The IndustryName and describe the market or industry that you will work within—in other words, the chosen “sandbox” where you will play.For market or industry descriptions see the North American Industry Classification System (NAICS) at www.census.gov/naics or industries at a glance at http://www.bls.gov/bls/industry.htmTalk about any trends and changes in the industry.Talk about whether the industry is growing and, if so, by how much. The ProductTalk about the product or service that you will sell.Talk about what sets the product or service apart from what is currently being sold to customers.Talk about any ways you can protect the product or service from being easily copied by the competition.Present any product pictures, drawings, or renderings you might have (on additional slides if necessary). The MarketThe idea for a market study is to tell the “story of the market” in numbers starting with the big picture and then narrowing down the data to a more detailed view. Use as many slides as you need and don’t clutter the information.Talk specifically about where your customers are located. Are they within a city, county, state, region, nation, or international place? Maps are good to use here if it makes sense.Talk about the numbers of customers in the market and possibly even what they spend on your kind of products and services.Present any community profiles for these places. The Census Bureau is a great place to find such information at www.census.govIf you are targeting business customers look at the Economic Census at http://www.census.gov/econ/census02/ for help. The Targeted CustomersTalk about your targeted customers. Remember, you can segment customers by type, buying behavior, location, and so on.Describe who they are by discussing some of the following things: (use multiple slides if needed)Demographics (characteristics they share in common)Buying Behavior (how and why they buy the product) Size (numbers of them / dollars they spend)Projected SalesTrends (growth / opportunities) Target Market StrategyFor your targeted customers, talk about how you will customize your marketing efforts to fit their needs.Remember, if this group of customers is really unique then something about your strategy must be different.Talk about…The Message: What slogan or positioning statement will you use for this target market?The Pricing: Will the pricing have to be different for this type of customer? If so, what price will you charge?Product Customization: Will the product or service have to be customized for this customer?Distribution: Will the product get to this customer? Target Market Sales ApproachTalk about your specific sales and promotional ideas for this target market which might include:Contact Sphere: What other businesses or professions might naturally refer this group of customers to your business?Advertising: What specific types of media will you use and at what cost?Public Relations: What kinds of media relati ...