Unicorn Vodka is targeting males and females but
specifically a certain type of male and female. Together they share a love for
the night life, fashion, sex and the legal drinking age. “The marketing management philosophy that holds that
achieving organizational goals depends on knowing the needs and wants of target
markets and delivering the desired satisfactions better than competitors do” (Armstrong, Gary, Philip Kotler. Marketing:
An Introduction, 10th Edition.
Pg. 10. Pearson Learning Solutions, 01/2010. VitalSource Bookshelf Online).
Meet Leo: He is a fun outgoing young homosexual male that
loves to party between the ages of 21-27. He is 100% into his image, driven by
sex and stays up to date on all of the latest trends. He is experimental when
it comes to his personal style and loves playing with silhouettes. He views
music festivals as a must have in his life and his closet is his most prized
possession. Leo has a relative minimum income of $27,000 a year and does a lot
of work on the side to maintain his image.
By selecting a specific target market we are allowing ourselves to serve our customers well. By selling Unicorn Vodka at music festivals we are delivering our customers an experience to satisfy or exceed their needs. “Some people think of marketing management as finding as many customers as possible and increasing demand. Instead, the company wants to select only customers that it can serve well and profitably” (Armstrong, Gary, Philip Kotler. Marketing: An Introduction, 10th Edition. Pg. 9. Pearson Learning Solutions, 01/2010. VitalSource Bookshelf Online).
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