What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Food Industry
Internet
Visit local food places
Talk to restaurant owners
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Mudsharks
Union Street
Grotto
Rhodo’s
Black Market Food Truck
Downtown
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Lots of local food shops downtown
Downtown
How big is my target market and where do they live or work?
400 people
Courtenay
Internet
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media
What are the main modes of marketing?
Social media
How does government regulation affect the industry?
Health and safety
Food safe
How sensitive is the industry to seasons and economic cycles?
Tourism
Seasonal holidays
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Commissions: tips could be included in pricing.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
This is where I’d put my industry type/name after researching what category it falls under.
I can find out about it by looking up NAICS on the Statistics Canada website.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
This is where I would put the first potential player in my market.
This is where I would put the second potential player.
This is where I would put the third potential player.
I can find information about other players in my market by researching them, looking at their websites, third-party websites, reading magazine and/or newspaper articles about them, etc.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
This is where I would put the first trend impacting my industry.
This is where I’d put the second.
This is where I’d put the third.
Do web searches, look for newspaper, magazine, or scholarly articles written about your industry.
How big is my target market and where do they live or work?
My target market is [insert size] big, lives in the GTA and works [insert location].
I can gather information about my target market from census data listed on the Statistics Canada website.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
The main modes of marketing are [print/TV/radio/online/social media/etc.]
What are the main modes of marketing?
The main modes of marketing are [print/TV/radio/online/social media/etc.]
How does government regulation affect the industry?
Government regulations, such as [insert regulations], make it easier/harder for companies to operate within this industry because [ insert reason].
How sensitive is the industry to seasons and economic cycles?
This industry is/isn’t very sensitive to seasons and economic cycles.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Avg. profit margin = [insert amount]
Avg. sales commissions = [insert amount]
Av.g [insert relevant measure] = [insert amount]
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Stats Can, the library, leatherworker websites, Facebook, Community groups
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Bold lead Designs, Bridge Port, Yup Collars, Black Hound, Leather, DD Service Dog Designs, Panda Cat Cafe, Service Pup Seek, Purple Poodles, River Dog Gear
Social Media, Websites, Community groups
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Increasing service dog use, Increasing sd gear sales
stats, facebook groups,
How big is my target market and where do they live or work?
My target market is about 3.2 million people, most live in the USA, and my main targets are actually Canadian
Statistics Canada, USA Statistics
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media, Facebook, instagram, word of mouth, websites, youtube video reviews
What are the main modes of marketing?
Social media, Facebook, instagram, word of mouth, websites, youtube video reviews
How does government regulation affect the industry?
Not very applicable at the moment, but that could change in the future
How sensitive is the industry to seasons and economic cycles?
There is always constant demand for service dog equipment, the only effect it will have is based on costs of products, vs living wages as people may not be able to afford, but generally service dog gear always sells
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Broad: Global health / humanitarian or philanthropic / international development
Narrow: neonatal care in low-income countries
Research articles in journals and online databases
Reports from NGOs etc.
Briefings from government agencies
Social media platforms (Youtube)
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Research articles in journals and online databases
Reports from NGOs etc.
Briefings from government agencies
Websites and reports from other organizations
Local newspapers
Hospital and Research institutes
Multilateral agencies
Websites, social media feeds, professors in the field in my network, journals (the Lancet), organization newsletters, individuals in Ottawa global health network
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Decreased funding for global health initiatives
Decreased trust in public institutions
Social Development Goals
Glowing concern about mistreatment of locals from NGOs
Transition towards biomedical/pharmaceutical/technical solutions
Debate on withdrawing versus continuing aid overseas
* find out more information about challenges facing neonatal and maternal health.
Newspapers (Al Jazeera)
Academic journals (econ, indev, global health)
Organizations
How big is my target market and where do they live or work?
The target market includes up to 3 million neonates that die annually in sub-Saharan Africa and south-east Asia.
This project specifically addresses neonates in Benin.
Dr. Bouali.
Reports on Benin-specifically – next step.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Marketing to raise funds is mostly done by showing images of the children and women in low-income countries.
What are the main modes of marketing?
Marketing to raise funds is mostly done by showing images of the children and women in low-income countries.
How does government regulation affect the industry?
Government regulation doesn’t affect the industry, but domestic policy does. If the Benin government created free and universal healthcare (modeled after the Canadian or European systems), the need for the service would cease to exist. This is unlikely to happen given the country’s political leadership, fiscal state, history with healthcare and perceptions of the right to health.
How sensitive is the industry to seasons and economic cycles?
Very susceptible. In times of recession, foreign aid gets dropped almost immediately from government agendas and people decrease donations. Healthcare systems in Benin and the offer of neonatal care programs is indeed at risk.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Key measures in this industry are:
– the involvement , practice and financing of other NGOs
– cultural acceptance to the services
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Entertainment
Betakit.ca
CNBC
Bloomberg
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
-PARTY WITH
– Quo – Nightlife Discovery
– Nightstir – A Nightlife Communication App
– Swarm — by Foursquare
– Atmosphere – Bring The Bar Scene To You
Their website
Appstore
Forums
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Society
Technology
Economy
Policy
Journal/Articles
Legislation
TechCrunch
How big is my target market and where do they live or work?
To start, in Ottawa our target market is of approximately 150.000
Statistic Canada
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Advertising on Google
Advertising on social networks
Banners
Advertising on blogs
What are the main modes of marketing?
Advertising on Google
Advertising on social networks
Banners
Advertising on blogs
How does government regulation affect the industry?
Affect Entertainment when it comes to foreign content
How sensitive is the industry to seasons and economic cycles?
The entertainment industry is quite sensitive to season as it tends to produce content that is suited to each season whether it is music, movies, sports, fashion, television, etc.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Other key measures:
-Client satisfaction
-Service Accessibility
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
45391 Pet and pet supplies stores
NAICS Website (actually used the American version)
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Patience & Love
Patchwork & Paws
MuttButt Gear
RiverDog Gear
Creative Clam
Clevenger Embroidery
Skooby & Skrappy’s
Samantha-Kate Designs
Purple Poodles
Existing community members
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
+Increase in working dogs
-Increase in interest in legislation on working dogs
+Increase in interest in personalised goods for working dogs
-More people interested in harnesses&capes over vests
-New legislation in parts of Canada
+New working dog programs in parts of Canada
Existing community members
How big is my target market and where do they live or work?
My target market is not as distilled as it might be for other industries. The commonality lies only in the fact that the disabled handler has a working dog. Prior research has shown that several thousand people are currently paired with working dogs, and the number is rapidly growing.
Existing community members
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
If I look at just the pet industry, marketing is largely done through television commercials, mail flyers, and internet advertisements.
That doesn’t apply to my particular segment in any way. Working dog equipment is largely marketed via word of mouth, partially through social media, and partially through direct sales.
What are the main modes of marketing?
If I look at just the pet industry, marketing is largely done through television commercials, mail flyers, and internet advertisements.
That doesn’t apply to my particular segment in any way. Working dog equipment is largely marketed via word of mouth, partially through social media, and partially through direct sales.
How does government regulation affect the industry?
Currently, most of North America has forgiving legislation regarding working dogs. Some provinces require a dog to pass a test, but do not require specific equipment. Even many programs are allowing handlers to use their own equipment.
If the government passes legislation deeming that working dogs must all come from programs, my market would be minimised.
How sensitive is the industry to seasons and economic cycles?
Barely. Some handlers will be less likely to buy full-body vests in hot weather.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Educational service
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Junior Achievement
Economics Club
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Entertainment
Betakit.ca
CNBC
Bloomberg
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
-PARTY WITH
– Quo – Nightlife Discovery
– Nightstir – A Nightlife Communication App
– Swarm — by Foursquare
– Atmosphere – Bring The Bar Scene To You
– meet ups
Their website
Appstore
Forums
Reviews
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Society
Technology
Economy
Policy
Journal/Articles
Legislation
TechCrunch
How big is my target market and where do they live or work?
To start, in Ottawa our target market is of approximately 150.000
Statistic Canada
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Advertising on Google
Advertising on social networks
Banners
Advertising on blogs
What are the main modes of marketing?
Advertising on Google
Advertising on social networks
Banners
Advertising on blogs
How does government regulation affect the industry?
Affect Entertainment when it comes to foreign content
How sensitive is the industry to seasons and economic cycles?
The entertainment industry is quite sensitive to season as it tends to produce content that is suited to each season whether it is music, movies, sports, fashion, television, etc.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Other key measures:
-Client satisfaction
-Service Accessibility
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
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Internet
Library
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
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What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
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How big is my target market and where do they live or work?
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Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
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What are the main modes of marketing?
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How does government regulation affect the industry?
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How sensitive is the industry to seasons and economic cycles?
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What are other key measures in the industry? (average profit margins, sales commissions, etc.)
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What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Apparel
https://www.ic.gc.ca/eic/site/026.nsf/eng/h_00070.html
NAIC
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Shopify
Amazon
Stormtech
Farfetch
entripy.com
Promotional Products Canada
governemnt website
libraries
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
number of apparel market in my area
A need of promotion and marketing
number of stores partnered with the competitors
Tech apparels
competitors own website
statistics canada
government website
How big is my target market and where do they live or work?
Ontario Region
Busy employers
Age 25 – 45
Ontario websites
Data collection in cic website and library
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
advertising
target product promotion
physical event
What are the main modes of marketing?
advertising
target product promotion
physical event
How does government regulation affect the industry?
barriers on international trade
sales price cielling
minuimum wage
How sensitive is the industry to seasons and economic cycles?
very
each season has its own custom and own line of clothing
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
According to McKinsey’s survey of a representative sample of more than 450 companies worldwide, across market segments, product category focus, geography, operating model, and sales, the Global Fashion Industry’s average EBITA was apx. 9.8% in 2014.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Spiritual Healing
Self Help
Meditation
Journals
Library
Internet
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Yoga studios
Meditation centres
Attending a few of their classes
Articles that have been posted
Word of mouth
social media
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
High Stress due to finances, family and work
PTSD
Anxiety and Depression
Journal Articles
Personal Stories
Testimonials
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social Media
What are the main modes of marketing?
Social Media
How does government regulation affect the industry?
There are no regulations in canada for the spiritual healing
How sensitive is the industry to seasons and economic cycles?
The winter seasons would have a greater impact on my business for the better. During the colder months people tend to suffer from Seasonal Depression.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Photography and Retouching
Online
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Woodgate photography
McCarthy Photography
HRM Photography
Walmart Portrait Studio (Photosunlimited)
http://erinwoodgatephotography.com/
https://mccarthyphotography.ca/london-ontario-photographer/
http://portraits.hrmphotography.com/
www.photosunlimited.ca
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Cell Phone Photography
Free Photo editing software
Walmart Portrait Studio
Anywhere. If you go to an event, you will see people taking pictures of their families with their phone. Because of phone cameras becoming better and better over time, there is less need for someone with skills taking pictures.
Why pay someone to take pictures and edit when you can do so yourself on gimp, pixlr and other free photo editing apps online?
They offer 2 sessions for 50 dollars. What people don’t know is the cameras are preset and anyone can do that job because of it. They press a button and take a picture.
How big is my target market and where do they live or work?
780 Families with Children (2016)
85% of those families with children 0-24 years old
Most in Business, management and Public Administration or the health field.
67% of the population between 15-64 years old
52% of the population is female
51.3% of people worked a full time job
55.6% Overachieved in post secondary
https://www.london.ca/About-London/community-statistics/population-characteristics/Pages/default.aspx
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Instagram/Instagram ads
Facebook ads
Word of mouth
Contacting leads and approaching people
Logo on purse/shirt/hat etc.
What are the main modes of marketing?
Instagram/Instagram ads
Facebook ads
Word of mouth
Contacting leads and approaching people
Logo on purse/shirt/hat etc.
How does government regulation affect the industry?
There isn’t much regulations from the government. Basic rules apply, parental permission for minors. Taking pictures in public spaces only. Respecting others privacy.
How sensitive is the industry to seasons and economic cycles?
Winter is a very slow month as many people don’t like the cold. Holidays are definitely good for business (Christmas minis, Halloween minis etc.). Must have access to an indoor studio during the winter. Many Christmas tree farm sessions happen during fall rather than winter. People are also more depressed and less confident in the winter due to weight gain. People are more likely to get a session when they’re feeling great about themselves and generally happy and comfortable.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Arts, entertainment, recreation
Online or library.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
None. Possibly scrabblatte, great canadian cards, cafe one. Similar, but different.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Games are online multiplayer more now than ever.
Online
How big is my target market and where do they live or work?
Northern Ontario, Sudbury most likely. Their job doesn’t matter much for my business. Size could be 5,000+
Graphic con which caters to the exact same demographic started with 300 people it’s first year, now more than 5,000 people went last year.
A study was done that found nearly 70% of Americans play video games in some sort or another. Canada will be VERY similar. 2.5 billion people in the world.
Online, in person.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Online, social media and at local events.
What are the main modes of marketing?
Online, social media and at local events.
How does government regulation affect the industry?
Some groups feel video games are bad for youth minds and would prefer gaming or internet cafes to be shut down.
How sensitive is the industry to seasons and economic cycles?
Not very, video games have been thriving since their inception, regardless how the economy is.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Fashion, or clothing store
The internet
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Nasty Gal, Dolls Kill, Moshino and BH Bryan Herns
The internet
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Plastic looks, pleather looks, faux fur, bright colours, 90s nastalgia, other nastalgia, OG Original Gangster styles to name a few
The internet
How big is my target market and where do they live or work?
Around the world, and they work full time to be able to afford the clothing.
The internet
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
711511 – Photographer (Artistic)
541920- Photographic Services
NAICS website
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Red Button Photography
Dawn Boyce Photography
Have Heart Photography
MeePhotography
Daira Keenan Photography
The Rights Moment Photography
Anitia Watkins Photography
Bain Richards Photography
Rebecca Nash Photography
Avan Petal Photography
Jay Terry Photography
Jorge Polio Photography
Chad Berry Photography
Focus Photography
Websites, Instagram, Facebook, google research, email or call to even see if they still offer services.
Can create a chart to see how long they have been in business for, active engagement on Instagram/ facebook or not
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Photographers change in fields / desires.
Instagram / Content Making how business are using instagram as a way to not only build their business by engaging with customers.
Baby boomers will still have that family orientated mind sets and want to still capture their children first birthdays, pregnancies, families portraits, they are becoming more modernized with Milk baths, and boudoirs, its developing.
Conducting survey in both local photography group and northern american groups to conduct survey in and see who switched fields and why and if it was just for another photography genera, or for another business completely.
Looking at social media information and talking to other social media mangers whom understand and see the growth behind Instagram.
to find out why this generation is very family orientated and family mind sets i can conduct a survey with matching age groups to determine the information and where they would like to see their families milestone moments and or photography needs lead them.
How big is my target market and where do they live or work?
My target market would be considered Families with children Primarily in London, Ontario. They would need to work in London, Ontario or surrounding cities are fine.
I also know I live in a agricultural rich community alot of organic home grown goods; I want to be able to find out more on how many families operate out of their business. Farms ?
Census Reports; Families information such as How many families are married with 1 kid, 2 kids, 3 + kids.
Finding out information if they live in their own home or in someone else.
I would need to find out the income levels of low income to high for the families sizes and determine a price that would accomedate accordingly.
I would like to look at the lone parent ratio and see how i can use this to help not only bring some relief to the parents but to be able to connect to this community in a understanding way as I couldn’t ever afford to professional photos of my child until I learned how to take photos. This could not only make a small difference in the community but it would make families that don’t get these precious opportunities because of financial differences a opportunity to do so.
Census Census , and Small business center may be able to help me write a list of things i should search or proper terms for these searches
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Main mode of marketing for me would be Instagram post, Facebook post Kijiji post, collaborations, connections and periodically paid advertisement through Facebook, Instagram.
What are the main modes of marketing?
Main mode of marketing for me would be Instagram post, Facebook post Kijiji post, collaborations, connections and periodically paid advertisement through Facebook, Instagram.
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
Winter may slow traffic down a little bit due to the nature of weather but with indoor studio and overall experience will make them brace the cold days and come and join our sessions days. I will need to look into this more to understand if there is anything that would effect me economically, but regardless I do not think anyone would not want photos of their child that is better quality and more of an experience then just a photo shoot.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
According to the report, global demand for digital photography market was valued at around USD 77.66 billion in 2015 and is expected to reach approximately USD 110.79 billion in 2021, growing at a CAGR of slightly above 6.1% between 2016 and 2021 –
https://globenewswire.com/news-release/2016/12/27/901767/0/en/Global-Digital-Photography-Market-will-reach-USD-110-79-Billion-by-2021-Zion-Market-Research.html
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Arts, entertainment and recreation
library and the internet
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
-Other You Tubers
-Book review You Tubers
-Book review bloggers
-Authors
-Book publishers
-Online Polls
– Author and/or publisher websites
-Competitor blogs/YouTube channels
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
-Blogging popularity
-YouTube popularity
-New books being published
-Other blogs or YouTube book review channels
– look at book review blog statistics for blogs and for YouTube book reviewers
-Other book reviews from media sources (i.e. New York Times Bestsellers, Chapters top sellers)
How big is my target market and where do they live or work?
My target market is large because it can reach people aged 14+ world wide via blog and YouTube.
My target market is readers 14+ and live world wide. They can have any type of job from retail-entertainment.
-Online polls
-Statistics from newspapers or on business blogs
-Chapters website best sellers or best sellers in each genre.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Google Adsense, Ads before or during Youtube videos, ads on your blog, ads placed on social media i.e. facebook ads.
What are the main modes of marketing?
Google Adsense, Ads before or during Youtube videos, ads on your blog, ads placed on social media i.e. facebook ads.
How does government regulation affect the industry?
by-laws, business licences needed, laws.
How sensitive is the industry to seasons and economic cycles?
My industry is sensitive during holidays. Especially Christmas (i.e. local theaters plays/musicals for Christmas). My industry does not suffer during any economic cycles. Everyone always needs entertainment.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Sales commissions in my part of the industry is dependent on how many YouTube views I get and how many blog views I get. I can make more of a profit using ads and using sponsorship’s with related companies.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Franchise- Tim Hortons
Tim Hortons company website
https://www.timhortons.com/ca/en/corporate/franchise-ca-faq.php
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
McDonald’s, KFC, Subway Wendy’s, Pizza Hut, Dunkin’Donuts,7 eleven and Burger King.
Franchisedirect.com
https://www.franchisedirect.com/top100globalfranchises/
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Restaurant Equipment and Technology, Service and Food Trends.
Internet
https://www.webstaurantstore.com/blog/2214/top-foodservice-trends.html
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
?
What are the main modes of marketing?
?
How does government regulation affect the industry?
?
How sensitive is the industry to seasons and economic cycles?
?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
?
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
crafts and craft shows
outdoor adventure
Paracord crafts
Brush Craft survial Product.
Libaray
friends (Gabby Morlock)
social media
internet – google
traditiion media (radio )
regional Business Centre
Ramakko’s
other outdoor adventure retaliler
Paracord suppilers
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
craft show :
craft show oraganizer
-Lynne Houl
–
–
St.Benedict’s craft show
other Braclets jewellery makers
other retailers that sells outdoor equipment.
outdoor Adventure
Mounitain Equipment Coop (MEC)
Esty
google
phone the organizers of the craft show
listen to Radio
visti stores or website
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
craft show :
more craft shows
all at the same time
Late fall early winter
Paracord craft :
Hasn’t hit sudbury just yet.
outdoor Adventure :
found it out Pintest , Esty
Ask people that know about it or just do it
How big is my target market and where do they live or work?
filled in later after persona is crated
you tube
internet
books
other people
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Online ,
What are the main modes of marketing?
Online ,
How does government regulation affect the industry?
I don’t think so
How sensitive is the industry to seasons and economic cycles?
good Season are:
Spring
Summer
Fall
not very inportant economic cycles
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
lawncare and landscaping.
online, professionals, stores, books, subscriptions.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
-Maximum lawn care INC.
-Spring green Lawn care.
-Independent workers or companies.
websites, flyers, news articles, social media, word of mouth.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
economy, climate, forecast/weather. city growth, city bylaws
government websites, economic charts or websites. weather/forecast application.
How big is my target market and where do they live or work?
Most of my customers would reside in suburban homes or on the fringes of the city. in the city i would expect working for business owners or other small yards.
driving around neighborhoods surveying front yards seeing where work needs to be done or at least get an idea.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
set up a simple website, a facebook page, claim your google listing. manage your online reviews, carry business cards with you. advertise with flyers.
What are the main modes of marketing?
set up a simple website, a facebook page, claim your google listing. manage your online reviews, carry business cards with you. advertise with flyers.
How does government regulation affect the industry?
lawn care and exterior maintenance is affected in a few ways from what i see. From eco friendly pesticides to bee populations and how to be mindful with fresh water.
How sensitive is the industry to seasons and economic cycles?
Very. lawn care is typically 6 `-8 months out of the season depending on weather.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
for labor and lawn mowing the average wage is 20/hr
ex.) if i do a quote on a mulch job i would figure out the square feet and convert it to cubic feet.
Lengh x width divided by 9 divided by 36 = cubic yards i need in mulch. i add labor hours and write a quote.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Health and Fitness
Online or books
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Movati Athletic London North
Fitness Avenue
Bailamos Fitness & Dance Studio
Fitness Forum
Dance Steps Studio
Online
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Technology – production of videos for clients to work at home.
Economy – the cost of Zumba class can impact the demand.
Society – whether or not there is a demand for Zumba.
Online
How big is my target market and where do they live or work?
My target market is big. Comprised mainly of students who attend Western or Fanshawe.
Online
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
The main modes for marketing would be social media. In particular, facebook and instagram.
What are the main modes of marketing?
The main modes for marketing would be social media. In particular, facebook and instagram.
How does government regulation affect the industry?
No relevant regulations found.
How sensitive is the industry to seasons and economic cycles?
Zumba can be conducted year round however, the cost of Zumba maybe impacted by the economic cycles.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Sales would be the key measure in the industry and the number of participants that are involved per class and not the number of classes conducted.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
54143 – Graphic design services – Industry
541430 – Graphic design services – Canadian industry
• NAICS Website
• Graphic Designers of Canada (GDC), https://gdc.design
• RGD, https://www.rgd.ca
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
• Any business or professionals requiring marketing and promotional needs
• Media
• Design agencies
• Not for profits
• Start up businesses
Examples of business under graphic design services industry: http://www23.statcan.gc.ca/imdb/p3VD.pl?Function=getAllExample&TVD=380372&CVD=380377&CPV=541430&CST=01012017&CLV=5&MLV=5&V=336972&VST=01012017
• RGD Designer Directory , GDC Find a Designer
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
• Increased numbers of people starting their own businesses
• Rise of websites selling cheap, pre-made logos
• Amount of funding dedicated to graphic design services by a company (/economy?)
• Changes in technology
• Social media
• Programs available, price increase for industry standard programs
• Aesthetics/image importance to a brand
• GDC
• RGD
• Creative Market, Creative Review
• Books, magazines, online media
• Education – colleges/universities
How big is my target market and where do they live or work?
Small business (those without in-house graphic artist) – marketing material/banners/brochure
New business owners (requiring logo design, marketing material, web design
Non-Profit organizations (marketing material/brochures/web)
Museums/Art Galleries/Exhibit Designers – posters/flyers/web/brochure/vinyl lettering
Event Planners – posters/programs/banners
Better Business Bureau listing
Facebook event listings
Museum/Gallery web search – internet/tourism london/london event listings/
Google search for event planners
Pillar Non Profit Network
Ontario Museum Assoc. Website
London Economic Business Development Directory
Local trade show listings – event listings
London Small Business Centre
London Small Business magazine
Community Service Organizations
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media, digital, print, guerrilla marketing
What are the main modes of marketing?
Social media, digital, print, guerrilla marketing
How does government regulation affect the industry?
There is no regulation from the government in the graphic design industry. This makes distinguishing between a skilled, trained designer and an uneducated designer difficult.
How sensitive is the industry to seasons and economic cycles?
• Advertising boom during holidays, seasons, and special events
• Advertising budget can double for Christmas holiday season
• $4.5 million for a 30 second ad during the super bowl
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Online Learning
Online, networking, books, etc.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Ingrid Arna, Molly Kubes, Nicole Hemmer.
Online, websites, interviews, videos.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Technology- digital marketing
Rise in interest in spirituality, health, and wellness.
Change in education and learning.
Internet resources.
How big is my target market and where do they live or work?
They live all around the world, particularly in the West. With the internet, the industry is large.
Online analytical tools.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
digital marketing and content marketing
What are the main modes of marketing?
digital marketing and content marketing
How does government regulation affect the industry?
Privacy policies and technology policies would impact the industry, as well as, regulation on health and wellness services.
How sensitive is the industry to seasons and economic cycles?
I am unsure at this time.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Will need to find a breakdown of this with more market research.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Towing Vehicle Transportation
Road side assistant
motor vehicle towing
Online Research
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Ross Towing
low price towing
charterhouse towing
quality towing
ohara towing
k&k towing
Online and secondary reasearch phone / interview
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
cvor safety standards
annual inspections
mto websites
How big is my target market and where do they live or work?
my target market is people who drive vehicles work in and around london and dont have road side assistant or caa
own auto shops
own dealerships
noticing the amount of vehicles on the road
how busy auto shops are
accidents
how many people are stuck on the side of the road or stuck
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
word of mouth
online
business cards
signs
What are the main modes of marketing?
word of mouth
online
business cards
signs
How does government regulation affect the industry?
annual safeties
cvor
licences plate weights
rgvwr
insurance for tow box and truck liability
How sensitive is the industry to seasons and economic cycles?
winter is higher rates as vehicle batteries fail and vehicles get stuck or off road
summer is higher as traveling rates go up increased for tire wear and repairs
spring/fall are unpredictable how ever people like to clean up in these times increasing scrap vehicle removal
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
average profit margins for towing is
59,900
net profits range from
17.3k-146.8k
expenses for my entry level in the low 25% will be roughly
26,600
this will include repairs insurance licencing fuel costs and all paper work associated with this business
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
audio production and engineering
the internet
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
other recording studio owners, engineers, producers, artists, managers,
the internet
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
various home studios being put together by local artists
the internet, searching throughout the city, word of mouth.
How big is my target market and where do they live or work?
The target market is small, and mostly based in downtown Sudbury
social media
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
the internet, radio and television
What are the main modes of marketing?
the internet, radio and television
How does government regulation affect the industry?
There was tax that artists from outside of Canada had to pay to insure they wern’t stealing work from artists out of Canada. Though that tax has been lifted, there are still possible issues with artists from outside of the country making it over the border and into Canada.
How sensitive is the industry to seasons and economic cycles?
Once the economy slows, the revenue of the Canadian music industry does as well.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Sales commissions were up to 55.5 million
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Food Delivery Service
Google business that are local or corporate ones that cover cities nation or worldwide.
Or call around local restaurants and see who they use if they don’t offer an in house one.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Restaurants
Delivery Services
Google or phone book and call
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Innovations to make it easier for the customer to order.
Research what restaurants and delivery companies are doing. Maybe attempt to order from companies and find out how their process works
How big is my target market and where do they live or work?
Any restaurant and any customer that would doesn’t want to cook or leave the house to pick up their food or eat out.
Ask people who work for said companies or ask the restaurants.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Radio, Tv, social media, online advertising.
What are the main modes of marketing?
Radio, Tv, social media, online advertising.
How does government regulation affect the industry?
https://www2.health.vic.gov.au/public-health/food-safety/food-businesses/food-how-to-keep-it-safe/food-business-home-delivery-guide
How sensitive is the industry to seasons and economic cycles?
Minor sensitivity to seasons, Holidays or weekends are peak and normal week days away from any occasions are the lows. Also the very end or the beginning of a month is a peak for anyone on disability or OW, it could be a usual non busy Tuesday or Monday but if it’s around that time of month when the low income residence have money I could be seeing a really busy night.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
All depending of the size of the company. It’s difficult to assess but I we base it off my company. Every driver working full force will do about 15 deliveries in a day within a 5 hour period. The driver makes 90$ for his delivery fairs and roughly 45 or more in tips while the company makes about 45 dollars on his services. The driver is happy and the company made 45$ on that one driver while doing nothing except providing an approximate 450$ cash flow, give or take. Driver pays his own gas, insurance, vehicle maintenance and food during his shift. So company fees are use of debit machine and banking fees. That will add up to about 1 320$. The driver makes about 16,200 for the company in a year and about 48 600 for himself. This mind you is if he works 360 days in a 365 day calendar. Should the driver only work 5 days a week he will make around 35 thousand. A small one driver company will make about 13 000 $ per driver a year while the driver makes a good living.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Self Development
Career Advice
Social Entrepreneurship Education
https://superheroacademy.net/
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
https://www.jesseelder.com/
https://projectlifemastery.com/
https://www.richdad.com/
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Entrepreneurship
Growth in Social Causes
Growth in the Online education model
Financial unrest
Distraction Epidemic
Debt Culture
Expansion of desires
How big is my target market and where do they live or work?
I know there are at least a million people in my target. And maybe at most 100 million people.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Online advertising.
Direct response.
Referrals.
What are the main modes of marketing?
Online advertising.
Direct response.
Referrals.
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
Very sensitive, Both booms and busts can be great for sales. But the sales copy will have to change significantly.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Photography
Through INstagram
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Social, Economic
I can go onto the housing market and wedding vendor websites
How big is my target market and where do they live or work?
My target market is couples and families.
Family oriented magazines and wedding related expos and maazines
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Instagram, wedding expos, and wedding magazines
What are the main modes of marketing?
Instagram, wedding expos, and wedding magazines
How does government regulation affect the industry?
In terms of taxes and housing markets
How sensitive is the industry to seasons and economic cycles?
Very
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
sales and commissions
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Limited service eating place, coffee shop
Naics, Coffee Association of Canada, Statista
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Andy’s coffee shop, Karen’s, Ed’s Family restaurant, Other Half Cafe, Hillside Variety… flannagan food services regularly delivers.
Stop rest supply, Wikwemikong Development commision. Members of the community.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Organic, specialty coffee, local, environment, fair trade, debit/credit, increased online activity, Single Serve coffee machine/pods, marijuana legalization, job markets,
stats can, coffee association of canada, wiky.net
How big is my target market and where do they live or work?
working/commuters
345-490 working/worked
270 commute within
40 on island
10 further
stats can.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
social media, i see a lot of billboards and commercials for larger places(tims Mcdonalds), word of mouth seems to be how i discover less known coffee shops.
What are the main modes of marketing?
social media, i see a lot of billboards and commercials for larger places(tims Mcdonalds), word of mouth seems to be how i discover less known coffee shops.
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
Coffee is a daily necessity, changing of seasons does little to change that, though perhaps people are inclined to consume hot beverage options in winter over cold option more likely to be consumed in summer.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
60 to 65 percent of prime costs go to labor
Food and beverage costs average 28 to 35 percent of total sales
Regular coffee drinks have an average margin of 15 to 20 percent, and specialty coffee drinks have an average margin of 12 to 18 percent
With a higher percentage for any food you serve, you should still be able to keep food costs below 25 percent, leaving more room for labor while remaining profitable.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Visual Artist, Landscape Artist
Online, Galleries, Conversing with other Artists
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Other Artists on Instagram
Other Artists selling on eBay and art distribution websites like Saatchiart.com
Artists selling in Galleries
Artists selling E-commerce good online (redbubble, society6, threadless, etcetera)
Local Galleries
Art magazines
Online research
Speaking to other artists in my niche
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
1. Bold and rebellious Art – Artists trying new things, memorable content.
2. Nostalgic Flashbacks – Leveraging fond memories of aesthetics from past decades works depending on target audience. Artists throwing in palettes patterns and fonts with a modern twist
3. Notable Styles – Artists interpreting famous past artist styles, redefining and incorporating them into their work.
4. Interactive Art – Getting the viewer involved with dynamic and interactive art installations
5. Minimalistic work – including elements that contribute deeper meanings using composition to trigger thought and consideration. Not always what it seems at first glance but inspires discussion.
6. Environmental Awareness – New wave of artists raising awareness for the state of the world to inspire change. Research shows 9 out of 10 millennials would switch brands to one associated with a cause.
7. Instagram Famous – Successful instagram artists recieving new and increasing recognition from industries. It is becoming a valid and profitable way to get clients.
8. Online Sales – The online art market is increasing, with more online sales than every before and more people buying artwork online.
Where Can I Find Out About It?
Surveys at public locations where it is permitted. Online research, in person interviews.
How big is my target market and where do they live or work?
It’s nearly impossible to determine this with the art market because art is highly subjective and composed of numerouse trends, customer tastes, profiles and venues for sales. I can say the market is Wide, very large and there are hundreds if not hundreds of thousands potential customers or varying ages and demographics.
Online Research, and surveys asking what kind of art they buy, and to share their age and city of residence.
Surveys at public locations if permitted asking the same questions.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
I’ve had difficulty getting a concrete answer to this question but I estimate the main mode of marketing is through Art magazines and through online advertisements.
According to https://www.google.com/amp/s/www.sixandflow.com/marketing-blog/six-trends-in-marketing-for-art-galleries-in-2018%3fhs_amp=true
Some art marketing trends are as follows:
1. Live Video: Artists creating Live Video feeds to encourage customer/follower engagement. A dynamic and transparent approach that offers relatability and follower interaction.
2. Interactive Content : Examples
– Interactive surveys/questionares that ask customer preferences/tastes and lead them to fitting artists works based on their results.
– Social Media polls, asking followers their favorite artists/pieces, or to vote on an artist’s next subject or piece to be created.
3. Influencer Marketing : Building real relationship with influencial artists online or through industries such as galleries or magazines, and asking them to promote your work
4. Mobile Video: Creating engaging and compelling video clips, displayed on various social media platforms. (Examples of subject matter could include interviews of you with customers or influencers, a day in the life, new projects or ideas)
5. Virtual Reality : Using virtual reality technology which is new and emerging to offer customers a more dynamic, real life viewing experience when consuming content or work online.
6. Personalization: Personalizing emails or advertisments to specific customers based on their previous/recent purchases or interests.
What are the main modes of marketing?
I’ve had difficulty getting a concrete answer to this question but I estimate the main mode of marketing is through Art magazines and through online advertisements.
According to https://www.google.com/amp/s/www.sixandflow.com/marketing-blog/six-trends-in-marketing-for-art-galleries-in-2018%3fhs_amp=true
Some art marketing trends are as follows:
1. Live Video: Artists creating Live Video feeds to encourage customer/follower engagement. A dynamic and transparent approach that offers relatability and follower interaction.
2. Interactive Content : Examples
– Interactive surveys/questionares that ask customer preferences/tastes and lead them to fitting artists works based on their results.
– Social Media polls, asking followers their favorite artists/pieces, or to vote on an artist’s next subject or piece to be created.
3. Influencer Marketing : Building real relationship with influencial artists online or through industries such as galleries or magazines, and asking them to promote your work
4. Mobile Video: Creating engaging and compelling video clips, displayed on various social media platforms. (Examples of subject matter could include interviews of you with customers or influencers, a day in the life, new projects or ideas)
5. Virtual Reality : Using virtual reality technology which is new and emerging to offer customers a more dynamic, real life viewing experience when consuming content or work online.
6. Personalization: Personalizing emails or advertisments to specific customers based on their previous/recent purchases or interests.
How does government regulation affect the industry?
The art market is relatively unregulated, however some countries are considered enforcing new regulations some which are likely needed. Besides copyright laws small business are also required to have the necessary permits.
How sensitive is the industry to seasons and economic cycles?
According to an online website, global warming may have an impact on the art market, due to the statistics showing sales decreased during extreme cold and warm weather. Sales highest in sprint and fall, on sunny days, according to the data.
One study showed people’s perceptions of colour changes depending on the seasons, due to the abundance of certain colours in their environment. (blue/white in winter, green in summer and orange/red in fall) this could work to my advantage or disadvantage if I study this further and understand it.
The art industry is an integral part of the economy and actually aids in sustaining it’s growth
“Those communities that are richest in their artistic tradition are also those that are the most progressive in their economic performance and most resilient and secure in their economic structure.” – John Kenneth Galbraith, economist
A depression might influence the industry as follows:
“When the stock market crashed in 1929, the world fell into an era of crippling uncertainty. To combat the devastating economic meltdown that followed, U.S. President Franklin D. Roosevelt fiercely championed the arts. Today, as we find ourselves submerged in similar unease, history reminds us that art remains an unexpected ally.” -https://theculturetrip.com/north-america/usa/articles/art-great-depression/
According to this site listed above, the art market was used to rebuild the economy in the United States during the depression and thus could technically be used the same way if it occured again. Because my art raises awareness on environmental issues it could be even more helpful if it was due to climate change (let’s hope it never comes to that.)
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Customer Behavior:
– Strong relationships between artist and buyer
– Content overload, customers can be easily distracted, noticing valuable content rather than only products, spending typically 10 seconds on your site and 97% not returning (according to google search result)
– People highly engaged with email inboxes, some will give emails if asked. Mailing lists reduces number of clicks and decisions customers have to make.
– People buy from people/businesses they trust
– People make decisions from emotion rather than just value
– Behaviors of potential buyers and customers hard to predict.
