Week 5B: Target Market
I am pleased to
announce and introduce you to a made up company Cousha Café, my privately owned
and operated coffee shop and café. The location will be open up in North Park
of San Diego, California. Identifying the location of this store will help
outline the target market for it. North Park has a reasonably diverse population
with a large percentage of young adults from their early 20s to their late 30s
with the median age being 35 years old. I want to advertise specifically to
this age range of people while at the same time reaching out further to people
of all ages, races, genders and backgrounds. By doing more research on the
exact demographics of the population there, I will be able to further analyze
and compile data on how to cater to my target audience. This will help me
create a target market report with a specific plan for advertising. I will do
the majority of my advertising on social media. Once I have created the target
market report, I will create project goals and financial projections for my café.
If this company ever does become a reality, knowing how to establish these
projections will help me discover what I’m doing wrong and how to better reach
my target market in the future. Till next time...x
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