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  • Introduction to Marketing MKT113

Introduction to Marketing MKT113

5-2 - Cats.Birds.Dogs Pet Supply Product Overview MKT 113: Final Project Part I Final Submission Cats.Birds.Dogs Pet Supply Product Overview Tiffanie Nixon Southern New Hampshire University 2 5-2 - Cats.Birds.Dogs Pet Supply Product Overview Cats.Birds.Dogs Pet Supply is a new business just opening the last year 2019 in Southern California at Laguna Beach. This pet store specializes in CBD products for all your pet needs. They are currently launching there new monthly subscription for CBD treats for your pets. This box can be customized for your specific animals' needs. Before each monthly shipment, you can choose the variety of treats you wish to get. You can choose Anxiety, Mobility, Coat and Nails, Wight Management, etc. If you would like a variety pack you can also choose that as an option. In order for Cats.Birds.Dogs Pet Supply to successfully launch there new product they needed to make a SWOT analysis so they can focus on what there strengths, weaknesses, opportunities, and Threats: Strengths CBD is a growing market Has multiple products from pain relief to natural foods. Web and Store based Available for various of animals not just Dogs and Cats Available for customization Weaknesses New to the market Need more training for employees Products in box might not be products customers would normally buy. Use social media as a tool for Large number of growing competition Getting product at the right price. Law suits for reactions to pets. Opportunities Threats Figure 1:SWOT analysis for Cats.Birds.Dogs Pet Supply Cats.Birds.Dogs Pet Supply has great strengths located in this SWOT to focus on. The largest is the new growing market for CBD products. Along with they are not just in-store-based but also have a growing number of online customers. With the strengths also looking at the growing 5-2 - Cats.Birds.Dogs Pet Supply Product Overview market comes a growing number of competitors. This is where the company is trying new ways to get people to try their product by launching the new subscription. The target market for Cats.Birds.Dogs Pet Supply Product in the city of Laguna is the middle age and empty nesters. With the median household income being $95,965 and no kids in the house they are more likely to spend on their pets. According to statista.com, 82% of people ages 30-49, and 69% age 50-64 are using social media. The primary target used for instore sales would still apply to the new product launching online. This age groups in known to spend more time "researching products and services before they purchase"(Clement, 2020) Getting customers to review their products on websites like Yelp and Facebook are going to be crucial. The "Boomers" target group 50+ not only has the money to spend but the time as well. As Brandybury Identified in the AARP article "As people age, taking care of their health becomes more of a daily focus, and there's a good chance that this mindset will extend to the care of their pets" (2020) from this I would market the health benefi