• Our brand targets all people that are interested on the
newest trending clothes for all ages.
• However, our targeted customers are usually high
school and university students, their age group is: 15 – 25.
• Income level: is mostly depended on parents, part time
jobs, or limited budget Primary research
To obtain insights into popular designs, colors, trends, and
fashion preferences among potential clients, conducting focus groups can be a useful method. By facilitating a discussion among peers, it is possible to obtain information that may not have been obtained through traditional market research methods. Engaging in first-hand meetings with industry professionals, such as designers, suppliers, and independent store managers, can be a highly valuable source of information. Conversations among peers can provide more valuable insights than market research reports. It is important to determine the topic of discussion and encourage brainstorming among the group. Conducting interviews can be an effective method, particularly when exploring a new customer segment. By sitting down with potential customers and understanding their needs, preferences, and buying habits, it is possible to gain a deeper understanding of what motivates them to purchase from your business. This information can then be used to develop targeted marketing strategies to better engage this segment. Secondary research Lunr plans to begin by conducting secondary research to gather information about its target customers from existing sources. This will involve identifying its target market through various sources. To obtain information about the customers of existing businesses in the market, we will reach out to these businesses and request data about their customer demographics, preferences, and purchasing behaviors. We will also gather pricing and sales data for hoodies and jackets from the stores that sell them, in order to identify trends and patterns over different months of the year. This data will help us develop effective pricing and promotion strategies. Additionally, we can explore obtaining demographic data from government agencies that maintain population census data. This information will be useful in forecasting sales and planning our promotion mix for our product. Overall, by gathering information from various secondary sources, lunr can develop a more informed understanding of its target market and create a tailored marketing strategy to effectively engage its customers.