Market Research

To provide an in-depth market analysis for Ofori providing educational services by a registered nurse on the harms and risks associated with skin bleaching, hair relaxers, and hair extensions. The focus is on numerical data to evaluate industry size, market potential, competitive landscape, strategic positioning, and validation of market opportunity.1. Industry Size and Market PotentialMarket Size Estimation:Global Market:The total market value of the beauty and personal care industry with a specific focus on skin bleaching, hair relaxers, and hair extensions.These segments ' historical and projected growth rates over the next 5-10 years.Regional Markets:Market size and growth rates by key regions (e.g., North America, Europe, Asia-Pacific, Africa).Demographic analysis to identify regions with high usage rates and potential educational needs.Market Segmentation:Consumer segmentation based on demographics such as age, gender, income, and ethnicity.Analysis of consumer behaviours, attitudes towards product safety, and awareness levels regarding the harms of these products.Trends and Drivers:Key trends influencing the market, such as increasing consumer awareness of product safety and health risks.Primary drivers including cultural practices, societal pressures, and fashion trends.2. Competitive LandscapeMajor Players Analysis:Identify and profile key competitors offering similar educational services or promoting safe alternatives.Analyze their market share, communication strategies, and educational outreach programs.Communication Objectives and Strategies:Overview of competitors' marketing and communication strategies, including their focus on health and safety.Analysis of their digital presence, social media engagement, and messaging strategies.Pricing Strategies:Comparative analysis of pricing models across competitors providing educational services.Insights into the pricing of alternative products and consumer willingness to pay for educational content.3. Strategic Positioning of Our BrandNarrow Target Market:Define a specific target market, such as health-conscious consumers, parents, and individuals concerned about the long-term effects of these products.Focus on addressing specific concerns such as potential health risks, safer alternatives, and long-term wellness.Brand Differentiation:Highlight the unique aspects of the nurse-led educational approach, emphasizing medical expertise and evidence-based information.Develop key messages that emphasize the importance of health, safety, and informed decision-making.Value Proposition:Craft a compelling value proposition that positions the business as a trusted source of education and advocacy for safe beauty practices.Emphasize the benefits of making informed choices and the potential health improvements from avoiding harmful products.4. Validation of Market OpportunitySurveys and Interviews:Conduct surveys and interviews with potential customers to gauge interest, awareness levels, and demand for educational services.Analyze feedback to understand consumer needs, concerns, and willingness to engage with educational content.Focus Groups:Organize focus groups to test educational materials and gather qualitative insights on their effectiveness and reception.Assess the perceived value and impact of the educational services.Pilot Programs:Implement pilot educational programs to measure engagement, effectiveness, and participant outcomes.Collect data on participant satisfaction and changes in awareness or behaviour.

Animated Video Creation

We would like to collaborate with students to create an animated video that explains our services. This video will be displayed on our website and shared by email.This will involve several different steps for the students, including:Familiarizing themselves with our company’s target market, brand guidelines, and products and services.Developing a storyboard and animating scenes for the video.Selecting suitable background music.Bonus steps in the process would also include:Combining visual and auditory elements to create a finalized video.Recommending ideas for future marketing videos.

On-line Training Course/Seminar Development

We would like to develop an on-line training course that teaches business owners how to use our product.This project should focus on:Gathering relevant course design and content information from interviews with key stakeholders.Assessing existing on-line training platforms and recommending the best platform for this course. (free if possible)Creative ideas for educational content deliveryThe bulk of the project would be course design, but may include some content creation.

Financial Business Plan

We are looking to launch a new business and would like to involve students in this exciting time as we work to develop a financial business plan. We can provide access to internal documentation and other information as needed. Based on our unique goals and constraints, we would like students to develop a strong, competitive financial business plan, which we can present to potential investors.The plan should include:Sales forecastingExpense budget (what to do if budget is unavailable)Income projections (conservative and aggressive)Assets and liabilitiesBreak-even analysis