Aquisitions or Devestitures?
Acquisitions are the core of the market, however a portion will acquire art as an investment to resell at a higher value.
Other Products and Services Customer may Want/Need:
– Functionality: Product and service needs to functional the way customer needs in order to solve their problems or desire.
– Price: Varies by budget and income.
– Convenience: Product or Service needs to be a convenient solution to need your customers are trying to meet.
– Experience: The experience Using Product or Service needs to be user friendly, ergonomic and streamlined.
Costumer Service: you need to be reachable to customers and be available for communication.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Education (private, language); Tourism
IBIS World; StatsCAN; Languages Canada; Google search
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
1. English/Language schools in Ottawa (ABCE; Geos; Interlangues; CLLC; Berlitz; English Plus Training; Education Permanente; National School (Camps); Graybridge Malcom; Step By Step Proficiency; Destination Canada; ADE; Culture Works)
2. Professional Education Institutions in Ottawa (Algonquin College; University of Ottawa; Carleton U?)
3. Group Tour companies in Ottawa
4. Language software (websites, apps or other tech).
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Society
– Increasing tourism trend in Ottawa leading to Canada 150 & projected beyond?
– High season for summer (June to September); Shoulder season May/October; Low season November to March *
– Diversity of cultures/ethnicities in Canada
– Safety reports in Ottawa
Technology
– Online learning platforms and independent study is a huge market competitor (low cost high demand / easily accessible)
– Video and social media generation, increasing use
Environment
– Challenges faced with winter weather in Canada? (low season November to March*) (Cost of winter clothing?)
– Growing demand for natural/eco-tourism? Canada’s natural parks and nature tourism as the world becomes more urbanized/populated?
–
Economy
– English (American / British) companies expanding into non-English countries
– Improving or decreasing economic conditions in countries which would be interested in visiting Canada
– Cost of flights / fuel / travel increasing
– Cost of accommodations in Ottawa increasing
Politics
– Political conditions and laws in United States / feeling of wanting to visit or travel to the US (might want to come to Canada more now)
– Political relationships between Canada/China, between Canada/Saudi Arabia
– Each country’s viewpoint on marijuana (legalized in Canada)
News,
international friends stories/surveys,
international bloggers stories,
surveys to secondary connections in a variety of countries,
cost research online
statistic reports (StatsCAN, Languages Canada etc.)
How big is my target market and where do they live or work?
Big – global. Focus on top 10 tourist countries (found on StatsCAN & Langauges Canada)
1. China
2. France
3. Germany
4. Mexico
5. India
6. Japan
7. South Korea
8. Brazil
9. (Hong Kong, Taiwan)
10. (Italy, Netherlands, Swizerland)
Work
A) In any middle-income job that allows enough expendable income for travel; interested in outdoors/environment and continued travel to other countries (need English for Travel);
B) In international companies or English-founded companies that expanded to their home – require English for higher level meetings or promotions
Research international companies and where they establish overseas (e.g. Phillips and Siemens are tech companies that are established in Brazil/South and Central America)
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Agents / school fairs in other countries; Social Media / Online / Website & CRM; positive reviews/feedback/word of mout from students
What are the main modes of marketing?
Agents / school fairs in other countries; Social Media / Online / Website & CRM; positive reviews/feedback/word of mout from students
How does government regulation affect the industry?
1. Regulation on providing a study visa; limitation on tourist visa is usually 6 months, evaluated on an individual basis
How sensitive is the industry to seasons and economic cycles?
3rd quarter (mid-June to mid-September) makes the most profit by almost double (low season in winter)
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Promise to come back to this one.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
GIK
NOT FOR PROFIT
The RRCRC website
https://www.crcrr.org/fr/programmes/gifts-in-kind-programme-de-dons-en-nature
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
GIK -France
http://catalogue.adnfrance.org/178-jouets
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
the whole city of ottawa
individuals
businesses
GOV of Canada..ect.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
by cutting grants
How sensitive is the industry to seasons and economic cycles?
we can work all year round
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Media
Arts
Culture
Internet, library, networking , creative hubs across the city
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Centre for Social Innovation (CSI, https://socialinnovation.org/)
Free (http://thisisfr.ee/contact)
Vocal Fry Studios (https://www.vocalfrystudios.com/#)
Toronto Public Library
Artscape (https://www.artscape.ca/event/artscape-launchpads-creative-business-design-workshop/)
Artscape Daniels Launchpad (https://artscapedanielslaunchpad.com/)
Hxouse (https://hxouse.com/)
Oasis Skateboard Factory (OSF, http://oasisskateboardfactory.blogspot.com/)
NaNoWriMo (https://www.nanowrimo.org/)
Blogs, their websites
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
My target market is a-risk youth. At the moment in Toronto and the GTA.
In the future, across the world.
Organizations (non-profits, government owned projects and organizations, etc.)
Online
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Retail trade
NAICs
Business and Industry
Speaking to shop owners I know personally
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Nepal Handcrafts
Tree of Life
That new shop on durham
Friendship center N’Swakamok
Shikagimikwe Health Center
Ibead
Leather worker in lively
and hundreds of people running tables at events
Speaking with the community and other organizations like N’swakamok
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
The thirst for first nations cultures grows with every passing year
Warmer weathers means longer growing seasons for herbs and leather tanners
A lot of culture shops running closing down leaves little in the way of competition
Open avenues like cultural centers looking to reach out and share teachings
From the community around me
Contacting other organizations further south to follow trends I’m not seeing locally that could impact the north
How big is my target market and where do they live or work?
My target market is spread out and large, however operated under strict income and lower resources
Also the youth that continue to grow in numbers thirsty for knowledge and curiousity of the land they tread
SACY
NISA
N’SWakamok
Shikagaminkwe
Citizens
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Radio, word of mouth, existing, talking to people, business cards
What are the main modes of marketing?
Radio, word of mouth, existing, talking to people, business cards
How does government regulation affect the industry?
What is and isn’t allowed to be sold, licenses needed, trade
How sensitive is the industry to seasons and economic cycles?
Very, `harsher months yield less flow when no one wants to be out of the house, and a lot of trades workers are off for winter sseasons so less of an income. Economy shifts affects trades, deciding how much you want to charge, and if there is a community wide laay-off no one has an income to come in
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
EDUCATION SECTOR
Ministry of Health and Long Term Care
Ministry of Children and Youth Services
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Ministry of Health and Long Term Care
Ministry of Children and Youth Services
mental health services:
in Ontario are CMHO, CHEO and Connex Ontario
in Sudbury are CFC, CCN, CMHA, SKHC
Places Youth Frequent:
SACY
BBBF
YMCA (YJC program)
SCHOOLS
online
in person
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
SOCIAL-
There are always children being born
It is mandatory for young people to attend school
Most religions aren’t against mental well being
TECHNOLOGICAL-
Staying up-to-date with programs like power point to prepare presentations.
Staying up-to-date with online marketing tools, running a website.
Cloud storage, for online documentation.
ECONOMIC-
Funding is being cut for Child and Youth Work positions withen the schools so there will be a need.
ECOLOGICAL-
I don’t want to hurt the trees by printing documents repeatedly,so storing it on an accessible online cloud.
POLITICAL-
Have the paperwork to prove I am credible to provide services to youth. Criminal Record Check, ASSIST, First Aid etc.
online?
How big is my target market and where do they live or work?
Greater Sudbury in 2016
8 485, 10-14 year olds
9 455, 15-19 year olds
So lots of potential customers.
They go to school or attend local programs.
CENSUS
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
?
What are the main modes of marketing?
?
How does government regulation affect the industry?
?
How sensitive is the industry to seasons and economic cycles?
?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
?
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Accommodation and food services; Limited-service restaurant
Online, word-of-mouth, reference books.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Cafes, restaurants, snack and non-alcoholic beverage bars, bakeries, grocery stores, publications, blogs, social media influencers, government regulators.
Online, in-person, phone, word-of-mouth, reference books and documents.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
-increase in specialty dessert shops/products
-increase in popularity of Asian desserts
-globalization and popularity of Asian culture in the western world/ marketplace
-economic downturn and instability
-increased demand for health conscious foods
-increasing population of Edmonton
Online (blogs, articles, reference documents, social media, etc.), in-person, phone, word-of-mouth, reference books.
How big is my target market and where do they live or work?
(198,119/ 899,447)= 0.22
According to Edmonton 2016 census my target market is 22% of the city’s population. They city-wide Edmonton residents and would most likely have average to above income jobs.
Online, word-of-mouth, reference books.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Print and physical ads (billboards, signs, bus ads, etc), word-of-mouth, publications and blogs, online (search engines, website, etc.)
What are the main modes of marketing?
Print and physical ads (billboards, signs, bus ads, etc), word-of-mouth, publications and blogs, online (search engines, website, etc.)
How does government regulation affect the industry?
Small business taxation affects profits, food and health and safety regulations affect procedure.
How sensitive is the industry to seasons and economic cycles?
Less overall sales during winter, more sales during summer. During economic downturn people have less income to spend on eating out, leading to less sales.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Customer satisfactions, customer return rate, average profit margin, cost and sourcing of food ingredients, health and food safety measures (health inspection ratings), food handling certification, cost of store (rent.lease, or ownership), cost of food preparation equipment, environmentally friendly packaging.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Clothing and Clothing Accessories Stores – 448
(Or Costume Clothing Design, or just Clothing Design ??)
Hours of online research has proven to be the most useful. Articles, reviews and lengthy write ups about the integrity of many online shops (especially, when it comes to the tricky parts of cultural appropriation within the online costume design industry..) are all important for me to review, and deeply consider. I do not wish to be exactly like everybody else. I need to find ways to provide a change on these topics, or issues consumers in today’s society may have.
By searching keywords, and reviewing customer feedback, I have been lead back to many of the leading companies in rave wear that I already knew of.
* Will need to dig deeper to find more analytical information, like revenue of sales and non-purchasing customer views.
The State Of Fashion is a great starting place for this years statistics, basic analytics and personalized surveys for a generalization on the fashion industry.
(“The State of Fashion is now the largest and most authoritative overview of the industry, surveying more than 275 global fashion executives (approximately 30 percent more than last year) and interviewing thought leaders and pioneers.”
https://www.mckinsey.com/industries/retail/our-insights/the-state-of-fashion-2019-a-year-of-awakening – By Imran Amed, Anita Balchandani, Marco Beltrami, Achim Berg, Saskia Hedrich, and Felix Rölkens )
– https://www.statista.com/outlook/244/100/fashion/worldwide
– https://www.ic.gc.ca/app/scr/app/cis/summary-sommaire/54149
– https://strategis.ic.gc.ca/app/scr/app/cis/summary-sommaire/448
– http://www23.statcan.gc.ca/imdb/p3VD.pl?CLV=5&CPV=541490&CST=01012017&CVD=380377&Function=getAllExample&MLV=5&TVD=380372&V=336973&VST=01012017
– https://fashionunited.com/global-fashion-industry-statistics/
–
https://www.shopify.com/enterprise/ecommerce-fashion-industry
– https://cdn.shopify.com/s/files/1/0898/4708/files/Fashion_Apparel_Industry_Report_Oct2018.pdf?5090634583332979364
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Festival/Event Attendees
Farmer’s Markets, or other specified art markets.
Alternative Business Clothing Stores (i.e; Rave Apparel Stores, Head shops, Local Erotic Paraphernalia Stores, Costume Shops, Record Shops..
..to be continued.)
Online may be the better option again, as many of these companies will be reviewed in depth from a variety of sources.
There are some known alternative magazines, and companies that are leading in this field and can be used as examples for what demographics are most interested.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
EDM & Pop Music Culture/Festivals, Social Media Influencers, Many Fashion Industries (mainly alternative, although that is becoming more mainstream rapidly. There is already impact happening in my subindustry.)
Online research will be the best for that, as many of these events have large social followings due to all the influencers already the aforementioned industries.
If there are influencers, there is sure to be online threads/reviews/dialog surrounding the companies/industry.
Known magazines, or catalogs could be a place to research what people are seeing as ideal fashion, although modern fashion companies will focus on the accessibility of sustainable, or alternative wear, more than some of the colonial/conservative companies that have been leading until the current millennia.
How big is my target market and where do they live or work?
My audience is fortunately large, and they live/work among us.
Researching the influx of EDM events, legal or illegal, and their impact on society as a whole.
There are many studies, done in CAN/EU/US, on these events, and on just how many categorized groups of humans in society come together for them.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Advertisement is collectively spread through social media marketers, sustainability features/integrity, and by spreading as much imagery as possibly through paid advertisement options. (i.e; billboards, commercials, features in magazines, on celebrities and/or other influential persons.)
What are the main modes of marketing?
Advertisement is collectively spread through social media marketers, sustainability features/integrity, and by spreading as much imagery as possibly through paid advertisement options. (i.e; billboards, commercials, features in magazines, on celebrities and/or other influential persons.)
How does government regulation affect the industry?
The fashion industry is required to disclose the materials used in their creations.
Creating labeling rules that includes the maintenance requirements of different garments.
Certain materials can be toxic,
How sensitive is the industry to seasons and economic cycles?
“Last year, more than 1,875 fashion retailers shut down. This year, projections reported by WWD place the number at just under 10,000, “up 53 percent from the number of doors that went dark amidst the Great Recession in 2008.”
– https://fashionunited.com/global-fashion-industry-statistics/
The fashion industry is sensitive to economic cycles, and moves in step with them.
Prospering in times of economic growth, and remaining stagnate in times of recession.
Fashion seasons begin, and end in waves. The fact that people need different wear for seasons, and are constantly wearing and tearing their clothes out, provides a constant need for new items.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
I have created a small scope into what researchers are focusing on:
Ecommerce is specifically expected to rise:
“Driving this growth are four notable opportunities:
Expanding global markets outside the West
Increasing online access and smartphone penetration
Emerging worldwide middle-classes with disposable income
Innovating technologies to create experiential ecommerce
Fashion consumers will also have more buying power, as the number of potential customers is projected to grow to more than 1.2 billion by 2020. The good news for fashion is that the majority of these new consumers are within the 16 to 24 and 25 to 34 age groups.
The biggest threats to established brands include the:
• Death of brand loyalty due to market fragmentation
• Cost of combating online return rates as high as 50%
• Fast fashion’s ability to create and release styles on-demand
• Pressure from consumers to use ethically sourced, and green manufacturing materials.”
– https://www.shopify.com/enterprise/ecommerce-fashion-industry
“The segment Clothing Accessories & Other Clothes accounted for 12% of the Apparel revenue in 2018. The worldwide revenue of US$215 billion in 2018 is expected to increase to US$283 billion by 2023. The upswing in online shopping and the continuing expansion of major textile chains lead to an increasing pressure on price levels in an ever-growing total market, which is just one explanation for its steady growth.”
– https://www.statista.com/study/48861/apparel-report-clothing-accessories-and-other-clothes/
“…one third of all online purchases are
returned — forward-thinking leaders must aggressively work to reverse this trend.”
– https://cdn.shopify.com/s/files/1/0898/4708/files/Fashion_Apparel_Industry_Report_Oct2018.pdf?5090634583332979364
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Secondary rock breaking
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
rollings blasting, fraser drill and blast, muskoka drilling and blasting
Internet
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
government and city regulations, environmental agencies
Internet.
How big is my target market and where do they live or work?
The target market is home owners that have rock in or around the house.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Internet
What are the main modes of marketing?
Internet
How does government regulation affect the industry?
Potential regulation requiring a blasting license for operators in the future. City regulations on Site alterations.
How sensitive is the industry to seasons and economic cycles?
we can still work in the winter, it will just cost more to remove the snow and make the work achievable. It is harder to compact soils in the winter. As per economic cycles, yes. Our services are somewhat costly.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
My industry type is; cosmetic Spa
My industry name is: Spa
I can find out about them from other spas, online spas, and from makeup artists.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
All potential players are; Hand and Stone Message and Facial spa, Skinprovement – Medi Spa & Laser Clinic.
Online and in store
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Trends that impact my industry are; The use of organic and natural products – 12 %
Increasing use of alternative treatments and therapies, such as Ayurvedic therapies, reiki, energy work and salt therapy – 11%
Stress management, including practices such as mindfulness and meditation, and “the incorporation of approaches such as lifestyle coaching into the work of the spa”– 8%
Trends around making use of technology and adapting to e-commerce … “creating new business demands such as online booking, increasing their use of social media and online promotion and marketing” – 8%
Customization and personalization of services to the individual needs of clients – 7%
Skincare related trends including “Advanced/results oriented skincare treatment” – 7%
Medical and healthcare trends, “often linked to increased demand for medical spa treatments or services” – 6%
How big is my target market and where do they live or work?
My target market is pretty big because; I have an in-store plat-form but also a mobile setting.
Online, in-store, and in person
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
There are different ways to do this, but major strategies include using loyalty programs, special events, optimized websites, and social media to promote engagement. When used consistently and creatively, spa marketing tactics can lead to expanded business, greater brand awareness, and more client referrals.
What are the main modes of marketing?
There are different ways to do this, but major strategies include using loyalty programs, special events, optimized websites, and social media to promote engagement. When used consistently and creatively, spa marketing tactics can lead to expanded business, greater brand awareness, and more client referrals.
How does government regulation affect the industry?
Beauty salons, which provide esthetic services like manicures and pedicures, makeup applications, facials and skin treatments, hair removal or any combination of these services.
Hair salons, which provide hair cutting and styling services.
Day spas, which promote relaxation and health by offering personal care services such as massage, aromatherapy and other therapeutic treatments.
Personal care services, such as esthetics and tanning salons.
How sensitive is the industry to seasons and economic cycles?
A cyclical company is likely to experience wider-than-average fluctuations in demand, high demand in economic expansion and low demand in economic contraction, and may be subject to greater-than-average profit variability related to high operating leverage. Non-cyclical companies produce goods or services for which demand remains relatively stable throughout the business cycle.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What are KPIs?
KPI stands for Key Performance Indicator.
KPIs basically measure your spa’s performance.
They help to evaluate the success of your spa in a variety of activities.
What is success in the service industry and particularly in Spas?
Ok, if KPIs help to evaluate the spa’s success, what is success then?
Simplified we can define success as the achievement of operational and strategical goals. For example a certain level of revenue increase, customer satisfaction (click to read more about guest satisfaction here), percentage of complaints, achieving market leadership etc.
Spa businesses are complex creatures
People deal with people.
That is difficult as such.
Above, quality and features of services cannot easily be measured.
And new market entrants and substitute offers can take away slices of the market pie.
Understanding the business in great detail helps in achieving operational goals and to provide excellent service that leads to sustainable and competitive business.
How to choose the right KPIs?
Choosing the right KPIs strongly depends on what is important to the organisation.
You may say “..at the end, the only important thing is revenue…”.
Yes, buuuut….
I think revenue is an important result, not a goal!
Goals should rather sound like this:
“Increase guest satisfaction by x percent”
“Shift ratio between new customer and repeat customer by x percent”
“Improve occupancy by …”
“Lower costs by …”
“Improve staff moral…” etc.
Because all those will result in better revenue.
Yet we can see that those goals and their related KPI can have very different sources. What is important to the spa manager may differ from what is important to controlling, or executive management when thinking about investments.
Spa Management KPIs
Despite potential conflicts of interest, every spa manager needs to understand their most common operational KPIs.
You can retrieve some of your KPIs from your Spa Software in your ‘report’ menu.
Let me list a few Spa KPIs today and tell you why the spa manager needs to monitor them. This can happen on a daily, monthly, quarterly, or annual basis or any time frame you wish.
Spa Occupancy
Is also called ‘treatment room occupancy’ or simply ‘general productivity’.
It tells us how busy we are.
total number of treatment hours (TH) divided by total number of available treatment hours (ATH)
Average Treatment Rate (ATR)
Sometimes, it may occur that the spa is very busy and everything goes well Every therapist and beautician is booked. However at the end of the month or year, the general performance of the spa does not look favourable. How can this happen?
Just think about the many different prices that spa offers have:
a waxing of 15 min for 20 Euros, a massage of 60 min for 95 Euros, a facial of 80 min for 160 Euros. If you were to calculate a minute price (which we do not really do, we like to stick to hours), we understand the great differences. So you will achieve a very different outcome if you sold only waxing for an entire morning, versus facials only for the same time frame. Ideally we would always try and sell the most profitable treatment (which is not necessarily the one that achieves the highest price!) only. But of course, we sell a mix of treatments and rates which changes on a daily basis. And the ATR tells us which it is.
total treatment revenue in a given time period (divided by) total number of treatments performed in same period
Average Treatment Time
We sell time in spas, and any drastic changes in average treatment time could negatively impact RevPATH and occupancy rates. That is why I consider this spa key performance indicator pretty important.
Total number of treatment hours sold / Total number of treatments sold
We need to keep an eye on average treatment time when designing or re-designing a Spa Treatment Menu.
Repeat Guest Ratio
Tracking the number of guests that return to the spa gives us valuable information on how engaged guests are with the brand.
Total number of repeat guests / Total number of guests that visited the spa.
Hotel Guest Capture Rate (for Hotel Spas)
Tells us how many of the hotel guests have patronised the spa.
Industry benchmark is somewhere between 15 to 40% for resort areas, and about 5-7% in urban Hotel Spas.
External Guest Ratio (for Hotel Spas or Membership Spas)
The split of external versus internal clients is particularly important for a hotel spa that relies on local clients to sustain their business during off season. A helpful way of binding external guests to the Spa are Spa Memberships.
Total number of external (non-hotel) guests / Total number of guests that visited the spa
Retail Sales
Retail sales is measured in percentage of treatment revenue.
If you want to achieve for example 20%, you need to sell retail worth 20 Euros for every 100 Euros treatment revenue.
And why is this important? Because we have fixed capacities in spas, usually limited by the number of treatment rooms available, or service provider.
One way of stretching revenue streams once you have full occupancy is retail.
My KPI table
Have you signed up for my newsletter yet? Then you have received my surprise and free KPI spreadsheet for your convenience.
Confused about all the numbers? No worries, just drop me an email and I am happy to shed more light on this. I am here, you just need to get in touch.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Educational support services
Other business support services
Professional employer organizations
Social Advocacy Organizations – 81331
Non-NAICS names:
Training, Consulting, Facilitation
Researching online
Interviewing people who already have these jobs
Reading a book
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Accessibility Consultants Association of Ontario
Accessibility Ontario
AccessAbility Advantage
Access (SCS) Consulting Services
Rick Hansen Foundation
We Hate Stairs
New Wave Accessible Design Consulting
CBI Consultants
Online
Interviews through email or phone
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Most people in their lifetime will have a disability
Accessibility for Ontarians with Disabilities Act, 2005
The Accessible Canada Act (Bill C-81)
Granting agencies
Online
How big is my target market and where do they live or work?
Any business and non-profit in BC – BC has a total of 8,200 large businesses
Online
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Consulting seems to be word of mouth, networking, and websites – only a few have social media.
What are the main modes of marketing?
Consulting seems to be word of mouth, networking, and websites – only a few have social media.
How does government regulation affect the industry?
No, not yet, but they probably will one day.
How sensitive is the industry to seasons and economic cycles?
N/A
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
N/A
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Music
Naics
Statistics Canada
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Tom Lee
Long & McQuade
Other indie recording studio owners in victoria
Searching google for music industry companies in Victoria
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Music scene is not as big in victoria
More people are choosing to record themselves
rather than paying someone to do it
Statistics Canada
Not sure how to find about how
total industry sales in the industry.
Found out some things in Music BC : https://musiccanada.com/wp-content/uploads/2016/02/BCs-Music-Sector-From-Adversity-to-Opportunity.pdf
Independent Music Canada : https://cimamusic.ca/advocacy/canadas-independent-music-industry
How big is my target market and where do they live or work?
It is medium sized (I would say around 20% of those on the island would play music) – Would have to double check.
They live in Victoria BC near the downtown area.
Statistics Canada
Researching about the music community here in Victoria
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Various media.
Social media.
Tv, Magazines.
What are the main modes of marketing?
Various media.
Social media.
Tv, Magazines.
How does government regulation affect the industry?
Some grants are available to only musicians in
certain regions of Canada (they have had to
have resided in a location for at least ‘x’ amount
of time).
How sensitive is the industry to seasons and economic cycles?
Digital music is gaining speed,
whereas physical formats are no longer so sought after.
https://www.careersinmusic.com/music-industry-revenue
Economic cycles don’t impact the industry as much, but
consumer’s taste in the way they want to access music.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
% Of independent musicians / signed (label) musicians.
Creators are no longer coming to labels as they don’t ensure success.
https://www.forbes.com/sites/melissamdaniels/2019/07/10/for-independent-musicians-goingyour-own-way-is-finally-starting-to-pay-off/#53353fec14f2
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Clothes
Queer/trans
Passing
Medical?**
In my products and Target
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Peecock
Gb2s binders
Internet
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
LGBTTQ2SA
community
Internet and u of t gender studies department
How big is my target market and where do they live or work?
Trans folks and LGBT community
Internet
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Trans flag
What are the main modes of marketing?
Trans flag
How does government regulation affect the industry?
Fabrics prices
How sensitive is the industry to seasons and economic cycles?
I don’t know
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
I don’t know
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Services
Validation questions
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Marsavco, congo mecha, tech market,
Validation questions
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Economical, technology, environmental, political
validation questions
How big is my target market and where do they live or work?
A little more than 400,000 people all working in the engineering field and construction engineering
Last year’s data and statistics
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
online advertising and television commercials. Posters on main streets
What are the main modes of marketing?
online advertising and television commercials. Posters on main streets
How does government regulation affect the industry?
taxable revenue, licesing and rules and regulations for industry services
How sensitive is the industry to seasons and economic cycles?
Very sensitive as economic matrix define the power of purchasing
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
profit margins, sales commissions , etc
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
food industry
the web page of a specific company
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Japanese restaurants
Japanese shop sold Japanese foods
fast food shop like fish and chips, pizza, hamburger
from friends, people who know many restaurants and food in Victoria
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
increasing the price of ingredients (government, climate change)
organic and vegan foods
how to deliver (technology)
news, past reports of a food company or restaurants
How big is my target market and where do they live or work?
kids to elder.
or 25 to 50 years old. selling it with alcohol.
near the ocean because selling products with seafood. and sightseeing spots
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
flyer
What are the main modes of marketing?
flyer
How does government regulation affect the industry?
tax for foods and alcohol
How sensitive is the industry to seasons and economic cycles?
seafood depend on specific seasons
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Canadians have not reduced their fast food visits, primarily due to convenience.
Canada, approximately 40% of Canadians prefer to eat their breakfast “on the go,” because it saves time from having to cook or with no interest in preparation. This trend is high amongst millennials.
Take out and drive-thru
How is the industry responding to these challenges?
Healthier options
Franchise concepts based on healthier ingredients and meal choices continue to pop up, and the old stalwarts continue to add healthy options to their menus. Locally sourced ingredients – something that has been counter to much of the fast food industry distribution model – are on the rise.
Major chains are promising to source fresher ingredients with less additives, free-range chicken is showing up on more menus, and some restaurants are offering vegetables as a main course or the primary side. And a recent report claims that almost 50% of restaurants with organic options have an average check size of $5-7: that is fast food!
Higher prices and more efficient operations
Labor concerns are a stickier problem. Some of the increased costs can be passed on to the consumer – but not all. Fast food is desirable in part for the low price, and consumers are price sensitive.
Some franchises are working to reduce their labor costs. In other words, figuring out creative ways to employ fewer people, primarily by leveraging technology. Self-serve kiosks and mobile apps for ordering and paying are the primary examples seen in newer franchises.
Franchise Diversity
New micro cuisine franchises are gaining in popularity. We all know about burger and chicken franchises, and we’ve seen rapid growth in Mexican and Chinese options. How about Hawaiian food? It’s already a popular opportunity for franchisees in California. Experts predict 2018 will see an increase in these “regionalized” menu options. Watch out fast casual!
Stronger flavor profiles have also started popping up in 2015 and consumers are loving them. Sriracha isn’t an ingredient you would expect to see on the menu…but it’s been declared a go-to condiment for millennials…so it’s popping up left and right!
https://www.franchisehelp.com/industry-reports/fast-food-industry-analysis-2018-cost-trends/
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
7223: Special Food Services
U.S Census site, Stats Can, Industry Canada
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
TopSoil, Lifecycles, Spud, Saanich Organics, Local Bakeries & Grocery Stores.
Websites, Media, Contact.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Environmental: Climate Change and drought already hurting slalal and western redwood cedar – could be an obstacle, but also a reason for people to support the environmental impact of the enterprise, urban contamination could be a serious real and/or perceived obstacle. Technological: Advancements in other forms of food production could reduce the viability of this business. Political: A change to the city council’s policy on boulivard gardening could shut down or transfer ownership of one pillar of the plan. Societal: Ongoing process of colonization, Indigenous resistance & resilience, and settler- Indigenous Relations – could either be the main draw behind the idea if it works, or the reason not to move forward and to center Coast Salish communities. Economic: The rate of new development in the community could be an obstacle in some settings, and the saturation of the local market with well established sellers could be both an opportunity and an obstacle.
Interviews with stakeholders. Journals, Indigenous knowledge holders, Environmental and long-term-local knowledge holders, my books, internet, census,
How big is my target market and where do they live or work?
If I can partner with SPUD, my target market could cover almost all of the South and Central Island including Sooke to Oak Bay to Sidney as well as the Cowichan Valley, and along the East Coast of the Island up to Lanzville (including Nanaimo + Duncan), as well as Salt Spring Island. I think there will be a few different “archtypes of my target market, but I think that it will skew towards wealthier and higher educated folks (with a good chunk of less wealthy but socially/environmentally minded folks). In the CMA of Greater Victoria, there are over 90,000 University Educated individuals, and over 300,250 individuals earning more than $40,000 a year.
Stats Can, Interviews, Victoria Vital Signs Survey.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Internet, Catalogue, Print, Customer peer recruitment, t.v.
What are the main modes of marketing?
Internet, Catalogue, Print, Customer peer recruitment, t.v.
How does government regulation affect the industry?
Market Safe and Foodsafe, business license, food labels in some circumstances, taxes, boulevard gardening system, zoning.
How sensitive is the industry to seasons and economic cycles?
The industry is quite susceptible to seasons and economic cycles and my idea would be quite season dependent and/or seasonally dynamic.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
New Businesses formed and businesses going out of business. Food security locally.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Mobile Food Services
https://www.ic.gc.ca/app/scr/app/cis/summary-sommaire/72233
Government website
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
All the food truck, mobile vendor services as of
Lunch wagons
Mobile canteens, food service
Snack trucks operation
Street vendors,
On their websites, social media pages
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
More than 4,000 food trucks are zipping around the nation these days, with annual sales exceeding $1.2 billion. Food-truck revenue jumped at an annual rate of 7.9 percent over the past five years, estimates IBISWorld, the market research specialist.
Healthier options in the food truck industry are gaining popularity. While the old times of junk food is starting lose interest as much as the dairy and mat industry, in opposite, The vegan one is also gaining a huge place in the market industry.
12 Mobile Food Trends for the Future
IBISWorld
How big is my target market and where do they live or work?
Demand Determinants
Major Markets
Consumers aged 18 to 34
Consumers aged 35 to 44
Consumers aged 45 to 54
Consumers aged 55 to 64
Consumers aged 65 and older
It is a very large target Market even tho I am specializing in certain types of consumers.
IBISWorld.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social Media, website, catering events, billboards, festivals,
The Street Vendors industry has been one of the best-performing industries in the broader food service sector during the past five years. Since the recession, consumers have been cautious with their spending and street vendors have benefited from serving high-quality food at budget prices. Product innovation and a move toward healthful foods have also been features of the industry as more audacious recipes have been cooked-up to attract new customers. As a result of these trends, the industry is expected to continue growing over the next five years
What are the main modes of marketing?
Social Media, website, catering events, billboards, festivals,
The Street Vendors industry has been one of the best-performing industries in the broader food service sector during the past five years. Since the recession, consumers have been cautious with their spending and street vendors have benefited from serving high-quality food at budget prices. Product innovation and a move toward healthful foods have also been features of the industry as more audacious recipes have been cooked-up to attract new customers. As a result of these trends, the industry is expected to continue growing over the next five years
How does government regulation affect the industry?
Lower regulations have opened the door for more food trucks to enter the marketplace.
As long as you are approved by VIHA, you are good to go.
Then you will most likely get your Business license.
Municipal regulations often limit where food trucks can be located, the number of continuous hours they can operate and the number of providers permitted in a given area. While these regulations can serve legitimate urban planning or other policy goals, some restrictions may go further than necessary. Restricting the ability of food trucks to compete in the food service industry can reduce consumer choice and stifle innovation.
How sensitive is the industry to seasons and economic cycles?
The industry is extremely sensitive to the seasons. It is running mostly from May to September when the weather is permitting. If the temperature, weather isn’t cooperating it can cause a lower rate of customers where you will be.
Economic Cycles, the food truck gained popularity after the recession where you can buy tasty food with better budget prices.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
profit Margin, number of customers, number of sales.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
511130-Book publishers
41446-Toy and hobby goods merchant wholesalers
-government of Canada stats
-hay website
–
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
-Hay House publishing
-Wild woman enchanted co. https://www.wildwomanenchanted.com
-Group works card deck
-Star child tarot https://www.starchildtarot.com/#intro
-The wild unknown
https://www.thewildunknown.com
-Meggan Watterson-the divine feminine deck and so much more
https://www.megganwatterson.com
-moonology oracle
https://www.hayhouse.com/moonology-oracle-cards-deck
-the inner activist
https://www.inneractivist.com
-https://www.amazon.ca/Self-Care-Activists-Clearing-Yourself-Working-ebook/dp/B018W8I6FW
-Banyan books
-Hay house
-the inner activist
-the haven https://haven.ca
-Shambhala centre https://victoria.shambhala.org/shambhala/shambhala-vision-and-teachings/
–
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
-“Many consumers looking for more practical programs and a return on their invested time and money have found that programs and philosophies – such as the “law of attraction” – have overpromised and underdelivered.”-Many consumers looking for more practical programs and a return on their invested time and money have found that programs and philosophies – such as the “law of attraction” – have overpromised and underdelivered.
-We should see better 5.6% average yearly gains in the US self help industry from 2016 to 2022, when the overall market value should increase to $13.2 billion.
-more than half of millenial woman made self care their new year resolution for 2018 https://www.shape.com/lifestyle/mind-and-body/more-half-millenial-women-made-self-care-their-new-years-resolution-2018
-self care was the top app trend of 2018 https://www.shape.com/lifestyle/mind-and-body/self-care-app-trend-2018
And this mixing up of all meditation types has infected—and hence devalued—too much of the clinical research. https://www.globalwellnesssummit.com/2019-global-wellness-trends/meditation-goes-plural/
-Globally, one in six people now has at least one mental or substance abuse disorder (over 1.1 billion people)—with anxiety disorder ranking #1 https://www.globalwellnesssummit.com/2019-global-wellness-trends/meditation-goes-plural/
-the CDC reports meditation is now tied with yoga as the top two alternative medical practices in the US https://www.globalwellnesssummit.com/2019-global-wellness-trends/meditation-goes-plural/
-For a practice that’s all about finding calm and clarity, the debates around meditation are so unusually heated and contradictory. It seems to hold on its shoulders a lot of stress: It will solve everything or it solves nothing—it’s by nature a critique of ego-driven capitalism or it’s the best way to become a better entrepreneur—it’s become an unspiritual, commercial McMindfulness or it’s by nature too religious. (Christian groups are now suing to keep meditation out of US schools.) https://www.globalwellnesssummit.com/2019-global-wellness-trends/meditation-goes-plural/#_ednref1
-The combination of the emotional toll of SJHR workand the culture of selflessness can hasten ‘activist burnout’, a condition,described in more detail later, which often results in people scaling back on or fully disengaging from their SJHR activism (Rettig 2006). https://www.researchgate.net/publication/283196414_Burnout_in_Social_Justice_and_Human_Rights_Activists_Symptoms_Causes_and_Implications
-“People are starting to take a step back from the 24-hour digital life we have now and realize the mental health issues from being constantly connected to work,” Greene said. https://www.reuters.com/article/us-world-work-fourdayweek/burnout-stress-lead-more-companies-to-try-a-four-day-work-week-idUSKBN1OG0GY
-A recent survey of 3,000 employees in eight countries including the United States, Britain and Germany found that nearly half thought they could easily finish their tasks in five hours a day if they did not have interruptions, but many are exceeding 40 hours a week anyway – with the United States leading the way, where 49 percent said they worked overtime. https://www.reuters.com/article/us-world-work-fourdayweek/burnout-stress-lead-more-companies-to-try-a-four-day-work-week-idUSKBN1OG0GY
On the self-care movement getting so big- “It’s partly a reflection of the society in which we live, which is fragmented, and where solidarity is greatly under threat. There is a very strong individualized rhetoric behind self-care, which I think is popular for a lot of people today, especially for government and states who would find it rather convenient to outsource public healthcare.” https://www.vice.com/en_us/article/zmdwm4/the-young-and-the-uncared-for-v25n4
Additionally, Millennials are more ‘herd-driven’ than other generations. Millennials were 65% more likely than other generations to participate in an activity when their peers were also participating. https://canadianmillennials.ca/selfcare-the-10b-industry-millennials-made-by-accident/
Canadian millennials spend nearly twice as much as Boomers do on self-care products and services, $295/month vs. ($152/month) respectively. https://canadianmillennials.ca/selfcare-the-10b-industry-millennials-made-by-accident/
Many articles online seem to have lots of information on trends related to self-care, mindfulness and activism!
