FAQ: For MKT-205, how do I conduct research on my target market and develop a persona?

Research Your Target Market

Once you choose your product, go to the Shapiro Library’s Mintel database, where you can search for reports and report segments on the type of product you chose. We recommend the following reports that correspond to the product choices for your project:

• For gourmet truffles, use the Chocolate Confectionery report This link opens in a new window
• For the “healthy” carob (chocolate substitute) bars, use the Snack, Nutrition and Performance Bars report This link opens in a new window
• For the semi-sweet chocolate backing chips, use the Baking and Mixes report This link opens in a new window

Near the top of each report, there is a Download section. You can download the “Full Report (PDF)” to see the full report. We also highly recommend downloading the “Databook” Excel file, as this contains the survey data used to write the full report.  
 

The first page in the Databook is a table of contents that tells you what types of questions were asked in the survey and which pages contain the data for those questions. The tabs are listed across the bottom of the Databook.

As you explore the questions and the survey data, look at the “by demographics” tab to see demographic categories like gender, age, generation, etc. These demographic pages tell you what percentage of people surveyed from different demographic groups answered that question. For example, you can see what percentage of people in each age group purchased chocolate in different formats.
 

Based on the information you see, pick a target market for your product. Please note that there isn’t one right answer regarding the target market you select. The goal is to make an educated guess as to who might buy your product based on the research you’ve done using these Mintel reports.

Develop a Persona

Now that you have your target market and demographic data, go to the ESRI Tapestry Segmentation Reports This link opens in a new window to find psychographic data. Scroll down to the LifeMode groups and skim the information available to see which segment fits best with your target market.

(Please note that the Shapiro Library does not subscribe to content on the ESRI site outside of what is freely available on the Tapestry Segmentation Reports page.)
 

Each LifeMode group has 4-5 corresponding segments. Each segment is hyperlinked and will open a full PDF report.
 

Unfortunately, there are no descriptions for the segments, so you may have to explore multiple PDFs to determine which segment is a good match for your target market.

Citing Your Sources

You will find sample citations for Mintel and ESRI in this FAQ: How do I cite business resources (like a SWOT, etc.) in APA Style? For additional assistance with citations, please contact our Academic Support team.

For Further Assistance

For questions about Mintel or ESRI, please contact the Reference Desk. For assistance with understanding the assignment, please reach out to your professor first. For additional rubric or writing support, book an appointment with a SNHU peer tutor.

Content authored by: GS