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Target Markets : A Target Market

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5.3 Our Target Markets We have segmented our markets by living arrangements (dormitories or off-campus), year of study and by country of origin. Our research showed that students living in dormitories that are going out of province for their summer vacation in first and second year are our most attractive markets. Some of these students remain attractive in later years as secondary targets. Figure 8 illustrates our target markets by year of study and place of domicile. 5.3.1 Primary Target Market Our primary target markets are ranked 1 and 2 in the scoring matrix. They will be first-year students who live outside Ontario with their family – either internationally or in another province. This same group will continue to be a primary target market as they graduate to second-year but will no longer be a primary target as they graduate into third-year. The total size of these four groups is: 2,562 international, out of province, first, and second-year students. 5.3.2 Secondary Target Market Our secondary focus markets are ranked 3 and 4 in the scoring matrix. These groups will include students who live in Ontario outside the immediate geographic region of London. It will also include international students as they graduate into their third year of studies. In our first forecast year, this cohort comprises 12,063 students. 5.4 Sources of Information – How Students Research Storage Options We asked each respondent to identify one or more of the following channels that they

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