How big is my target market and where do they live or work?
They work in non-profits or grassroots organization or starting in politics or are just starting out with volunteering.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
social media for Millenials, etc.
What are the main modes of marketing?
social media for Millenials, etc.
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Educational Services
611610 – Fine arts schools
from North American Industry Classification System (NAICS) Canada 2017 Version 2.0
http://www23.statcan.gc.ca/imdb/p3VD.pl?Function=getVD&TVD=380372&CVD=380377&CPV=611610&CST=01012017&CLV=5&MLV=5
NAICS
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Guitar stores
community centres
TDSB learning
music studios
online learning websites, Lynda etc
YouTube
Universities/fine arts schools
Apps for learning guitar
Their respective websites
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Cuts to music funding/ontario arts council, doug cuts
increase in digital learning
new benefits of arts education
increased smartphone usage
How big is my target market and where do they live or work?
Live : Roncenvalles
Target market: youth 10- 24 ~ 2000
couple families with kids/other relatives: ~ 1600
avg income : 150k
one person households – 45k
count: 2,700
Neighbourhood profiles
https://www.toronto.ca/ext/sdfa/Neighbourhood%20Profiles/pdf/2016/pdf1/cpa86.pdf
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
// reference https://www.ic.gc.ca/app/scr/app/cis/gdp-pid/61
Advertising – website (electronic media), posters (display media)
Word of Mouth
Sales promotion
Events and experiences …Company-sponsored activities and programs designed to create daily or special brand-related interactions with consumers -> Direct marketing – Use of mail, telephone, fax, e-mail, or Internet to communicate directly with or solicit response or dialogue from specific customers and prospects. e.g free ukulele class, then advertise ukulele lessons with emails gathered
ref https://www.chegg.com/homework-help/questions-and-answers/marketing-communications-mix-consists-eight-major-codes-communication-advertising-sales-pr-q11431485
What are the main modes of marketing?
// reference https://www.ic.gc.ca/app/scr/app/cis/gdp-pid/61
Advertising – website (electronic media), posters (display media)
Word of Mouth
Sales promotion
Events and experiences …Company-sponsored activities and programs designed to create daily or special brand-related interactions with consumers -> Direct marketing – Use of mail, telephone, fax, e-mail, or Internet to communicate directly with or solicit response or dialogue from specific customers and prospects. e.g free ukulele class, then advertise ukulele lessons with emails gathered
ref https://www.chegg.com/homework-help/questions-and-answers/marketing-communications-mix-consists-eight-major-codes-communication-advertising-sales-pr-q11431485
How does government regulation affect the industry?
N/A ?
https://www.fundera.com/blog/government-regulations-on-business
How sensitive is the industry to seasons and economic cycles?
Not very sensitive towards economic cycles. –>i ndustries such as health care and education are generally less affected by recessions than manufacturing and other so-called less essential services.
Seasons not so much.
What industries are sensitive to business cycles?
https://www.bls.gov/mlr/1997/02/art2full.pdf
https://www.chicagofed.org/publications/economic-perspectives/2018/3
https://lop.parl.ca/sites/PublicWebsite/default/en_CA/ResearchPublications/201514E#a12
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Key measures? Unsure
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Information and Communication Technologies
https://investalberta.ca/industry-profiles/ict/
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
– Come Back To This
www.google.ca / www.google.com
Any common search Engine
Service Canada Website*
Most critical players may be from outside of Canada
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Bio-metrics
Data Security
Customer Information Security
Web Searching
Business to Business Research
Banking Customer Surveys
How big is my target market and where do they live or work?
The initial target market at the beginning stages are limited due to complexities in the technology market.
Target Market –
Other Technology companies
Other Financial Technology componies
Financial Institutions
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Personal Stylist & Closet Organization
Through Social Media ie; instagram/facebook/twitter
online research
Youtube videos/bloggers
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Personal Shopper @Mayfair Mall
Makeup&Hair/Mobile Personal Stylists in town
Marie Kondo
-going in and booking with a stylist @Mayfair
-online research and reviews
-surfing their personal social media accounts
-watching their youtube accounts and reading their blogs
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Minimalism
Recycling&Upcycling
Local Charities & Businesses
Oak&Fort (online clothing subscription.. like netflix but for clothing)
major online research and walking through and speed reading trending books in the bookstore.
How big is my target market and where do they live or work?
Mainly based in Greater Victoria, BC
Women, mostly
29yrs – 49yrs of age
@work through Pocket Clothing
Shopping Malls
Thrift Stores
Markets
Festivals
Downtown
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
43% of purchases are influenced by personalized recommendations or promotions
75% of consumers prefer brands to personalize messaging, offers, and experiences
94% of companies see personalization as critical to current and future success
Instagram being number one means of selling
What are the main modes of marketing?
43% of purchases are influenced by personalized recommendations or promotions
75% of consumers prefer brands to personalize messaging, offers, and experiences
94% of companies see personalization as critical to current and future success
Instagram being number one means of selling
How does government regulation affect the industry?
None really, it all depends on the person and the spending range.
How sensitive is the industry to seasons and economic cycles?
Depends on my industries hype.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Just remember the words of Kevin Dao, co-founder and CEO/CCO at ORO LA: “In everything we do, we’re helping the customer imagine. We want them to imagine being the man in every picture. To imagine us being their stylist. To imagine, ‘That could be me wearing those clothes.’ We’re not so much curating content as curating imagination.”
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Retail Trade
Retail council of Canada
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Louis Vuitton
Zara
HandM
Gucci
yahoo finance
bloomberg
investopedia
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Society
Economy
Technology
Globe and Mail and other newspapers
Investor reports
How big is my target market and where do they live or work?
fashion/premium strategy
https://www.entrepreneur.com/article/250745
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Social Media Marketing
541810 – Advertising agencies
NAICS
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Technology Companies
Digital Communications Companies
Social Media Marketing Boutique Businesses
Marketing Businesses/Consultants
Business Websites
Cold calling/meeting with competition
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Changes to online platforms/algorithms
Changes to the way people engage and respond to online marketing
Competition and their price points/freelancers undercharging for services
Blogs
Articles
Primary surveys to customer base
How big is my target market and where do they live or work?
My target market is service-based small businesses in Victoria, BC, operating with 10 or fewer employees and no current marketing staff/technology experience. BUSINESSES WITH 5 TO 9 EMPLOYEES in BC, 38,600.
Stats Canada
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Jewellery and accessories
merjui, google, instagram, friends
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
dolls kill
mail room
Instagram,
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
social change
different supplier
time/labour
internet and ask those aroun dme
How big is my target market and where do they live or work?
target market at school, instagram users
ask people
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
LBTG nun-binary store
marketing books
retailers books
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
2 non binary clothes online and other country
and store at Vancourer !
online ,call, go there, Emails
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
more people are be more open to nun binary clothes
talk to trans and nun binary people ‘s
How big is my target market and where do they live or work?
1% uc for BC non know
online surveys
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
ad, online ,talk ,models
What are the main modes of marketing?
ad, online ,talk ,models
How does government regulation affect the industry?
tax on clothes
How sensitive is the industry to seasons and economic cycles?
all cycles the lbtg parde atrack more customers
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Arts, entertainment, and recreation
NAICS page on the Canadian government website
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Blue Crane Agency
KM Entertainment
Ripple Creative Agency
Now Creative Group
Google searches
Library databases
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Generation Y and Z traveling around the world, living in different countries.
Life expectancy getting higher because people are caring more about their body and mental health.
People looking for that flexibility to live and make money anywhere than just at an office.
People will be starting their own business and learning the finance and business structures so they can be making their own money or more money.
Growing middle class.
Social media and internet becoming a staple in promotion, but what’s still more important is experiential marketing
Google searches
Library – look up entrepreneurship
Databases
How big is my target market and where do they live or work?
142,600 living in Ontario
Online – Google searches
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Experiential marketing, print, website, social media
What are the main modes of marketing?
Experiential marketing, print, website, social media
How does government regulation affect the industry?
There are no main regulations, but more policies and permits
How sensitive is the industry to seasons and economic cycles?
Low sensitivity.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Numbers, royalties
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Retail Trade: 446 – Health and personal care stores, 4541 – Electronic shopping and mail-order houses, 4543 – Direct selling establishments
http://www23.statcan.gc.ca
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Lush – Huge natural bath and body company.
Eva Bath Bombs – Similar idea (dessert theme bath bombs) based in Ottawa
Naturally Vain – Natural bath and body products. Handcrafted in Canada. Very similar to Lush.
Lush has many locations, I use to work for lush actually making the products. I saw how they operate and learn lots.
Eva Bath Bombs, a local business, products sold at farmers markets and craft shows.
Naturally Vain a e-commerce option, as well as local markets.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Natural cosmetic movement. More people are turning to Natural and Organic skin/body care.
Increase in “Self-care ritual” movement.
Monthly subscription “Bath dessert box”
Social media is huge to find out all the new beauty trends.
Reading articles that are informative for my industry. (beauty, health/wellness, natural cosmetics, etc.)
How big is my target market and where do they live or work?
Women, ages 18-35, students, young professionals.
Events such as: Weddings, bachelorettes, bridal showers, baby showers, birthdays, graduations.
‘event trade shows’
universities/colleges
networking at events such as yoga, self-care, ladies who lunch.
Instagram is huge for me as my products are aesthetically pleasing.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Advertising, digital marketing, direct marketing, personal selling, public relations and sales promotion.
What are the main modes of marketing?
Advertising, digital marketing, direct marketing, personal selling, public relations and sales promotion.
How does government regulation affect the industry?
Health Canada requires that anyone who sells a cosmetic product in Canada must file a CNF (Cosmetic Notification Form)
https://www.canada.ca/en/health-canada/services/consumer-product-safety/reports-publications/industry-professionals/enforcement-summary-report/consumer-product-enforcement-cosmetic-fragrances-2018.html
Accurate Safety and Ingredients Labeling
How sensitive is the industry to seasons and economic cycles?
More baths are taken in the winter, however the business does not see an extreme drop in sales when its summer. Products can shift with the seasons, making the business sales all year.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Average to make a bath bomb is around $0.30 per bomb. Bath bomb retail prices range from $4-$15 a bomb depends on the ingredients used.
There is a high profit from bath bomb sales.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Retail Trade 44-45
Non-store Retailers 454
Electronic shopping and mail-order houses 4541
Including other sectors:
442298 – All other home furnishings stores (cushion covers, blankets) / 442292 – Print and picture frame stores (for hand-painted art on bark from Mexico) / 448 – Clothing and clothing accessories stores / 44812 – Women’s clothing stores / 448150 – Clothing accessories stores (purses, bags, wallets) / 448199 – All other clothing stores (lingerie) / 4482 – Shoe stores (leather sandals from Mexico)
http://www23.statcan.gc.ca/imdb/p3VD.pl?Function=getVD&TVD=380372&CVD=380373&CPV=44-45&CST=01012017&CLV=1&MLV=5
https://www150.statcan.gc.ca/n1/en/type/analysis?subject_levels=20
https://www.canada.ca/en/services/business/research.html
Retail Trade: https://www.ic.gc.ca/eic/site/retra-comde.nsf/eng/Home
State of retail: Canadian report 2010 https://www.ic.gc.ca/eic/site/retra-comde.nsf/eng/qn00306.html
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
– Similar e-commerce/retail businesses:
LL Supply https://www.llsupply.ca/
Ten Tree https://www.tentree.ca/
Pact https://wearpact.com/?utm_source=pepperjam&utm_medium=affiliate&publisherId=21181&pjclkid=2816068094
Everlane https://www.everlane.com/?utm_source=pepperjam&utm_medium=2-112671&utm_campaign=120661&clickId=2816069119
Eileen Fisher (luxury brand) – full lifecycle approach
https://www.eileenfisher.com/?___store=en&ranMID=42820&ranEAID=TnL5HPStwNw&ranSiteID=TnL5HPStwNw-QVys_9dsAYG1YqVPe4M2xA&___from_store=default
Cuyana – buy fewer, better things
https://www.cuyana.com/?sscid=91k3_2x85c
Amour Vert https://amourvert.com/?source=pepperjam&publisherId=21181&clickId=2816079579
People Tree
https://www.peopletree.co.uk/?utm_source=Affiliate&utm_medium=LinkShare&utm_campaign=TnL5HPStwNw&utm_content=10&utm_term=UKNetwork&siteID=TnL5HPStwNw-mmpzauSW6KuB3DJtfjc4zA
Good Hyouman – Comfort that helps you feel good. The Real Story Starts with You (sharing consumer stories)
https://goodhyouman.com/
Ten Thousand Villages
https://www.tenthousandvillages.com/
Christy Dawn – Sustainable. Ethical. Timeless.
https://christydawn.com/
The Bottomless
https://www.livebottomless.com/collections/handmade-huaraches
Frank & Oak – Made for good living (monthly clothing subscription)
https://www.frankandoak.com/
BRIKA – A well-crafted life (platform for local artisans)
https://www.brika.com/
Coala Tree – Eco minded goods
https://coalatree.com/
Tribe Alive – Empowering women through fashion
https://tribealive.com/
– Bloggers
https://www.be-for-change.com/blog/tag/live+mindful
https://bthechange.com/patagonias-yvon-chouinard-on-mindful-consumption-e262044aaa0d
https://www.goodhousekeeping.com/life/money/g26415683/how-to-sell-clothes-online-sites/
https://thegoodshoppingguide.com/ethical-shopping-blog
WHERE CANADIANS CAN BUY ETHICAL AND SUSTAINABLE FASHION ONLINE
https://www.terumah.ca/where-canadians-can-buy-ethical-sustainable-fashion-online/
Going Zero Waste – a guide to living more sustainably and mindfully while minimizing waste
https://www.goingzerowaste.com/
Socially-responsible consumption in Canada – consumers are willing to pay more for products and services designed and distributed in an environmentally and socially responsible way (25%).
https://www.crop.ca/en/blog/2017/190/
The Good Trade
https://www.thegoodtrade.com/
– Researchers
Mindful (vs hyper) consumption
https://compassioncenter.arizona.edu/sites/compassioncenter.arizona.edu/files/ICCR_Helm_Exploring%20MC.pdf
Ranked products based on social, health and environmental factors
goodguide.com
Canadian business directory, online search for company names and website, social media accounts and sites for bloggers
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Socially, consumers are increasingly aware of the impact their lifestyle and buying choices have on the environment and the people who make these products. They recognize the important role they play in shifting their buying habits and mindset towards more mindful, ethical and sustainable consumption, and are taking these factors into consideration before making their purchase, even willing to pay more for products that meet these criteria: 1 in 3 consumers would pay 15% more for an ethically made product (BDC)
There is growth in socially-responsible consumers, particularly in 2 groups of demographics, passionate about ethical and sustainable products: the 55+ women living in small town and non-metropolitan regions, and the women 45 years and under, urban dwellers with higher-than-average-income, with specific interest in ethical consumption and sustainable innovation.
With massive retailer brands such as Forever 21 filing for bankruptcy, this could mean the end of an era for fast fashion and present an opportunity for growth for businesses looking to offer socially and environmentally-focused purchasing alternatives for the increasing demand of eco-conscious and ethical products for mindful consumers.
E-commerce trends: consumers want to connect with buyers, use e-commerce through various mediums to know the brand’s story and want to buy from companies whose core value embodies ethics.
Technology: Increasing use of internet to make purchases. 47% of consumers conduct an online search before buying and 70% trust consumer opinions posted online.
Economy: Growth in sustainable fashion clothing (increased demand, more competition)
https://www.cbc.ca/news/business/5-canadian-consumer-trends-to-shape-the-future-of-retail-1.2129072
Ethical consumption
https://www150.statcan.gc.ca/n1/pub/11-008-x/2011001/article/11399-eng.htm
Socially-responsible consumption in Canada
https://www.crop.ca/en/blog/2017/190/
https://sondage.crop.ca/survey/start/CAWI/blogue/14-tabl_en.pdf
https://www.crop.ca/en/blog/2018/250/
https://www.bigcommerce.com/blog/ecommerce-trends/
https://www.goodhousekeeping.com/clothing/g27154605/sustainable-fashion-clothing/
How big is my target market and where do they live or work?
Young people under 45, higher-than-average income earners, and urban dwellers are very enthusiastic about consumption, especially ethical and sustainable innovation. They are within the age range of 15-64 years old, which represent 66.5% of the total Canadian population (Statistics Canada – 2016 Census). Within the age ranges of 20-44 years old, they represent 32% of our nation’s total population.
https://www12.statcan.gc.ca/census-recensement/2016/dp-pd/prof/details/page.cfm?Lang=E&Geo1=PR&Code1=01&Geo2=&Code2=&SearchText=Canada&SearchType=Begins&SearchPR=01&B1=All&TABID=1&type=0
https://learn.marsdd.com/article/find-canadian-market-data/
Women in Canada
https://www150.statcan.gc.ca/n1/pub/89-503-x/89-503-x2010001-eng.htm
Families and Households
https://www12.statcan.gc.ca/census-recensement/2011/dp-pd/hlt-fst/fam/index-eng.cfm?Lang=E
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Non-store retailers can attract customers and market their merchandise through methods such as on-line advertising, infomercials, electronic catalogues/e-newsletters, temporary displays of merchandise (for example stalls). Sales may be made on-line, with goods delivered to the consumer, or through outlets such as stalls or temporary displays
https://www150.statcan.gc.ca/n1/pub/11-621-m/11-621-m2016101-eng.htm
Pay-per-click ads (Google, Amazon…), search engine optimization and content marketing (blog posts, infographics, videos), influencer marketing, social media marketing (Facebook, Twitter, Instagram, Pinterest)
https://www.bigcommerce.com/blog/ecommerce-marketing/#ecommerce-marketing-channels-tactics-tools-to-consider
What are the main modes of marketing?
Non-store retailers can attract customers and market their merchandise through methods such as on-line advertising, infomercials, electronic catalogues/e-newsletters, temporary displays of merchandise (for example stalls). Sales may be made on-line, with goods delivered to the consumer, or through outlets such as stalls or temporary displays
https://www150.statcan.gc.ca/n1/pub/11-621-m/11-621-m2016101-eng.htm
Pay-per-click ads (Google, Amazon…), search engine optimization and content marketing (blog posts, infographics, videos), influencer marketing, social media marketing (Facebook, Twitter, Instagram, Pinterest)
https://www.bigcommerce.com/blog/ecommerce-marketing/#ecommerce-marketing-channels-tactics-tools-to-consider
How does government regulation affect the industry?
Canadian Legal Guide : privacy laws/data protection, anti spam (CAN-SPAM Act)
https://www.shopify.ca/guides/canada
Import regulations, labelling laws, customs duties
https://www.international.gc.ca/controls-controles/about-a_propos/impor/importing-importation.aspx?lang=eng
How sensitive is the industry to seasons and economic cycles?
Depending on the product, the retail industry is sensitive to seasons and economic cycles.
https://www.retailcouncil.org/wp-content/uploads/2018/08/Retail_by_the_Numbers_August_2019.pdf
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Profit margin, gross margin…
https://www.retailcouncil.org/wp-content/uploads/2018/08/Retail_by_the_Numbers_August_2019.pdf
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
import/export, textiles, jewelry, cultural products
online research, talking with people in the industry, trend reports, industry reports
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Boutique Parfete (home decor), Galerie 128 (home decor/interior design), Decoratti, Atysso Home and Baby, Linen Boutique, Cotton Boutique, Coin D’Folie, Bayou Home Goods, Champs Elysees, Scafa Interieur, Morphee Bedding Store, Khiani, Nova Home, Lakou Lakay, Maison Handal, Choublac, Sacre Accessories, Boutik Royal, Bhome, Tisaksuk, Tipik Creations, Galerie Marassa, Atelier Canush, Bali Decor,
online research, talking with businesses and customers in Haiti
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
economy, politics, social consumer trends (ex. ethics, fair trade, environmentally conscious), fashion trends, technological innovations
social media, fashion blogs, interior design magazines, business and political magazine/reports
How big is my target market and where do they live or work?
Haitian population 11 million. Largest cities are Port-au-Prince(2.3 million people), Jacmel, Cap-Haitian.
Large Arab population who control industries and have extreme wealth
Although Haiti is considered one of the poorest countries in the Western Hemisphere, there is a small percentage of elite that own the majority percentage of wealth in Haiti. the top 20 percent of households hold 64 percent of the total wealth in the country Majority reside in Port-au-Prince.
There is a growing middle class (civil servants, state sector employees, national NGO workers)
online research, talking with Haitians who currently live there
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
social media platforms (instagram, facebook, websites), use of local newspapers or catalogues that advertise for businesses
What are the main modes of marketing?
social media platforms (instagram, facebook, websites), use of local newspapers or catalogues that advertise for businesses
How does government regulation affect the industry?
import regulations in Haiti can affect the industry and export regulations in India can effect exports. Haiti’s economy needs diversification and support from the government, and in recent years the garment industry has received aid through export and tariff regulations (especially to USA) to ensure this industry succeeds. Haiti’s garment industry has expanded in the past 7 years, many of the factories are owned by foreign companies and employ thousands of individuals but the wages and working conditions are not good.
How sensitive is the industry to seasons and economic cycles?
It depends. There will be customers who are focused on staying in style or ahead of others, so they will be influenced by current, disposable fashion trends (those that last only one season). There will be others who are less influenced by hot trends and buy pieces based on individual preference or classic styles. The trends in India will play a big role, but at the same time, since this is a newer business model in Haiti the demand will continue regardless of trends because it is a new type of product in the market.
The Haitian currency is depreciating and there is a 15% inflation. Haiti is dependent on NGOs and the support of international financial institutions.
Haiti has a free market economy (the market decides the prices of goods and services based on supply and demand, so it reflects individual preferences)
https://www.indexmundi.com/haiti/economy_profile.html
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
The political climate in Haiti can be unstable and volatile which can threaten business – when there is large civil and political unrest, protests can occur and shutdown Port-au-Prince anywhere from a few days to a few weeks. This can cause problems with receiving and sending shipments out of Haiti. It can close businesses.There can also be gas shortages which affect the electricity and ability to use generators. It can remove the appeal for foreign investors.
Other institutional failures and inadequacies can negatively affect the setting up and longevity of a business in Haiti. Haiti lacks proper infrastructure, and there is high corruption. The state does not properly support the economy or the social wellbeing of its citizens.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
NAICS Code 454111 – Electronic Shopping
Definition of NAICS Code 454111: This U.S. industry comprises establishments engaged in retailing all types of merchandise using the Internet.Apr 17, 2016
Online, library, other business, government resources
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
NSLC
Weed delivery services
brick and mortar shops
cbd distributors
snack shops,
medical professionals
clothing distributors
Online, library other businesses, medical and recreational marijuana users.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Shops are Becoming Transparent
legilazation of mijuana throught the world
fast growin cbd market
Online, library other businesses, medical and recreational marijuana users, medical professionals.
How big is my target market and where do they live or work?
according to www.statista.com
27% of Canadians surveyed aged 15-24 have used marijuana in the past 3 months.
29.8% of Canadians surveyed aged 25-34 have used marijuana in the past 3 months.
20.5% of Canadians survey aged 35-44 have used marijuana in the past 3 months.
10.6% or less of Canadians surveyed aged 45+ have used marijuana in the past 3 months.
online, library other businesses, medical and recreational marijuana users, government websites
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Facebook advertising, traditional advertising flyers, brochures, etc.
What are the main modes of marketing?
Facebook advertising, traditional advertising flyers, brochures, etc.
How does government regulation affect the industry?
With changing tobacco laws changing in regards to the advertisement of tobacco or glorification of deigner tobacco products there is potential for the same to happen; restriction of marijuana accessories laws.
How sensitive is the industry to seasons and economic cycles?
Not very.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
According to a post on quora I can expect 5-15% profit margins.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
roofing/contracting
other businesses
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
contractors
construction association of Nova Scotia
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
metal roofing
Scotia metals
How big is my target market and where do they live or work?
very big and everywhere
social media
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
radio , social media , word of mouth
What are the main modes of marketing?
radio , social media , word of mouth
How does government regulation affect the industry?
insurance , safety ,taxes
How sensitive is the industry to seasons and economic cycles?
very seasonal but we work through the winter
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
over 9000 businesses ,
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Vegan Food
Internet
Farmer Markets
Supermarkets
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Another vegan food vendors/companies
Snacks vendors
Companies/Business that works with catering
Internet
Farmer Markets
Supermarkets
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
-Increase of the vegan and health lifestyle.
-Increase of the concern about the environment.
– Highlight of the sustainable actions and business.
Internet
Farmer Markets
Supermarkets
How big is my target market and where do they live or work?
I know that exist a vegan community in Halifax and besides that people with dairy restrictions. I have seen that the concern about the environment is increasing and the people are looking for more sustainable products and services.
Internet
Vegan events
Environment friendly events
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Table top games industry
interent
other table top cafe websites
library
visit their cafes
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Table Top cafe
Hexagon cafe
Board and Brew
Snakes and Lattes
Their websites
Online research
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Board games
Computer games
Console games
small entertainment
indoor sports
Online
Library sources
How big is my target market and where do they live or work?
Many places are north of the city, only one is on the south
near lrt stations
near universities and schools
Google maps
Online research
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
social media (facebook, instagram, snapchat, twitter)
fundrasing
face to face
family and friends refereel
word of mouth
radio
newspaper
billboards
What are the main modes of marketing?
social media (facebook, instagram, snapchat, twitter)
fundrasing
face to face
family and friends refereel
word of mouth
radio
newspaper
billboards
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
Thriving in the Summer
The restaurant industry tends to thrive during the summer or warm months. This is due in part to an increase in tourism in many cities, and warmer temperatures typically encourage locals and visitors to venture outdoors. Because the hotel industry also sees an increase in business during the tourism season, restaurants located in or around busy hotels might notice an increase in business. What’s more, some restaurants hold events during the summer months, such as outdoor music and other fun entertainment, which is likely to draw customers and increase sales.
Decline in the Winter
The winter months can have a negative impact on a restaurant’s ability to thrive. During the cold winter months, customers might feel less compelled to travel to restaurants for a meal — especially if they are dealing with snow, ice or freezing temperatures. Fewer customers trigger half-empty restaurants and a decline in food sales. By contrast, a restaurant that offers quick delivery may experience a constant flow of business because customers are able to order by phone or online and have meals delivered to their homes.
Non-weather Related Seasonal Changes
Not all seasonal changes are weather related. For example, cities or towns that are situated around a college or university are filled with businesses that cater to the student population and their families. Restaurants are likely to see large boosts in their sales around move-in days and year-end graduations. During the school year, sales in low-cost establishments should remain steady, but then drop off when the summer break months hit.
Another type of cyclical change is the fluctuating state of the economy. When the economy is doing well, people feel a bit freer to spend their discretionary income on dining out. On the other hand, when the economy has taken a downturn, restaurants also experience a dip in sales as more people choose to eat at home.
Combating Seasonal Changes
Some restaurant owners anticipate a drop in sales during the winter months and exhaust their marketing efforts during the busy season to compensate. However, owners can take steps to increase restaurant business and sales during the slow season. Marketing campaigns are an effective means of limiting seasonal declines. If a restaurant business tends to decline during the winter or on major holidays, restaurant owners can offer specials during these times, which are likely to draw customers. For example, restaurant owners can offer deals, such as two-for-one meals, 25 percent off the check, free appetizer or a free dessert. While the company might lose money by giving away free items, coupons lure business and ultimately help increase the bottom line.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
hot collectors for board games
different types of food choices
newly and updated games
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
336990 – Other transportation equipment manufacturing
https://www23.statcan.gc.ca/imdb/p3VD.pl?Function=getVD&TVD=1181553&CVD=1182718&CPV=336990&CST=01012017&CLV=5&MLV=5
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Emmo
Radpower Bikes
Daymac
Jeep
https://electrek.co/guides/ebikes/
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Increased Commute Times By Car and TTC
Increased Cost of Living
Increased adoption of bike lanes in toronto
https://www.blogto.com/city/2019/06/toronto-average-commute-time-2019/
https://www.toronto.ca/legdocs/mmis/2019/ph/bgrd/backgroundfile-124480.pdf
https://www.toronto.ca/services-payments/streets-parking-transportation/cycling-in-toronto/cycle-track-projects/cycling-network-10-year-plan/
How big is my target market and where do they live or work?
Target Market:
Able bodied individuals age 16 to 35, who have a commute 25km or less, and who face one or more of the below problems:
1) Can’t afford a car or can’t drive.
2) Deal with traffic in their area.
3) Don’t have a nearby connection to public transit
4) Don’t have a direct route via public transit
5) Frequently Face delays on public transit
6) Face overcrowding on public transit.
https://www.blogto.com/city/2019/12/ttc-not-reduce-overcrowding-bus-streetcars/
https://swanboatsteve.files.wordpress.com/2019/05/quarterlycrowdingreport_2019q1_details.pdf
https://www150.statcan.gc.ca/n1/pub/75-006-x/2019001/article/00002-eng.htm
https://www.ttc.ca/PDF/About_the_TTC/Spring%202019%20Final%20Online%20Survey%20Summary.pdf
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Online, billboard, social media, putting branding on the bikes
What are the main modes of marketing?
Online, billboard, social media, putting branding on the bikes
How does government regulation affect the industry?
Where ebikes can be used and by who is regulated. There are requirements in place for restrictions that manufacturers must place on the speed and weight of ebikes.
32 km/h with 500 watts of power.
Users must be 16 years of age or older, and wear a helmet.
How sensitive is the industry to seasons and economic cycles?
Very sensitive to seasonal weather (ebikes become far less attractive an option during the winter or rain). If viewed in the lens of a luxury product, an economic downturn would hurt sales. If presented as an affordable alternative to car or transit sales could stand to increase – see china’s adoption of ebikes as evidence
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Beauty Industry
Cosmetics
I can find out about it on the internet.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Lilly Lashes
Tati Lashes
Velour Lashes
Sephora
Information can be gathered from the internet, also the website they provide there’s a lot of information on their businesses.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
environmental impact- growing concern over impact of cosmetic product manufacturing & distribution on the environment.
political factors- strict guidelines. In the states a bill called the Personal Care Product Safety Act allows the FDA to have more of a hands on approach to ensuring product safety. companies would need to report ingredient statements, recalls, and register manufacturers. Canada has a harsher ingredient requirements. Out of 1328 cosmetic ingredients they’ve banned over 500.
Economic Factors- A recession – resistant industry. The beauty industry is more resistant to economic recessions. It survived the great recession of 2008. Employment for this industry nearly one million people are employed & numbers are only going up.
pestleanalysis.com
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Digital Disruption- digital technologies paved the way for commerce and social media, enabling new business models and communication channels for brands.
Influencer Marketing- consumers are craving for authenticity and inclusivity beauty brands are collaborating with influencers to better reach & interact with their target audience.
User Generated content- user generated content is about actual consumers providing their authentic views or feelings about a specific brand.
Localization- defined brand values with in depth understanding target customer can help localize campaigns & content, collaborate with local influencers to reach audience.
Experiential marketing – pop ups, immersive events, direct sms text services, installations that are social media worthy. consumers are looking for dynamic and engaging experiences with brands.
What are the main modes of marketing?
Digital Disruption- digital technologies paved the way for commerce and social media, enabling new business models and communication channels for brands.
Influencer Marketing- consumers are craving for authenticity and inclusivity beauty brands are collaborating with influencers to better reach & interact with their target audience.
User Generated content- user generated content is about actual consumers providing their authentic views or feelings about a specific brand.
Localization- defined brand values with in depth understanding target customer can help localize campaigns & content, collaborate with local influencers to reach audience.
Experiential marketing – pop ups, immersive events, direct sms text services, installations that are social media worthy. consumers are looking for dynamic and engaging experiences with brands.
How does government regulation affect the industry?
All cosmetics sold in Canada must be safe to use and pose any health risk. They must meet requirements of the Food & drugs act and the Cosmetic Regulations. Requires that cosmetics sold in Canada be manufactured, prepared, preserved, packaged and stored under sanitary conditions. the manufacturer and importer must notify Health Canada that is selling the product and provide a list of product ingredients.
How sensitive is the industry to seasons and economic cycles?
A recession – resistant industry. The beauty industry is more resistant to economic recessions. It survived the great recession of 2008. Employment for this industry nearly one million people are employed & numbers are only going up.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Luxury Market: Fine Jewelry Industry
Niche: Rings
Online course ( I am taking currently)
McKinsey
Forbes
Business of Fashion
Vogue Business
Books
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Within the Luxury market:
Cartier
Tiffany & Co
David Yurman
Chopard
Logan Hollowell
The Last Line
Wwake
Monica Viander
Mejuri
Same list as above.
Social media platforms
Mckinsey
Forbes
Business of Fashion
Brand Websites
Online case-studies
Books
Magazine
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Luxury market must go digital to thrive- by 2020
Luxury brands must find a way to reach millennials in the new market segment
Luxury brands must find a way to effectively create status worthy experiences on all platforms, especially in order to increase sales
McKinsey
Forbes
Entrepreneur
Business of Fashion
Bocconi Universita
How big is my target market and where do they live or work?
My biggest target market all millennial women living in the United States or China.
Living/ working in metropolitan areas.
Business of Fashion
Online Case Studies
Forbes
Social media research
The Robin Report
Entrepreneur.com
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Advertising
Digital Marketing
Direct Marketing
PR
What are the main modes of marketing?
Advertising
Digital Marketing
Direct Marketing
PR
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
Now that luxury items are being purchased more regularly and less on occasion, sales are less affected.
However, jewelry industry see an increase during holidays, in September, December and during the summer months.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Quality/ craftsmanship
Branding
Digital presence
Customer excperience
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Clothing/Fashion
Internet
Social Media
Youtube
Malls
Other Online Retailers
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Pretty Little Thing
Fashion Nova
Online
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Weight loss
Surgery
Veganism
Online
How big is my target market and where do they live or work?
Very large target market, Across the world, and various jobs.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
online retailers, store fronts, influencers
What are the main modes of marketing?
online retailers, store fronts, influencers
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
This industry will continuously adjust and adapt with the seasons, but may take a negative impact in regards to any potential economic cycles, such as recession, exchange rates etc.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Event Management
Local magazines, social media
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Daniel et Daniel, Eatertainment, Love by Lynzie, Art of Celebrations, Charcoal Events, Elle Cuisine, 818 Events Experience
Key players also include vendors, caterers, and event spaces
Internet, local magazines and blogs
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
– Young people (18-24) are waiting longer to get married or potentially not getting married
– Young people are faced with large student debt and precarious employment
– Corporate entities are outsourcing particular services such as fundraisers or company events
– There is an influx of local talent in the city looking for performance opportunities
– Couples are opting for destination weddings
– There is high demand for music and other festivals in the city
– Professionalization of parties: greater use of event spaces and caterers for parties, birthdays, and other events
Newspaper, corporate websites, social media
How big is my target market and where do they live or work?
My main market:
-women (age 20-45), from Toronto, working in various industries, stay at home moms included
-secondary: men (aged 20-50), from Toronto, working in all sectors
Statistics Canada, Canadian Industry Statistics, social media (e.g. Facebook), social surveys
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media, event management directories, event planner/management associations, advertisements, radio and public ads (bus stops), online
What are the main modes of marketing?
Social media, event management directories, event planner/management associations, advertisements, radio and public ads (bus stops), online
How does government regulation affect the industry?
The government has provided a number of resources to support the delivery of event management services. The federal government also sets standards for regulations and licences pertaining to the industry (e.g. sound music licences, permits and licences, sales regulations, etc.)
How sensitive is the industry to seasons and economic cycles?
The industry is heavily dependent on the economic viability of individuals and corporations. Consumers must have considerable access to disposable income or surplus funds to allocate towards events. This can be considered to be an additional expense from a company’s operating costs and for individuals, this may be a luxury expense.
Additionally, there may be more engagement with this industry during warmer seasons
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
per capita disposable income – provides a measure of potential attendance and interest in events
TBD
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
social services
library
evenue canada
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
funding by the governement
How big is my target market and where do they live or work?
16-29
vulnerable sector
youth
parents
underserved neighbourhoods
shelters
afterschool programs
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
ig
instagrahm
twitter
facebook
yotube
What are the main modes of marketing?
ig
instagrahm
twitter
facebook
yotube
How does government regulation affect the industry?
funding for non-profit organizations
How sensitive is the industry to seasons and economic cycles?
always needed
all year round
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
$60+/hr
i coud work part time plus have this on the side
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
(11) Agriculture
(111) Crop Production
North American Industry Classification System (NAICS)
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
BC Hot House
the internet
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Fresh water shortage
Food shortage
Climate Change
Economic downturn
also…the internet
How big is my target market and where do they live or work?
Families in Sooke
Stats canada
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
not as badly as my other business…lol (Cannabis Industry)
little affect.
How sensitive is the industry to seasons and economic cycles?
a little
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
aaaaaaahhhhhh
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Organ Food Industry
Local Food Production Industry
Social Welfare Industry
etc.
