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My Target Market For A New Self Propelled, Robotic Lawn Mower

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Every day, hundreds of new products are introduced into the market. When launching a new product, companies face many difficult decisions such as choosing the optimal target market. Determining the best target market for a new self-propelled, robotic lawn mower will require proper segmentation, targeting, and positioning. The consumer market should be divided with demographic and geographic segmentation; the entrepreneur should target middle-aged and elderly homeowners in sweltering locations; and the company should apply a “more for the same” positioning strategy.

Demographic and geographic segmentation should be used to view the market structure. The use of multiple segmentation bases allows for a more accurate analysis of the market. Demographic segmentation, particularly age and life-cycle segmentation, should be applied on the population. The segments would consist of children, young adults, middle-aged adults, and elderly or disabled individuals. According to Mintel, higher-income households are “more likely to purchase DIY home improvement items” such as a robotic lawn mower. Generally, middle-aged and elderly individuals have higher incomes or savings in comparison to the remaining population; these individuals can afford houses with spacious lawns which require frequent mowing. Children are dependent on their guardians, while young adults are more likely to live in temporary housing such as apartment complexes where lawn mowing is managed by third parties such as

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