Testing Your Idea

Overview

Market Definition

Competition

Testing Products

Plan for Success

Creativity and Commitment

Summary

Worksheet - Getting To Know Your Customers

Worksheet - Profitability Projections

 

 


Testing Your Idea Worksheet #1
Getting To Know Your Customers

Part of the process of developing a marketing plan is to think through who you are marketing to. Close you eyes and picture your ideal customer coming in to your office or store. Then complete the questionnaire below. There are no right or wrong answers. This exercise is designed to help you identify your target market.

 

Who do you expect your potential customers to be? Are they a certain age group? If so what age group? Young adults, older adults, middle age?

 

 

 

 

 

Your potential customer group must have the money to purchase your products or services. Does the age group have the money to spend on products or services you plan on offering to them? Explain.

 

 

 

 

 

Do your potential customers have certain characteristics or interests in common? For example, are they all young parents? Do they all love golf? Are they business owners? Do they all take vacations?

 

 

 

 

 

What are specific needs or wants your customers have in common which your product or service will help fulfill? For example, do they have yards which need to be kept up? Do they have children that need to be cared for? Do they have cars which need to be serviced? Do they own businesses which need office supplies? List their needs and wants.

 

 

 

 

 

Where will your customers be located? Where do they live and work? Where do they drive to and from? Will your customers in the same community as your business? Will they be on the West Coast? In another country?

 

 

 

 

 

How will you reach your customers where they are located? Can you reach them by phone? By radio? By mail? Person to person? With a flashing sign? List ways you could get the attention of your potential customers.

 

 

 

 

 

 

What steps will you take to ensure that what you have written down so far is true, or find answers to the above questions you may not yet know? Will you interview people in person or on the phone? Will you mail questionnaires? Will you go to a meeting or trade show meet them, ask questions and observe?

 

 

 

 

Are there others who may know information about your customer group? For example, if you are opening a tire store, what other businesses provide products to car owners? Contact them to find out information about how many potential customers there may be, where they come from and what their buying habits are. What other businesses or individuals are you aware of who may be communicating with your customers?

 

 

 

 

What aspects of your product or service do your potential customers (or current customers) value most? Is it quality, selection, convenience, availability, affordability? How do you know this? How can you find it out? What steps will you take to find out?

 

 

 

 

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Production funding For Let's Talk Business was provided by a grant from USDA Rural Development and the members of Prairie Public Television