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THE RISE OF SINGLE WORKING MOTHERS Jason Earles, Chelbi Jackson, Alpa Khatri, Zach Montgomery Dr. Parish, MKTG 321-102

Target Market Project

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This is a powerpoint for my Intro to Marketing class in which we created a target market and identified its unment needs. Also includes segmentation variables and market size estimation.

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Page 1: Target Market Project

THE RISE OF SINGLE WORKING

MOTHERS

Jason Earles, Chelbi Jackson,

Alpa Khatri, Zach MontgomeryDr. Parish, MKTG 321-102

Page 2: Target Market Project

ENTERTAINMENT INDUSTRY Focused towards singles or

traditional families Neglects single parents

Page 3: Target Market Project

SEGMENT AND TARGET MARKET

Neglected market

“9-5” Single Mothers With Young Children in Urban Areas of the United

States Quickly increasing

Page 4: Target Market Project

SEGMENTATION VARIABLES

Gender Marital Status Working Status Income Level Geography

Page 5: Target Market Project

MARKET SIZE ESTIMATION

Calculation:

Estimated market size= [SPS] x [GV] x [MSV] x [WSV] x [ILV] x [GLV]

Single Parent Size (SPS)- 14,700,000

Gender Variable (GV)- 84%

Marital Status Variable (MSV)- 80.9%

Working Status Variable (WSV)- 65%

Income Level Variable (ILV)- 86.5%

Geographic Location Variable (GLV)- 82%

Estimated market size= 4,605,623.781 ≈ 4.6 million

2006 2007 2008 20095

7

9

11

13

15

10.3

13.7 14 14.3

Number of Single Mothers in the U.S. (in millions)

Page 6: Target Market Project

RESEARCH

Primary Interviewed single moms

Secondary U.S. Census Bureau Eleanor Foundation My Best Segment Online Articles

Page 7: Target Market Project

BIGGEST FOCUS…

“The biggest focus for me as a single mother is the healthiness and affordability of various goods and

services.”-Sandra Stepp

Page 8: Target Market Project

UNMET MARKET NEEDS Stress Relief Social Scenes Discounted Ticket Prices Family-oriented Movies

Page 9: Target Market Project

UNMET MARKET NEEDS CONT.

Family Restaurants Packaged Lunches Day Care Child-friendly

Technology

Page 10: Target Market Project

BIBLIOGRAPHY http://

eleanorfoundation.org/news/news2009/efpr_051309_singlemothers.php

http://factfinder.census.gov/servlet/ADPTable?_bm=y&-geo_id=01000US&-qr_name=ACS_2008_3YR_G00_DP3YR2&-ds_name=ACS_2008_3YR_G00_&-_lang=en&-_sse=on

http://singleparents.about.com/od/legalissues/p/portrait.htm

http://www.psych.ku.edu/dennisk/PF642/Single%20Parenting%20Remarriage%20and%20Blended%20Families.pdf

Page 11: Target Market Project

IMAGE BIBLIOGRAPHY Baby Boom http://cache.jezebel.com/assets/resources/2008/02/babyboom022208.jpg

Bristol Palin -http://www.babyosphere.com/pics/bristol_palin_baby.jpg

Day Care- http://thecia.com.au/reviews/d/images/daddy-day-care-8.jpg

Disney Family -http://gr8-4u.com/Disney/images/FamilyatDisney.gif

Event ticket- http://easydigitals.com/wp-content/uploads/2009/06/tickets.jpg

Grocery Mom -http://www.zoeinstitute.com/clientimages/45863/single-mom.gif

Jamie Lynn Spears -http://www.babble.com/CS/blogs/famecrawler/2008/07/16-22/13763.jpg

Kate Gosselin -http://www.celebrityfreakshow.com/wp-content/uploads/2009/11/kate-gosselin-bday-supplies.jpg

Kourtney Kardashian -http://images.eonline.com/eol_images/Entire_Site/20100114/300.kardashian.disick.lc.011410.jpg

Leave it to Beaver http://mynotetakingnerd.files.wordpress.com/2009/10/leave-it-to-beaver.jpg

Lifetime Fitness- http://robertstanke.com/storage/post-images/life-time-fitness/lifetimefitness-club-image.jpg

Lunchables- http://obviatemedia.net/wordpress/wp-content/uploads/2009/07/lunchablespizza.jpg

Rosie the Riveter- http://1.bp.blogspot.com/_F95FLocwbA0/SZ0FEasotfI/AAAAAAAAAXA/zH_yCi0GFCo/s320/rosie+with+baby.jpg

Millionaire Matchmaker -http://channelmaster.info/wp-content/uploads/2010/03/The-Millionaire-Matchmaker-S1.jpg

Mothers Poster -http://farm4.static.flickr.com/3138/2482102625_42060e6a4b.jpg?v=0

Neon Lights- http://ontheedgemarketing.com/cart/images/260014.jpg

Shrek- http://schreinerpatrick.files.wordpress.com/2010/02/shrek3.jpg

Skeeters- http://www.adairfamilyrestaurants.com/images/panel_skeeters.jpg

Ticket stub -http://www.moviestubs.net/stubs/663.jpg

Toys to Avoid-

http://3.bp.blogspot.com/_lHPPhOSC0bk/R0QmZL_QQ4I/AAAAAAAABd8/OqW62RXf1yw/s400/varvel_toys_r_hazardous.jpg

Video- http://www.youtube.com/watch?v=VwVukzXUmIo