BUSINESS PLAN
The market for beauty services in Brighton is on a rise with an estimate of 20 beauty salons established in the city.
The Mobile Beauty Bar is a mobile beauty spa set in Brighton, East Sussex, offering luxurious beauty experiences. For now it specialises in providing bespoke/luxury eyelash extensions, eyelash tinting, brow threading as well as brow tinting to the local community of Brighton.
We plan to offer these services at a fraction of the prices of our competitors.
MARKET RESEARCH: the process of gathering information on target marks or market conditions.
We did this by handing out 20 questionnaires to women in Brighton. The questions asked:
1. How old are you?
2. Do you thread your brows?
3. Do
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UNIQUE SELLING POINT:
A product’s unique selling point (USP) is a factor that differentiates a product from its competitors. The Unique selling point of the services provided by the mobile beauty bar is that the prices are relatively low in comparison with the competitors in Brighton. Findings from our survey show that the average price of Eyelash extensions are £55 while ours is at £29.99, which is just about half the price.
Although the business is going to be based in Brighton, It will be a mobile service as there is so permanent location due to the limitation of capital. It will be an on demand service where an appointment has to be made and they can get the service right in the comfort of their homes. This satisfies the third C of the 4 C”S of the marketing mix which is Customer Convenience and is very important in enhancing the customer experience, because customers are very busy and have may choices so it is the venture’s objective to make the services easily accessible to consumers.
TARGET MARKET:
A target market is the market group at which a company aims its products.
The mobile beauty bar’s target market is young women in Brighton between the ages 15 and 35.
Furthermore, we are defining the target market not only by customers’ age, but also by, demographic, social, psychological and economic factors to
It is desirable to develop demographic and psychographic profiles of these likely consumers (the target audience).
The definition of true beauty continues to evolve as generations pass and new ones emerge. Ulta Beauty, a popular cosmetic store, sells products with the aim to make women feel confident in their skin. Their use of advertisements helps spread the word about new, improved product lines and reach out to potential buyers. Selling makeup is the obvious goal of a cosmetic store, but the kind of consumers they attract and how varies between different franchises. When a company displays their products in one shot instead of in a commercial, the task of conveying the message becomes harder. Ulta Beauty persuades women to purchase their products by pointing out buyers’ insecurities while still appearing to promote empowering feminist values.
Within the beauty industry client care and communication are very important. As therapist we are there to help and without good communication skills, we will not be able to gage what treatment the client requires and what would best suit their needs, also if they have any contraindications that would restrict or prevent the required treatment.
A target market denotes a section of customers that a business aims at selling its products and services to. Markets can be segmented on basis of geogrphical area, the demographic factors, the psychographic factors, and the behavioral factors of the target population. Demographic market segmentation is determined on factors such as age, sex, occupation, religion, the level of education, and generation it determines the perceived benefits of the product. Based on the demographic features, Harkins Theatres majorly targets parents and children.
Can appeal to a lot of people especially teenagers suffering with a lot of congestion and breakouts
Identifying the target market: the business’s target market is 50-65 year old females, however this is not appropriate anymore for the current demographic characteristic of the area the business is in. The business’s market segment must be encompassing of younger females as well. The business will include clothing that is suitable for females from the age of 20 all the way to 65. The business is known for selling clothing that is targeted at older women; hence it is essential that the business’s original clothing range is not completely abandoned. An expanded range which caters for women of all ages is more appropriate for the
All segments are critical for the implementation of our company’s strategy because we chose to be broad cost leaders. Cost leaders maintain a presence in all market segments by focusing on low production costs and competitive pricing. With that in mind, one segment is considered to be slightly more important than the others: the low end segment. We will compete in every market segment, but this is one of the most important due to the fact that price is the main consideration of the buying criteria at 53% importance. Our costs will be much lower than our competitors which translates into a lower market price for this product, which is ideal for our customers.
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Sephora’s current target market are women who value quality products and associate with luxury brand names. Sephora also includes products for males such as fragrance, skincare, shaving, and other products. They are well known as a beauty store for females but do not have a reputation for selling men’s products.
However a store dedicated to only cosmetics and that has a large variety of brands and products is more appealing to the customer. Another large strength that differentiates Ulta from its competitors our their in store salons. Each Ulta location has a 950 square foot salon. Equipped with 8-10 salon station. Their salons offer services such as hair cut, hair coloring, facials, manicures, and skin treatments with trained and certified beauticians. A majority of Ulta’s marketing comes from their direct mail catalog and email catalog. This gives a full display of the products they offer and includes coupons for the store. This is a great way to encourage people to shop at their store by showing all they have to offer and giving them a discount. The makeup and beauty industry is on the rise currently with many people wanting high end beauty products. Many new beauty brands are being introduced and existing brands expanding their beauty lines. Brands are fighting to get shelf space on stores such as Ulta and Sephora. This has lead to Ulta being able to charge these companies more because the demand for shelf space is so high. Struggling to compete with other brands many high end beauty products such as Bobbi
One of the most important in coming up in the marketing plan is identifying your potential customers or your target market. With this, the researchers can implement and come up with the strategies suited with the identified target market. Target market or customers are those who are likely to buy your product.
The quest for beauty is an endless endeavour at all times. Despite the old saying cautioning us that beauty is only skin deep, billions of dollars is spent on skin care products every year for men and women, young and old alike. In this multi-million-dollar industry, every company tries hard to maximize their profit. One of the most common methods they apply is market segmentation.
The beauty salon has become an almost iconic figure in Western culture and Southeast Asian culture as well as in modern generation. The beauty salon is where a woman goes to have their hair and nails done, but is also a
Dunleavy’s team used technology in innovative ways to launch the website campaignforrealbeauty.com, online vote casting, chat rooms, electronic billboards and mobile marketing events. The use of technology to market is becoming increasingly popular and Dunleavy should continue to be cutting edge in this category. The website chat rooms will give light to what women want in products and it will also develop a database to help accessing the target market preferred with mass advertising.
Mobile Beauty is a new and exciting way for men and women of all ages to be directly connected to professionals that provide needed style, therapy and personal maintenance in the comfort of your home or office. Clients using an app on their phone, order specialized beauty services that are provided in their home by a licensed beautician or Esthetician. The services available will vary from haircuts to full body massages. The Service Providers pay a monthly service fee to the company to list themselves on the site and mobile app. This listing includes a bio, portfolio of styles and an integrated calendar that takes customer appointments and manages time slots. The business will be an LLC, Limited Liability Company, mainly because it is