IV. Customer Analysis
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Demographic Profile of Target Market
[Company Name] will serve the residents of [company location] and its surrounding areas. The main target of this business is the working professionals and the young adults of the community. The company would also reach some of the local companies to get them into group coaching and fitness.
The area we serve is populated mostly by the upper-middle class; as a result, they have the means to pay for personal trainers. The precise demographics of the town in which our location resides is as follows:
|Target Population by Age Group|
|Target Population by Income|
|Income $50,000 to $74,999||11.16%||6.00%|
|Income $75,000 to $99,999||10.91%||4.41%|
|Income $100,000 to $124,999||9.07%||6.40%|
|Income $125,000 to $149,999||9.95%||8.02%|
|Income $150,000 to $199,999||12.20%||11.11%|
|Income $200,000 and Over||32.48%||54.99%|
The Company will primarily target the following three customer segments:
- Professionals: [Company name] is located along a well-traveled commute route. By offering convenient location and exceptional service, [Company name] will draw in working men and women who want to stay fit.
- Students: There are multiple colleges, universities, and high schools located in the surrounding area. These students will be a key for the [Company]
- Companies: A lot of companies are investing in their employees’ health. These companies can hire our services on corporate fitness days.