Showing posts with label Customer Segments. Show all posts
Showing posts with label Customer Segments. Show all posts

Sunday, November 2, 2014

Researching the "Other side of The Market" - Some Findings

Local restaurants, bars, cafes and mostly health shops fall in our "Other side" of the target market who's information we are going to use to serve our primary users who are searching for food/diet/nutritional information. So far we have managed to get 7 responses from various restaurant owners, chefs and personal. We wanted to find out whether such establishments in Dublin (to start with local area) actually have healthy food choices available, whether they are flexible to accommodate various customer dietary requests apart from the set menus and what are their attitudes towards consumer requests and choices. To add, we asked them about the current advertising and communication channels they use. This way we wanted to get an insight whether we as a third party could be considered as an option for driving more customers to them. So here are some of our findings:

Most of the restaurants have various food choices available. This means that if one of the restaurants does not offer gluten-free meals, then they may fall into a different category (e.g. vegetarian, offer low fat foods etc.).

 And most of the restaurants have the flexibility to accommodate various customer requests:

While we found out that most of the restaurants are quite flexible to offer meals according to customers' dietary requirements as well as information on it, their thoughts about customer needs actually vary. From their attitudes it actually became clear that they may not be aware of their customer attitudes and expectations (e.g. referring to one of our previous blog posts on Consumer Survey about Calorie Count) - that most of the customers are thinking about their food intake, but not always can stick to their plan. This can also be explained by the fact that restaurants still want to drive Sales and sometimes forget about customer experiences. So here are some opinions on some statements we asked our restaurant reps to validate:

As seen in the below table, restaurants do not have enough information whether customers would actually choose lower calorie content food or not. They just simply do not have this knowledge/information. However we can confirm this referring to the Consumer Research findings as well as from our interviews we conducted.

As mentioned already at the beginning of this post, we asked the restaurants to give us an insight on what advertising/marketing and communications channels they use to attract the customer:

Most of them are using some sort of channels, however having interviewed only a small number of restaurants it is not yet conclusive how big is the gap between "totally being absent" from online and search and using only WOM or offline channels (apart from the website just being there) and active marketing online. We will continue to research this. For example this gives us an idea - if restaurants use only WOM, we can bring them customers additionally through our product.

Post by: Laura

Who's the Buyer on The Other Side of The Market? Restaurants, Healthy Food Shops

Time to check who's on the "other side" of the market! We have already determined the approximate profiles of the user (e.g. Active Amy and Traveller Tom from one of our previous blog posts). Now we went out there to validate our VP for Restaurants/bars, Healthy food shops and markets. These are our potential customers as well and this segment is going to be the one to consider getting the revenue streams from. This was decided based on the specifics of the offering - the main product is a website/app and users are usually not eager to pay for apps, so we have to find someone else who will pay. To add, from our group discussions on revenue streams (which we will discuss in further blog posts) we understood that Advertisers (both - restaurants in area and others) may be the source of the revenue as well, therefore we updated our Business Model canvas to include them there as well as a target audience.

Putting together all the information, we came up with the Buyer No. 3 (not really calling them "a Persona" though).


Post by: Laura

Monday, October 6, 2014

Two-Sided Market Situation. Who is Our Buyer Persona on One side of it?

So far we have been concentrating on validating the VP for just one side of the market we are planning to target. You can get the idea by checking our Business Model Canvas below:


Based on the customer interviews we conducted last week we were able to come up with the Buyer Personas - we tested only One Side of the Market Value Proposition and here's what we came up with:


From several individual interviews we found out that quite important thing that makes people "get off the track" (e.g. to follow their healthy or just specific food requirements) is traveling. More often it's harder to find healthy food options while abroad (we decided to add a new customer segment - for new people in local area or tourists):


What do we do next? During the lecture today we got some ideas from our professor and audience - e.g. test and validate the Customer Segment who are actually exercising plus conscious about their food choices (e.g. sportsmen and/or gym visitors). In addition - we will have to test other VP's for the "other side of the market" as well as Channels we should use.

Post by: Laura

Testing the Renewed Value Proposition and Customer Segments