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AI_ADVA208_W6_A1_Short_Ashley

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  1. 1. Ashley Short On the Edge Advertising ADVA 208: Principles of Market Research
  2. 2. • New product that will provide a healthy snack for kids • 100% Organic • Vegan • GMO Free • Currently sold in over 100 health food stores • Sold at $2.25 per bar or $7.45 for a box of 4 bars • Three Great Tasting Flavors • Very Berry Blast • Super Blueberry Bar • Tropical Green Smoothie Bar • Made with vegetable base and incorporates fruits and fruit juices for a taste kids will enjoy
  3. 3. Easy Peasy
  4. 4. • Easy Peasy does have a website in which consumers can order their product online, and they do keep a database of all these sales. Also, they do have a Facebook and Twitter page that is used to promote the business. However, they do not currently have any local or regional advertising. • The business is performing well financially in their small distribution area, but they would like to increase and expand national sales. Since much of their sales come from impulse purchases and repeat buys, they are unsure of how well their brand is known. While they believe they know who their target market is in the Northeast where they are headquartered, they are not aware of the demographics and needs of other regions throughout the United States. Easy Peasy is considering branching out to other larger facilities in order to support a national launch, and determining whether this is worth the financial risk.
  5. 5. • Promote the product through local and regional advertising • Increase brand awareness • Discover the target market for all regions in the United States • Branch out to an additional 100 health food stores over the next year
  6. 6. Conducted for Markets Surrounding Easy Peasy Headquarters
  7. 7. • Conducted for markets surrounding Easy Peasy Headquarters • New England • Mid Atlantic • South Atlantic • East North Central • Questions collected data such as gender, age, income and familiarity of Easy Peasy Products • Target Market Information Deducted from Surveys: • Gender: Female • Age: 25-50 years old • Level of Education: Bachelor’s Degree • Average Household Income: $75,000- 125,000 • Marital Status: Married
  8. 8. • Twelve (12) consumers were surveyed • Approximately 82% of those surveyed admitted to at least sometimes eating healthy foods, and even more of those surveyed stated that they at least sometimes purchased organic foods. • Majority declared they would consider paying between $1 to $1.99 for a snack bar that is organic, GMO free and vegan • Easy Peasy currently offers their bars at $2.25 per bar • If Easy Peasy can establish the product as a tasty product that kids like, the target market may be willing to pay a little extra.
  9. 9. Conducted via Survey Monkey
  10. 10. • Which category below includes your age? • What is your approximate average household income? • How many people currently live in your household? • Which, if any, of these national food stores have you shopped at? • Where do you usually shop for food? • How important is it to you to eat healthy? • How easy/difficult is it to get your children to eat their fruits and vegetables? • What form of advertising do you feel you best respond to?
  11. 11. • Eleven consumers responded between April 1, 2015 and April 4, 2015 • Results: • Age: Majority of consumers who took survey were 21-29 years old • Household Income: $50,000-74,999 • Size of Household: 3-4, 5-6 people • These results will assist in determining target market • Natural Food Stores: Whole Foods • Stores Currently Shopped At: Large/Corporate Food Store • Results will help Easy Peasy in determining types of stores and locations to branch out
  12. 12. • Results (Cont.) • Healthy Eating Habits: 81% felt it was at least somewhat important to eat healthy • Children Eating Habits: Majority of the consumers have a difficult time getting their children to eat fruits and vegetables. • This data confirms that the Easy Peasy product can assist consumers with providing a tasty snack for children • Advertisement: Top three advertisement strategies are internet, newspapers and magazines • This data will help Easy Peasy with developing ways to advertise their product locally and regionally.