On the internet.
In person at local farms or at a cafe with people from the farm.
Local seminars on urban agriculture.
Municipality seminars and meetings.
At the Dock with other entrepreneurs and social-preneurs.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Farmers
Relevant NGOs
Companies with Pallets
Hardware stores
Soil companies
Local residents
Same as the above.
Just generally meeting with people of all sorts.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Climate change: threat on food security and community capabilities.
Amenable local government politicians and policies.
Decreasing local affordability.
Increasing demand for new solutions to climate change and economic instability.
Same as above.
How big is my target market and where do they live or work?
Theoretically, my target market is all of Victoria, or at least the residents near our urban farms.
In the communities themselves.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Through community organizations and members themselves. Online with a website and social media. Posters around town. But primarily the internet, word of mouth, and through partnered organizations.
What are the main modes of marketing?
Through community organizations and members themselves. Online with a website and social media. Posters around town. But primarily the internet, word of mouth, and through partnered organizations.
How does government regulation affect the industry?
Government regulation is only amenable in the city of Victoria, though bylaw changes to neighbouring municipalities would condone more industry growth.
How sensitive is the industry to seasons and economic cycles?
Seasons play a critical role considering we are growing crops in the outdoors. However, our crop selection will reflect the seasons so this isn’t an issue. Economic downturn could be harmful as people may have less time if they must work more to make ends meet. However, it could also have an opposite effect. As people have less money, they may become more reliant on locally produced agriculture that’s affordable. In fact, economic downturn, depending on its particularities and our reaction to it, could force even more industry growth.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Soil quality, labour-time input, foreign market prices, plant productivity, etc.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Arts/Entertainment Industry
– Social Media/Blogs
– Documentaries
– Scholarly articles
– Trends/Analytics
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
– Music and Arts Festivals (RBC Bluesfest)
– RedBull Canada – Arts & Culture Division
– Arts & Culture Blogs/Magazine (Apt 613)
– Ottawa Arts Council
– Canada Arts Council
– Online Resources: Social Media, Websites, Blogs
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
– Social Media Algorithms
– Funding Programs including Municipal/Federal
– Development of new social media platforms
– Technological Evolution
– Funding
– Researching Social Media Trends
– Analytic Tools
– Official websites/blogs/news articles
How big is my target market and where do they live or work?
– With my work being distributed on social media platforms such as YouTube, my target demographic is worldwide.
– Regarding my current released work, my current analytic data reveals that my current target market lies within the Dominican Republic, Canada, US, France and Australia.
– Trends/Analytics
– Studies
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
– Social Media/Google Ads
– Social Media Engagement/Outreach
– Blogs/Magazine Platforms
– Live engagement: Events, performances, etc.
– Press Releases
What are the main modes of marketing?
– Social Media/Google Ads
– Social Media Engagement/Outreach
– Blogs/Magazine Platforms
– Live engagement: Events, performances, etc.
– Press Releases
How does government regulation affect the industry?
– Copyright laws and implementation have affected the production/distribution of products across the industry.
– Cuts to arts and culture programs on all three levels: federal, provincial, and municipal can severely harm and reduce entertainment/art consumption and demand.
How sensitive is the industry to seasons and economic cycles?
I wouldn’t say the entertainment industry is necessarily sensitive to season and economic cycles. It adapts and transitions with the time since entertainment is a mode that is heavily sought out, regardless of financial barriers or seasonal changes.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Arts, Entertainment & Recreation – 711511 Independent visual artists and artisans
Online, the GVPL, farmer’s markets, craft fairs, artisanal shops
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Other artisans and artists, shop owners, farmer’s market management groups, online vendors
Visiting markets/shops, online research, reaching out to other artisans via their websites or in person, etsy
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Social: a greater demand for local artisan goods. A greater demand for environmentally and socially friendly materials. Differences are often celebrated and so unique custom items are coveted.
Economic: Victoria is growing as a metropolis. More people want and can afford unique items in their homes.
Environmental: efforts to reduce waste mean local and less packaging is more attractive.
Online research(quantitative and qualitative)
speaking with people around me
conducting polls/questionnaires
How big is my target market and where do they live or work?
Fairly big – a lot of people around me enjoy purchasing artisanal textiles for themselves and others. My ideas for designs would appeal to readers, foodies, pet owners, etc. Typically women, and probably between the ages of 15-100. This is broad.
Farmer’s markets, shops, online stores, etsy, people on the street. I could people watch and keep score of how many people and of what demographics I see sporting similar type textile goods.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Home improvement- Brazeau Service
https://facebook.com/brazeauservice
https://instagram.com/brazeauservice
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Theres plenty of contractors & home improvement business.
My local hardware store, newspaper, business expo, google and other contractor app
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Technology Advancements and Integration.
Green Technology in Construction.
Increase in Modular and prefabricated Construction Projects.
Increasing Material Cost.
Decreased Labor Force.
Better Safety Equipment.
Sustainability.
https://interestingengineering.com/7-construction-industry-trends-to-watch-in-2020
How big is my target market and where do they live or work?
My target market is in ON and QC. 13.6 millions peoples in ON & 8.45 millions of peoples.
All can find the answer on google search
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Facebook, business card & instagram
What are the main modes of marketing?
Facebook, business card & instagram
How does government regulation affect the industry?
There are no certified training programs in the renovation industry. That’s where the aggravation is. Costs to homebuilders are so steep that they are limiting the supply of entry-level homes, making it more difficult for first-time buyers to enter the housing market. The overtime wage rule.
How sensitive is the industry to seasons and economic cycles?
Its sometimes slower during the winter time also during Christmas time.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
26 to 34 percent for specialty work; and 21 to 25 percent for new home construction, according to the Markup and Profit Blog, an online construction business resource.
Those selling new homes are paid anywhere from 1% to 3 % of the sales price. Those selling remodeling or restoration work earn 6% to 8%. Specialty salespeople earn 6% to as high as 10%. And they all can earn additional bonuses for such things as zero complaints (from clients, subcontractors or suppliers), generating their own leads, gross profits that exceed a company minimum standard, no change orders, exceeding annual sales goals, etc.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Education
Books, online, research articles, schools, universities, experts
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
CNAC, FSA, IFSA, Inside-outside, ERAFANS, Archimedes, Rachel Larimore, Eliza Minnucci, Liza Lowe, Amy Butler, Juliet Robertson, Practitioners
Websites, speaking to individuals or people connected with organizations
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Society: growing awareness & motivation to take action about climate change, demand for “sustainable” and “green” lifestyles, working towards Truth & Reconciliation with Indigenous people, growing interest in Forest and Nature Schools
Technology: increase in online platforms for communication and learning (e-courses, webinars, digital content)
Political: Policies addressing climate change/sustainability, Indigenous rights, education
Environment: climate change, environmental degradation
Economy: increase interest in “social enterprises”, businesses that are socially minded not just profit driven
Books, online, research articles, schools, universities, experts, talking to people
How big is my target market and where do they live or work?
10,000+, all over the world (mainly UK, growing in USA and Canada, and Ireland). Work in schools, childcare centers, recreation sectors, environmental education/conservation centres
Online, social media, networking events, talking to people
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Word of mouth, online, social media
What are the main modes of marketing?
Word of mouth, online, social media
How does government regulation affect the industry?
Education policies (curriculum requirements, school regulations). Child care licensing regulations. Public health (definitions and guidelines on “safety”)
How sensitive is the industry to seasons and economic cycles?
Might be slower in winter. More sensitive to academic calendar. Economy – ?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
54192 – Photographic Services
5221 – Photographer
711511 – Independent Visual Artists and Artisans
– North American Industry Classification System
https://www150.statcan.gc.ca/n1/en/pub/12-501-x/12-501-x2016003-eng.pdf?st=ImWv4nBa
– IBIS World
https://www.ibisworld.com/canada/market-research-reports/photography-industry/
– Other Articles
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Any photographers on Vancouver Island, Particularly the lower island. More specifically sports photographers as that is currently my main service.
– Gordon Lee
– Christian J. Stewart
Internet, Look through their websites
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Economy trends will influence my industry. When people are confident in their financial status, current and future, they will be more likely to spend on things such as photography services. When the economy is down, and they lose confidence in their financial status they are going to be spending less on unnecessary things.
Various articles and industry reports on the internet. Statistics as well.
How big is my target market and where do they live or work?
My target market is quite large, basically any athlete/athlete’s family, in Victoria.
Sites providing info on local sports events. Such Lower Island School Sports, or provincial sport bodies like Softball BC, BC Rugby, etc.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social Media, sharing photos through all platforms and getting others to share their experiences using your services.
What are the main modes of marketing?
Social Media, sharing photos through all platforms and getting others to share their experiences using your services.
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
– Holiday Seasons can benefit my sales as people are buying gifts and sharing memories
– End of a sports season, i.e., Basketball season is now finished, players want to post photos about their season, especially graduating seniors
–
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
– Hourly pay in Canada ranges from $11.50 – $30.22
– 9197 business in 2019
– Average revenue $128.5 thousand, 2016
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Publishing
Online, magazines, Writers Digest, authors, YouTube
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
FriesenPress, Heritage House Publishing, First Choice Books
Their website, the books they have published
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
The Economy, Society, Technology, Environment and Politics.
Creativity can also be one
Through talking to people and these companies and maybe others but I don’t know.
How big is my target market and where do they live or work?
It’s a very broad market, but I can narrow it down in the immediate by looking for people that are interested in publishing a first book, magazine, or something.
Not sure
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Bookstores, Amazon, Blogs(?), Book Clubs
What are the main modes of marketing?
Bookstores, Amazon, Blogs(?), Book Clubs
How does government regulation affect the industry?
It seems that the isn’t a lot of government regulation and Publishing companies would like a little more
How sensitive is the industry to seasons and economic cycles?
I don’t believe it affects it. Would be good to look into.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
The WIPO (World Intellectual Property Organization) and IPA (International Publishers Association) are the ones that do global research on this.
It would be good to look at what companies do in order to measure their own growth, just to narrow down the measures compared to the broad range that WIPO and IPA provide.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
family planning centre
hospital
clinic
public health
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
midwife nurse doctor doula childbirth educator mums
hospital
clinic
public health
perinatal center
birth center
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
??
How big is my target market and where do they live or work?
1.782.188 de francais expatries
14% amerique du nord
8% asie oceanie
4,35 %UE
4% afrique du nord
43,7 % de l’échantillon sont âgés de 26 à 40 ans en 2013
https://lepetitjournal.com/expat-pratique/installation/les-francais-de-letranger-en-chiffres-156596
https://www.acs-ami.com/fr/blog/conseils-expatriation/expatriation-francais-en-2013/
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
11-Agriculture, forestry, fishing and hunting
111-Crop Production
31-33 – Manufacturing
311410 – Frozen food manufacturing
312110 – Soft drink and ice manufacturing
44-45 – Retail trade
51- Information and cultural industries
NAICS
Canada business networks
Category managers (Sobeys)
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Daya
Silk
Breyers
Vegan Vloggers
Magnum
So Delicious
Ben and Jerry
Nestle
Local vegan shops
Websites
Investor websites
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
-Nutrition guide canada recommends substitute animal for plant based products, herloom and native recipes
-By 2030, global food demand is expected to rise by 35%
-Increase of dairy related allergies
Google trends
You Tube
Instagram
How big is my target market and where do they live or work?
Vegan Population / Non dairy consumers in HRM
Statistics Canada
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social Media
Television
What are the main modes of marketing?
Social Media
Television
How does government regulation affect the industry?
Labelling
Sugar Content
Advertising
How sensitive is the industry to seasons and economic cycles?
TBD May decline in winter
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
-average profit margins
-sales commissions
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Automotive Industry
Everywhere.
Mechanic shops
Car dealers
People are driving everyday
Gas stations
Your home
The internet
Online forums
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Gas Stations with self service car washing station
Auto detailing services
Rim shops
Auto tint (tint kings)
Dealerships
The average car guy
Going into the shops themselves & observance of what they do & how customers react
Or by checking out their online web address to see how they market their services and products
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Corona virus is the main one right now?!
News, internet, social media
In stores & places where people gather
How big is my target market and where do they live or work?
My target market is males & females between the ages 22-40 who have families & middle to high class with no time to clean & Maintain their vehicle’s exterior paint, rims & trim quality as well as aware of sanitary benefits to cleaning their interior
Social media & everyday consumers who drive cars
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media
Instagram
Facebook
Website
Phone contact
Business cards
Popup ads
What are the main modes of marketing?
Social media
Instagram
Facebook
Website
Phone contact
Business cards
Popup ads
How does government regulation affect the industry?
Right now hourly schedule & business halt because of the corona virus outbreak😷
How sensitive is the industry to seasons and economic cycles?
March & April booming sales for salt removal from winter season, regular business throughout summer & fall season then less sales of my services from November – February
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
1 detail=$120 a day
x5 days a week for 1 year
120×5=$600=1 week
$600×72=$43200
Very simple get at least 2 appointment a business & will be in the 100thousands
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
E-commerce
Online sites, Books and Podcasts
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
True Fit, Kiwi Sizing and Fit Finder
Online articles, competitors website and youtube videos
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
(I chose E-commerce as there aren’t exactly any industries that cover my product) E-commerce is becoming very relevant as brick and mortar focused stores shut down ( ex- Sears, Forever 21, American Apparel). The convenience of online shopping and quick shipping times has caused a steady increase in the number of online clothes shoppers.
Online articles
How big is my target market and where do they live or work?
There are at least 300,000 Shopify clothing brands worldwide. These brands can vary from fashion designers to streetwear brands. These brands are all over the world.
I use Wappalyzer ( a chrome extension) to detect if a brand uses Shopify infrastructure or not. If the brand looks okay, I reach out to see if they would be interested to partner with ChangeRoom.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
-Social media marketing ( Facebook and Instagram Ads)
-Search Engine Optimization ( Increasing visibility online to boost traffic on site)
-Influencer Marketing
– Email Marketing
What are the main modes of marketing?
-Social media marketing ( Facebook and Instagram Ads)
-Search Engine Optimization ( Increasing visibility online to boost traffic on site)
-Influencer Marketing
– Email Marketing
How does government regulation affect the industry?
E-commerce tech or even Ecommerce is a relatively new industry. There aren’t very many regulations surrounding creating e-commerce tech for online businesses. This is asides from the basics of registering as a business, paying taxes, employment regulations, etc
How sensitive is the industry to seasons and economic cycles?
Overall as an industry, eCommerce is not very sensitive to these cycles. However, if there is a recession ( customer spending decrease), eCommerce will suffer like most other industries. During peak seasons like Christmas, e-commerce increases significantly.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Key Measures:
– Registered users using our app
– number of businesses who registered our app
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Drywall and Insulation Contractors
Wall cavity and attic space insulation installation
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Island Spray foam – Nanaimo
internet
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Climate change
Fast fashion waste
modular construction
tiny homes
green building materia
internet
How big is my target market and where do they live or work?
Victoria and neighboring municipalities and cities, population : 92 141
internet
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
growing consumer awareness for energy conservation is also positively impacting the market growth. The rapid urbanization and increasing population have enhanced the demand for power and energy owing to which, insulation materials are being extensively incorporated in various construction projects.Additionally, there is a significant increase in the sales of cooling appliances such as air conditioners and refrigerators, which is further boosting the growth of the market. Insulation materials are increasingly being used in automobiles to minimize noise, vibrations and enhance sound absorptions. They also assist in the manufacturing of numerous parts including wiper cowls, roll pans and bumpers.
https://www.businesswire.com/news/home/20191122005199/en/Global-Insulation-Market-Outlook-2019-2024-Projecting-CAGR
What are the main modes of marketing?
growing consumer awareness for energy conservation is also positively impacting the market growth. The rapid urbanization and increasing population have enhanced the demand for power and energy owing to which, insulation materials are being extensively incorporated in various construction projects.Additionally, there is a significant increase in the sales of cooling appliances such as air conditioners and refrigerators, which is further boosting the growth of the market. Insulation materials are increasingly being used in automobiles to minimize noise, vibrations and enhance sound absorptions. They also assist in the manufacturing of numerous parts including wiper cowls, roll pans and bumpers.
https://www.businesswire.com/news/home/20191122005199/en/Global-Insulation-Market-Outlook-2019-2024-Projecting-CAGR
How does government regulation affect the industry?
Canada’s national energy code
https://www.nrcan.gc.ca/energy-efficiency/energy-efficiency-buildings/energy-efficiency-new-buildings/canadas-national-energy-code/20675
How sensitive is the industry to seasons and economic cycles?
Seasons doesn’t really affect it, higher sales in summer when construction is more frequent, however as the economy slows down so does construction and development
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
service sector
design
market
https://en.wikipedia.org/wiki/Tertiary_sector_of_the_economy
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
anyone with a 3d printer
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
3d printers are getting more affordable
How big is my target market and where do they live or work?
Canada: $1.2 trillion
https://www.investopedia.com/terms/s/service-sector.asp
https://www.marketwatch.com/press-release/2019-global-financial-services-market-research-reports-industry-analysis-2019-07-29?mod=mw_quote_news
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
advertisement
store front sale
What are the main modes of marketing?
advertisement
store front sale
How does government regulation affect the industry?
doesn’t
How sensitive is the industry to seasons and economic cycles?
extremely
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
keeping up whit what’s currently in style or popular
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Fashion / Lingerie
Online resources, Fashion History, Development of Lingerie last ~10 years especially.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Box Stores – La Senza, La Vie En Rose, Aerie
Hand Made/Online –
Cats Got The Cream(Instagram) – handmade/custom
Sweethitchhiker.lingerie(Instagram) – brands
Wildfire.undies(Instagram) – handmade
Fringefoxcollection(Instagram) – handmade/custom
Whiskeydogwares(Instagram) – handmade
Online store front, reviews, web pages / interviews, net value (big box stores)
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Economic Fluctuation – Quality over Quantity
Environmental
Societal – Corona Lock Down – whole lot of us stuck inside alone with their lovers *hint hint* – also lowering overall incomes / economy
“Disposable income”
online, social media,
How big is my target market and where do they live or work?
Women World Wide – Main Focus on Locality – Victoria/Vancouver Island, Canada – North America
Students, Service Workers, Mothers/Parents
Work Foxy Box- Working intimate with clientele, offers opportunity to talk one on one – styles, design, comfort, needs, problems with main market, etc
Online Trends
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Online Store Fronts, Markets, Custom Order
What are the main modes of marketing?
Online Store Fronts, Markets, Custom Order
How does government regulation affect the industry?
None to be found ?
How sensitive is the industry to seasons and economic cycles?
Likely Very – though underwear may be essential, lingerie is not. During times of economic struggle, simpler designs that are still sexy, comfortable, and durable, while still being affordable will be essential.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
-Bras were the leading product category within the lingerie market as of 2016, with a 55.5 percent share.
““`-In Germany, up to 25.5 percent of women claimed to be willing to spend between 30 and 54 euros for lingerie.
-https://www.statista.com/statistics/720288/lingerie-retail-market-value/
The UK is catching up though as it has increased the number of thongs in stock by 13% since 2018. Higher waist panties continue to be the preferred underwear cut. The number of these styles retailing has grown by 29% over the past two years, while hipster styles have dropped by 68%
-https://edited.com/resources/lingerie-market-2/
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Alternative/holistic medicine.
Nail.
Google
Reiki Master
Kijiji
Facebook
Instagram
Library
Pinterest
Ebook
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Other reiki practitioners or holistic practitioners.
Massage therapists, nurses, other nail technicians, nail salons.
Online, library
Other practitioners, etc.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Hot stone, peblums, crystals, bowls, Himalayan rocks, body wrap, massage therapy. For nails: many new trends such as design, color, or shape.
Online, in stores such as Asendents or indigo.
Nail stores.
Alberta beauty supply.
How big is my target market and where do they live or work?
It is quite big, for anyone with a desire to have Reiki, relaxation message or nails done. They can live or work anywhere but preferably in Edmonton.
Same as above.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Word of mouth, social media, email, panflets.
What are the main modes of marketing?
Word of mouth, social media, email, panflets.
How does government regulation affect the industry?
Would need a licence to have business.
How sensitive is the industry to seasons and economic cycles?
Somewhat sensitive to economic cycles but not sensitive to seasons as it is done indoors.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
$60/hr for Reiki/relaxation massage.
For nails cost would vary depending on style & extras. But a regular pair would be $40.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
hi
hello
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
hey
aloha
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
gutentag
hola
How big is my target market and where do they live or work?
bonjour
salut
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Maintenance
Advertisements, the internet, and word of mouth.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Customers, competitors, and the government.
Data based on the potential and/or current customers from surveys and questionnaires. Competitor’s website, statistics, and customers.
The government of Canada’s statistics on the same industry.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Covid-19, quarantine due to outbreak, loss of jobs, and the economy.
The trends half of the trends are both positive and negative. The outbreak has essential businesses requiring higher demand for cleanliness which translates to more business. There could be essential workers that demand service to disinfect their home for the safety of others residing with them. The economy and loss of jobs are not good as this translates to less demand for business.
How big is my target market and where do they live or work?
The target market is international, but as of now, it is more local-focused for workplaces and communities of Ottawa.
Their needs and feedback from the service provided. Then the information will be used to improve on the weak spots and strengths.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Maintaining a good service for the current customer as years of good work will go unnoticed, while one lousy job will result in the loss of customers, so in other words credibility. Advertisement since it builds the company’s name, and reputation of what the brand stands for.
What are the main modes of marketing?
Maintaining a good service for the current customer as years of good work will go unnoticed, while one lousy job will result in the loss of customers, so in other words credibility. Advertisement since it builds the company’s name, and reputation of what the brand stands for.
How does government regulation affect the industry?
Permits and licences; required to have federal, and provincial permits and licences.
Workplace Hazardous Materials Information System; workers must know this for everyone’s safety.
Household chemical safety; this is required for worker at residential places.
The government enforces the use of green and the least harmful products, but these are not negative effects as these rules must be placed for the safety of the customers, and workers.
How sensitive is the industry to seasons and economic cycles?
For residential demands, the summer has boom since most people would love free time to enjoy their summer days that cleaning occupies. The winter has less of a demand since people spent most of their time inside during winter. For commercial it has the opposite effect as winter cause a messier workplace due to salt and snow.
During an economical decline, business goes down and goes up when the economy is strong for both sectors.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Find a reasonable profit margin that works for the customer, and helps the brand grow. Edge out the competition is a must in order to be successful for fore-filling the brand’s vision, and this is a tough since it may some heartless, but the others would do the same if there were your position.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Agricultural
Ontario Bee Keeping Association
r/beekeeping (beekeepers reddit)
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
There is no one in my area that does beekeeping, (in immediate area)
google search
r/beekeeping
talking to family who has kept bees.
Contacts through Ontario Bee Keeping Association
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
people are leaning towards organic
my honey is organic raw and unpasturised. Nothing is removed from it that the bees put in it and it is 100% healthy.
Ontario Bee Keeping Assosiation
How big is my target market and where do they live or work?
To begin with just locally, enough people to sell all of my first honey harvest to.
Facebook buy and Sell.
Coe Hill Facebook Group
Apsley facebook group
Bancroft Facebook group.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Facebook Market. Its hard to tell how much bees impact the economy each year because they pollinate many plants in our agriculture and promote them to grow as well.
What are the main modes of marketing?
Facebook Market. Its hard to tell how much bees impact the economy each year because they pollinate many plants in our agriculture and promote them to grow as well.
How does government regulation affect the industry?
it is law to be a member of the Ontario Bee Keeping Association even if someone only has 1 colony.
How sensitive is the industry to seasons and economic cycles?
Not very, I only harvest honey once a year.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
812190 – Other Personal Services (Non-medical Weight Reduction Centers)
713940 – Fitness & Recreation Centers
Online
Mentor session next week
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
BARIATRIC MEDICAL INSTITUTE
FOOD WISE WEIGHT LOSS
DR. BISHOP WEIGHT MANAGEMENT
(only one close to me location) Weight Watchers (Closed for Covid)
RekindleOttawa Subscription Box
https://www.bmimedical.ca/adult-obesity-program
foodwisewl.ca
drbishop.ca
https://www.weightwatchers.com/ca/en/
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
S- There is a stronger belief and general understanding the healthy living doesn’t revolve around being skinny but instead getting all the nutrients and the proper amount of exercise you need. People want to be healthy!
E- People want to be more conscious about their food choices and one of the ways that enters in to a healthier diet is consuming less animal products that can contribute to climate change
E-
P- Due to Covid there are strict regulations on wearing masks, cleaning standards, physical distancing etc. new government strategy of advocating a “healthy choice”, the demand for health and wellness products is resulting in faster growth.
https://www5.agr.gc.ca/eng/customized-report-service-health-and-wellness-trends-in-canada/?id=1554401656839
https://www.ibisworld.com/united-states/market-research-reports/personal-trainers-industry/
How big is my target market and where do they live or work?
Stats Canada has listed the overweight populations in 2016/2017 as 34% of people being overweight and 27 % of people being obese.
About 3.0 million Canadians (8.1%) were living with diagnosed diabetes in 2013–2014
Between 2003–2004 and 2013–2014, there was a relative increase of 37.3%Footnotei in the age-standardized prevalence of diagnosed diabetes, from 5.6% to 7.8%
https://www150.statcan.gc.ca/n1/pub/11-627-m/11-627-m2018033-eng.htm
https://www.canada.ca/en/public-health/services/publications/diseases-conditions/diabetes-canada-highlights-chronic-disease-surveillance-system.html
Fitness Industry Statistics 2024: Growth, Trends & Analysis
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Instagram
Physical Posters at the Gym
Cold Calling/buisness door-to-door
Kijiji
What are the main modes of marketing?
Instagram
Physical Posters at the Gym
Cold Calling/buisness door-to-door
Kijiji
How does government regulation affect the industry?
Most gyms have been closed for the past 4 or 5 months, most people do not want to come back to their gyms because they do not want to get sick. Second wave may hit and the gyms may close again.
How sensitive is the industry to seasons and economic cycles?
There is a boom bust cycle where people tend to sign up for programs like this in January and than fade off throughout the year as there determination fades. Also in September a lot of students will sign up as they have just received their student loan funding or they are trying to set up their schedule for the year and get a routine going.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
“Individuals may also choose to be self-employed as fitness consultants or independent personal trainers. Salaries in the industry vary by position, but entry-level positions will likely range from $27,000 to $35,000 a year. For those who work independently, there is freedom to set an hourly wage, and earnings can be quite high with a large client base.” https://www.ontariocolleges.ca/en/programs/health-food-and-medical/fitness-health
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Retail trade
Online research
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Tobi, M boutique, Guess, Honey, Nasty Gal, Pretty Little Thing, Amazon, I saw it first, Fashion Nova etc
Online
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Covid 19, Ethical and values-based shopping, Sustainability is becoming more important. Augmented reality enhances the reality of online shopping. On-site personalization uses those insights to create individualized experiences. Mobile shopping is still on the move.
Online research
How big is my target market and where do they live or work?
22% of Female Millennials make up for population in USA and in Canada 27.5% they live in Canada and or USA
Personal interviews, Online research
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social Media,
Personalized emails
Sharing values
Diversity in marketing
Comedy
Shopping is entertainment make it fun
What are the main modes of marketing?
Social Media,
Personalized emails
Sharing values
Diversity in marketing
Comedy
Shopping is entertainment make it fun
How does government regulation affect the industry?
International trades
Importing and Exporting clothing
Product safety
Competition Policy
Tariffs
How sensitive is the industry to seasons and economic cycles?
Slim to none
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Sales conversion rates
Number of transactions
Average Order Value
Cost
Cost of Sale Percentage
Cost per a order
Return on Ad spend
Customer Lifetime Value
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Storage/ Technology
Online/ Mentors and other working professionals in the field
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Any storage company
Neighbor.com
Online
interviewing their customers
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Canada Wide
They are in close to downtown cores where storage and space is scarce
Social media
potching clients form other storage facilities
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Online
Social Media
Flyers and banners
Mail marketing
What are the main modes of marketing?
Online
Social Media
Flyers and banners
Mail marketing
How does government regulation affect the industry?
Restriction on what materials can be stored as long as they are not explosive or illegal
How sensitive is the industry to seasons and economic cycles?
can sway based on seasons due to what people tend to want to store in that time frame as well people will most likely liquidate their belongings if they cannot afford to rent the storage space
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
longevity of tenancy
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
marketing, personal development, addiction, wellness, mental health, self improvement
business and marketing techniques, personal development books and articles, sober memoirs and addiction help/resources, sober gurus, copywriting gurus and websites, self-help or addiction copywriters
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
addictionrecoverycopywriter.com (florida)
CAMH
https://www.johnmakohen.com (nyc)
https://www.littlelightcopywriting.com
https://www.livsrecoverykitchen.com/work-with-lrk
https://carminemastropierro.com/ (toronto- free copywriting course)
https://www.strikingcontent.com (toronto)
http://www.khamalacopy.com (toronto)
https://www.rosemaryrichings.com (toronto)
http://www.madronmarketing.com/
their websites, their portfolio, their copy
copywriting classes
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Society: young people thinking about being sober, wellness trend over getting drunk, young people don’t believe alcohol is necessary, going against the normalization of alcohol, questioning its use and threatss to health…..growing use of alcohol and drugs, older generation less likely to change, trends of not needing AA or rehab and using other solutions instead, unconventional (the self – relying on your own mind/wisdom/strength/intelligence)
Tech: online meetings, online recovery solutions, they will reading articles more, using technology (apps, etc) for recovery or self improvement, reading a lot, kindles and ebooks, connecting with others online more , AI,
Environment: people aren’t going out as much so the environment is cleaner, less garbage and pollution, parks are open, winter is coming (less time outside, seasonal depression and coping, possible cancellation of halloween and changes to family time because of covid19 (ppl can’t get together in big groups), people working on personal/solo wellness/on themselves, less people in public spaces , climate change
Economy: people are poorer, recession (need free or cheap services), ppl need work, buying less
Political: pandemic has political leaders choosing to open up places or close them back down (affects people’s mental health, whether u agree or disagree with the choices),
online trends, research, observations and conversations with others, the news,
How big is my target market and where do they live or work?
Toronto and GTA. they work at yoga studios, personal/small businesses in wellness/addiction, they are authors, they are start-up companies in the industry, they work at addiction mental health services, life coaches, nutritionists, cycling businesses
the power of the mind, building habits, creating change yourself.
finding websites online, creating a survey for people i know in businesses needing copy
asking business owners
researching the market needs and consumer habits
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
building a personal website, cold emailing potential clients and showcasing my skills personally and showing them what i can do for them (my USP, their pain points and how i address them better than anyone else) and what i charge.
What are the main modes of marketing?
building a personal website, cold emailing potential clients and showcasing my skills personally and showing them what i can do for them (my USP, their pain points and how i address them better than anyone else) and what i charge.
How does government regulation affect the industry?
I can be held liable for spreading false information. I need to be super careful and fact check.
How sensitive is the industry to seasons and economic cycles?
The industry isn’t too sensitive to seasons and economic cycles… A good economy can be good for sales because there will be more business opportunities and clients will pay more. A bad economy can be good for sales because clients will need to find ways to make more sales during a bad time. People probably read more during the cold seasons. People look more for self improvement in january perhaps, or stoping drinking in summertime when it’s likelier.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
clients can drop me so i have to hold a few at a time.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Business and home 3D printer maker company
KITSUNE 3D PRINTERS
The best resources I can find are Internet.,youtube,websites, social media,blogs,market sites,posts
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
1.Voxeljet
2.Organovo
3.Nano Dimension
4.SLM Solutions Group
5.ExOne
6.3D Systems
7.Stratasys
8.Materialise
9. AON3D
10.agile
11.These are 3d printer companys
internet,youtube ,glassdoor,BVD,LEDC,
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
today’s economy and the Coronavirus,high prices
internet,youtube ,glassdoor,BVD,LEDC,
How big is my target market and where do they live or work?
Canada United States and overseas,all markets.available
internet,sensor data,internet,youtube ,glassdoor,BVD,LEDC,
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
The six major modes of communication in marketing include advertising, digital marketing, direct marketing, personal selling, public relations and sales promotion
What are the main modes of marketing?
The six major modes of communication in marketing include advertising, digital marketing, direct marketing, personal selling, public relations and sales promotion
How does government regulation affect the industry?
private sector is the part of the economy that is run by individuals and companies for profit and is not state controlled. Therefore, it encompasses all for-profit businesses that are not owned or operated by the government.
How sensitive is the industry to seasons and economic cycles?
THEY GO WITH THE FLOW THE SEASONS DONT EFFECT THE economic cycles.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
1.Revenue Growth. Sales growth is one of the most basic barometers of success 2.for any business.
3.Income Sources.
4.Revenue Concentration.
5.Profitability Over Time.
6.Working Capital.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
1. Service sector/consulting
2. Cosmetic Surgery/Medical
1. Government of Canada website (i.e. Statistics Canada)
2. Through social media research of leading clinics/doctors within that industry
3. Nexus Uni
4. IBISWorld
5. Blogs
6. Business Events Canada
7. Reaching out to people in my network with experience in this industry (as both a consumer and a provider of the service)
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
1. Cosmetic surgeons
2. Independent coordinators who get referral fees from doctors
3. Consultants in the States
1. Respective company’s websites
2. Reaching out to people who have previously worked in this industry
3. Thorough search of respective clinic’s social media pages
4. Reading online reviews
5. Researching on Real Self
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
1. Current Covid-19 pandemic has made many people feel unsafe to get surgery right now.
2. Many people laid off from their jobs. Therefore, less people will prioritize spending money on cosmetic surgeries.
3. Covid pandemic has created longer wait times to schedule a consultation/surgery with a doctor
4. Travel restrictions means less people travelling for surgeries
1. Speaking with customers and providers within the industry
2. Speaking with various doctors/clinics
3. Speaking with various country’s embassies to learn about their current travel restrictions.
How big is my target market and where do they live or work?
As of now, my target market is quite large. I would like to focus on local clients (in the GTA) and within Canada when I first start out.
Through my network of former work colleagues and former clients I have met and retained relationships with.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
1. Digital marketing
– Social media
– websites/ad campaigns
– emails
2. Referrals
What are the main modes of marketing?
1. Digital marketing
– Social media
– websites/ad campaigns
– emails
2. Referrals
How does government regulation affect the industry?
With the current Covid-19 pandemic, the government imposed restrictions heavily affect the industry. Many previously scheduled surgeries have been cancelled or rescheduled. Therefore, there are increased wait times to get consultations with doctors.
How sensitive is the industry to seasons and economic cycles?
The industry is somewhat sensitive to seasons but it mostly depends on which country the surgery is taking place. For example, many people prefer not to have their surgeries in the summer. However, if they are travelling, then they may be travelling to a country experiencing the summer season. Also, many surgeons are the busiest during the school breaks (December and March).
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
1. Monthly Sales Growth
2. Average Profit Margin
3. Sales Opportunities
4. Sales Target
5. Monthly Calls (or emails)
6. Average New Deal Size/Length
7. Lead-to-Sale %
8. Client Retention
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Sustainable Fashion
E-commerce Retail
Other sustainable fashion brands such that are transparent on their websites, research on sustainability and the environment.
For e-commerce, Shopify and research on other e-retailers would be a major help.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Mara Hoffman, Pangaia, Noah Clothing, Pantagonia
On their respective websites
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
The trend towards sustainability
The trend towards being carbon neutral
The trend to reuse, reduce, recycle
Research, foundations such as The Slow Factory that specializes in sustainable practices specifically in the Fashion industry.
How big is my target market and where do they live or work?
My target market is across North America. Young men & women above the age of 22 that have enough knowledge on sustainability and its impact in the industry and are happy to spend a little more for quality.
Google search, google trends, social media trends & analytics
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media & celebrity endorsements
What are the main modes of marketing?
Social media & celebrity endorsements
How does government regulation affect the industry?
At the moment, the government of Canada has a minimum wage & strict labor laws in place. This benefits brands that manufacture locally however many local brands actually outsource production, so the governmental laws in place may not even affect them.
How sensitive is the industry to seasons and economic cycles?
Very. Growing organic cotton & linen depends on the season and location. Economic cycles affect the buyers.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Profit margins are a little tighter. The cost of sustainable materials and the cost of ethical labour is far higher than that of conventional textile and forced labor. Partnering with charities and working on becoming carbon neutral also cut into the profit margins.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Food Industry – organic market
Google Scholar articles
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Shifa Restaurant
Sambusa village
Natures buzz
Ottawa halal market
Google Search
My own website
Social media
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
1. Growing popularity of plant based food.
2. On the go healthy snacks
3. Aesthetically pleasing food
Google
Social media
My website
How big is my target market and where do they live or work?
Targeted market is residents of Ottawa as well as tourists visiting Ottawa. The approximate size of targeted market is 1 million
Google search
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
1. Setting Up Google+ Account: Having excellent ratings on Google is a great way to market the restaurant
2. Instagram: Creating an Instagram page, and uploading aesthetic food pictures will attract many young customers
3. Loyalty Programs: Partnering up with online food delivery companies like Uber Eats and Skip The Dishes is an excellent medium of marketing.
What are the main modes of marketing?
