Having identified a market want or need, let’s identify our actual market. I mean who wants to loose weight?
Were to go? Hmm ... I know, how about the United States Census Bureau. A quick review of the statistics will show you as of the year 2000:
The total US population as of 2000 was 281,421, 906 and by July, 2001 was 284,796,887 with:
* 50.9% being woman,
* 25.7% being under 18 and 12.4% of the US Population being over 65,
* 54.1% of people were living in the same home in 1995 and 2000,
* 80.4% of people 25 years or older were high school graduates and 24.4% had bachelor degrees or higher,
* The average mean travel time to work was 25 minutes,
* 66.2% of residents were living in their own home,
* 26.4% of residents were living in apartments, etc.,
* 2.59 people on average per household (a number I don't get) and,
* The average household income in 1999 was $41,994 a year.
Also, here are a couple of other interesting statistics:
* Only 14.6% of businesses in the United States were owned by minorities and 26.0% by women as of 2000.
* In 2000, the two largest population groups were between the ages of 35 to 44, with the 50 to 54 age group experiencing the largest growth rate and the 45 to 49 age group experiencing the second largest growth rate.
And when you "look" into the income statistics, you discover:
* The number of households with the (householder - a lovely term) person running the house being between 35 to 44 years old was about 24,031,000, with an average income level of $53,320.
* The number of households with the person running the house being between 45 to 54 years old was about 22,208,000, with an average income level of $58,045.
Also within the US population, the number of households where two or more people were working was around 47,997,000, with an average income level of $68,106.
Information Source: U.S. Census Bureau
What do these statistics tell you? For a consumer product such as "health products":
* Your largest consumer market is women. The age group is 35 to 44. The level of education: high school. Your potential customer is living in her own home, most likely with her "significant other" and perhaps one child. As of 2001, the family income is around $53,320.
* Were she and her "significant other" work, the total income level may go up, as the average income for households were two or more people are working is around $68, 106, it is likely she is working in a small business with less than 100 employees and she has to commute back and forth to work.
* The next two largest consumer groups are women between the ages of 45 to 54. Again with these two groups, the largest number of women will have a high school education, will be living with their "significant other". As of 2001, the average income is around $58,045.
* When she and her "significant other" work, the total household income may go up. Also, based on the statistics, were the woman is working it is most likely she is working in a small business with fewer than 100 employees and she has to commute back and forth to work.
True these numbers have changed over the last 3 years, but this analysis gives you an interesting glimpse of your potential consumer.
Hey, this is all fine stuff - but does Billy Rae use the Internet?
Since you are planning to use the Internet to market your product, you may want to know how many people in the United States have Internet Access at home and the composition of this market. Why? Well it is possible, the make up of your potential customer might change. Guess what? Yes, the U.S. Census Bureau has published a report on this very topic under the heading "Computer Use and Ownership."
This report indicates as of the year 2000, 41.5% of all households, or a total of 43,639,000 households had Internet Access.
Within this total market:
* Where the home owner is between the ages of 25 to 44, there are 21,353,000 homes with Internet Access. (This represents 50.2% of all the homes with home owners in this age group.)
* Where the home owner is between the ages of 45 to 64, there are 16,251,000 homes with Internet Access. This represents about 46.7% of all the homes with home owners in this age group.
From this report you can glean some other interesting facts:
* Roughly 95% of all home owners with Internet Access have a high school education or higher and 73% of all home owners with Internet Access have at least some college education or higher.
* 78.6% of all homes with Internet Access are Family households, with 66.2% being married couples.
* Only 35% of all homes with Internet Access have at least one school age child between the ages of 6 to 17.
* 57.5% of all homes with Internet Access are found either in the west or southern parts of the United States.
* Of those family households with Internet Access, about 80% of all homes have an annual income level above 25,000, 71.3% of all homes have an annual income level above 35,000, and 57.4% of all homes have an annual income level above $50,000.
Information Source: Computer Use and Ownership - US Census Bureau
In essence, your potential customer is going to be slightly better educated, make a bit more, and live either in the Southern or Western parts of the United States.
Click here for the second half of "How To Write Articles/Sales Copy That Gets Read"
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John Glube, Toronto, Canada, Publisher and Editor of Head's Up, A Copywriter's Journal. Not yet subscribed to the Journal? To get the details, plus your Free Courses "Discover How Anyone Can Get More Buyers" as your reward and learn how you can place your 400 character business to business ad Click Here.
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