the market and/or fill the gaps in current offerings by blending various organic and essential oils specifically formulated to enhance arousal. POTION 69 is for all phases of adult life, designed to support human pleasure and sexual wellness.