1. Setting Up Google+ Account: Having excellent ratings on Google is a great way to market the restaurant
2. Instagram: Creating an Instagram page, and uploading aesthetic food pictures will attract many young customers
3. Loyalty Programs: Partnering up with online food delivery companies like Uber Eats and Skip The Dishes is an excellent medium of marketing.
How does government regulation affect the industry?
Government food and safety regulations can affect the food industry/restaurant business in major ways. There is regular inspection on food and hygiene of the restaurant and failure to maintain certain standards can lead to severe consequences. Moreover, for international food and ingredients there might duty fees. There are regulations on food temperature that can cause extra money on utility bills.
How sensitive is the industry to seasons and economic cycles?
The food industry is very sensitive to seasons and economic cycles. For example, since it’s an organic market, ethnic festival months will trigger more sales. During an economic downturn (recession), when many people may lose their job, people are less likely to spend money on restaurant foods, which can lead to less sales.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Average profit margins of restaurant industry is about 15%. Profit margin is a key measure for any business. Moreover, raw materials price and sales are some of the other key aspects of this industry
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Beauty/Personal Care
Animation/Digital
-Simply Googling it
-Workers in the industry
-Ontario government website (Salon stuff, how to be an apprentice, job search, criteria)
-youtube
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Theres a large companies in my area for beauty like “first choice” and some smaller businesses like “angelic nails”
Hardly any animation/art stuff around. Or maybe im unaware of it
I can google them and see how they operate and prices and try to match or beat it.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Anything to do with beauty :
Theres always a need. I would never go out of business (hopefully) Trends come and go in this field and keeping up to date is very important.
Art:
Theres also a need for it, i dont know how large it is.
Trends with customers is iffy, especially if you’re just a solo artist living off of commissions. Its mainly character design.
-Instagram (you can find alot of trends there)
-Youtube and facebook
-googling it
How big is my target market and where do they live or work?
Bruce power and smaller jobs in and around my area. Usually from port elgin or Southampton. Size = unknown. Theres alot of people, at the shop we typically see 20-30 people a day.
art- All over the county/world. Typically i serve 10 people a week.
-Looking at town sizing and demand for beauty/salon work.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
general contracting, 236110
online, calling companies,
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
the teardrop trailer
tiny house builders
small camper builders
mostly online or phone
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
covid, wood shortages, green building materials, hemp materials production, people moving away from cities, price of gas and towing a vehicle, electrical vehiclec reducing tow range, offgrid living/nomad life, ability to work online and not ned to be held down, low personal interest rates,
online and other resources
How big is my target market and where do they live or work?
large, in town, out of town, rural areas, all over north america,
online
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
online, on road/in use, word of mouth
What are the main modes of marketing?
online, on road/in use, word of mouth
How does government regulation affect the industry?
having somewhere to put them. zoning regulations make it difficult to put them down, but thats changing and people are being mobile with their tiny houses, and i want to make both.
How sensitive is the industry to seasons and economic cycles?
sales go up when the economy crashes as its more affordable and sustainable living.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
NAICS – >711510 -> Independent visual artists & artisans
Arts, Crafts & Culture sector
https://www.craftontario.com/
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
DEAD ON Artist Collective
Open Studios
Martello Alley
4Cats
Black Dog Pottery
The Nooks
Happy thoughts
Downtown Kingston
ArtsFest
Kingston Holiday Market
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Ecological awareness -> recycle, reuse
Arts purchasing is up
queer rights -> more vocal base
economic depression -> less money around
facism -> more dangerous to show pride
shop local -> more emphasis on handmade
the news, stascan,
How big is my target market and where do they live or work?
~10mil 15-34y/os in Canada
10-30% ID as queer in some respect
StatsCan
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
email lists, social media, web ads, expos/fairs
What are the main modes of marketing?
email lists, social media, web ads, expos/fairs
How does government regulation affect the industry?
taxes and import fees,
How sensitive is the industry to seasons and economic cycles?
Very sensitive– seasonal for holiday fairs/gift giving
economic because it is a “luxury” good, disposable income dries up when economic downturns happen
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Average gross income (2001) 60k/year, median revenue 30k/year
net earnings 17,300/year
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Retail Trade/Health&Personal Care/Cosmetic&Beauty Supplies
Through blogs/buisness site/statistical researches
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
eco-friendly/sustainable skincare companies
L’Oreal S.A
Unilever PLC
Procter & Gamble
Beiersdorf AG
Avon Products Inc
The Estee Lauder Companies Inc
Johnson & Johnson
Kao Corporation
The Body Shop International PLC
navigate websites/social media
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
-veganism
– environmental changes that deplete plant and animal sources
– increased allergies
– statistics
– customer research
– environmental research
How big is my target market and where do they live or work?
– medium/large size that is steadily growing
– urban dwellers
– blogs/videos/hashtags/forums
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social Media
What are the main modes of marketing?
Social Media
How does government regulation affect the industry?
– ingredients regulation
How sensitive is the industry to seasons and economic cycles?
– dependent on ingredients used, shortage may rise due to seasonal plants
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Design
Online, youtube, social media, etsy
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
etsy, redbubble, society6, print all over me, spoonflower, other designers, youtubers, tiktok, youtube, tiktokers, instagram, spencers
Online, social media, reddit
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Societal trends, political trends, design trends
Social media, online
How big is my target market and where do they live or work?
Mostly femmes 13-30, mostly in school, work part time or not at all, or starting careers, not a lot of extra money to spend, but want to be trendy, live in big cities or are active on social media
Social media
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media
What are the main modes of marketing?
Social media
How does government regulation affect the industry?
May change online platforms in which to sell
How sensitive is the industry to seasons and economic cycles?
More competition in low economic cycles, but not too dependent on things for seasons or money
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Number of sales, reviews, influencers
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
541430 – Graphic design services
North American Industry Classification System (NAICS) Canada: https://www23.statcan.gc.ca/imdb/p3VD.pl?Function=getVD&TVD=380372
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Salt Design Co
*AJ Dimarucot
* Toluwasr Olaku
Kabam (Dionne Ong)
Jelly Marketing
Free Agency Creative
*Nicole Ventura
*Ean Goquinco
*Charlie Grinnell
*Dennies Layante
*Gabriela Silva
*Adriano Fernandes
*Hannah Needham
*Haydon Jay Gates
*Carrera Caldwell
*Sam Masih
The Cadre Collective
*Omar Amini
*Madeline Adams
*Josh den Engelsen
*Jelvin Base
*Wolfgang Bremer
*Nikko de Guzman
LinkedIn Connections
Current network of friends
Local Board of Trade
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
5 business trends that will greatly impact the design world, Source (https://www.invisionapp.com/inside-design/2020-business-trends-design/)
When Did Design Stop Being “Multidisciplinary?”, Source (https://eyeondesign.aiga.org/when-did-design-stop-being-multidisciplinary/
Collaboration, Cultural Nuance + Localism—A Conversation on Reshaping the Design Monolith, Source (https://eyeondesign.aiga.org/collaboration-cultural-nuance-localism-a-conversation-on-reshaping-the-design-monolith/)
Internet Search
How big is my target market and where do they live or work?
Greater Vancouver Area
Local Library
Local Business/Commerce Association
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Digital Marketing:
• social media
• website (SEO, SERP, Content)
• Ads (Google Ads, Facebook Ads)
Word of mouth and personal recommendations
What are the main modes of marketing?
Digital Marketing:
• social media
• website (SEO, SERP, Content)
• Ads (Google Ads, Facebook Ads)
Word of mouth and personal recommendations
How does government regulation affect the industry?
There is little to no government regulation directly that affects the design industry but independent organizations like the RGD (Registered Graphic Designers, rgd.ca) and GDC (Graphic Designers Canada) uphold their members to follow organization by-laws and regulations.
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
1: 541430|Graphic Design Services
2: 541611|Administrative Management & General Management Consulting Services
1:https://www.ic.gc.ca/app/scr/app/cis/summary-sommaire/54143
2:https://www.ic.gc.ca/app/scr/app/cis/summary-sommaire/54161
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Spotify
Soundcloud
Apple Music
Google Play
Amazon Music
Tidal
Wix
Webflow
Canva (Design)
Adobe CC
Youtube
Weekend (Big musicians)
Smaller Musicians
SGM Group Artists
AWAL
Warner
Sony
Creative Commission
Instagram
Fiverr
Youtubers (i.e. the future, tutorials etc.)
Indieprenure
Other Freelance Designers
SOCAN
Key aspects of understanding the music Industry:
Copyright (mechanical royalties, performance royalties…)
Rights management organizations and their responsibilities (SOCAN, Re: Sound…)
Financing methods, and the institutions that support the music industry (Musicaction, FACTOR, CALQ, The Canada Council for The Arts…)
The various players and their responsibilities (music labels, music publishers, venue bookers…)
Broadcast platforms and how they operate
lol fuck me.
For Graphic Design Agencies in Ottawa:
https://upcity.com/local-marketing-agencies/profiles/character-creative#overview
For Freelance Graphic Designers in Ottawa:
https://www.upwork.com/l/ca/graphic-designers-in-ottawa-on/
https://www.freelanced.com/freelancers/graphic-design/ca/ontario/ottawa
Blog on Business of Music:
http://socanblog.ca/en/the-business-of-music/
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
1a)More power will shift to Indie Labels (society:peopleès attitudes.
b)Virtual Reality becoming one with music.(Technology)
c)Tech Bundling (Technology) i.e. Prime selling the bundle of amazon video, and amazon prime and amazon music.
d) The way we consume music:
-Streaming (Tech)
-Music Suggestion through playlists and algorithms (Tech, Society)
-Finding Music (i.e. Discover weekly or “Alexa.. find etc.”
e) A stronger focus on alternative income (Society/Tech/ Economy)
– can’t make music ONLY from music. Touring, merch sales, licensing etc. for options to sell something according to their brand
2.a) A.i will democratize music creation (Tech & Society) – easier for music creation. Transition from mass consumption to mass creation
b) ai. Will change music distribution (getting music to streaming platforms
c) Automation will reshape music marketing as the music market grows more crowded (Tech) Audience attention will remain a finite resource
d)More income & new, better ads for artists. Making ads deliver the right messages to the right audience at the right time. Helping artists reach their audience more efficiently thus drive more income (for artists)
e) Machine LEarning will change everything. it will make things much simpler like with making better recommendations of music, helping make more music.
f) Smart Speakers: allows people to play music based off of their immediate moods. Without! …. texting interfaces. or toggling through albms or playlists (visuals…. are gone? 🙁 )
g)local market democratization. Audiences will come from all around the globe. Musicians audience will come from everywhere
h) Generative music will rise thanks to contextual playlists. Playlists created by algorithms caterd for people looking for Mood-specific playlists (Endel, creating music for your current mood app) (viral in Japan)
i) Albums will continue to decline. Post-album (remixes, acoustic covers etc.)era will take hold (Society and Tech) songs will take the main stage.
j) Music, Fashion, and Film will merge faster and faster.
i.e.:
-Bio-pics ; “Bohemian Phapsody”
-Fortnite x Marshmello
– Fashion: Rhianne x fenty (XO?!?!?!)
-Cooking shows: “In the mix with Matt fx”
k) Music will face increasing competition from other entertainment formats. There’s little down time left now… Understand what you can do about it, and who’s your competition. -Collaborate more. cross into other platforms.
l) Collaboration and genre fusion”The mem” hypothesis. music like memes trend where music is remixed and re-edited etc.
k)social media empowers artist to create personal brands and connect with fans directly.
l) As artists become more powerful, so will music managers.
3 a) Movement from record labels to more independent formats
b)ARtists are finding alternative ways to make money other than streaming
1. https://blog.sonicbids.com/5-music-industry-trends-to-be-aware-of-in-2020
2.
https://soundcharts.com/blog/music-industry-trends
3.
https://medium.com/@AlexMoskov/4-huge-trends-in-the-music-industry-for-2016-2017-63b6924f4c2e
4.
https://trends.google.com/trends/explore?cat=3&date=all&geo=CA-ON&q=business,music,marketing,visual%20art
Incredible resource^^
How big is my target market and where do they live or work?
Live/work : Globaly but mostly Toronto, Ottawa and the States.
Size: In Canada there are 7,669 where most businesses are small (0-99 size of employees)
Average Revenue: $120.7 K per year
it’s an 93.8% Profitable market
In ontario: 3,098 establishments classified under the Musical Groups and Artists:
bands, musical
choirs
drum and bugle corps (e.g., drill teams)
music productions, live (except musical theatre)
musical artists, independent
musicians, independent
orchestras
soloists, musical, independent
vocalist, independent
https://www.ic.gc.ca/app/scr/app/cis/summary-sommaire/71113
https://www23.statcan.gc.ca/imdb/p3VD.pl?Function=getVD&TVD=118464&CVD=118471&CPV=711130&CST=01012012&CLV=5&MLV=5
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social Media Marketing (Creative Commision, Instagram)
Word of Mouth (very much so!) Rememebr to look at p.274 in PROMO about 5″T’s” of peer-to-peer influence
Influencer Marketing? “Peer to per programs. (check: womma.org for influencer marketing resource)
What are the main modes of marketing?
Social Media Marketing (Creative Commision, Instagram)
Word of Mouth (very much so!) Rememebr to look at p.274 in PROMO about 5″T’s” of peer-to-peer influence
Influencer Marketing? “Peer to per programs. (check: womma.org for influencer marketing resource)
How does government regulation affect the industry?
Supporting Music Through Grants
How sensitive is the industry to seasons and economic cycles?
not sure of where to find this info
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
can’t think of any right now
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
561410 – Document preparation services
https://www23.statcan.gc.ca/imdb/p3VD.pl?CLV=5&CPV=561410&CST=01012017&CVD=380377&Function=getVD&MLV=5&TVD=380372
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Recruiters
HR Professionals
Bloggers/Influencers
Media Publications
University/College Institutions
Educational Institutions
HRPA
Linkedin Influencers
Online Publications (Forbes, etc.)
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
COVID-19
Forced Remote Work
Increased Layoffs/Termination
Unemployment Rising
Students and New Grads
Digital Economy
Linkedin Influencers
Online Publications (Forbes, etc.)
How big is my target market and where do they live or work?
Toronto and surrounding GTA
Early to mid-career professionals (25-35)
Career transitioners
Linkedin Influencers
Online Publications (Forbes, etc.)
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
TBD
What are the main modes of marketing?
TBD
How does government regulation affect the industry?
TBD
How sensitive is the industry to seasons and economic cycles?
TBD
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
TBD
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Retail Trade code 448199
Statscan
Statista
data.gov
retailcouncil.org
open.canada.ca
ic.gc.ca
economicdashboard.alberta.ca
tradingeconomics.com
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
The Bay
Sears
Target
Walmart
torrid
fashion nova
zara
h&m
asos
trendyol
statscan
statista
data.gov
glassdoor
sedar.com
macrotrends.net
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Covid pandemic
switch to digital try on
FashionUpdates.com
trendhunter.com
retail council.com
open.canada.ca
macrotrends.com
How big is my target market and where do they live or work?
in 2018 more than 8 in 10 canadians shopped online. The total spending of those shoppers reached 57.4 billion. 95.2% of ages 35-44, and 95.2% of ages 25-34 online shop.
57% of physical goods purchased online in canada were clothing, jewelry, and accessories.
86% of buyers of physical goods chose goods specifically sold by canadian owned online merchants
Primarily located in Canada and US
stats can
statista
retail council.com
open.canada.ca
macrotrends.com
oberlo
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
online digital advertising, real world advertising, retargeting, social media
What are the main modes of marketing?
online digital advertising, real world advertising, retargeting, social media
How does government regulation affect the industry?
Textile products manufactured, imported, advertised or sold in Canada are subject to the Canada Consumer Product Safety Act (CCPSA), they monitor which fabrics and chemical go into any textile imported into the country and will not allow sale of items not safe for people.
How sensitive is the industry to seasons and economic cycles?
Fairly sensitive. Seasonally apparel changes and must remain on trend. Economically it is mostly stable, with private label flourishing in downturns because its cheaper. but private label and branded apparel compete all season.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Rates of returns
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Service delivery middleman
Online
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Task Rabbit
Online on their website
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Social, Political, Technological, Economical
Google – Various news and articles
Blog posts
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Commissions
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
conevention/trade show organizers
Naics
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
body positivity
entrepeneurship
online
How big is my target market and where do they live or work?
it is pretty big, they live/work in the GTA
online
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
facebook/instagram, emails
What are the main modes of marketing?
facebook/instagram, emails
How does government regulation affect the industry?
at the moment covid is a big problem
How sensitive is the industry to seasons and economic cycles?
it can overcome, not sensitive
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
vendors, participation
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Custom Apparel
Google, through friends, networking, social media
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
MKZart (Locally)
Many Etsy sellers including Our Weekends, Out of Habit shop, Not Me Look and many more.
Through their websites, social medias, reviews and photos.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Economy, COVID, value of art, public opinion and fashion trends, weather
Google, social media, twitter specifically
How big is my target market and where do they live or work?
I would assume that with 700,000 women in my area, my market size could potentially be 300,000 or higher. They live and work in the Edmonton Area, are in creative fields or enjoy to express themselves through art.
Research through google, local Facebook groups, community events
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Instagram, Facebook- both paid ads and groups, Tik Tok, Pinterest
What are the main modes of marketing?
Instagram, Facebook- both paid ads and groups, Tik Tok, Pinterest
How does government regulation affect the industry?
Copyright regulations would limit designs subject to copyright laws. When classes are implemented, I would likely need to obtain professional recognition as an artist before teaching classes and opening up a storefront.
How sensitive is the industry to seasons and economic cycles?
Likely fairly sensitive, although it’s easily encouraged by holidays and birthdays
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Sales commissions, social media impressions, Ad CTRs
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
“31599 Clothing accessories and other clothing manufacturing
711510 – Independent Artists, Writers and Performers. This Canadian industry comprises independent individuals (free-lance) primarily engaged in performing in artistic productions, creating artistic and cultural works or productions, or providing technical expertise necessary for these productions.
711510 Costume designers, independent theatrical”
I am a little uncertain as I do not suit under standard fashion manufacturing. And while I am prioritizing a garment as my main product I do not want to lock myself into that if this program proves a non-sized product like an accessory or some such to be more fruitful.
NAICS website.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Other creators and sellers.
Costumers.
Historical dressers. History-bounders.
Mass produced garments. Cheaper sources.
Fast fashion in general.
Forums and Social Media
Online academic research.
Library.
At events related to those interests (such as fairs when they begin to be run again)
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
LGBTQA Rights
Ethical fashion activism
Political import problems and fees
Pandemic in-person limitations
Historical fashion discoveries
Fashion trends
Talking to community members
Forums and social media
Books/Library
Museums
Events related to the trends
How big is my target market and where do they live or work?
My target market lives in cities and high populous suburbs. Places that have developed enough to be able to express oneself through dress without severe legal or social repercussions.
They work or go to school in these areas, likely in creative industries.
Interviewing people in those work industries.
Forums and social media
Academic research
Events
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media and word of mouth. The industry I am looking at is not a large scale business with a lot of recorded history. Seeing how large businesses are starting to adapt some of the values shows the global interest in the market shifting into that region. Fashion ethics and identity/expression freedom is becoming a hot topic and gaining ground as the year progresses.
What are the main modes of marketing?
Social media and word of mouth. The industry I am looking at is not a large scale business with a lot of recorded history. Seeing how large businesses are starting to adapt some of the values shows the global interest in the market shifting into that region. Fashion ethics and identity/expression freedom is becoming a hot topic and gaining ground as the year progresses.
How does government regulation affect the industry?
Import: It impacts the larger scale industry more so than the small scale. Due to the thrift aspect of my business, I am less reliant on imports than a manufacturing based producer.
Clothing is highly regulated for what is required to be on labels and how it is required to be written. How and where it can be sold is regulated, so I will be keeping my sales to within Canada to start.
How sensitive is the industry to seasons and economic cycles?
The fast fashion industry is entirely run by seasonal change, but slow fashion is only sensitive in what types of clothing you need for the weather. Ethical fashion is technically easier when people have more money, but its more important when people have less money. But its a cycle of short term and long term saving. It requires the ability and information to plan ahead.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
The expectations of consumers can be blurred when you have fast-fashion consumers trying to buy slow-fashion products and expecting fast fashion prices or perks. This can either just be the wrong customer for the product, or it can be a misinformed convert to the industry.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Unsure Need Help
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Teva Pharmaceutical Industries Ltd, Integra LifeSciences Corporation, Medtronic PLC, Sun Pharmaceutical Industries Ltd, Lupin, Zydus Cadila, Pfizer, Inc., Mylan NV, Novartis AG, Sanofi SA.
https://www.marketresearchfuture.com/reports/concussions-market-5724
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Corona
Popularity of sports and youth physical activity
Motor vehicle accidents
Aging Population
https://www.marketresearchfuture.com/reports/concussions-market-5724
How big is my target market and where do they live or work?
“The Global Concussions Market is expected to register a CAGR of 3.22% to reach USD 1,060.36 Million by 2023”-https://www.marketresearchfuture.com/reports/concussions-market-5724
“North America dominated the market and accounted for the largest revenue share of 62.2% in 2019.”-https://www.grandviewresearch.com/industry-analysis/concussion-market I would focus on Canada to start
https://www.marketresearchfuture.com/reports/concussions-market-5724
https://www.grandviewresearch.com/industry-analysis/concussion-market
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Healthcare providers (for recovery products)
Sports Stores (particularly for prevention Products)
What are the main modes of marketing?
Healthcare providers (for recovery products)
Sports Stores (particularly for prevention Products)
How does government regulation affect the industry?
Medical Device regulations
10 A medical device shall be designed and manufactured to be safe, and to this end the manufacturer shall, in particular, take reasonable measures to
(a) identify the risks inherent in the device;
(b) if the risks can be eliminated, eliminate them;
(c) if the risks cannot be eliminated,
(i) reduce the risks to the extent possible,
(ii) provide for protection appropriate to those risks, including the provision of alarms, and
(iii) provide, with the device, information relative to the risks that remain; and
(d) minimize the hazard from potential failures during the projected useful life of the device.
11 (1) A medical device other than a decorative contact lens shall not, when used for the medical conditions, purposes or uses for which it is manufactured, sold or represented, adversely affect the health or safety of a patient, user or other person, except to the extent that a possible adverse effect of the device constitutes an acceptable risk when weighed against the benefits to the patient and the risk is compatible with a high level of protection of health and safety.
(2) A decorative contact lens shall not adversely affect the health or safety of a user, except to the extent that a possible adverse effect of the device constitutes a risk that is compatible with a high level of protection of health and safety.
SOR/2015-193, s. 2
Previous Version
12 (1) A medical device other than a decorative contact lens shall perform as intended by the manufacturer and shall be effective for the medical conditions, purposes and uses for which it is manufactured, sold or represented.
(2) A decorative contact lens shall perform as intended by the manufacturer.
SOR/2015-193, s. 2
Previous Version
13 During the projected useful life of a medical device, its characteristics and performance shall not deteriorate under normal use to such a degree that the health or safety of a patient, user or other person is adversely affected.
14 The characteristics and performance of a medical device shall not be adversely affected by transport or conditions of storage, taking into account the manufacturer’s instructions and information for transport and storage.
15 Reasonable measures shall be taken to ensure that every material used in the manufacture of a medical device shall be compatible with every other material with which it interacts and with material that may come into contact with it in normal use, and shall not pose any undue risk to a patient, user or other person.
16 The design, manufacture and packaging of a medical device shall minimize any risk to a patient, user or other person from reasonably foreseeable hazards, including
(a) flammability or explosion;
(b) presence of a contaminant or chemical or microbial residue;
(c) radiation;
(d) electrical, mechanical or thermal hazards; and
(e) fluid leaking from or entering into the device.
17 A medical device that is to be sold in a sterile condition shall be manufactured and sterilized under appropriately controlled conditions, and the sterilization method used shall be validated.
18 A medical device that is part of a system shall be compatible with every other component or part of the system with which it interacts and shall not adversely affect the performance of that system.
19 A medical device that performs a measuring function shall be designed to perform that function within tolerance limits that are appropriate for the medical conditions, purposes and uses for which the device is manufactured, sold or represented.
20 If a medical device consists of or contains software, the software shall be designed to perform as intended by the manufacturer, and the performance of the software shall be validated.
How sensitive is the industry to seasons and economic cycles?
??
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
It can fit into two to three different industries. Predominantly it belongs in Natural Health Products, but it also can fit into E-Commerce as well as Natural Cosmetics.
IBISWorld, Canada.ca, futuremarketinsights.com, globenewswire.com
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Natura Apotheca, Eczema Honey Co, Kalaya
The first business – Etsy and Instagram. The second business – Instagram and their website. The third business – Instagram and their website.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Rising popularity of CBD pain relief products. (legalization of marijuana)
Aging boomers = more pain = higher need for pain relief products
IBISWorld
How big is my target market and where do they live or work?
The population of Ontario is 14.57 million, and of that population, approx. 27% are in my age category. Of that number, we can assume half are women, so that means my target market is approximately 1.97 million women. If we then take into account that 18% of Canadian women suffer from chronic pain, that brings our target market to approximately 355,000 women. These women live in Ontario and we can assume most of them are retired or getting ready to retire.
Stats Canada has been my best resource for this information.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Online advertising is very popular in this industry. Namely targeted ads via social media and Search Engine Optimization.
What are the main modes of marketing?
Online advertising is very popular in this industry. Namely targeted ads via social media and Search Engine Optimization.
How does government regulation affect the industry?
Product licenses are required for all natural health products in Canada. This can slow down the process of opening a business, but is a necessary regulation to ensure the health and safety of Canadians.
How sensitive is the industry to seasons and economic cycles?
?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
?
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Food and Hospitality
Online search engines
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Burrito Boyz, Fat Bastard Burrito, Big Fat Burrito
Online search engines
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Delivery services, fast food, plant based, on the go, sustainability, bold flavour, competitive prices
Online search engines, food business related media (radio, tv, magazines etc.)
How big is my target market and where do they live or work?
Downtown Toronto/GTA, ages 15 – 64, 4,083,850
Toronto 2016 census
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media, television/streaming services, magazines
What are the main modes of marketing?
Social media, television/streaming services, magazines
How does government regulation affect the industry?
Supply, employment, licensing, economic trends, business standards.
How sensitive is the industry to seasons and economic cycles?
Restaurants are subject to changes related to seasonal holidays, university and post secondary schedules, economic states, although delivery only restaurants have more staying power during global crisis and fluctuating economy/environmental seasons.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
4.3% of pre-tax sales
34% cost of goods
31.5% labour
8.2% rent
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
451119 All other Sporting good store( hiking and camping) and 722512 Limited -service eating places (coffee shop)
North American Industry Classification System https://www23.statcan.gc.ca/imdb/p3VD.pl?Function=getVD&TVD=1181553
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Killarny Outfitters- Retail.
Horizons Adventures- Canoe Trips
Romakko’s- Retail Camp, Fishing, Hunting
Nimkii Aazhubikong (Onaman Collective)- Language and Art camp.
Great Lakes Cultural Camp- Year round Mobile Anishnaabe Outdoor Education Centre.
Loco Beans -Island Coffee
There websites and interviews about their business.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
5 Macro Shifts of Rise of Millennials and Aging Boomers, Urban, Migration, Obesity, Heighten Attention on Health. These areas are going to be the same from The us as Canada is shifting to have more land based activities. The store will be able to help support equipment and knowledge to get outdoors.
https://outdoorindustry.org/wp-content/uploads/2016/08/ConsumerVue-Forecasting_final_2.pdf
How big is my target market and where do they live or work?
My target market will be wide ranging from kids to elders on First Nation Communities in the Georgian Bay area and Manitoulin Island. There will also be a fluctuation of U.S Tourist in the area in the summer.
Community Meetings and relatives from each community to see if there will be a key market. Also seeing how many Camps have American citizens by asking the harbors how many boats they set in the summer.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Chief and Council meetings to promote my business but also the classes I would like to do and if there are ways to work with the community. Social Media posts to influence the area and trying to work with other organizations to pass on information.
What are the main modes of marketing?
Chief and Council meetings to promote my business but also the classes I would like to do and if there are ways to work with the community. Social Media posts to influence the area and trying to work with other organizations to pass on information.
How does government regulation affect the industry?
This one is a little hard to find out because I want to be based on a First Nation Community and will have to look into laws that govern the community but also looking into what needs to be looked at if opening a place off reserve.
How sensitive is the industry to seasons and economic cycles?
Seasons are very sensitive to be able to restock new wear but also when tourist leave it is harder to sell items and the communities will be looking for more programs.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Some are saying that there will be an 8.9 % decrease in the future.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Home gardening
research the industry online via business information pages
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Southview Greenhouse
Azilda Greenhouse
Birchpoint Construction
Landscaping and tree care services
E-mail or phone
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Covid – points out flaws in food system, more people working from home or not working with time to grow food, wanting to spend time outdoors
community garden lockdowns? more people gardening from home, less opportunity to teach people from community garden sites.
climate change/global warming- affect the growing seasons, affects peoples mentality around this (more people want to grow food and help the environment)
keeping track via news, council meetings, community awareness about covid updates in our region and beyond
research home gardening industry online to determine how many ppl are growing more food, what they generally spend, etc
How big is my target market and where do they live or work?
Greater Sudbury Region
57% of ontarians grow their food
Over 35
people interested in gardening and environment
online research
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
tv advertising, social media, emails, advertising on trucks/vehicles, lawn signs, word of mouth, newspaper ads
How sensitive is the industry to seasons and economic cycles?
very. if no one has money to spend on gardening, this will likely not be prioritized. Seasonal shifts in weather affect our work and the length of our work season.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
health of population, awareness/attitudes about gardening and the environment, # of ppl growing food, # of ppl interested in growing food, # of dollars spent annually on gardening, etc
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Retail Industry
Social media handles
Website
Newspaper
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Poor little rich girl
Christian Boutique Ltd.
Erietta Boutique
Online
Web
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Shifts in economical growth
Increase in new technology – Mobile Ecommerce
Web:
Forbes.com
Mulessoft.com
How big is my target market and where do they live or work?
Population 5,000 people
In a town called Dundalk
Online – Web
New paper
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Public relations – Marketing & advertising
Word of mouth
Internet Marketing
What are the main modes of marketing?
Public relations – Marketing & advertising
Word of mouth
Internet Marketing
How does government regulation affect the industry?
Taxes and Ferderal Trade.
How sensitive is the industry to seasons and economic cycles?
Seasonal shock
Employment growth
Demand Driven
Technology based interactions
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
I’m selling clothing and apparel in a brick-and-mortar retail store, so KPI conversion rate should be 20 – 40%. And that means 70% of my customers will leave without buying anything.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Retail
Online, malls and small shops (including gift shops)
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
entrepreneurs
shop owners
e-commerce owners
Online, malls and small shops (including gift shops)
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Multichannel sales.
Shopping on social media.
Pop-up partnerships. …
Personalization and experiential shopping.
Ethical and values-based shopping.
In stores/ online
How big is my target market and where do they live or work?
Young professionals (19.2% or the Canadian population)
Live in big cities – work in NGOs, Finance, Fin Tech.. etc
Canada – focus is mainly in big cities (where diversity occurs)
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Department stores
Franchises
Online retail/ Internet
Discount stores
Word of mouth
What are the main modes of marketing?
Department stores
Franchises
Online retail/ Internet
Discount stores
Word of mouth
How does government regulation affect the industry?
Regulations on: Taxes, advertising, email marketing, privacy, permits, insurance, collecting data and more.
How sensitive is the industry to seasons and economic cycles?
Sales usually increases in Holidays/ Christmas – can be slow mid-year
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
N/A
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
325620 Toilet Preparation Manufacturing – cosmetics
Online research, social media
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Fit glow beauty
Beauty counter
RMS beauty
ecommerce websites/ online research
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
men wearing makeup
Natural makeup
lighter weight makeup
social media and online research
How big is my target market and where do they live or work?
Within the Toronto GTA: Durham, Halton, Peel, and York.
Places that are 40 mins – 1hr: Ajax, Oshawa, Brock, Pickering, Uxbridge, Whitby, Burlington, Halton Hills, Aurora, East Gwillimbury, Newmarket, Whitchurch-Stouffville, Mono, Bradford, West Gwillimbury, New Tecumseth, Ontario.
– Places that are less that 40 mins: Milton, Oakville, King, Markham, Richmond Hill, Orangeville
online research
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media, online marketing
What are the main modes of marketing?
Social media, online marketing
How does government regulation affect the industry?
With covid-19 makeup applications can be held back due to no face to face contact
How sensitive is the industry to seasons and economic cycles?
Not sensitive at all. makeup sells all year around, people get makeup application done all year around.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
not many other key measures
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
54161 – Management Consulting
NAICS
CMC
Other websites and articles:
https://www.ibisworld.com/canada/market-research-reports/management-consulting-industry/#:~:text=The%20Management%20Consulting%20industry%20in%20Canada%20is%20composed%20of%20companies,supply%20chain%20management%20consulting%20services.
https://sba.ubc.ca/blog/industry-overview-management-consulting-canada
https://www.cmc-canada.ca/2016-industry-study
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Elevate Consulting
Light Trail
Decade Impact
HeartPress
Global philanthropic
KCI
Vantage Point
Siena Consulting
Non-profit and fundraising consultants
Online forums, managment consulting association, networking
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Pandemic
Consumer desire to engage with sustainable businesses
Online forums, managment consulting association, networking
How big is my target market and where do they live or work?
Small to medium sized businesses in Victoria or on Vancouver Island.
There are 29,659 businesses on Vancouver Island
Stats Canada, online, Chamber of Commerce
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Online, networking, word of mouth, cold calling
What are the main modes of marketing?
Online, networking, word of mouth, cold calling
How does government regulation affect the industry?
Taxes, insurance.
How sensitive is the industry to seasons and economic cycles?
B2B natures causes it to be sensitive to other organizations fiscal calendar years and budget planning.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Leads, sales, profit, partnership, outcomes, ROI.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Administrative and support services (Virtual)
Learn.org
Statistics Canada website (NAICS)
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Inbenta Technologies
CodeBaby Corporation
Microsoft
Nuance Communications
Intel
Next IT Corporation
Amazon
Samsung Electronics
IBM
Google
Viclone
Creative Virtual Ltd.
Apple
eGain Communications Corporation
IntelliResponse Systems Inc.
Online
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Productiveness
Philippines is the top country to source for VAs
Bloggin and Online Advertising
Localism Creates a New Way of Life
Work-Life Balance
Global pandemic
It’s a She-conomy
Social Networks Fuel the Participatory Economy
Industrializing Countries Emerge as the New Engine for Global Growth
You No Longer Need Cash to Start a Business
Sustainability Becomes a Competitive Requirement
Work Shifts from Full-time to Free Agent Employment
Niche Markets Flourish in the New Economy
Small businesses and global giants form a barbell economy
Working in the cloud
Social and Mobile Computing Connect and Change the World
Inuit Future of Small Business Report 2020
Online
How big is my target market and where do they live or work?
Target market:
Micro and Small women owned businesses – English and Spanish
Micro: 1-4 employees
Small: 5-99 employees
1.2 million businesses in Canada
97.9% are a small business
Women account for one third of SMEs
Approximately 13 million women-owned small businesses in the U.S.
5.4 million are owned by women of colour
Statistics Canada
Business Development Bank of Canada (BDC)
Cornerstone Dynamics
National Association of Women Business Owners (NAWBO)
Online
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Digital & Content Marketing
– Social Media (mainly Instagram, Facebook and LinkedIn)
– Website
– Email blasts
– Website
– SEO
– Blogs
– Video
– Email
Conversational Marketing
– Discovery call
What are the main modes of marketing?
Digital & Content Marketing
– Social Media (mainly Instagram, Facebook and LinkedIn)
– Website
– Email blasts
– Website
– SEO
– Blogs
– Video
– Email
Conversational Marketing
– Discovery call
How does government regulation affect the industry?
Virtual Administrators usually have clients all over the world making it difficult for government regulations to affect the industry. VAs are also hired as contractors, any government regulation that directly affects the client’s company would not affect the VA as they are not employees.
The VA would be affected by government regulations if it causes a client’s company to go out of business (i.e., due to COVID, some brick and mortar business are being forced to shut down temporarily and a lot don’t have a website which affects their sales/income and have to shut down) In this case, VA would lose a client but still has a lot of online businesses available for potential clients (e-commerce, influencers/bloggers, etc)
How sensitive is the industry to seasons and economic cycles?
The industry is resilient. Since it is purely online and remote, demand will not change between seasons. If client company happens to be seasonal, work will still be needed to maintain a presence on social media and prepare customers for the next on season.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
– Start-up cost is free if you already have a laptop or desktop and internet access
– Cost of Customer Acquisition is extremely cheap
$0-1 per customer
$500-1500 profit
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Coffee Shop
722512
Limited-service eating places
NAICS Canada 2017 Version 3.0.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
-Coffee shops
-Pubs
-Convenience/corner stores
-Ice cream stands
-Breakfast restaurants
-Perform qualitative research
-Observe each business in person
-Talk to others about their experience at businesses
-Take detailed notes while observing
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
-High quality espresso is becoming more popular
-People are wanting healthier, wholesome foods
-Prepared, grab and go foods are gaining popularity
-People want to know the origin of what they eat and drink
-Research online, social media, bloggers
-Perform qualitative research in person
-Speak to people about what trends they are following
How big is my target market and where do they live or work?
