Tag Archives: target market

Porsche Passport Subscription Services

Subscription services are everywhere. Today, consumers can receive monthly supplies of items including shaving gear, food, cooking supplies, diapers, clothing, pet food, and Porsche automobiles. Wait… Porsche has a subscription service for its cars? What’s going on?

Yes, Porsche has entered the sharing economy with its subscription service, called “Porsche Passport,” that allows members to drive up to 22 different models of cars, sedans, and SUVs each month. After all, why have the hassle of ownership if a car can be delivered when you need it via a mobile app?

The service isn’t cheap though. For $2,000/month, the service will allow customers access to eight different models, including the Cayman S and 718 Boxster. Add on another $1,000/month and customers have on-demand access to more models including the 911 Carrera S and the Macan GTS. The plan has a one-time activation fee of $500 and includes vehicle tax, registration, insurance, maintenance, and detailing (members buy their own gas). Members can switch cars as often as they want, enjoy unlimited mileage, delivery, and service. (The program is currently only available in the metro Atlanta area.)

What do you feel like driving today?

Group Activities and Discussion Questions:

  1. Discuss the importance of clearly defining a target market.
  2. Show Porsche Passport Web site: http://www.porschepassport.com/
  3. Show video: https://youtu.be/5pyPAYmpK0U
  4. Who is the target market for Porsche Passport?
  5. Divide students into teams and have each team develop a profile of a target market. Include demographics, psychographics, behaviors, values, attitudes, etc.
  6. Based on the target market profile, what makes this product unique for these customers?
  7. Debrief the exercise.

Source:  Brandchannel.com, Automotive News, other sources

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Cereal Cafes

Remember when Mom would tell you that breakfast is the most important meal of the day? Did you ignore her? You shouldn’t have, because, well, she’s right. And, now breakfast at cereal cafes can be eaten at all times of the day, all around the world. Whether you are hungry in New York, London, Paris, Madrid, Berlin, Lisbon, Dubai, or other places across the globe, odds are that you can locate a café that sells American breakfast cereals.

In the past few years, there are dozens of cafes that specialize in selling cereal for a price between $3.00 and $9.00 a bowl. The cafes usual offer dozens of different brands, fruits, candy topping, syrups, different kinds of milk, and more. This is way more than the average American is used to seeing in their home kitchens!

At Pop Cereal Café (Lisbon), a popular cereal combination bowl has a mix of Froot Loops, Rice Krispies, mini marshmallows, dried strawberries, topped with strawberry syrup, waffle cookie, and a scoop of vanilla ice cream. Yum.

No word on how long the sugar rush lasts though.

Group Activities and Discussion Questions:

  1. Discuss the importance of clearly defining a target market.
  2. Show several of the cereal cafes:

http://www.cerealkillercafe.co.uk/menus/

http://kelloggsnyc.com/

http://www.cereality.com/

  1. For cereal cafes, who is the target market? Divide students into teams and have each team develop a profile of a target market. Include demographics, psychographics, behaviors, values, attitudes, etc.
  2. Next, have each team develop their own menu for a cereal café.
  3. Debrief the exercise.

Source:  Associated Press

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Google Pixel Buds Translate 40 Languages in Real Time

Language can be a great way to unite people, but it can also be a great barrier when people speak different languages. After all, not everyone speaks multiple languages fluently, and it can definitely be hard to navigate or do business in a country when one does not understand that language.

In the sci-fi classic book, The Hitchhiker’s Guide to the Galaxy, traveler Arthur Dent had the use of a ‘babel fish’ to translate all alien languages. (The small, yellow fish when placed in the ear can help the listener instantly understand anything said, in any form of language.) Now, it seems that real-life is imitating science fiction with the recent announcement of Google Pixel Buds.

The blue-tooth ear buds have many functions similar to other ear buds (assistant, messaging, music, etc.) but they also have one striking new feature – the ability to translate language in real-time when paired with the Pixel 2 phone. Languages included are Arabic, Swedish, French, Japanese, German, Chinese, and many more.

Here’s how it works: Tap and hold down the right earbud, thereby activating Google Assistant (paired with a Pixel 2 phone in your bag or pocket).  Then, ask for help speaking a language. This then activates Google Translate, and you speak the phrase you need translated. The translated phrase appears on the phone screen and is read out of the phone speaker. The person you are speaking to then holds down the mic button and speaks the answer, which is then translated directly into the ear buds.

Voilà!

Group Activities and Discussion Questions:

  1. Show a video of the Google Pixel headphone launch event: https://youtu.be/Q5bA12koB-g
  2. View product information: https://store.google.com/us/product/google_pixel_buds?hl=en-US
  3. Poll students: Who would be interested in using these? Why or why not?
  4. Other translators and devices also exist. Have students research other models and compare with Pixel ear buds.
  5. Discuss target markets and market segmentation.
  6. Have students develop a target market profile for this device.
  7. What should the marketing plan be for the new ear buds?

Source:  Google, The Verge, CNBC, New York Times, other news sources.

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