Target Market for a Bidet Business Essay

Open, View, and/or
Download this Document

Total Length: 751 words ( 3 double-spaced pages)

Total Sources: 2

Page 1 of 3

Risk Management and Legal MattersTable of Contents1. Introduction2. Company Description3. Business SWOT Analysis4. Entrepreneurial Competencies5. Conclusion6. Business Strategy 2a. Entrepreneurial Strategy and Goalsb. Business Strategyc. Missiond. Visione. Valuesf. Idea vs. Opportunityg. Experience and Opportunitiesh. Potential and High-Potential Businessi. Future Opportunities and Changes7. Risk Management8. Insurance9. Intellectual Property10. Business Legal Form11. Risk Management12. Insurance13. Intellectual Property14. Business Legal FormMarket and FinancingTarget MarketBidet in a Day will target a middle- to upper-middle-class market. Geographically, our primary focus will be on urban and suburban areas. These regions are characterized by modern housing complexes and have a dense population, and they have been found to have an increasing awareness and adoption of bidets (Von Oldershausen, 2020). These areas are ripe for our unique selling proposition, and the region will make it that much easier to fulfill the promise of having a bidet installed within a day.From a demographic perspective, our services are for adults aged between 25 and 60. This age group is typically in a decision-making position concerning home improvements and usually homeowners themselves. Our target demographic extends to the middle to upper-middle-class households, since these households have the disposable income necessary to invest in home improvements and are more likely to see the value in luxury bathroom fittings like bidets.As for the psychographic aspect of our segmentation, we want to focus on attracting eco-conscious individuals. The modern consumer tends to be environmentally aware (Herbes et al., 2020). Our product directly appeals to this sentiment. Bidets reduce the need for toilet paper and…

[…… parts of this paper are missing, click here to view the entire document ]

…bank loans offer another viable route.

Stuck Writing Your "Target Market for a Bidet Business" Essay?

View All Our Example Target Market for a Bidet Business Essay

Have A Custom Example Essay Written

Based on the strength of our business plan and creditworthiness, we aim to secure a small business loan of up to $50,000. This debt, which should be acquired at competitive interest rates, will be repaid over a timed period, so as to give the business the chance to be financially healthy as it gets up and running.In terms of financing the business, our strategy is clear. Immediate expenses like domain registration, initial tool inventory, product purchases, and licensing, will be covered using personal savings. The bank loan will introduce a structured debt into the business. And if angel investors come on board, the will receive equity in the business, so that their interests with the long-term success of Bidet in a….....

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Target Market For A Bidet Business" (2023, October 05) Retrieved May 31, 2025, from
https://www.aceyourpaper.com/essays/target-market-bidet-business-2180442
   

Open, View, and/or
Download this Document
order custom essay example