-1200 people live in Union Bay
-893 people live in Fanny Bay
-66,500 people live in the whole Comox Valley
Most people who live in Fanny Bay and Union Bay will be driving through Union Bay to go to work in the city. Since we are on the city side of Union Bay, all of the Union Bay and Fanny Bay residents will drive by us every morning.
-Online statistics
-Personal research
-Projected development
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social Media
Promotions
Advertising
Loyalty Programs
What are the main modes of marketing?
Social Media
Promotions
Advertising
Loyalty Programs
How does government regulation affect the industry?
We will regularly be monitored for cleanliness and quality control. We will have to have many different permits and licenses in order to operate. We will follow all government health regulations.
How sensitive is the industry to seasons and economic cycles?
We will become extra busy during the summer tourist season. We are a seaside town with alot of summer outdoor recreation. We will also be extra busy during the winter due to the mountain being open for skiing and snowboarding. When it isn’t the summer or winter we will still have all of the regular commuters driving to work as well as the locals.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Coffee is an addiction. People will search for change in order to be able to afford a cup of coffee because they feel they need it. People will buy coffee before they buy other things. Once they come in the shop to buy a coffee, they will quite often be convinced to buy a food item to go with it once they see or smell the food product.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
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Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
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What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
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How big is my target market and where do they live or work?
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Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
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What are the main modes of marketing?
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How does government regulation affect the industry?
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How sensitive is the industry to seasons and economic cycles?
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What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
hjsjkdhjshkd
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
812910 Pet care (except veterinary) services
https://www23.statcan.gc.ca/imdb/p3VD.pl?Function=getVD&TVD=118464&CVD=118471&CPV=812910&CST=01012012&CLV=5&MLV=5
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Off Leash K9, Petsmart, Vetrinary Clinics, Dog tales, SPCA, North
Toronto K9, Doggieland, dog topia, aqua dogs, FDSA, CPDT, APDT,
IAABC, Schutzhund clubs, breeders, AKC, UKC, AKC, Pet Value,
Global Pet foods, Rens pet depot, Gemini K9, Leerburg, Service dog
trainers, kennels, dog walkers, when hounds fly, All about Yup,
bridgeport, kong, nahak, ruffwear, k9 equipment, groomers, daycares,
COPE service dogs, National Service Dogs, Gemini K9 Obedience, Olympus Academy, Karen Pryor Academy, That Dogs, service dog institute, LFGD, Loads of other trainers, petstores, groomers, boarders, and daycares. Pet smart, Holiday Pet care, Pet Valu, Global Petfood, Angel Pet Supplies, Blu Buffalo, Purina, Kong,
Their websites, Yelp, Reviews, Word of Mouth, Facebook/social media, visiting their establishments, community events, seminars and workshops.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Urbanization,
Millenials starting families later, Aging Boomers aging and looking for companionship,
Animals as healthcare plan,
Idealogical growth, Positivity trends and ‘Modern Dog Training”
Adopt Don’t Shop movement
Animal Rights and Welfare movements.
Covid-19, surge in pets being bought.
https://thebark.com/content/eight-new-dog-training-trends
https://www.dogtopia.com/franchising-us/blog/demographic-trends-pet-care-industry/
How big is my target market and where do they live or work?
32% of pet owners are Boomers
67% of millennials
Rate of rising in industry CAGR of 4.9% (Compound annual growth)
60% of total spending coming from high-income households.
World industry valued at $131.7 BIL in 2016. Projected to reach $202.6BIL by 25. CAGR of 4.9% (Compound annual growth)
56% to 68% of all households.” 9
The Association of Professional Dog Trainers (APDT) has seen their annual conference grow from just 250 participants a few years ago to 1,500 participants. The APDT membership has grown at a similar rate with over 5,200 members in 48 countries, the APDT is the largest association of dog trainers world-wide.5
Dog Training on the Rise
APDT
https://www.thebalancesmb.com/business-plan-example-of-the-industry-overview-2948009
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social Media, Web Ads, Word of Mouth ( big in this industry). Physical marketing (posters, billboards) Commercials.
What are the main modes of marketing?
Social Media, Web Ads, Word of Mouth ( big in this industry). Physical marketing (posters, billboards) Commercials.
How does government regulation affect the industry?
– Animal Welfare Restrictions (PAWS act in Ontario)
– Cap on dogs on a premises (3 in many cities, unless a kennel license is bought)
– FDA and AAFCO food quality regulations
– Laws on tools, ex no prong collars in Quebec
– Some countries ban crates, have strict outlines on unethical treatment, fines.
– leash laws, lack of adequate off leash spaces,
-Breed bans
How sensitive is the industry to seasons and economic cycles?
The industry is a resilient one, even being called ‘recession proof’ by one article. People are caring for their pets more and more and consider basic pet care on par with other basic needs.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
General Service Prices ( Varies)
Service prices. $250 for group classes running approx 6-8weeks with 6-8 student
Walkers: $25 for walks. $30 for daycare. $40-$50 for a night of boarding. $30-$80 for an hour long private class, average of $50. Board and train $200-$600 a week. Bootcamp $500-$1250 per week. Petsmart classes group lessons $119 for 6weeks ($20 per group class) Pure bred dog $1000-$3000. Fully trained working dog – $10,000-$30,000. Adoption fees – $110 -$650.
Average Pay of $35,000/yr , $12-$22/hr experienced / top 10% up to $70k/year
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
name
where
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
players
where
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
trends
where
How big is my target market and where do they live or work?
target market
where
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
modes of markeeting
What are the main modes of marketing?
modes of markeeting
How does government regulation affect the industry?
gov’t regs
How sensitive is the industry to seasons and economic cycles?
seasons and cycles
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
key measures
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Social Action/Advocacy (LGBTQIA+ Community)
Online, library, social media, connecting with players personally
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Human rights groups
Allies/alliance groups
Legal advocates
Professional networks
Workplace resources and advocates
Veteran supports
Elderly community networks
Educational organizations
Advocate organizations
Family Services
Charities/fundraising groups
Community centres and resources
Theatre/film/entertainment groups
Archival/historical groups
Public events/PRIDE
Online
Organizations’/groups’ websites
In-person at these organizations
Over the phone by calling them
From LGBTQIA+ folks who’ve used these services and resources
On social media
Through internet reviews and UCG
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
The prominence and accessibility of social media
Changing media landscape
Increasing interest in social advocacy
More celebrities support and advocates
Public private partnerships
Increase in local and regulatory advocacy
Advocacy in digital times
New digital audiences
Increasing desire to support small businesses
Increased awareness
Social/societal accountability
Cancel culture
Financial insecurity/instability amidst covid
Changes in retail structure
Changes in consumer habits
Potential changes in customer values because of the pandemic
Public attitude regarding LGBTQ+ folks
Online/internet searches
Statstics Canada
New outlets/media
Library
Research papers
Research journals/published research
How big is my target market and where do they live or work?
LGBTQIA+ folks, particularly those who are marginalized or underserved by current structures and organizations
Live or work in remote areas; lower socio-economic backgrounds/areas; experience intersectionality with an additional identity(s); specifically interested in intersectionality between LGBTQIA+ identities and mental health
Internet search
LGBTQ+ organizations
Secondary LGBTQ+ research
Surveys
Connecting directly with members of the LGBTQ+ community
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Traditional media
Social media
Public displays and celebrations
Connection/partnership with likeminded or similarly oriented groups and organizations
Word-of-mouth
Intracommunity marketing/promotion
What are the main modes of marketing?
Traditional media
Social media
Public displays and celebrations
Connection/partnership with likeminded or similarly oriented groups and organizations
Word-of-mouth
Intracommunity marketing/promotion
How does government regulation affect the industry?
Charitable organizations are not allowed to use their resources to lobby/engage in political activity (but that’s only relevant if I select a charitable organization as the mode for activism and advocacy in LGBTQ+ spaces)
Governments have to power to create and pass laws related to LGBTQ+ equality, safety, inclusion, diversity, etc.
Political risk of supporting LGBTQIA+ communities based on the population’s climate toward those communities and issues
How sensitive is the industry to seasons and economic cycles?
Not very sensitive. There are certain times of year when awareness is more prevalent/celebrated (ex. Pride month is June here), but most Canadians tend to be fairly accepting of LGBTQIA+ communities year round (as seen in a survey done by the government). There are also lots of other awareness weeks and days focused on specific orientations or identities that happen throughout the year.
Advocacy is easier when economics are good, but as we saw during the height of covid with the BLM movement, even a pandemic won’t stop advocacy when people feel something needs to change.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Will return to this once I have a better idea of what my ideal business will look like. Some of this doesn’t make sense to complete until after I have completed my interviews and research and have the chance to generate more ideas re: how to solve any problems that occur in my findings.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
All Other Miscellaneous Manufacturing
Google, Library, Google Scholar
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Chapters/Indigo, Simply Zen, Occult shops, Bath and Body works,
Google, In person
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Seasons, popular scents, religious practices, Nature activists
Google, Library, Surveys, In person
How big is my target market and where do they live or work?
Globally, between the ages of 18 and 50, spiritual
Surveys, In person
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Online, Word of mouth, social media growth/advertising (Instagram, Facebook, Tik Tok etc.)
What are the main modes of marketing?
Online, Word of mouth, social media growth/advertising (Instagram, Facebook, Tik Tok etc.)
How does government regulation affect the industry?
A candle must not reignite spontaneously after it is extinguished.
No lead core wicks.
How sensitive is the industry to seasons and economic cycles?
Sensitive to change around seasons, will have to outsource certain resources outside of Canada during colder months and use different scents. Not sensitive to Economic cycles.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Profit is up 3%.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Manufacturing
Stats Canada
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
-Artisan makers / leathercrafters
-Large manufacturers (ie. international based companies)
-Medium/Small manufacturers with factory level assembly and large following (Roots, Rudsak)
-High end designer (YSL, LV)
-Websites
-Stores
-Online statistics (if public company)
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Social:
-increased purchase of small local makers
-increased entry into the crafting business
Technological:
-development of faux vegan leathers (ie, pleather, pineapple based leather)
-development of machinery for faster production
Economic
-Global pandemic
-Increased globalization (wanting cheaper production for large volume output)
Environmental:
-Sustainability of leather
Political:
-Leather purchased in USA (conversion rates, customs)
-Scholarly articles/Primary sources
-Secondary sources
-First hand (questions to other makers, suppliers and customers)
-Stats Canada
How big is my target market and where do they live or work?
My target market is primarily local (based in Toronto/Alliston), with a secondary market of being Canadian/American, and a tertiary market being international.
The age of our target market is between 25-65 years of age. Individuals with buying power and are comfortable in spending the money. However, the primary age target are of ages 25-30 years, young adults who are comfortable yet do not have children and are making purchases for themselves. The secondary target is of ages 50-65 years, individuals whose children have moved out, are employed, are comfortable financially and want to pamper themselves.
-Stats Canada
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
-Magazines
-Television
-Fashion shows
-Influencer marketing
-Social media/apps
-Click through ads
-SEO
-Online/website/blogging
What are the main modes of marketing?
-Magazines
-Television
-Fashion shows
-Influencer marketing
-Social media/apps
-Click through ads
-SEO
-Online/website/blogging
How does government regulation affect the industry?
-Labour laws
-Trade laws
-Material goods/safety laws
-Taxes
-Advertising laws
How sensitive is the industry to seasons and economic cycles?
Fashion industry typically runs on two seasons of product releases. Fall/Winter which is launched in late summer, and Spring/Summer which is launched late winter. With this changes the mood, colour scheme, texture and layering of the wardrobe. Trends vs. styles initiates the conversation about staying up to date on the most favourable schemes for upcoming launches to build hype and promote a sell out item. However, it is highly competitive and creates high saturation of similar products with very little room for differentiation.
Fashion is a needs based business, meaning it is more volatile to changes in economic climate. This pushes for higher purchases on a volume basis at lower selling costs, lower production costs with lower quality materials and exploitive labour with a low cost to consumer (Shien, Wish).
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Production costs vary based on materials, design, and labour. Labour laws in Canada have a minimum wage meaning workers in these industries come at a higher cost than international labour. While is more environmentally sustainable and ethical to be made in Canada, most businesses in the apparel industry opt for exploitive labour to offset production costs for a higher contribution margin.
Opening a storefront has potential for generating higher sales in a high-traffic area, however, comes with a higher risk. This reduces profits greatly, creates higher variable and non-variable operating costs (rent, heat, hydro), has a high need for staff, and has potential for liability (injury of client or damage of product).
Marketing and the way consumers are reached is greatly changing. Apps like Facebook, Instagram, and TikTok offer a new way to connect with potential clients at a way that is potentially free. This leads to higher needs for content creation, consistently keeping up with new trends, and creating an honed marketing scheme amongst a diluted online marketplace. There is a higher learning curve for some technologies over others, and each comes with their own demographic (boomers on Facebook, Millenials on Instagram, and Gen Z on TikTok). These act as a way to improve google and SEO to website to drive trusted organic traffic to make advertising more passive. This has opened up influencer marketing at trusted individuals with a following can gain potential sales.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Retail Trade – Non-store retailers
Uptown Resin
Books on creating resin art, running an online business.
*Etsy for dummies*
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Artsy people who like creating use-full products and art.
A lot of 20-40 year old woman.
Etsy, Instagram, Tic Toc ect.
Facebook groups.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Tic Toc videos of resin being made and demolded have become very popular pushing a rise in etsy sales.
COVID – people are shopping online more for small things.
Research into social media trends.
The news.
How big is my target market and where do they live or work?
My target is more towards woman ages 18-55 with similar tastes to my style. Good with online shopping. Likes unique gifts. Smokers(I make ashtrays and more accessories)
Online – my followers and people who interact with my store and pages.
Other business’ followers.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social Media
Instagram for pictures and videos – used to promote store
Tic Toc for quick videos of process.
Word of Mouth
What are the main modes of marketing?
Social Media
Instagram for pictures and videos – used to promote store
Tic Toc for quick videos of process.
Word of Mouth
How does government regulation affect the industry?
The products used to make my items have to be safe and allowed to be used in Canada.
Two liquids are used and mixed together creating a chemical reaction changing the mix from a liquid to a plastic/glass like material. Has to be safe to use and ship.
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Coaching Industry (or Personal Coaching industry)
Online research has proven very fruitful so far, there are a plethora of articles for me to consume.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
-Inner Stregth Coaching
-Blush Life Coaching
– Toronto Life Coaching -C.L.C. and NLP Master Practitioner
-Tony Robbins
-Tracey Ward
-Valorie Burton
-My Life Coach (owner Michele Caron)
-The Canadian Coach Community
I plan to research and reach out to the potential players, I can seek out their past clients and possibly gain worthwhile information from them.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
-There is an increased demand for coaching services
-Virtual Coaching/Live streaming will become the norm
-Enhanced focus on positive psychology is showing from more than one source
-Demand for measurable results (big part of coaching anyhow)
-Digitization of Socializing/Coaching
-“Designed for Wellbeing” the trend of focusing on mental health awareness and no longer ignoring it
-Continuous Learning trend (I am still unsure if this one applies to my industry)
-Rise in coaches overall
-Niche coaching will increase
I have been using articles thus far.
How big is my target market and where do they live or work?
My target market is quite large, men and women between the ages of 20 and 60, with medium to high income levels.
(Roughly 55% of the Canadian population fits into this age group, based on my research)
-They reside in North America mainly, although many of my clients may live worldwide.
I can do online research, maybe partake in surveys or polls, or look at others who have conducted them previously.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
-Social media marketing
-Digital marketing (E-mail marketing)
-Content marketing
-Direct marketing
-Relationship marketing
-Video content (this is also a trend it seems)
-Organic marketing
-SEM (Search Engine Marketing)
-Affiliate/Partner marketing
-Inbound marketing (Outbound aswell but it is not as common in my industry)
-Conversational marketing
-Acquisition marketing (an umbrella term)
What are the main modes of marketing?
-Social media marketing
-Digital marketing (E-mail marketing)
-Content marketing
-Direct marketing
-Relationship marketing
-Video content (this is also a trend it seems)
-Organic marketing
-SEM (Search Engine Marketing)
-Affiliate/Partner marketing
-Inbound marketing (Outbound aswell but it is not as common in my industry)
-Conversational marketing
-Acquisition marketing (an umbrella term)
How does government regulation affect the industry?
So far the Coaching industry is unregulated. (Though it is obvious certification and credentials are still ideal and necessary to acheive success) However, there is an apparent rise in regulatory control and legal scrutiny. I can’t yet find exactly what the details are on what that might be, but currently there is no licence required by law.
How sensitive is the industry to seasons and economic cycles?
It seems my industry is very sensitive to business cycles/ economic cycles. The current pandemic is proof of this as the industry is predicted to suffer abit due to the lack of disposable income, which is a result of the economy being affected by the pandemic.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
-3,744 coaching businesses in Canada.
-5,86,292 coaches (2019) (42% operate in the US)
-92% of coaches are active.
-Market size was estimated $15billion in 2019. (total market value of $7.5 billion in the US alone)
-In 2015 the worldwide revenue generated from coaching was 2.356billion. (According to IFC)
-The annual revenue average generated by coaching is $51,000 (IFC)
-54% of global clients are women (worth noting)
-The average salary of a certified life coach in North America is $62,500 (2019)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Art and design; fundraising; screen printing and embroidery; apparel and accessories; online and direct to consumer
all over the web baby
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
DTG online printers – Teespring and the like.
Shopify / printify
Fundraising companies for parents such as those listed here: https://www.fundraising-ideas.org/location/manitoba/
and then, of course selling messaged t shirts online is an extremely crowded market. we stand out by being transparent with the money flow and having beautiful designs.
all around the web; on their websites
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
donation fatigue is impacting non profits and all fundraisers in this era of perpetual crisis. there is a reduction in government funds available to non profits, creating a need for increased sustainable creative fundraising. There is a flood of sellers on DTG printing sites, printing and designing are becoming more accessible to the average person.
I look at news articles to find out about reductions in funding. There are probably some studies on donation fatigue hmm. DTG printers have low profit margins for sellers which I find out about through talking to users, there are lots of articles online as well.
How big is my target market and where do they live or work?
my target market is people in charge of fundraising for non profits, parents fundraising for kids. of course people interested in buying the items are customers as well. the live in my city, the non profit people closer to the core and the parents more spread out among the burbs.
Finding out about the parent fundraisers – ask friends who are parents. I can ask people in charge of finances for non profits etc.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Online, in person events. mostly online.
What are the main modes of marketing?
Online, in person events. mostly online.
How does government regulation affect the industry?
not too much; must follow labour laws and pay import fees on the necessary items.
How sensitive is the industry to seasons and economic cycles?
Clothing sales are highest in the fourth quarter due to the holiday season.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Among Canadian families, the average expenditure on clothing and accessories has remained stable in the past couple years at around 3,400 Canadian dollars annually.
Source for this section: https://www.statista.com/topics/5125/apparel-market-in-canada
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Cosmetics Marketing
Social Media
Stores (cosmetic, grocery, malls)
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Nail Professional
Makeup Artist
Salon/Spa
They can be found in stores
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
influencer marketing
User-generated content
Influener marketing is a very popular trend right now and can be found on the most used apps like Youtube, Instagram, Snapchat and Tik Tok.
User Generated content can be found on any social platform that advertises the beauty industry and their products.
How big is my target market and where do they live or work?
88% of the audience are women, and more than half of the population is between the ages of 35-44 years old.
Profiler’s auto-generated reports to dig deeper into different categories, such as age.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Ecommerce/social media
Influencer marketing
Localization (collaborate with local influencers, and prioritize social channels where you can best reach your audience.)
What are the main modes of marketing?
Ecommerce/social media
Influencer marketing
Localization (collaborate with local influencers, and prioritize social channels where you can best reach your audience.)
How does government regulation affect the industry?
FDA/FDC act: Labelling (truthful labels with every ingredient added), Endogenous substances
How sensitive is the industry to seasons and economic cycles?
Responsible for direct and indirect jobs.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Average profit margins are 40% to 60%
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
519130 Internet publishing and broadcasting and web search portals
NAICS
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Individuals and businesses who teach metal vocals (freelance mostly)
Riffshop
Doug Zed
VoiceHacks
Kardacvox academy
Vokill
youtube and player websites
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
quarantine
Metal Music popularity
News and trend research
How big is my target market and where do they live or work?
around 800 searches per month in USA, more worldwide
SEO tools
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
social media and online advertisement
What are the main modes of marketing?
social media and online advertisement
How does government regulation affect the industry?
CASL makes it harder to advertise in large amounts
How sensitive is the industry to seasons and economic cycles?
fairly steady
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
sales
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Food/ Hospitality
Online or asking food business owners
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Wholesalers, factories, grocery stores, restaurants, food bloggers and speciality stores.
Bios about different businesses
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
People leaning towards natural foods, reconnecting with culture, people cooking more at home and people becoming more aware of the connections food has.
Social media, local businesses offerings and popular news
How big is my target market and where do they live or work?
Target market is based in the GTA, focused on Toronto. It’s size is quite large as food is broad enough to attract a variety of people
Looking at food bloggers, demographic in stores, using website analytics
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media, word of mouth and in person promotion
What are the main modes of marketing?
Social media, word of mouth and in person promotion
How does government regulation affect the industry?
Ingredients, sourcing of ingredients, food safety protocols and transparency
How sensitive is the industry to seasons and economic cycles?
Seasons affect food availability locally due to possible changes in growing seasons. The economy also greatly affects the food industry, as people as less likely to splurge on food items if they have other expenses to be concerned about first.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Customer loyalty and feedback. Staying up to date with trends and staying ahead of the curve.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Name: Somatics
Type: Holistic Wellness
Google org websites, articles and podcast
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
See week 3 list
Social media, youtube, LinkedIn, Google, FB groups
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
– Health care cost and effectiveness
– Environments
– Covid/pandemic lockdown restrictions
– Online
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Online/social media
What are the main modes of marketing?
Online/social media
How does government regulation affect the industry?
Every decision the government makes affects the industry to an advantage
E.g-Health Care
How sensitive is the industry to seasons and economic cycles?
Very
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
NAICS:
– 315249: Women’s and girls’ cut and sew clothing manufacturing (CAN)
– 31524: Women’s, girls’, and infants’ cut and sew clothing manufacturing (US&CAN)
– 3152: Cut and sew clothing manufacturing (US, CAN, MX)
Industry:
– sustainable fashion
– upcycled fashion
– e-commerce fashion
contact DR NAICS for questions:
– email naics@census.gov
– call 1-888-75NAICS.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
– Etsy sellers
– HiJules
– Amazon
– Everlane
– Made Trade
– The Little Market
– Pildora
– Done Good
– Accompany
– We Dash Love
– Frank and Oak
– retailers websites
– media (google)
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Political
– UN shown commitment to sustainable fashion, launched UN Alliance for Sustainable Fashion in 2019 (B)
– changing laws and regulations (n/a)
– higher demand/increased benefits for sustainable companies (n/a)
Environmental
– rise of sustainability demanding consumer (B)
– climate change (n/a)
– depletion of resources (n/a)
Societal
– capsule wardrobes (A)
– shopping second hand (A)
– charitable companies (A)
– recycling and upcycling (A)
– increased transparency (A, C)
– rise of digital (A)
– other brands, including fast fashion brands are increasing sustainable options (B)
– “greenwashing” (n/a)
Technological
– growing digitalization of the economy (C)
– increasing investments in Information and Communication Technology and the digitalization of the value chain (C)
Legal
– n/a
Economical
– increasing consumer demand (B)
– the circular economy (C)
– upcoming market crash (n/a)
– effects of COVID19 (n/a)
– increased attention on sustainability from venture capitalist and investors (D)
A) https://linchpinseo.com/trends-in-the-sustainable-clothing-industry/
B) https://www.mckinsey.com/~/media/mckinsey/industries/retail/our%20insights/the%20state%20of%20fashion%202020%20navigating%20uncertainty/the-state-of-fashion-2020-final.pdf
C) downloaded PDF: “sustainability-trends in the fashion industry-2020.pdf”
D) https://www.forbes.com/sites/sophiamatveeva/2020/02/11/top-trends-in-sustainable-fashion-today/?sh=7581d34964f4
How big is my target market and where do they live or work?
The Green Consumer in Canada:
44% of Canadians are socially responsible consumers (B)
Location:
– Canada, mainly BC to start
– large cities with liberal, democratic, and green populations (A):
– Liberals: ALl of Yukon & NW Territories, St John’s, Halifax, Charlottetown, Ottawa, Toronto, Kitchner, Hamilton, Thunder Bay, West Vancouver, Sechelt, Whistler, Delta, Surrey, DT Vancouver, North Vancouver
– Democrats: all of Nunavut, Victoria, Burnaby, East Van
– Green: Nanimo, Saanich
Size:
– Canada Population 37.7M (D)
– Canada 18-44 Population 13.8M (C)
– Canada 18-44 female Population 6.8M (C)
– 44% of 6.8M = 3M *
A) https://newsinteractives.cbc.ca/elections/federal/2019/results/
B) https://www.crop.ca/en/blog/2017/190/
C) https://www.statista.com/statistics/444858/canada-resident-population-by-gender-and-age-group/#:~:text=In%202020%2C%20there%20were%20about,males%20and%205.12%20million%20females.
D) https://www.worldometers.info/world-population/canada-population/#:~:text=Canada%202020%20population%20is%20estimated,(and%20dependencies)%20by%20population.
additional: green consumer market research https://www.intechopen.com/books/consumer-behavior-and-marketing/profiling-green-consumers-with-data-mining
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Digital Marketing:
– social media strategy
– use IG stories to drive conversions
– FB video ads to grab attention
– Personalize customers experience (through ecommerce page and retargeting ads; eg: style guides, gift guides, recommended shopping)
– educate the customer about your product & benefits
– create a blog to direct organic traffic to your website
– TikTok
– sell “aspirational realness”
– tell your story / create a brand story
PR and influencer marketing:
– diverse range of mega- macro- micro- and nano-influencers
– use content marketing
– submit press releases for new launches/collections/etc
– reach out to bloggers
– host/attend an event w/ press and potential customers
– pop-up shops
What are the main modes of marketing?
Digital Marketing:
– social media strategy
– use IG stories to drive conversions
– FB video ads to grab attention
– Personalize customers experience (through ecommerce page and retargeting ads; eg: style guides, gift guides, recommended shopping)
– educate the customer about your product & benefits
– create a blog to direct organic traffic to your website
– TikTok
– sell “aspirational realness”
– tell your story / create a brand story
PR and influencer marketing:
– diverse range of mega- macro- micro- and nano-influencers
– use content marketing
– submit press releases for new launches/collections/etc
– reach out to bloggers
– host/attend an event w/ press and potential customers
– pop-up shops
How does government regulation affect the industry?
Textile Labelling Act:
– garments must have accurate information listing the generic name of each fibre present and the dealers’ full name and postal address or a CA identification number
Canada Consumer Product Safety Act:
– products cannot be a danger to human health or safety; if products are deemed to be a danger to human health and safety, they must be recalled.
How sensitive is the industry to seasons and economic cycles?
The fashion industry is highly sensitive to seasons and economic cycles but it does vary substantially depending on the offering. For sustainable fashion, it’s common to have 2 seasons a year, SS and FW. Since the garments are considered “fashion wants” rather than “fashion needs” and the price is higher than similar fast fashion products, the impact of economic cycles is substantial.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
– Standard Allowed Minute (SAM): length of time it takes to make a garment
– Operator Efficiency: measures the skill and expertise of a particular employee; SAM/total minutes worked(100)= operator efficiency
– Perfect Order Fulfillment: % of products delivered in full, on time, without defects, and with the proper documentation
– Repeated Order: % of all orders coming from returning customers
– Order Fulfillment Cycle Time: relative amount of time to design, develop, produce, and transport an item
– Inventory Turnover: how many times the entire inventory of a company is sold during an accounting period
– Return of Defective Product: % of defective products returned by the customer
– Conversion Rate: total # of sales / total number of visits
– Gross Margin Return on Investment (GMROI): how much revenue your inventory generates over a fixed period of time
– Sell-Through Ratio: number of units sold / starting inventory (100)
– Gross and Net Profit
– Average Transaction Value
– Profit Margin
– Stock Turnover
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Transportation and warehousing-
Warehousing and storage
NAICS
The internet
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Other storage establishments in the area such as Apple storage.
Their domain websites.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Increase in population/immigration
migration from condos/urban to suburban areas
Increase of accessibility via transit
Open data
Government documents/websites
Municipal projection population plans
How big is my target market and where do they live or work?
They live in East Gwillimbury + General area (York Region/ GTA)
Open data
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
SEO, social media, media (ie: flyers, newspaper, billboards), Sponsorships, referrals
What are the main modes of marketing?
SEO, social media, media (ie: flyers, newspaper, billboards), Sponsorships, referrals
How does government regulation affect the industry?
land fees, operation cost, zoning, HST, business license,
How sensitive is the industry to seasons and economic cycles?
Fairly consistent with slight fluctuation dependant on economic state. To elaborate, if the country is in a depression, families would most likely stay away/dispose from non-essential expenses such as storage units.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Street rates
Existing tenant rates
Unit occupancy
Average length of stay
Market comparables
Seasonality
Residential vs. commercial renters
Tenants who rent multiple units
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
3188 (31881 mostly) BAKERIES AND TORTILLA MANUFACTURING
or
722512 LIMITED SERVICE EATING PLACES (coffee shops, take out, bakeries, drive in restaurants)
722330 Mobile food services (foodtruck or float on the move)
or potentially later on maybe even
722511 FULL SERVICE RESTAURANT
https://www23.statcan.gc.ca/imdb/p3VD.pl?CLV=5&CPV=722512&CST=01012017&CVD=1182718&Function=getAllExample&MLV=5&TVD=1181553&V=370602&VST=01012017
NAICS website
statistics for limited service eating places:
https://www.ic.gc.ca/app/sme-pme/bnchmrkngtl/rprt-flw.pub;jsessionid=0001hwo-gKyxMCHe9qFFJl8InMS:-B16FQS?execution=e1s1
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Cortes natural food co-op
Street stall bakery Mansons Landing
Squirrel Cove takeout (should someone rent it this year before me)
The Gorge restaurant
Sunflower foodtruck Whaletown
Bear picnic food truck (if sold to someone on the island and not done by me)
Refuge Cove restaurant/café
Nancy’s bakery (Lund)
Farmer’s market bakers (one selling to the store in the Gorge and to the Seattle yacht club boaters)
+ maybe Bonnie returning to the island?
Laughing Oyster restaurant
The boardwalk restaurant in Lund
google maps
information from local business owners and residents
social media
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
– travel and border restrictions due covid or other events (tourism from US and Canada coming to Cortes)
– covid regulations re distancing, PPE, seating/takeout/full closure
economical situation after pandemic is over
island regulations for new businesses
– relationship of people to high quality food, organic, local, sustainability approach, to healthy diet vs. sweets, fatty, flour based food
– regulations by government like raising minimal wage etc.
– possible local regulations like how many food businesses are allowed (re. Salt Spring island regulated bakeries) + local environmental regulations (waste, grey water, proximity to the protected water areas, boating limitations)
-covid: government website and news, not predictable
– island regulation: Strathcona regional district, BC Island Health, Adam McKennty’s organisation to support local businesses on Cortes
– food trends & education&public opinion: ?
– economical situation: ?
– minimal wage and other regulations: provincial government of British Columbia website
How big is my target market and where do they live or work?
– US boaters (Washington, Oregon)
– ferry tourists coming from Vancouver island, BC mainland, Quadra, Alberta in the summer
– local boaters from BC
– local population of Cortes, Refuge Cove, Quadra
? size?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
google (main!) – googlemaps – near me – and search engine
social media (Instagram+fb) – don’t forget good info about opening hours + current offer + working contact info!
TripAdvisor + Yelp for reviews
What are the main modes of marketing?
google (main!) – googlemaps – near me – and search engine
social media (Instagram+fb) – don’t forget good info about opening hours + current offer + working contact info!
TripAdvisor + Yelp for reviews
How does government regulation affect the industry?
Foodsafety regulations, business license
Island Health for my area. Inspector comes 1x per year, announces beforehand, need to contact them before reconstruction and get approved each season again if closing for the winter.
BC business licenses
worksafe BC
How sensitive is the industry to seasons and economic cycles?
very – mostly summer tourism, with possible sales to locals in winter in the stores, markets, holiday bakes, birthday cakes etc.
weddings strong in the summer, if cakes/cupcakes were desired to be offered
important: work with local airbnbs, bnbs, kayak tours, camping in Smelt bay, water taxi folks
use the cortes website to inform customers + the fb page for locals
physical signs on the drive from the ferry + signs for the boaters that show them where to go, with clear opening hours
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
722 – food & drink services
Total revenue 100.0B
Cost of sales (direct expenses) 44.6B
Wages and benefits 8.5B
Purchases, materials and sub-contracts 36.0B
Opening Inventory 0.8C
Closing inventory 0.7C 0.9
Operating expenses (indirect expenses) 52.3C
Labour and commissions 23.0B
Amortization and depletion 2.8C
Repairs and maintenance 2.0C
Utilities and telephone/telecommunication 2.7C
Rent 8.7C
Interest and bank charges 0.7E
Professional and business fees 1.5E
Advertising and promotion 2.1E
Delivery, shipping and warehouse expenses 0.4E
Insurance 0.7C
Other expenses 7.7C
Total expenses 96.9B
Net profit/loss 3.1B
bread & bakery manufacturing 31181
https://www.ic.gc.ca/app/scr/app/cis/summary-sommaire/31181
CORTES ISLAND LANDSCAPE: https://srd.ca/wp-content/uploads/2019/06/Cortes-Community-Profile.pdf
3000 tourists per day in summer
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Film Industry, Content creation
Youtube, people already established in the business, online classes, artist social media platforms
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
News Knowledge Media
Mico Productions
Brick House Productions
Google, interviewing members/employees
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
– new businesses being forced to shut down due to lack of profits
– a surge of entrepreneurship in the public
– Need for entertainment and content that represents marginalized groups
– Streaming service viewing breakdowns
– networking with other entrepreneurs to find how our goals can coincide
– government media funding programs
How big is my target market and where do they live or work?
My target market can be small for in-person clients that live in the London area but can expand internationally through the internet
London website, with collaboration in online venues, social platforms, especially artist-specific ones, and referrals.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Website, reviews, Trailers, Streaming services, Microcontent platforms like tik-tok or youtube
What are the main modes of marketing?
Website, reviews, Trailers, Streaming services, Microcontent platforms like tik-tok or youtube
How does government regulation affect the industry?
Following of COVID guidelines means smaller cast/crews, but more productions in off-market areas that are not in lockdown or have fewer regulations
How sensitive is the industry to seasons and economic cycles?
Outdoor filming (where more people can work at once) is limited by weather conditions. Economic recession means fewer people are spending money which means less investment, and even when the content is created, the profit margin is lower due to a lack of profitable viewing platforms. On the other hand, people have a desire for more content when times are tough (escapism)
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
The more people involved requires larger budget but often lower profit margins, and require of external companies with high commissions
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Travel, skiing, tourism
Internet
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Other Instrcuting/hosting companies in Niseko
Website of each
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Growing ski market in Asia
Growing wealth in Asia
Coronavirus halting travel
Internet
How big is my target market and where do they live or work?
They live and work in Asia
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Word of mouth and social media
What are the main modes of marketing?
Word of mouth and social media
How does government regulation affect the industry?
Permits travel across international borders
Regulates who can sell travel related products
How sensitive is the industry to seasons and economic cycles?
VERY
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Other Food Crops Grown Under Cover
111419
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Aerogarden
Vegebox, GrowLED, GARDYN, Farmstand, Hydrofarm
Back to the Roots
Traditional farmers
Youtube vlogger/bloggers
Google, Amazon Reviews
Library resources: business databases
YouTube
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Increased interest in gardening
Increased plant based and organic food diets
Public interest in sustainability
Consumers getting pickier about what they eat: quality, convenience, consistency and ethical
Stats Canada, online forums
How big is my target market and where do they live or work?
lives or works in the city, probably a 9-5 commute
stats Canada
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Online: facebook ads, instagram, snapchat
What are the main modes of marketing?
