Challenge
A California-based online office supply business was seeking
second-round financing for sales force expansion and growth. They
needed to gain investor confidence by demonstrating in-depth knowledge
of their target market and competition. In the mid sized business
segment this office supply company wanted to reach, that meant
the
administrative assistants and office managers who make the key
buying decisions when it comes to ordering everything from computer
equipment
to printer paper and Post-it notes.
Solution
Through
research, MarketConsult developed a comprehensive profile of administrative
professionals, segmenting the market according to demographics,
consumer behaviour, and internet usage. The MarketConsult report
also evaluated and developed a briefing of the office supply industry
and key competitors.
Results
MarketConsult's
report played a pivotal role in the client's business plan for the
expansion of their office supply site, sales support capabilities
and marketing strategy development, helping them better understand
their target market and secure financing.