The business I chose to represent for the
duration of the course is my current employer, a charity called Cancer for College that provides college scholarships to cancer survivors. Selecting a
target market was a bit challenging because we have two distinct markets – one
is the donor and the other is the recipient. For the purpose of this class, I’ve decided to market
towards the recipient with the goal of increasing the awareness of the
scholarships we provide and ultimately gaining more applicants.
And so, the analysis of my target market
includes:
Demographic
Analysis:
Young men and women aged 17-25
Cancer
patients or cancer survivors
College
students or high school seniors
US
residents attending school in the US
Most likely financially burdened by cost of cancer treatments
Most likely financially burdened by cost of cancer treatments
Psychographic
Analysis:
Motivated
to succeed
Believe
in the value of a college education
Willing
to work hard despite setbacks and challenges
(Being a Will Ferrell Fan is a plus, because he is our celebrity superhero)
(Being a Will Ferrell Fan is a plus, because he is our celebrity superhero)
Behavior
Analysis:
The
individuals in our target market are willing to do the work required to apply
for scholarship funds to assist in paying for their college tuition. They are students who have overcome the
challenge of a life threatening disease and have not let cancer beat their
spirit or dampen their dreams.