The Market-Product Chart (What can segmentation do for you?) St Paul Market Segments for a new pet store Target Market Segments Domestic Duos ◦ ◦ ◦ ◦ ◦ ◦ 55119 – Roseville 65+ Couples, no kids Middle class ($40k) Mixed, home owners Hobbies Gardening Travel Eating out ◦ Personality – consistency and order ◦ VALS – “Believers” are conservative and traditional. They value established routines, familiar products and established brands. (VALS) Gray Power ◦ ◦ ◦ ◦ ◦ ◦ 55113 – Roseville 65+ Couples, no kids Middle class ($54k) Mostly home owners Hobbies Reading Local culture Exercise ◦ Personality – nuturance ◦ VALS – “Thinkers” are mature, well educated and conservative. They value order and responsibility. (VALS) Market-Product Grid Segment #1 – Domestic Duos Segment #2 – Gray Power Product Small mixed breed Malti-Tzu, Shih Tzu Owners events All-in-one food supplements Medium size Rescued “mutt” Newsletter Branded line of food supplements Price $175 to $225 $50/mo food & care $125 to $150 $150/mo food & care Promotion (advertising, PR, sales) Local newspapers Local newspapers Direct mail Direct mail Minnesota Monthly magazine MPR Nonprofit events Place (distribution) Breeder’s network Veterinary network Local grocery store/specialty store Friends and family Shelter or rescue group Veterinary network Local grocery store/specialty store Local celebrities Market-Product Grid Relates market segments to the marketing plan (marketing mix factors) ◦ Product – dog walkers, dog sitting, training services, grooming services, kennel & veterinary services, specialty supplies ◦ Price – store credit card, discount program ◦ Place – mobile grooming/training, on-call vet services, also on-site at Entrepreneur Bob’s store, kiosks at airport ◦ Promotion – dog wash demonstrations at Bob’s store, dog activities at neighborhood events, dogs go to local hospitals or nursing homes, loyalty program