assessment of unmet need

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Delightful Designated Drivers Assessment of Unmet Need Team D: Fabiola Perez, Jenny Park, Nancy Felix, Byron Carbajal

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Assessment of Unmet Need. Team D : Fabiola Perez, Jenny Park, Nancy Felix, Byron Carbajal . Objectives . Define our PTA Locate potential customers Conduct market research to: Learn buying habits Establish location to enter market Interpret results of market research Determine CVP - PowerPoint PPT Presentation

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Page 1: Assessment of  Unmet Need

DelightfulDesignatedDrivers

Assessment of Unmet Need

Team D: Fabiola Perez, Jenny Park, Nancy Felix, Byron Carbajal

Page 2: Assessment of  Unmet Need

DDD

Objectives Define our PTA Locate potential customers Conduct market research to:

Learn buying habits Establish location to enter market

Interpret results of market research

Determine CVP Evaluate Customer Feedback Overall assessment of unmet

need

Page 3: Assessment of  Unmet Need

DDD

Primary Target Clearly Defined Customers

Ages 25-34 Males and Females Psychographics

Lifestyle Frequent Drinkers Enjoy bars & night clubs

Income >$35,000 How decision was made

Location

Page 4: Assessment of  Unmet Need

DDD

Desired Location

Page 5: Assessment of  Unmet Need

DDD

32 Surveys 19 Males 13 Females 56% between

ages 25-34 50% >$35,000

11 Questions Average # of

times they go to bars/night clubs 6x a month

Survey Details Alcohol

consumption 53% 4-6

beverages 25% 7-9

beverages 13% >10

17% Never heard of this business idea

Page 6: Assessment of  Unmet Need

CVP Positioning Statement

We asked our target group questions to assess if there was truly a Customer Value Proposition (CVP)

Have they ever left there vehicle overnight? 69% said Yes

Have they used a cab or other DD service? 56% said yes

Page 7: Assessment of  Unmet Need

CVP continued When asked if they would pay:

81% Yes

Reasons why they wouldn’t: Too Expensive

Likeliness of using service? 81% said they were likely

25% were very likely Concept is a customer benefit

$25 flat price (5 miles only)$40.00 (1st 10 miles + $2.00/a mile thereafter)$60.00 (1st 20 miles + $2.00/a mile thereafter)

Page 8: Assessment of  Unmet Need

DDD

Most important factors in choosing our service 1. Convenience 31%2. Price 27%

Preferred means to purchase service? 1. On Location 45% 2. Phone call 18%

Preferred method to receive information?1. Bars/Nightclubs 37%

Customer Input

Page 9: Assessment of  Unmet Need

DDD

Hypertargeting Internet 33%

2nd preferred method Establish cost effective ways to

reach consumers Hypertarget/Hypersegments Hypertarget Dimension

Age 18-24 25-34 35-50 51+Gender M F - -Income <$20,000 $21,000-34,000 $35,000-50,000 $51,000+Location Long Beach Pasadena Marina Del Rey Arcadia Interest Reading Movies Bars/Night Clubs Family

Page 10: Assessment of  Unmet Need

DDD

Left Vehicle Behind Price Alcohol Consumption0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Key Factors for Unmet Need

91%

81%

Overall Assessment

69%