Market Research
Project scope
Categories
Market research Competitive analysis Market expansion Sales strategy Marketing analyticsSkills
profit impact of marketing strategies target market target audience market analysis market research operationsWe are ready to take our business to a new target market. We are looking to grow to the next level by better understanding this market, key players, fundamental problems and key players so that we can increase the number of contracts and revenue through the delivery of a workshop which we have successfully implemented in our primary target audience.
To consider: which industries and companies fit this new market? What is the main problem this market and potential clients are facing? What are the pros and cons of expanding our operations to this market? What potential competitors exist and how do we differ? What legal protocol will need to be considered? How can we connect with this market successfully?
Our specific need is an outline of our industry’s expansion opportunities through a comprehensive market analysis of the target market.
Target market:
- organizations and businesses with high turnover rates, role changes
- employee wellness providers
This should include the following:
- market picture: who are the key players within the organizations, how do they get funded or what is the distribution of the internal budget, and who would best align with our services
- main market pain point and desires (gaps to fill for employee and organization success), so we can then understand how we can best sell them our value
- list of potential clients developed from the market research which would match our service offering, as organized by the most significant potential for growth, profit, impact and return
Students will connect directly with the employer for mentorship and supervision throughout the project.
Students will receive a thorough explanation of our service to assist them in fully understanding our work. Optionally, they will be able to attend our workshops if they choose to deepen their understanding of our work.
About the company
Circle Point Wellness is a socially conscious enterprise dedicated to reshaping the way we approach work.
Our goal is to cultivate workplace cultures that prioritize the collective well-being of individuals, the planet, and the economy, the triple bottom line.
By offering training programs, leadership events, and community initiatives, we empower leaders and organizations to develop work environments which benefit the individual, the company and the world at large.