  13. 13. Objectives, Hypothesis, Null Hypothesis and Variables
  14. 14. • Gain more demographic information about target market • Discover locations consumers shop for organic products • Discover consumers view on eating organic products • Discover the best type of advertising to grab consumer’s attention
  15. 15. Hypothesis and Null Hypothesis • Hypothesis: • Male and female consumers over the age of 21 feel it is important to eat healthy, and will purchase Easy Peasy’s vegetable-based bars for their children. • Null Hypothesis: • Male and female consumers over the age of 21 feel it is not important to eat healthy, therefore will not purchase Easy Peasy’s vegetable-based bars for their children. Variables • Number of consumers will consistently change • In order to increase production and outreach to more consumers, the brand is looking to branch out to a larger facility to support a national launch • Location and number of locations • Plan on expanding into national health food stores once production is increased • Advertisement for Easy Peasy • No local or regional advertising • An increase in these advertisements can result in an increase in consumers purchasing the product and an increase in profits
  16. 16. 82% of consumers questioned determined it is important to them to eat healthy. The data proves that the consumers would be likely to purchase the Easy Peasy bars, since they are 100% organic, vegan and GMO free.
  17. 17. 55% of consumers stated that it is difficult to persuade their children to eat healthy foods. This data confirms that great tasting and healthy snacks are a needed product, and Easy Peasy’s snack bar can fulfill that need.
  18. 18. • Data collected confirms the hypothesis that male and female consumers over the age of 21 agree that it is important to eat healthier foods and will purchase the Easy Peasy bars for their children. • Demographics were determined that majority of the consumers that will purchase will be over the age of 21. • It was also concluded that healthy eating habits are important to consumers, and they do have difficulty getting their children to eat healthy snacks and food. • Therefore, it can be concluded that consumers will purchase the Easy Peasy product.
  19. 19. • Question 8 in Health Food Survey could have been affected • “What form of advertising do you feel you best respond?” • Only one answer could be selected by consumer • Should have been set up for multiple selections to gather more information and lead to more accurate results • More demographic questions could have been asked • Examples: • “What is your gender?” • “How many children do you have living at home?” • Could make demographic information about target market even more accurate
  20. 20. • All data collected will assist Easy Peasy with working towards their objectives and launching into the next step for their business • Additional Research: • Research within specific regions throughout the United States in order to determine their specific needs • Possible flavors to add or other products that consumers would like to see from them
  21. 21. • BusinessNewsDaily Staff. “Top 10 Ways to Advertise Locally.” BusinessNewsDaily. 1 Apr 2011. Web. 28 Mar 2015. http://www.businessnewsdaily.com/819-adverte-locally-top-way.html • “Childhood Obesity Facts.” Centers for Disease Control and Prevention. 11 Dec 2014. Web. 21 Mar 2015. http://www.cdc.gov/healthyyouth/obesity/facts.htm • Csiszar, John. “How to Increase Brand Awareness for a Product.” Chron. Web. 27 Mar 2015. http://smallbusiness.chron.com/increase-brand-awareness-product-41158.html • Ettinger, Jill. “Top 9 Cities to Live the Organic Foodie Lifestyle.” Organic Authority. 31 Jan 2012. Web. 28 Mar 2015. http://www.organicauthority.com/foodie-buzz/top-9-us-cities-to-live-in-if-you- love-organic-food.html • Greene, Catherine. “Organic Market Overview.” United States Department of Agriculture. Economic Research Service. 7 Apr 2014. Web. 27 Mar 2015. http://www.ers.usda.gov/topics/natural-resources-environment/organic-agriculture/organic- market-overview.aspx • Kohli, Sahaj. “10 of the Healthiest Places to Live in America.” Huffington Post. 6 Aug 2014. Web. 28 Mar 2015. http://www.huffingtonpost.com/2014/08/06/healthiest-places-to-live-in- america_n_5648452.html • Michaels, Sharon. “10 Ways to Better Brand Recognition.” Forbes. 16 Apr 2013. Web. 27 Mar 2015. http://www.forbes.com/sites/womensmedia/2013/04/16/10-ways-to-better-brand-recognition/ • Penwarden, Rick. “Five Reasons Why Online Surveys are So Popular.” Fluid Surveys. 9 July 2013. Web. 4 Apr 2015. https://fluidsurveys.com/blog/why-online-surveys-are-so-popular/

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