Overview
In this milestone, you will select the product that will be the basis for all of your work on the project from the list provided in the Project Guidelines and Rubric. Then you will conduct research on the target market and develop a persona, which will guide your decisions and work on the remaining marketing plan components for the project. The product is below.
Nestlé
Chocolate Bliss’s mid-price range baking products, sold to grocery stores, compete directly with Nestlé.
You will receive instructor feedback on this milestone, revise your work, and add it to your project submission.
Specifically, you must address the following rubric criteria:
Product Selection
Name the product you selected. This product must be one of those listed in the Project One Guidelines and Rubric and will form the basis for all of your work on the project.
Demographic and Psychographic Characteristics
Conduct target-market research to determine who the potential buyers of your chosen product are, and research to identify the key demographic and psychographic characteristics that will allow you to understand your buyers’ needs, wants, and preferences so you can market to them effectively.
Identify the following demographic characteristics, based on your research: age, gender, occupation, level of education, income level, marital status, and number and age range of children.
Identify the following psychographic characteristics, based on your research: hobbies and interests, wants, current product-related buying behavior, goals, product-related preferences, shopping preferences, and lifestyle.
Persona
Based on your research, create one fictional persona that represents members of the target market. A persona is a portrait of a typical example of an actual person who is a part of the target market.
Your persona should be an accurate representation of individuals that belong to the target market.
Your persona must include all of the required elements in the Persona section of the Module Two Milestone Worksheet.
What to Submit
500 – 700 word document in APA format. Work cited as well.
Requirements: 4-5 pages