Online: facebook ads, instagram, snapchat
How does government regulation affect the industry?
amount of crops grown, types of materials used in manufacturing, type of seeds distributed
How sensitive is the industry to seasons and economic cycles?
more like a “gift”: subscription model is insensitive as people will always need to eat
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
overhead sales, subscription numbers, exposure and reviews
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
44-45 Retail Trade
454 Non-Store retailers
4541 Electronic Shopping and Mail-Order Houses
“The Fashion Industry”
Statistics Canada
Business of Fashion
Vogue Business
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Etsy
Shoptiques
Simons
Amazon
H&M
Patagonia
Toronto Fashion Incubator
Instagram
Wholesome Culture
Stella McCartney
Eileen Fisher
People Tree
Espirit
Christy Dawn
Kotn
Synergy
Reformation
Aritzia
Wolven
Everlane
Coal Miner’s Daughter
Général 54
Fashion Exchange Toronto
Their websites
Alexa
Erank
Business of Fashion
Vogue Business
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Society: Lockdown affects what styles and items people buy, what patterns people are drawn to, and has created a huge shift towards online shopping (so there will be more customers and more competitors)
Technology: Innovation in fashion: new organic and recycled textile technology, virtual style analysis, virtual try-on, online shopping can allow for new models (such as hybrid models where there are stores as showrooms, but no inventory), new ways to print and dye fabric, new manufacturing methods (such as laser cutting)
Environment: more consumers are demanding sustainable fashion, ie. biodegradability, recycled textiles/plastics, non-toxic dyes, consideration of full fashion life cycle, consumer shift towards upcycling, mending, DIY, buying less
Economy: COVID-19 has increased unemployment rates, leading to less spending power of Canadians, stock markets have also declined
Business of Fashion
Vogue Business
Statistics Canada
How big is my target market and where do they live or work?
Statistics Canada
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
PPC (pay-per-click): ex. Google, Facebook
SEO
Content marketing: blogs, infographics, videos
Influencer marketing
Social media marketing
Email marketing
Affiliate marketing
Local marketing
What are the main modes of marketing?
PPC (pay-per-click): ex. Google, Facebook
SEO
Content marketing: blogs, infographics, videos
Influencer marketing
Social media marketing
Email marketing
Affiliate marketing
Local marketing
How does government regulation affect the industry?
CA Identification number: 5 digital identifaction #
Rules for Made in Canada claims
Textile Flammability Regulations
Business Number
HST & GST
Vendor Permit
Employer Health Tax
Canada Ban on imports created with forced labour
How sensitive is the industry to seasons and economic cycles?
Sales peak in November & December with Black Friday, Holiday, and Boxing Day shopping
Tends to be very slow in January
Peaks depend on what products are being sold -> for example, people mostly buy swimwear in the summer
Sales also peak at beginning of new seasons -> Feb/March for SS, September/October for FF
Sales can be slow if not during a peak season, so often retailers will use mark-downs to encourage sales
Trends can also encourage spikes in sales
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Profit margins, operating expenses (indirect expenses), cost of sales (direct expenses), total revenue, total assets, total liabilities, total equity, gross margin
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Agriculture
Library/YouTube/Blogs/Podcasts
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
GoldFarm
Ryan’s Market Gardens
Salad Days Farm
et al.
Instagram
Competitor Websites
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Rising land prices
Increased costs of inputs (carbon tax)
Farm Credit Canada analyst reports
How big is my target market and where do they live or work?
500k+
They live across the Greater Toronto Hamilton Area and live in households with a combined income over $90k
Instagram, Facebook, Stats Canada
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Instagram
Facebook
Farmer’s Market
What are the main modes of marketing?
Instagram
Facebook
Farmer’s Market
How does government regulation affect the industry?
Organic certification required farms to certify in order to make the claim.
How sensitive is the industry to seasons and economic cycles?
Typically seasonal, however our vertical system allows us to grow year round. People always need to eat so not as impacted by economic cycles.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Typically a farm should net 50% of it’s gross sales to stay in business year over year.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
International trade
Food magazines, market trends, supply chain resources on web
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Distributors, Importers, Wholesaler
http://www.ic.gc.ca/eic/site/cid-dic.nsf/eng/Home
Other database websites like open.canada.ca
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Economic trend, purchasing behaviour in the market (social), ecommerce players marketing their variety of products.
Freight forwarder/3PL business trend, retailers with growing sales for the procuts, social media marketing, stock market
How big is my target market and where do they live or work?
my target market is for Toronto location.
20-25 retail stores that operate across GTA.
Grocery business magazine.
https://jamiesarner.com/toronto-life/2012/12/best-asian-grocery-stores-toronto/
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
emarketing, social media campaigns, word of mouth for local reach
What are the main modes of marketing?
emarketing, social media campaigns, word of mouth for local reach
How does government regulation affect the industry?
import regulations. FDA if importing through USA.
Labeling conditions
How sensitive is the industry to seasons and economic cycles?
varying sensitive levels depending on the product of sale.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
customer demographics
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Packaged Consumable Goods
– Internet
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
– McCormick
– Store Brands
– Cha’s Organics
– Clubhouse
– Stores
– Market research
– Online
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
– aging population
– inclination to choose healthier foods
– rise in popularity of organic products
– rise in demand for allergy friendly products
– Statistics & government websites
How big is my target market and where do they live or work?
– Large
– Most who cook at home
– Ages 21 – 70
– Across Canada
– Statistics & government websites
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
– Social media
– Physical ads
– Influencer/affiliate campaigns
– TV commercials
– Youtube ads
What are the main modes of marketing?
– Social media
– Physical ads
– Influencer/affiliate campaigns
– TV commercials
– Youtube ads
How does government regulation affect the industry?
– Labeling
– Health standards
– Changes in laws and pricing of international food trade
How sensitive is the industry to seasons and economic cycles?
– High economic growth rate and disposable income
– Government tariffs
– Stronger U.S. dollar and high levels of household debt
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
– Canada negotiating / entering trade deals with agricultural export competitors
– Aging population
– Increased focus on health
– Rise in conscious consumerism
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
4481 – Clothing stores
North American Industry Classification System
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Doodle dogs
Tailblazers
online research
websites
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
More dog ownership
more people at home spending time with their dogs
Online research
Adoption rade research
How big is my target market and where do they live or work?
Millennials
Online survey
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
ONline marketing
social media marketing
local market participation
What are the main modes of marketing?
ONline marketing
social media marketing
local market participation
How does government regulation affect the industry?
not very many regulations
How sensitive is the industry to seasons and economic cycles?
Seasons of gifting.
Nov 3x
Dec 6x
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
not applicable at this time
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Food Industry
Canada Website
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Catering Companies, Festival Creators, Market Runners
Mentors, Researching
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
sustainable, local
…
How big is my target market and where do they live or work?
majority in Kentville/wolfville/halifax
going to markets and viewing people
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Food and beverage
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Barista
Waiter
Cook
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Natural food
Vegan
Particular food trend
How big is my target market and where do they live or work?
Massive size i guess?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
N/A
N/A
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
N/A
N/A
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
N/A
N/A
How big is my target market and where do they live or work?
N/A
N/A
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Consulting, DEI, Cultural Competency
Library, Online, Networking and community partners.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Egale, The 519, Planned Parenthood, LGBT Youthline,
Online, through networks.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Buzzwords like diversity, inclusion and equity are popular topics, there are many HR departments who are doing their own work.
Online, with connections.
How big is my target market and where do they live or work?
All businesses should be investing in this type of work, they are everywhere.
Online and through connections.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media platforms, client referrals, and networking.
What are the main modes of marketing?
Social media platforms, client referrals, and networking.
How does government regulation affect the industry?
Right now the government is encouraging all businesses to get into DEIB and inclusion work, which means right now businesses are eager to do this work. No regulation yet.
How sensitive is the industry to seasons and economic cycles?
Sensitive.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
512110 – Motion picture and video production
The Internet
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Spider video inc
ocean entertainment
telltale productions
RPM productions
Evenflow media
small production companies
clutch.co
google
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
video based social media platforms (youtube/tiktok/instagram)
social platforms being used to promote music
internet use increased due to remote meetings/events
streaming service usage increased
impactful music videos
internet
https://www.statista.com/statistics/475258/canadian-film-and-tv-production-volume/
How big is my target market and where do they live or work?
my target market lives and works in the city, easily accessible resources and networking
they work in arts an performance whether they are artists marketing their work or someone looking to host a series or present a series on another industry
internet, networking
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
video and film, social media ads, paid promotions on streaming platforms
What are the main modes of marketing?
video and film, social media ads, paid promotions on streaming platforms
How does government regulation affect the industry?
Tax credit guidelines, pandemic related restrictions, National film act, permits regularly required
How sensitive is the industry to seasons and economic cycles?
depending on the type of production and the location the season changes. can be year round.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Location, affordability of services
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Finance and Insurance
Naics website
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
EZ credit repair
Primerica
Equifax
TransUnion
Borrowell
Credit Karma
All commercial banks
Website resources
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Increase in credit fraud
More personalized insurance products
Emmergence of MicroFinance Institutions
Website resources
How big is my target market and where do they live or work?
My target market is not broad as it is targeting primarily young to middle aged people who are interested in finance.
My target market would live within the GTA, living either with parents, renting, or owning their own home. They work ranging from minimum wage to corporate jobs.
Website rewsources
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Customer Outreach
Self-Service and Digitization
Social Media
Automation and Big-Data
Digital Storytelling
What are the main modes of marketing?
Customer Outreach
Self-Service and Digitization
Social Media
Automation and Big-Data
Digital Storytelling
How does government regulation affect the industry?
OSFI
-Regulates and supervises canadian banks, insurance companies, and private pension plans to determine if their in good financial position; insuring solvency.
FSRA , Consumer Protection Act, Consumer report act, Limitations ACt
-All for ontario
-Established to protect the rights of consumers by promoting high standards of business conduct and transparency.
Leaves a very miniscule room for error
How sensitive is the industry to seasons and economic cycles?
The financial services are more of an intangible, service based business; and is therefore less sensitive seasons or economic cycles. Financial services will still be needed at any economic conditions, even during a recession.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Profit margins: 5.1% to 40.5%.
Sales commisions: 5% to 100%+
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Individual and Family Services
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
-Cori Stern offers similar services in Toronto, Ontario.
-In BC, AB, and MB parenting consultants are a government-funded position, however, they are only available to people in those provinces.
Some indirect competitors include:
-Big Little Feelings
-Curious Neuron,
-Curious Parenting
– Inclusive Learning,
-The Connected Baby Co.
-Dr.Ashley Soderlund
Their social media pages and websites.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
The increase in aging populations across the world due to advances in medical care and declining birth rates are expected to create robust demand for individual and family services, thereby driving the growth of the category in the coming years.
https://www.prnewswire.com/news-releases/company-insights-for-the-individual-and-family-services-industry–emerging-trends-company-risk-and-key-executives-301294290.html
How big is my target market and where do they live or work?
10.34 Million families live in Canada updated 2020
https://www.statista.com/statistics/443323/families-in-canada/
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
– Social Media
-promotional services and giveaways
-sponsorship
-content marketing
What are the main modes of marketing?
– Social Media
-promotional services and giveaways
-sponsorship
-content marketing
How does government regulation affect the industry?
it doesn’t
How sensitive is the industry to seasons and economic cycles?
Because of the pandemic parents and families are needing support now than ever
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Business coaching/professional development
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
My target market lives in canada f
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media
Word of mouth
Online
What are the main modes of marketing?
Social media
Word of mouth
Online
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
812910 – Pet care (except veterinary) services
NAICS – https://www23.statcan.gc.ca/imdb/p3VD.pl?Function=getVD&TVD=1181553
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Love 2 Play – Mentor
Paw & Order
The Spotted Ear
Barks and Recreation
Yellow Pages, word of mouth, Google.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Pandemic puppies, gps collars, switch to digital learning, possibly v-pass, humanitarian movements.
Observation, interviews.
How big is my target market and where do they live or work?
7.7 million pet dogs in Canada – 2020
Generally, middle income, although some spill-over to high and low income. Families or individuals. Age range ~20 to ~60.
statista.com – https://www.statista.com/statistics/1015882/number-of-pet-cats-and-dogs-canada/
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Print advertising at vets and groomers, organic and paid social media and SEM
What are the main modes of marketing?
Print advertising at vets and groomers, organic and paid social media and SEM
How does government regulation affect the industry?
Very little in Canada, with the exception of COVID measures.
How sensitive is the industry to seasons and economic cycles?
Seasons do not negatively affect dog training – when a proper venue is secured, winter will even probably bring extra revenue due to the seasonal amenities of the venue when it’s cold out.
In the event of an extreme economic downturn, sales would drop drastically as many of my clients will be repeat customers, who will have the means to continue the training on their own should it become unaffordable.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
84% of businesses in Canada are profitable, with an average margin of 18.3% and the top quartile reporting a margin of over 70%
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
commercial Trucking
Online, research, talking to companies, owner operators, truck drivers with experience
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Canada Cartage
Vip Cartage
Thrill Transport
Shridath Transport
ONLINE Websties
Indeed
Job market
Google
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Carrier bankruptcy
Rise in technology
Harsh Market
Online
Transportation industry
Supply chains
How big is my target market and where do they live or work?
Target is Cross Canada
Library
Online Websites
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Advertise on company trucks
Radio, Tv , newspapers
Social Media
apps
What are the main modes of marketing?
Advertise on company trucks
Radio, Tv , newspapers
Social Media
apps
How does government regulation affect the industry?
Regulations differ throughout north America. Drug and alchohal clearances. Companies make sure to comply with these regulations such as background checks, drug testing , medical test etc.
How sensitive is the industry to seasons and economic cycles?
3/4 seasons is fine
Winter season is very sensitive in the industry due to the snow and the impact it has on the trucks, especially severe weather conditions, that prevent drivers from reaching their destinations safely.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Financial Process very high with alot of risk
Customers and people
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Arts
the central library
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
you me gallery
AGO
the central library
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
political and socio economic events and protests
the central library
How big is my target market and where do they live or work?
1/10th of the population and the GTA
the central library
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Face to Face or social media.
What are the main modes of marketing?
Face to Face or social media.
How does government regulation affect the industry?
Not too much.
How sensitive is the industry to seasons and economic cycles?
Very sensitive
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
profits, sales and overhead costs.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Retail/ merchandise
Non-profit (seperate)
Foot work( checking out other stores)
Internet browsing
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Gap kids
Carter’s
Old Navy
Children’s place
Osh kosh
Going into these stores or visiting their websites
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Social – not enough people knowing or talking about what my brand represent
Online , Facebook groups
Hospitals
Blogs
How big is my target market and where do they live or work?
My target market is mother’s , expecting mothers , mother’s of pregnancy and infant loss, as well as people looking to gift any of these mother’s. These customers our local as well as different provinces and regions throughout Canada. Eventually would like to be international.
Hospital
Forums
Social media
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Online marketing
Direct marketing
Word of mouth (reviews)
What are the main modes of marketing?
Online marketing
Direct marketing
Word of mouth (reviews)
How does government regulation affect the industry?
Consumer product labelling (non-food)
Consumer product safety
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
baby-sitting in own home (i.e., private day-care)
bereavement counseling
family planning counseling
childbirth (prenatal) preparation classes by health services
aid to families with dependent children (afdc)
parenting services
Materials from my previous/current birthwork courses
prenatal/postpartum/lactation/parenting books and resources
La Leche League Canada (lactation)
Best Start Nexus (general best practice information)
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Mothercraft Ottawa
Motherwit Doula Care
Rooted Family Wellness Center
Birthing Center
Ottawa Valley Doulas
National Capital Doulas
Orchid Doula Care
Community Doula Access
‘A Womb of One’s Own’ Doula care
Bereaved Families of Ottawa
Parenting in Ottawa
Ottawa Breastfeeds
Ottawa Public Health
Milkface Lactation Services
Queensway Carleton Hospital Lactation Services
TOH Lactation Services
Ottawa Morgantaler Clinic
Planned Parenthood
La Leche League Ottawa
Community Health Centers (somerset, centretown, sandy hill, etc)
“The Link” Sexual Health (Ottawa Public Health)
First Place OPTIONS (anti-abortion options counseling)
Business websites
Social media sites
Attend La Leche League meetings
Speak to care providers about their services
Research CHC services, referral processes, etc
(I work with, volunteer with, or am in contact with many of the people/organizations on this list already)
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
More parents are having babies at older ages
Maternal mortality is 3x higher for black parents compared to white parents
30% of births occur via C-section
89% of parents breastfeed their child (increase in breastfeeding from previous years)
Birth interventions like induction, epidural, c-section, etc. are increasing
More parents are birthing in hospital or birthing center than at home.
Those in rural/remote/northern/indigenous communities are forced to go to the nearest city for birth
Both parents are more likely to work full-time
There is generally less familial/community support postpartum due to lack of multi-generational family homes (and now COVID restrictions)
Gestational parents have a lot of pressure on them to “do everything” and feel reluctant to ask for help
More 2SLGBTQIA+ people are ‘out’ and having babies, requiring extra support for gender-affirming/culturally appropriate care
higher immigrant population necessitates culturally appropriate care and community support with resources & (potentially) translation services, as well as extra support to navigate healthcare system
Stigma around pregnancy loss is lessening and becoming more talked about, but is still isolating
Stigma around abortion still exists and some “options” organizations masquerade themselves as ‘non-judgemental’ but heavily push against abortion as a valid option.
Abortion services not always available in the areas they’re needed (rural/remote/northern/indigenous; also east coast)
The abortion pill is gaining more popularity and allows people to continue their abortion at home (often less traumatic than surgical abortion)
Conservative government wants to criminalize abortion again
“March for Life” protest every year in Ottawa
How big is my target market and where do they live or work?
Target market is large (any person with a womb that is of childbearing age (16 to ~40) with or without children)
They live/work in varying areas.
Preferably, they live within a 40min bus ride from me.
“mom” or parent groups on Facebook
La Leche League meetings
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media/website
flyering
referrals from other care providers
providing prenatal/lactation/parenting courses or drop-ins
holding workshops for parents
What are the main modes of marketing?
Social media/website
flyering
referrals from other care providers
providing prenatal/lactation/parenting courses or drop-ins
holding workshops for parents
How does government regulation affect the industry?
There is no regulation of doula care. The only thing doulas cannot do, is whatever is not in our current scope of practice (i.e. doulas cannot provide medical care or advice; doulas cannot provide or suggest certain herbal medicines unless they are a legtimate herbalist; we cannot catch babies willfully unless in emergency circumstances)
How sensitive is the industry to seasons and economic cycles?
Not very. Parents get pregnant/have babies/have abortions/lose babies all year round.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Average cost of standard birth doula services in my area range from $500-$2000 depending on skill of doula, income of client, and services provided. (Standard birth doula services generally include 1-2 prenatal visits; access to support via phone/email; on-call birth support from 3 weeks prior to estimated due date until birth; 1 postpartum visit; 3-6 weeks of 1x/wk postpartum check-ins)
Average cost of postpartum doula care ranges from $20-$50/hr or $200-$400 overnight support. Again this depends on the skill of the doula and income of the client.
Lactation support (usually licensed lactation consultant) ranges from $100-$200 per session
Abortion support is still relatively uncommon and is often pro-bono/by donation, but some doulas may charge a rate comparable to postpartum support
Grief and loss support ranges from $30-$100 per session (depends on time of session, counseling skills of doula, income of client)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
-Retail Trade (Health and Personal Care)
-Non-Store Retailer
-Electronic Shopping + mail order houses
-NAICS website
-Canadian Industry Statistics
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
-UniWigs
-Cosmetic World
-The Dazzling Wig
-Light in the Box
-Love Queen Wigs
-Little Wig Museum
-Kimiwa Style
-Lux Hair Shop
-Uniwigs.com
-cosmeticworld.ca
-Etsy.ca
-lightinthebox.com
-luxhairshop.com
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
-Covid
-Decline in social stigma of wigs and false hair
-Rise in preference towards fair trade
-Rise of hair loss in millenials
-Rise in popularity of social media influencers
-Rise in LGBTQ+ acceptance
-Rise in popularity of drag queens
-Growing potential in middle income users
-Increasing use of wigs in fashion and entertainment industries
-Increase in hair transplant surgeries
-Healthline
-APN Magazine = Fighting Wig Stigma: The Social Media Comeback
-Forbes = Women Brush Off Middle Age, Hair Loss with Wigs and No Shame
-The Renatural = Why are Wigs so Popular all of a Sudden?
-Forbes = How To Choose The Best Hair Extensions (and Why Ethical Waves Never Come Cheap)
-RemyNY
-WovenHair.com
-NY Times = Now’s the Time for Wigs. If You Can Get the Hair for Them
-Arizton.com = Hair Wigs and Extensions Market -Global Outlook and Forecast 2021-2026
-WBOC = Hair Wigs and Extensions Market
-IBIS World = Hair Wigs and Extensions
-BusinessWire = The Worldwide Hair Wigs and Extensions Market
How big is my target market and where do they live or work?
-Hair loss = 35 million men, 21 million women in the USA
-Drag queens = approx. 50 000 in USA
-Cosplayers = over 16 000 at the San Diego Comic-Con
-Marriages = 2 015 603 in USA (a good amount being brides)
-start.askwonder.com = Drag Queen Research United States
-thehairsociety,org = Hair Loss Statistics
-timesofsandiego.com = Sublime and Scary Faces of Comic-Con
-cdc.gov = Marriage and Divorce
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
-Social media (Instagram, Facebook, Tik Tok, etc)
-Printed media (newspaper, magazine)
-Email marketing
-Guerilla marketing
What are the main modes of marketing?
-Social media (Instagram, Facebook, Tik Tok, etc)
-Printed media (newspaper, magazine)
-Email marketing
-Guerilla marketing
How does government regulation affect the industry?
-Foreign origin of all imported industry products must be disclosed on labeling and advertising (label hair as country of origin)
-Label if hair is human or synthetic
-Nothing highly flammable
How sensitive is the industry to seasons and economic cycles?
Wig, hair extension and hair accessory purchases remain fairly inelastic all year long. The seasons/holidays over the year where there may be an impact in sales are:
-Halloween (October)
-Comic Conventions (Year round)
-Different colours for different seasons, following the fashion trends
-Film season (High season = Summer)
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
-Seeing high adoption of hair wigs among a variety of cultures
-North America dominates the global hair wigs and extensions market = 40%
-Competition has intensified at the regional level
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Employment Placement Agencies
Casting Bureaus/Agencies for Businesses
Content Creation
*hybrid of a few industries*
– Google
– NAICS website
– Library
– People
– Stores
– Social Media
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
-Small Businesses
-Corporate Businesses
-Small and Big Brands
-Social Media (Instagram, Facebook, LinkedIn)
-Content Creators: Entertainers, Artists, Actors, etc.
-Influencers/Youtubers
-Facebook AD Manager
-Casting Agencies and Bureaus
-Placement Services
Google
Everyday people through interviews or asking questions
Social Media
Businesses/brands
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
– Oversaturation: everyone does it or can do it
– everyone wants to go into work for themselves individually
social media platforms
How big is my target market and where do they live or work?
My target is a pretty large market where essentially everyone can market themselves, especially on social media platforms, so generally they can live and work anywhere as long as they have technology on hand (phone, laptop, desktop, etc.)
– Through your laptop or cellphone and social media platforms where people market and sell products, services, or themselves everyday.
– Google search engine as well
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Advertising
Digital marketing,
Personal selling
Public relations
Sales promotion
Content Creation
What are the main modes of marketing?
Advertising
Digital marketing,
Personal selling
Public relations
Sales promotion
Content Creation
How does government regulation affect the industry?
The government regulations affect the industry through economic cycles, which could be positive or negative. They also have a hand in the amount the employees, content creators, that are eligible to be under my business, which in turn also affects the taxes that we must pay based on small, medium, or large business measures.
How sensitive is the industry to seasons and economic cycles?
Not sensitive to them at all I believe. If anything the employment placement services may be in more of a profitable season during colder months, due to the rise of sickness.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
82.2% profit margin
72.3% gross margin
78.8% total expenses
21.2% net profit
33.5% labor and commissions
13.7% purchases, materials, and sub-contracts
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Residential and Office Cleaning Services
Google about it, Client experiences,
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Molly Maids, Mr. Maids, Diamondz cleaning service
On their company website, as well as reviews and client testimonies.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
High Demands for housekeepers, Time.
Asking potential clients, surveys etc
How big is my target market and where do they live or work?
The market in my area for housekeepers is very big. Alot more people are requiring housekeepers because of the increase of having busy lives.
Surveys, Clients.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Facebook, Instagram, Google ads, Word of mouth, signs and flyers.
What are the main modes of marketing?
Facebook, Instagram, Google ads, Word of mouth, signs and flyers.
How does government regulation affect the industry?
Regulated cleaning products, WHIMIS mandatory, First aid and CPR (optional) but should be a must.
How sensitive is the industry to seasons and economic cycles?
I would assume that in the Winter months in this area, due to all the high salt usage due to snow and salt, there will be alot more need for reacurring visits in a month. Also people sometimes develop SAD (seasonal affective disorder) in the winter and fall months, making housekeeping hard to keep up with.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Custom handmade products
ACE (A Custom Experience)
Online, Small shops in town
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
There are lots on Etsy
Google/ Etsy
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Economy drop
Covid
Online
library
news
How big is my target market and where do they live or work?
Most work minimum wage however it is a large market
everywhere
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social Media
What are the main modes of marketing?
Social Media
How does government regulation affect the industry?
Not much
How sensitive is the industry to seasons and economic cycles?
Very
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Take home of our clients
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
NAICS 611690 – All other schools and instruction
Personal Development Course wellness and self-care (mental health industry)
https://www23.statcan.gc.ca/imdb/p3VD.pl?Function=getAllExample&TVD=1181553&CVD=1182718&CPV=611710&CST=01012017&CLV=5&MLV=5&V=370509&VST=01012017
online, wellness journals, instagram bloggers, career coach information
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
headspace
Youtube
Current Self-Development/Coaching Services
Art Classes/Cooking Classes
Online Forums
LinkedIn Posts
Medium
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Lots of mental health space is being talked about these days.
A lot of people building out their side hustles.
Instagram Reels/TikToks
News Articles
How big is my target market and where do they live or work?
My target market is in their 25-35s
They mostly live in the city and work remotely.
Look at Facebook Groups (Hustle Networks)
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Online presence, digital marketing and word of mouth, or hashtags
What are the main modes of marketing?
Online presence, digital marketing and word of mouth, or hashtags
How does government regulation affect the industry?
none, only if I offer educational services.
How sensitive is the industry to seasons and economic cycles?
this kind of service base does well for those in the height of the economy (9-5s) or just in the recession.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
sales of the self-growth classes
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Drinking places/ food services & drinking places
Internet
Library
In person
Governmemt statics website /Naics
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Local venues
Strip clubs
Other restaurants
Liqueur stores
Lounges
Bars
Promoters/Social media personnel
Governmemt officials
I can look thru Blogs
Use Search engines
I can also find their Social media pages.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
People’s personal fears
Governmemt regulations/restrictions
Specific food shortages
News segments,
Various websites, magazines, articles .ect
CBC
Global news
Washington post
How big is my target market and where do they live or work?
My target market is pretty large & work or live in the downtown area
Forums
In person
Social media
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Local pop ups
Putting up posters
Promoting on social media location marketing
Hosting unique entertainment meaning live performances, bands or DJs
What are the main modes of marketing?
Local pop ups
Putting up posters
Promoting on social media location marketing
Hosting unique entertainment meaning live performances, bands or DJs
How does government regulation affect the industry?
Government regulations affect my industry by limiting the number of people that can attend a venue or can be in a certain space.
As well as if a person has to be vaccinated or unvaccinated to attend.
How sensitive is the industry to seasons and economic cycles?
The industry is pretty sensitive to changes in the season due to people wanting to go out in nicer weather.
And economic Cycles do affect this industry because people are more reluctant to want to go out while making less money.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Retail, in (online) store, art
The Internet
Deep research into other companies in the same field
Talking to store owners
Talking to potential customers
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Tribal Tess and all other independent artists from Africa selling online through etsy – might partner with some of them if shipping is getting too expensive for good buisness
Online stores selling knockoff African goods or goods that were inspired by Africa
Online stores selling authentic African products
Brick and mortar stores that sell African imports. There is a store 5min away from my house
African Imports TM and other companies that ship from Africa to North America to sell directly to customers or sell wholesale products to other stores and independent sellers
Google shopping, Etsy, store websites, Talking to owners if they are close by
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Social – People generally want to help Africa, meaning there will be high demand for ethical products in which most of the purchase is going directly back to the artist. There is an increase in online shopping, there will be a high demand for products sold online. There are new movements concerned with ‘white saviors’ that may be angry that I am a white buisness owner of a store that sells African goods, even if I am doing it to ensure artists can get better prices.
Technology – Social media advertising has made it possible to advertise cheaply. It is easy to make online stores. People are accustomed to buying online.
Environment- N/A
Economy- because the African market is oversaturated with handmade goods, the goods are actually worth more here. By shipping from Africa to North America I am moving from an area of high supply and low demand to an area of low supply high demand.
Political- Canada has reduced rates of duties for developing countries, including many in Africa.
The Internet, government of canada website, asking people I know and potential costomers
Asking people working in the same field
How big is my target market and where do they live or work?
My target market is currently mainly female because I am selling mostly jewlery. My target market is fairly big because I have a wide range of price ranges (expensive lines and affordable lines)
They could be living anywhere, they could be working anywhere. People with ‘caring’ jobs may be more likely to buy because they are motivated by the ethical nature of my products. People with ‘nice’ houses and income levels (average or above average) as they will have more spending money.
According to buisnesswire, handicrafts are non-essential items with a strong correlation with disposable incomes.
According to Bead Market Study April 2015 conducted by Centre for Global Business:
Women were the leading consumers at 72% with men accounting for the remaining 27%.
There is a fair distribution of bead product consumers between age18 and 60. However, the leading
consumers are the youth aged between 18 and 29 accounting for 54% of all respondents. The lowest consumers are those aged 50 and above.
Region-wise, North America exhibits a clear dominance in the market as consumers in the region are willing to spend substantially on handicrafts, including handmade jewelry, apparel and handcrafted home accessories.
By talking to a large variety of people. By speaking to other people in the industry. By asking my supplier Pauline because she has a store. By researching online.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media ads for new customers (includes company created ads, consumer pictures and reviews, influencer partnerships)
Email ad campaigns for site visitors
What are the main modes of marketing?
Social media ads for new customers (includes company created ads, consumer pictures and reviews, influencer partnerships)
Email ad campaigns for site visitors
How does government regulation affect the industry?
The government of Canada has a lower rate of duty that they charge for importing from developing countries if 60% of the value of the item comes from that country. Handmade goods easily fit this category.
How sensitive is the industry to seasons and economic cycles?
On a google trends search I saw that handmade jewlery and beaded jewlery had steady interest worldwide in the last 5 years, so it is not a sensitive industry.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Jewlery sales are going up but the price paid for each item. Handmade jewlery is moderately priced so it is becoming more in demand according to this metric.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
561722 – Janitorial services (except window cleaning)
NAICS statcan
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Molly Maid Sudbury, Merry Maids of Sudbury, Ture Canadian Home Health & Cleaning Services, Dianne’s Cleaning Services, Tiffany’s Maid Service, Clean Queens Inc., Rome’s Cleaning Service, Dr. Clean Inc. (Note: None of these businesses are located in Azilda but do provide services in Azilda)
Dyson, Canadian Tire, Amazon, Bissell, Miele, Sudbury Vacuum Sales & Service Ltd, Chelmsford Vacuum, Walmart, Dollar Store
Google, NAICS statcan industry description,
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
The pandemic, unemployment, people working or staying at home, housing market in Azilda, growing population of elderly individuals requiring extra supports, Azilda is a growing french community.
Google, peers, personal experience, Azilda has multiple old age homes and only french schools.
How big is my target market and where do they live or work?
My target market is everyone living in Azilda.
N/A
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Marketing online through Google ads or general searches.
What are the main modes of marketing?
Marketing online through Google ads or general searches.
How does government regulation affect the industry?
WHMIS, Health and Safety regulations and workers rights if I were to hire.
How sensitive is the industry to seasons and economic cycles?
Not very affected unless economic crises arise.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Retreats
Online
Google search
Airbnb
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Xpansive warriors
Big brother Canada
MITM
https://www.xpansivewarrior.com/thejourney
https://bigbrothersbigsisters.ca/
https://www.instagram.com/mitmmentality/
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
– Men’s mental health
– Vulnerability in men
– Black men mental health
– Healing
– Self discovery
https://www.instagram.com/tonyxtones/
https://www.instagram.com/xpansivewarrior/
How big is my target market and where do they live or work?
My Target market for right now is gear to men in the Toronto and Greater Toronto Area who don’t have access to speak with men on issues they are facing. There is a total of 1,097,256 men from the age 20 – 29 in Ontario. The exact amount of people in Toronto and the GTA would be be less than this number however still greatly impact the population of men
https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1710000501&pickMembers%5B0%5D=1.7&pickMembers%5B1%5D=2.2&cubeTimeFrame.startYear=2017&cubeTimeFrame.endYear=2021&referencePeriods=20170101%2C20210101
–
https://www.prnewswire.com/news-releases/-315-billion-growth-in-global-wellness-tourism-market-2020-2024–insights-on-key-products-offered-by-major-vendors-and-forecast-for-new-normal–technavio-301250821.html
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Digital marketing; such as search engines, social media, email, and websites to connect with current and prospective customers.
Content marketing; social media platforms, blogs, videos, ebooks, and webinars.
What are the main modes of marketing?
Digital marketing; such as search engines, social media, email, and websites to connect with current and prospective customers.
Content marketing; social media platforms, blogs, videos, ebooks, and webinars.
How does government regulation affect the industry?
Three legal structures – sole proprietorship, a partnership or a corporation.
Travel restrictions preventing people to not travel to certain countries.
Forced Lockdowns
How sensitive is the industry to seasons and economic cycles?
Retreats can happen at any season. Depending on the clients, they may prefer a warmer climate for a retreat especially during the winter season in north America
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
– How affective my marketing is to stand out from other competitors
– Domestic location have a higher success rate due to not needing visa, passport and conversion of money
– International locations will have the fastest growth in terms of CAGR due to higher spending per trip and rise of international trips
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Consulting, Healthcare
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
MH Hub
Website, interviewing employees
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Social – More and more people realizing that menstrual & reproductive care needs to be innovated
Technology – New innovation in technology (i.e new breast pumps, apps to monitor women’s health)
Economy – More women are joining positions of power in the economy, and therefore will be spending more money on their own health
Environment – People are becoming more environmentally conscious and so there is a need for products and services that are earth-friendly
Political – With the recent election, the government has promised a large sum of money to improve women’s health
How big is my target market and where do they live or work?
There are currently 700 new startups/organizations focussing on women’s health.
Hubs like FemTech Collective produce lists of new companies specifically on women’s health.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Direct emailing and building relationships on LinkedIn
What are the main modes of marketing?
Direct emailing and building relationships on LinkedIn
How does government regulation affect the industry?
With the recent election, the government has promised a large sum of money to improve women’s health
How sensitive is the industry to seasons and economic cycles?
I would say that it is sensitive since a lot of the services I am providing relate to the growth of the organizations.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Alternative Investments; Memorabilia
AIMA(Alternative investment management Association); Topps website,
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Topps, Paninini, Upper Deck co., Fleer, Donruss, O-Pee-Chee, etc.
Target customers, who their consumers are, what was their (players in the market) initial marketing strategy, who are the ‘replacement’ competitors,
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
The digital pivot, residual income opportunities through NFT’s, increase in e commerce, the impending bubble, the end of the Covid pandemic.
Google backlinks, youtube, library books,
How big is my target market and where do they live or work?
If the market floods and we get a market share of 2.16%: $21.17Billion.
If we are the singular players in the market: $900Billion
https://ca.style.yahoo.com ;
https://www.businesswire.com/news/home/20211004005510/en/United-States-Sports-Trading-Card-Market-Report-2021-2027-Featuring-Futera-Leaf-Trading-Panini-Topps-Tristar-Productions-Upper-Deck-Company—ResearchAndMarkets.com ;
https://www.sportscardinvestor.com/2020/07/12/how-big-is-the-market-for-sports-cards/ ;
https://www.verifiedmarketresearch.com/product/sports-trading-card-market/ ;
https://www.forbes.com/sites/chriscason/2020/05/28/why-the-sports-card-industry-has-not-yet-reached-its-peak/?sh=57f3b2fa1fb7
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media (Instagram, tik tok, instagram), Video sharing sites (Youtube), Paid advertising, Digital Press.
What are the main modes of marketing?
Social media (Instagram, tik tok, instagram), Video sharing sites (Youtube), Paid advertising, Digital Press.
How does government regulation affect the industry?
-Anti trust laws.
-Not much else
-Pandemic and stay at home orders
How sensitive is the industry to seasons and economic cycles?
The Trading card market and by extension, our industry is very sensitive to economic cycles. For example, during the pandemic, when people were at home more and more,
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Avg. profit margin: 50%
Commissions: N/A due to Upfront payment of distribution channels.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Food & Health
Online resources.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
North America, 30,000,000
Online resources.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Education Services – Tutoring
– Google
– StatsCanada
– reader’s Choice (all ontario regions, or just the big ones to start)
– library (check advertisements at the library as well)
Websites like : https://www.superprof.ca/blog/the-biggest-private-tutoring-sites-in-the-canada/
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Oxford Learning
TutorBright
PrepAcademy
Liberty Tutoring
Kumon
Sylvan
Tutor Doctor
Other small private tutors
Individual websites, readers choice, google, financial post
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
– Increasing costs
– low tutor-wages, high tutor and student turnover
– more online
– more focus on STEM learning (like coding)
– public school system’s class sizes increasing
– individual tutor company websites
– statscanada (for education trends)
– gov. of ontario (for education trends)
– news websites (both for reader’s choice, advertisements, and education news)
How big is my target market and where do they live or work?
MASSIVE
Live in suburban areas, work in the cities (in my case, I am targeting Kitchener-Waterloo)
Demographic information (ages and population numbers):
CAMBRIDGE-IDGE-KITCHENER-WATERLOO –
Population of people within typical age-range of parenthood (25-49): 179, 165
Total families in private households: 77, 445
Total couples with children: 55, 490
Median household income: $77, 229
Total families of private households that earn $100, 000 and over: 71, 895
– Facebook and Google Analytics
– StatsCanada (Specifically the Census)
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Google ads, word of mouth, Facebook, Kijiji
What are the main modes of marketing?
Google ads, word of mouth, Facebook, Kijiji
How does government regulation affect the industry?
Vulnerable Sector Checks are essentially the only regulation for this industry, and even then, it’s not actually a requirement per se. It’s a highly unregulated industry.
How sensitive is the industry to seasons and economic cycles?
Globally, it’s not all that sensitive to seasons, but is sensitive to wide-spread economic hardship. In Canada, the industry was a bit smaller than some other global players (The US, UK, and other developed nations that have a culture of gaining a competitive academic edge), and therefore was more sensitive to seasonal changes (i.e. would slow down during the summer). That said, after the pandemic, a surge in online tutoring began, and now the industry seems to have exploded and isn’t as easily effected by seasonal changes, since parents want their children to ‘catch up’ on what was missed with school closures.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Gross GDP as of August, 2021: 105,932 (up by 4.6 since August 2020)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
44-44 – Retail Trade
454 – non-store retailers
4541 – Electronic shopping & mail-order houses
https://www23.statcan.gc.ca/imdb/p3VD.pl?Function=getVD&TVD=380372&CVD=380375&CPV=4541&CST=01012017&CLV=3&MLV=5
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Supreme, Nike, Adidas, Off–White, The Hundreds, Unfinished Legacy, HB Archives, Thrasher, Huf, Obey, etc.
Their websites
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Spring 2022 Trends
– Sustainability
– Shades of yellow
– Surfer colour palettes
– Y2K fashion (2000’s)
– Bold colour combos
– Open torso (crop tops)
– Modified Trench coats
– Stripes
https://www.purewow.com/fashion/2022-fashion-trend-predictions
https://www.vogue.com/article/spring-2022-fashion-trend-report
How big is my target market and where do they live or work?
– Estimated 10% of the fashion and footwear industry
– Under 25
– socially conscious
– Annual income of $40,000 or less
– Market worth $185 billion
https://www.strategyand.pwc.com/gx/en/insights/2019/streetwear.html
https://strategyand.hypebeast.com/streetwear-report-market-statistics-global-trends
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
– Social Media
– Other young, urban people that the consumer is surrounded by (Trendsetters)
– Musicians
– Social media influencers
What are the main modes of marketing?
– Social Media
– Other young, urban people that the consumer is surrounded by (Trendsetters)
– Musicians
– Social media influencers
How does government regulation affect the industry?
Textile Labeling Act – https://www.ic.gc.ca/eic/site/cb-bc.nsf/eng/02908.html
Consumer Packaging & Labelling Act – https://www.ic.gc.ca/eic/site/cb-bc.nsf/eng/02907.html
Consumer Protection Act – https://www.ontario.ca/page/safe-online-shopping
How sensitive is the industry to seasons and economic cycles?
The fashion industry itself is sensitive to seasons and economic cycles. However, the streetwear industry is not as affected by seasons as their styles and products stay in style year round. Though some may have seasonal items, most of their sales come from the “regular” products. Economic cycles still have an effect on the streetwear market as it is not “essential to life”.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
– 54% of consumers spend $100 – $300 a month on streetwear
– 18% spend over $500
– Accessible pricing, with limited quantities (good marketing strategy)
– Hip hop & rap influences (80% of consumers), Contemporary Art influences (42%)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Tech
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Kivu, EY, Deloitte, Herjavec,etc
Market books
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
It is increasingly important
How big is my target market and where do they live or work?
Everyone
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
digital
What are the main modes of marketing?
digital
How does government regulation affect the industry?
yes
How sensitive is the industry to seasons and economic cycles?
not sensitive
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
High Fashion Designer/Lifewear and Streetwear
Through researching and studying other designers, groups, corporations etc who have done and continue to do what I’m working on right now, and studying those such as Ye , Virgil Abloh, and WESTSIDE GUNN or Kerwin Frost
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Off-White
Yeezys
Supreme
Palace
Clutch
Bape
Hellz Bellz(HLZBLZ)
Married to the Mob (MTTM)
The CXX
Us versus Them
Do Good Forever
OBEY
Effulgence
Maharishi
Billionaire Boys Club
10 DEEP
Rebel8
Carhartt uk
Stussy
KITH
LRG
Crooks & Castles
Diamond Supply Co
CLOT.
RockersNYC
Only NY
FUCT
Staple Pigeon
Alife
Flying Coffin
Black Scale
In4mation
Lemonade Stand
SSUR
Through websites, research
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Oversaturation within the High Streetwear fashion industry
Public disagrees with clothes messaging or creators resistance
Not meeting client concerns
Lack of innovation
Delivering a seamless experience across all consumer touchpoints
Fostering brand loyalty with customers who have infinite choices
Investing in and delivering on personalization promises
Staying competitive in a uniquely crowded market
Increasing online access and smartphone penetration
Emerging worldwide middle classes with disposable income
Innovating technologies to create experiential ecommerce
Harnessing the power of celebrity and influencer culture
Through companies that focus on impact trends in different industries such as Fashion/Music/Tech and then looking at what is impacting the industry for the better and what is negatively impacting the industry
How big is my target market and where do they live or work?
They’re local community members, teachers, artists, leaders, athletes, celebrities from all over the globe
By Surveys, Study groups, Questionnaires, One on One interviews and just talking to people
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Direct Marketing
Public Relations
Personal Selling
Sales Promotions
Advertising
Events
(source: https://bit.ly/3I7Efsv )
What are the main modes of marketing?
Direct Marketing
Public Relations
Personal Selling
Sales Promotions
Advertising
Events
(source: https://bit.ly/3I7Efsv )
How does government regulation affect the industry?
negative effects on wages
Challenge of regulating
Greater feedback
Insiders advantage
Lower cost
Narrow vision room with set policy/regulation
Greater legal protection against lawsuits
How sensitive is the industry to seasons and economic cycles?
Forever evolving fashion industry cycles constantly, at a rapid rate. Anything from a news headline, to a large social celebration or public reaction to an impactful event will cause many brands to re-create.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Loyal/Core fanbase support
Quality design
Media Features
Local/International Brand Recognition
Like-for-Like Sales
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Fashion Industry
Through online research, person shopping or through primary sources.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
– Manufacturer Exporters.
– Designers
– Suppliers
Researching online
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
– Seasonal trends/climate change
– Overproduction/ wasted material
– Artificial Intelligence
– Online
– Newspapers
– Fashion Magazines/ Pop-culture magazines
How big is my target market and where do they live or work?
My target market size is 14.57 million and they live in Ontario, Canada.
Online or conduct surveys in person.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Branding
Fashion Design
Promotion
Sustainability
What are the main modes of marketing?
Branding
Fashion Design
Promotion
Sustainability
How does government regulation affect the industry?
Some materials are prohibited from being sold. Use of fur from endangered species is highly prohibited.
How sensitive is the industry to seasons and economic cycles?
The seasons have a big influence on what you wear, whether it’s fall-winter or spring-summer. The predominant colours, as well as the designs and trends for each season, are constantly changing. The type of fabric used in the creation of clothes is also an important consideration.The seasons have a big influence on what you wear, whether it’s fall-winter or spring-summer. The predominant colours, as well as the designs and trends for each season, are constantly changing. The type of fabric used in the creation of clothes is also an important consideration.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Sell-through rate. …
Product lifecycle curve. …
Stock availability and size fragmentation. …
Store capacity and showrooming. …
Markdowns.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Arts, Entertainment, and recreation
-Individual visual artists and artisans
-Boudoir photography specifically
Statistics Canada? (ethnic groups, age groups, gender groups, who lives in Montreal?)
Library?
Instagram
Google searches
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Landscape of Players:
-other boudoir photographers
-other private individual photographers (portraits, wedding, couples, nature)
-based in Montreal, Vancouver, Tokyo
-other female boudoir photographers open to all genders and couples
-same industry, and then adjacent industries
Research on google, duckduckgo
Library?
Stats Canada?
Is there an arts thing where I can look into the arts/photographers of Montreal for example?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Society: changing thoughts on types of relationships, what gender means, acceptance of nudity, looking for freedom from social norms
T: technology, phones, being able to take own pictures or do it for friends
E: economy, covid, people being afraid to meet new people, to go outside, lack of money due to lower economic output (but this may jump back once the pandemic is over)
E: environmental; fear over changes in environment, putting this fear into nudity with nature, desire to be free and close to mother earth in nature
P: politics, misinformation, personal opinion being spread as fact, how people use their photos and how others see it, being aware of guilty by association, changes in views of feminism
Interviewing others
Social media
Stats Canada about family units
How big is my target market and where do they live or work?
Target Market/customer:
Location: Vancouver, Montreal, Tokyo
Size: Not sure how big it is
Age group: theoretically, any age, but I expect to get most customers in the age range of 20-40
Gender: Expecting mostly fem people, but some other genders
Marital Status: Doesn’t matter, probably not married though
Job, occupation: Doesn’t matter, probably in a job related to the arts, social sciences
Income: around 60K +
Lifestage: Learning about how to love their body, respect themselves, and honour their self expression and identity
Lifestyle:
Values: Honouring other’s self identities, open minded, open to other people’s ways of living, value art
Attitudes: Want to love their body, want to self express through photography art
Occasion: Wedding, engagement, anniversary gift, self care package, friends, partners,
Health: showing off insecurities
Ethnic backgrounds: any
Geography: Montreal, Tokyo, Vancouver (but Montreal for now)
Am I passionate about them?: yes
Are they easily accessible?: yes, social media since the majority will be in the age range that uses it
Are there enough of them?: not sure
Are there any related trends from STEEP that I can take advantage of?:
-society: escape gender norms
-tech: make it about the experience
-economy: offer lower prices, package deals, make it about putting the covid time to good use
-environmental: make it about being one with nature, understanding nature before we can save it
-politics: follow feminist views
-Talking to interviewees, friends, family, hearing what others say about it
-Since my target customers location is based around where I am, I can use my own lifestyle as an example of who would use my services
-Look into other boudoir photographers in Montreal, Tokyo, and Vancouver to see who their clientele is
-Stats Canada (age, income, occupation, lifestyle, etc for Montreal to start)
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Instagram ads
My website
My blog
What are the main modes of marketing?
Instagram ads
My website
My blog
How does government regulation affect the industry?
Instagram doesn’t allow any photos of nudity
How sensitive is the industry to seasons and economic cycles?
Very: clients may increase or decrease depending on the season, holiday, but also based off of their personal important dates
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
?
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Mental health support
Educational tools and apps
any mental health nonprofit website, the app store and often resource databases
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Jack.org
KidsHelpPhone
BetterHelp
Provincial governments (responsible for education)
School boards
other app and self care tool designers
Board websites, Jack.org and KHP websites,etc.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Higher demand
increase in poor mental health and struggles to cope
Shift from in person to online environment
Higher costs due to competition and inflation due to economy
Government of Canada covid 19 information page
Seen in our every day life
increased costs can be found on wordpress or even app design tools website
How big is my target market and where do they live or work?
The target market is a niche market but growing rapidly
they live all across canada and often work from home due to the pandemic or in person in schools
Canada census website specifically demographic information
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Online marketing through facebook and other social media
personal stories and impact videos often on youtube videos
What are the main modes of marketing?
Online marketing through facebook and other social media
personal stories and impact videos often on youtube videos
How does government regulation affect the industry?
Government regulation ensures things like consent are followed along with instituting basic app requirements or nonprofit requirements.
How sensitive is the industry to seasons and economic cycles?
Not very sensitive to seasons though there is an uptick in use around late fall and late spring including christmas/holidays season. Economic cycles can affect the apps user body but for free apps it does not really have an effect.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Connections to other organizations, social media pescence, duration and expereince in creating material like this for example
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Beauty and cosmetics sector
Online
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Sephora
BSW
Shoppers*
Online
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Social media – influencers
Social media
How big is my target market and where do they live or work?
Target market – ethnic women ages 16-30
Online
Questionnaires
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Online/social media
What are the main modes of marketing?
Online/social media
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
Constant growth due to social media
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
The Music Industry
Major Labels, Watching youtube video’s about the music industry
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
UNKNOWN Studio’s
Major Musik
Midnight Studio’s
Instagram pages & websites
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How much a customer is paying for a studio session
Quality Mix & Mastering
Being in a safe, comfortable environment
You can also find more information on their websites. Seeing the area the studio is located, and looking at their rates
How big is my target market and where do they live or work?
Our target market lives in the areas of Toronto, Brampton, Mississauga, Vaughan, Scarborough, and North York. Potential clients usually work in part-time jobs such as fast food, retail, cedar fairs, or even warehouses. There’s a broad range of places our target market can work.
By asking artists & creatives face-to-face places they’ve worked at.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Streaming
What are the main modes of marketing?
Streaming
How does government regulation affect the industry?
They say that records revenues should be split between the songwriter, the producer, and the creator of the melody.
How sensitive is the industry to seasons and economic cycles?
The industry is sensitive to the type of records that are being released during seasons. (Ex. Christmas season they play Christmas records mostly)
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
N/A
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Real estate rental and leasing
Administrative and Support
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Air B n B
Robin
International recruitment agencies : Global hire,Hire immigrants
VRBO
Google-Find reports and analysis of the
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
-Drop in international immigration.
-Lack/Availability of housing units.
– Rent increase.
– Lack of jobs for immigrants.
– Continuation of Pandemic.
-Climate change hits the property sector : Greenhouse emmisions
– Visa regulations and requirements.
CIC Website
Google
How big is my target market and where do they live or work?
My target market amounts to 143,341 female immigrants .
CIC website
Google
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Digital Marketing :
Employ – Websites, Blog, Social Media, Virtual staging
What are the main modes of marketing?
Digital Marketing :
Employ – Websites, Blog, Social Media, Virtual staging
How does government regulation affect the industry?
Government policies affect the real estate and leasing industry by :
– If the Canada’s greenhouse emissions exceed, it may affect construction of housing units.
– Changes in tax rates may affect the rental fee.
Government policies affect the administrative and support industry by:
– visa policy changes may affect recruitment for immigrants within this industry
How sensitive is the industry to seasons and economic cycles?
1. https://www.google.com/search?q=economic+cycles+affect+rental+real+estate&tbm=isch&ved=2ahUKEwjNxvD7sYf1AhU4o3IEHXxJAw0Q2-cCegQIABAA&oq=economic+cycles+affect+rental+real+estate&gs_lcp=CgNpbWcQAzoHCCMQ7wMQJ1DHBVjCHWDmH2gEcAB4AIABc4gB2QeSAQM2LjSYAQCgAQGqAQtnd3Mtd2l6LWltZ8ABAQ&sclient=img&ei=H3vLYY27ObjGytMP_JKNaA#imgrc=saLC5sbHNxiDmM
2. https://www.canada.ca/content/dam/ircc/documents/pdf/english/corporate/reports-statistics/evaluations/R39-2019%20Approach_LabourRec.pdf
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
The Music Industry
-Online
-In books
-mouth to mouth communication
-Videos
-By listening to Music
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
OTHER ARTISTS:
-Megan St Rose
-Stonehouse
-Anewbis
-Frantik
-Savage tha God
-MEGZ
-Wavelord
-X-Plycit
-CAVY
-Quake Matthews
-Classified
-Merkules
-Tory Lanez
-Joyner Lucas
-NF
-Snow tha Product
MUSIC INDUSTRY BUSINESSES:
-Shoebox Studio
-Music Nova Scotia
-East Coast Music Association
-FACTOR
-Virgin Radio & other local radio stations
-Shoebox Studios
-Listening to others music
-watching vlogs about artists
-calling and asking questions to the recording studio
-through other Recording Engineers and Producers
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
-Technology allows people to record off their phones/computers
-copyright lawsuits that limit covers and samples
-Weather. Theres an influx of live performance opportunities in the spring, summer and fall months opposed to the quieter winter months
-Spotifty for Artists
-Apple Music for Artists
-Youtube analytics
-other social media analytics
-online
-all around us by what we hear playing when entering businesses, what people are listening to while driving or working out, what’s on the radio
How big is my target market and where do they live or work?
what’s the difference between total sales volume and # of products sold?
do you know of a site that’s industry related i could use to calculate this information over a consistent basis
-Spotify for artists
-Apple Music for Artists
-Youtube analytics
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
-Online(FB ads, instagram, google ads, sponsored videos on YT)
-traditional (news paper, Radio, TV, billboard)
What are the main modes of marketing?
-Online(FB ads, instagram, google ads, sponsored videos on YT)
-traditional (news paper, Radio, TV, billboard)
How does government regulation affect the industry?
–
How sensitive is the industry to seasons and economic cycles?
The industry is very sensitive to season and economic cycles. During the spring, summer and fall months theres an influx of live performance opportunities and live music events. The winter is definitely a slower season but this could be beneficial cause many artists may be using their extra downtime to write music and want to have it recorded. In the summer months I can reach out to festivals and events about being a vendor and offering my portable recording studio services to the people in attendance.
It’s susceptible to economic cycles as well as we’ve all witnessed the boom of certain music listening devices such as the walkman, tape player, boom box, to todays cell phone or computer. So it’s all about being able to adapt to the economy within its flux and flow.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
-Marketing is key 110%
-Networking is key
-Learning new techniques, staying up to date with the latest trends
-keeping up to date equipment
-versatility is key
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
my industry is a landscaping and tree removal, general contracting.
you can find out almost everything you need on google and there are many courses you can take to learn the best information.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
there are many competitors in my are
you can fond out all the information you need to on google
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
there are no trends that impact my business besides new ways of getting jobs done faster
you can do research on google
How big is my target market and where do they live or work?
my target market is all of Georgina and York region
more information on google
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
i would say online and hand to hand business flyers.
What are the main modes of marketing?
i would say online and hand to hand business flyers.
How does government regulation affect the industry?
the only thing that affects me in having to be 6 feet apart cause sometimes you need to get closer then that to work with your co worker.
How sensitive is the industry to seasons and economic cycles?
vary sensitive you can do this industry in the colder months but you can still hand out advertisment.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
im not really sure
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Art & Entertainment (Art Gallery)
71 – Arts, entertainment and recreation
This sector comprises establishments primarily engaged in operating facilities or providing services to meet the cultural, entertainment and recreational interests of their patrons. These establishments produce, promote or participate in live performances, events or exhibits intended for public viewing; provide the artistic, creative and technical skills necessary for the production of artistic products and live performances; preserve and exhibit objects and sites of historical, cultural or educational interest; and operate facilities or provide services that enable patrons to participate in sports or recreational activities or pursue amusement, hobbies and leisure-time interests.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
-Art Galleries
-Artists
-Independent Art Dealers/Art Consultants
-Big Home Decore stores like Ikea/Walmart, etc. that sell art
online
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
-Online shopping – need to have an online presence for people to buy online or see products before they want to see them in person.
online
How big is my target market and where do they live or work?
-Local: Toronto, household income $80,000+
-Home/condo owners
-Bachelor/University Degree
-Love art/culture
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
online – IG, website, google ads
In-person – shows/events
flyers
What are the main modes of marketing?
online – IG, website, google ads
In-person – shows/events
flyers
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
Very sensitive – high sales summer and Christmas time
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Information and cultural industries
Library, internet
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Nonprofits
Food industry
medical and health professionals
Fitness/lifestyle magazines
Internet
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Diet culture
Pandemic causing eating disorders
Social media impacting kids’ self esteem
Internet
How big is my target market and where do they live or work?
TBD – need more information to answer these questions
Internet
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Mostly social media
What are the main modes of marketing?
Mostly social media
How does government regulation affect the industry?
It doesn’t
How sensitive is the industry to seasons and economic cycles?
Not sensitive
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
NA
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Personal care industry
Research studies, formulating blogs, online articles about the personal care industry.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Lush Beauty
Ethique
Axiology
RM
Their websites
https://www.globalcosmeticsnews.com/
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Sustainability / eco friendly, minimalism, dewy skin, brand transparency, bold colours, natural looking makeup, inclusivity / acceptance of flaws and unique features, influencer marketing, wellness beauty, accessible luxury.
https://www.premiumbeautynews.com/
https://www.cosmeticsbusiness.com/
How big is my target market and where do they live or work?
My target market is young – middle aged professionals who live in Halifax, Nova Scotia and Canada. I will also do research on shipping to the U.S. There
During the second quarter of 2021, Nova Scotia saw the second-highest population gain in the country for interprovincial migration at 4,678 people, behind only British Columbia, according to Statistics Canada.
The three largest age groups for interprovincial migrants were 20-24, 25-29 and 30-34 between the fourth quarters of 2020 and 2021.
Canadapopulation.net predicts that Halifax population will reach 332,105 by end of 2022.The calculation is based on the average growth rate of 0.78% over last 10 years since 2011.
As one new Halifax resident said, “the challenge now is to make significant investments in housing, green transportation and infrastructure to bolster that growth and retain the people who have decided to move here, many of whom place great importance on sustainability.”
It’s a fairly large market, as many people use skincare and makeup, and even more use shampoo and conditioner. However, it is a very saturated market, which makes it even more important to stand out.
https://www.statista.com/statistics/1271009/shoppers-spending-most-on-skin-care-in-the-beauty-sector-united-states/
https://www.voguebusiness.com/beauty/gen-z-changing-beauty
https://www.cbc.ca/news/canada/nova-scotia/population-growth-nova-scotia-one-million-people-1.6292823
https://www.canadapopulation.net/halifax-population/
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Influencer marketing
Social media paid and organic advertising / content marketing
https://www.outbrain.com/blog/digital-marketing-strategies-for-beauty-businesses/
What are the main modes of marketing?
Influencer marketing
Social media paid and organic advertising / content marketing
https://www.outbrain.com/blog/digital-marketing-strategies-for-beauty-businesses/
How does government regulation affect the industry?
1. The government regulates what ingredients you can use.
2. Health Canada can recall products if they become contaminated or are generally unsafe.
3. They require you to have good manufacturing practices / quality control and safety measure in place.
4. They require you to register a cosmetics notification form when you start selling a cosmetics product.
How sensitive is the industry to seasons and economic cycles?
It is sensitive to new trends, less sensitive to seasons. It is sensitive to economic cycles, but skincare is considered a wellness product, so it is still possible to make sales during an economic downturn.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Keeping a well organized inventory and high quality assurance, good customer service and return policy.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Pet Groomers, specifically dog groomer.
On-line
Experience
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Other grooming salons
Pet Food Stores
Dog Walkers/Sitters
Vets
Toy & Treat Box Subscriptions
Grooming Suppliers
Their websites
Publications
Experience
Advertisements
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Doodles and new styles
Covid 19
Local Business Supporters
Environmental Impact
Online
Publications
Experience
How big is my target market and where do they live or work?
395th largest in canada – dog people come from all walks of life.
on-line, Government websites
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social Media, On-line advertising, word-of-mouth/referalls
What are the main modes of marketing?
Social Media, On-line advertising, word-of-mouth/referalls
How does government regulation affect the industry?
Mostly health concerns during pandemic
How sensitive is the industry to seasons and economic cycles?
Not super sensitive, because dogs will always need haircuts.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Not sure
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Spiritual wellness & yoga
Through articles online.
Reddit
Social Media
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Yoga teachers
Spiritual healers
Energy healers
Herbalists
Witches
People who make & sell smudge fans, waistbeads, and other tools
Authors who write about spirituality
Wellness & spiritual coaches
Their websites
Their instagram handles
Their newsletters
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
-People seeking help from spiritual-based products and services (stones and crystals, reiki, sound healing, etc.) to counterbalance the chaos of city life and pandemic uncertainty.
-Selling a lifestyle on social media as opposed to selling products. (Sell the lifestyle first, then introduce the product that goes with it). No comments to win an argument, just to have genuine convos.
-People are going to use their devices less, hence will use social media less. Experts say that if we were to eliminate social media from our lives completely, it would lower the rate of suicides by 10%.
-Industries that offer travel and in-person community opportunities (like events and retreats) will see a drastic increase in interest. I believe the desire for in-person experiences will surge in 2022.
-Search-based advertising will become much more popular among small online businesses. For years, Facebook advertising has been the reigning king, especially for coaches and service providers, but with recent changes in privacy and tracking, ads are not performing like they once did. In 2022, I expect to see a surge in small businesses using Pinterest and Google advertising.
-Email marketing will see a (perhaps, surprising) resurgence in 2022. Many people are experiencing an exhaustion point with social media (especially the written form), and this has a big impact on content marketing. Over the past two years, email open and conversion rates have been improving. While people love to say “email is dead,” it is very much alive and growing. I predict more and more online businesses will increase their usage of two specific types of emails in 2022: automated emails (campaigns sent immediately after and in the following days post-opt-in) and newsletters.
-Likewise, blogging will see unexpected growth in 2022. I believe that more small business owners will actively look for ways to grow their business off of platforms like Facebook and Instagram in 2022. This comes from unpredictability and growing distrust in social media platforms (think, the Facebook and apps outage of October 2021), the prevalence of propaganda and the ensuing battle over social media censorship, and the fact that many small business owners are weighing whether it is prudent to deliver so much content on a platform they don’t own. Add to that, the IOS changes that hit Facebook advertising in 2021 and the expected desire for more search-led advertising and SEO strategies and things are looking good for a 2009-esque throwback marketing strategy like blogging.
-In 2022, business owners want content that can be saved, reused, and that will continue to work for them longer than 24 hours.
-Text message marketing will rise to more mainstream usage in 2022. It’s not unheard of now, but few entrepreneurs are using it so far. This is the next frontier in marketing communication.
-The full-body approach, including mind, body, and soul, digs deeper into the ‘why’ behind it all and leads to making stronger connections between your health and your habits.
– Emphasis on sleep
-personalized holistic treatments: Many people want to avoid generic advice and one-size-fits-all tips. Instead, they seek out sources that offer more personalized experiences where they can learn more about themselves and determine practices that benefit their own holistic healing.
-Mental health gyms/community: In 2022, mental health will become more community-based and social as people lean into programs that help them stay motivated and accountable to their health goals. People will be looking for more programs that give them a sense of community, like Peloton but for their emotional well-being, and mental health gyms are going to surge.
-“With the above trends in mind, companies are considering how to play across the health and wellness categories and channels. It’s critical to identify the areas where consumers are open to giving these companies permission to extend their brands.
A majority of consumers report that they don’t want a single solution or brand to help them with all facets of wellness, suggesting that targeted extensions are a more effective approach for companies.
Potential strategy for companies. Assess M&A opportunities to gain entry into more categories within the wellness ecosystem. With this approach, it is important to ensure that any acquisition has a clear strategic rationale and makes sense in view of the acquirer’s existing equity, skill set, and capabilities. If those pieces are in place, we find that a well-defined and executed programmatic M&A strategy can help build resiliency and yield excess returns to shareholders over time.
Lululemon’s acquisition of Mirror, for example, gave it a digital offering to supplement its core fitness-apparel business. It has also experimented with nutrition, mindfulness, and fitness offerings in stores through studios and community-based classes. These moves seem to align with the company’s brand messaging. Meanwhile, other mindfulness and fitness apps have expanded into “sleepcasts” or moved into personalized health coaching and disease management to promote better health outcomes.”
-Digital mental health programs
-customer loyalty
https://www.timeout.com/things-to-do/how-gen-zs-obsession-with-crystals-and-spirituality-will-influence-city-life-in-2022
-https://www.thespiritdigital.com/thesocialbutterflyblog/5-social-media-trends-to-look-out-for-in-2022
-https://www.womenofwoo.com/business/2022-business-forecast-a-spiritual-take/
-https://thethirty.whowhatwear.com/wellness-trends-2022/slide4
How big is my target market and where do they live or work?
The yoga industry is worth over $88bn worldwide and expected to reach $215bn by 2025.
In a survey of roughly 7,500 consumers in six countries, 79 percent of the respondents said they believe that wellness is important, and 42 percent consider it a top priority.
We estimate the global wellness market at more than $1.5 trillion, with annual growth of 5 to 10 percent.
Amid the COVID-19 pandemic, many companies that make or sell health-related products have experienced unprecedented spikes in demand. Consumer demand will remain high even after COVID-19 subsides, predicts Scott Melville, a 30-year veteran of the healthcare industry
Apparel – the yoga clothing market is worth $31.3bn globally and expected to grow at around 6% CAGR.
Equipment – the yoga mat industry generates $13bn worldwide and continues to grow.
Tourism – the wellness tourism market, which includes yoga retreats, is projected to reach $919 billion by 2022.
According to research by the Yoga Alliance, a typical yogi will spend $62,640 on classes, workshops, and accessories over their lifetime. This equates to about $90 per month, almost half of which is just on classes.
-70% consumers spent on wellness products and 30% spent wellness services.
Yoga Industry Growth, Market, Trends & Analysis 2024
https://www.mckinsey.com/industries/consumer-packaged-goods/our-insights/feeling-good-the-future-of-the-1-5-trillion-wellness-market
https://www.mckinsey.com/industries/consumer-packaged-goods/our-insights/looking-ahead-in-us-consumer-health-an-interview-with-scott-melville
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media
Email marketing
SEO google ads
Youtube channels
What are the main modes of marketing?
Social media
Email marketing
SEO google ads
Youtube channels
How does government regulation affect the industry?
Covid lockdowns prevent yoga studios from staying open and making profit. They charge less for online classes, and pay their yoga teachers even less than before (can be from 10 dollars and up).
How sensitive is the industry to seasons and economic cycles?
The industry does well in January, probably due to new year’s resolutions. Also, in June, probably due to International Yoga Day.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
N/a
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
The recording industry
By typing the recording industry on google it should show the Wikipedia on the recording industry
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Independent artists, other music stores, other music studios, music shops, and performances
Online
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Independent artist, music stores and shops, and producers
Online
How big is my target market and where do they live or work?
My target market is very wide and they are all world wide
Online
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Demos of your songs to show other artists, build a fan base, be consistent with promoting you music, know how to do multiple things relatable, and always go above and beyond from what you just accomplished.
What are the main modes of marketing?
Demos of your songs to show other artists, build a fan base, be consistent with promoting you music, know how to do multiple things relatable, and always go above and beyond from what you just accomplished.
How does government regulation affect the industry?
Copy write laws
How sensitive is the industry to seasons and economic cycles?
Not to sensitive, only the winter or rain can affect outdoor performances, or shoots for music videos. But Besides that, everything is indoors.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Royalties, copy write, contract agreements, cut percentages, and credits
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Service/non-profit: Building Youth Success
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Other non-profit volunteering organizations and businesses, such as Volunteer Peel, and Volunteer MBC
Social Media
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Advancing technology and constantly changing social media.
Governmental regulations towards non-profit funding.
Constantly changing society and new needs-based concerns.
News.
How big is my target market and where do they live or work?
They go to school every day, and it’s a fairly large market considering it’s all 12-24 year old youth.
Schools.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Digital marketing, direct marketing, public relations and sales promotion.
What are the main modes of marketing?
Digital marketing, direct marketing, public relations and sales promotion.
How does government regulation affect the industry?
They may cut funding, or increase funding for programs/start-ups like mine.
How sensitive is the industry to seasons and economic cycles?
Not very sensitive.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Outreach statistics.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Art
Art Fuel with Anona Kosmack
artfuel.ca
all socials: anona_artfuel
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Art supplie stores for sponsorship
Home stagers
Galleries
Community leaders
Other artists
Local stores
Realtor group and business meet ups
Visiting galleries
Connecting through social media
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
fanart
abstracts
political impact art
galleries and artists collectives
How big is my target market and where do they live or work?
My target audience is mid-size. They work in non-profit or have leaning towards community projects.
I can reach out to other partners within the community
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media, gallery presence and word of mouth
What are the main modes of marketing?
Social media, gallery presence and word of mouth
How does government regulation affect the industry?
It might affect shipping routes and the kind of art that will do well. Some people like when artists take a politcal stance and flavour to their work. I can’t really be neutral in the kind of art I make. I don’t want to do pet portraits and flowers.
How sensitive is the industry to seasons and economic cycles?
It changes a lot. Everytime a new social media comes out the game changes. There is a lot of debate in the industry right now regarding the creation of NFTs.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Key industry leaders are those who are setting the trends. So pantones coloud of the year. A lot of fashion iconography can influence what art is appealing. Also, the way it aligns with the cultural values is key.
Profit margins shift a lot when we consider the types of art that are easy to ship. Large piece I would likely onlybe able to sell locally as shipping large pieces is cumbersome and the risk that they are damaged is high.
The cost I have incurred in getting materials and time going into the pieces is an important consideration. My hand also does get tired and there’s a risk of repetitive stress injuries.
I have shifted a lot to online art as I imagine it is easier to get to clients. Hwoever, the learning curve in file sizes and best mechanisms to share has been a reoocruing challenge.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Retail
Malls,
Markets
Social Media
Influencers
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Ten Tree
TOMS
Malls
Online
Social Media
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Veganism
Environmental Activism
Social Media, News
How big is my target market and where do they live or work?
Large 20-38
Live rural and in the city, students, or people who work in Human Resources, healthcare, non profits
going to rally’s, protests, activist meetings
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social Media
What are the main modes of marketing?
Social Media
How does government regulation affect the industry?
Tac Regulation change what revenue comes in and the customers likelihood to buy.
How sensitive is the industry to seasons and economic cycles?
Clothing is always needed no matter what.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Profit margins cost of clothing/ manufacturing + cost of shipping
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Naturall you
Black Girls Defined
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
shea moisture
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Toronto
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social Media
Flyer
Myself
What are the main modes of marketing?
Social Media
Flyer
Myself
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
Winter- protective styles
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
i am in the vending machine business with a current focus on biodegradable medical masks and PPE products eventually we hope to provide laundry machines for buildings vending snacks and an array of other vendable products.
e.g. cupcake machines for party rentals
Online, there is a lot of research on the medical mask market as well as how it affects our environment , the local business centre is also a good resource and can help do research for both the mask and the vending market.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
a major player in the market is POD protection on demand they offer a larger range of products through a larger machine and to my knowledge they do not offer the same pay structure for businesses that i do .(info gathered through an email posing as a brick and mortar business)
Online, google, linked in, facebook , etc… aswell as the local women’s business centre can help me do research
the library website has an array of market research links and can find many completed business surveys to help get info
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Covid 19 is a main impactor of my business and due to this disease the need for my product will only rise.
the mask mandate was a major player though now has been lifted, there is still high demand for my product
online on the news at the library or again at the local women’s business centre, the library has lots of links one of which os to CFIB which has lots of current business surveys to help gain market a bunch of which are covid related
How big is my target market and where do they live or work?
i intend to start small but potentially i would love to see my machines in airports, TTC stations, Train stations, Go stations etc
right now my target market would live and work in the GTA but that will only grow.
i target high traffic businesses like mini strip malls and local fast food restaurants swell as superstores and centres
online, the library, government websites, local business centre, CFIB
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Online ads, Social media, TV movies photos etc
What are the main modes of marketing?
Online ads, Social media, TV movies photos etc
How does government regulation affect the industry?
current regulations encourage my industry by making it mandatory to wear masks
How sensitive is the industry to seasons and economic cycles?
the industry is sensitive as the masks are predicated on people being concerned for their health, optimally at some point people would no longer need masks at which point our machines are versatile and can switch to wipes and other products (feminine hygiene) etc
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
The concern regarding the spread of the covid-19 is expected to boost the market demand the surge in demand for protective face mask has led to stop started in some countries wearing these masks to fight covid-19 has been mandated by the government WHIO has prescribed n95 respirators are there more effective in controlling the virus spread n95 respirators have the highest degree of covid-19 in section protection followed by surgical grade masks covid-19 pandemic promotes an immense rise in demand for medical face mask from both General and medical professionals as it can be prevented from spreading wearing a facemask stops a high percentage of the respiratory system from getting into the body in 2020 1.6 billion disposable medical face masks entered our oceans
thought the market will decrease with the lift of the mask mandate masks are still expected to be a prominent part of life until 2027/2028.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Natural Hair Care
Library, Google, YouTube
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Hair Dresser
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
damage processed hair barbers hairdresser
How big is my target market and where do they live or work?
1,000
In Canada
Facebook
Google
YouTube
Ingram
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Facebook
Instagram
Kijiji
What are the main modes of marketing?
Facebook
Instagram
Kijiji
How does government regulation affect the industry?
I don’t have one
How sensitive is the industry to seasons and economic cycles?
3
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Get it in to Store and beauty parlors, barber shops.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
541 – Professional, scientific and technical services
https://www23.statcan.gc.ca/imdb/p3VD.pl?Function=getVD&TVD=1181553&CVD=1181554&CPV=54&CST=01012017&CLV=1&MLV=5&D=1
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Hospitals
Research Projects in Implementation Science and Recovery
Ontario Health Teams
Housing Organizations
Integrated Youth Service Hubs Networks (ie.Frayme, Access Open Minds, Youth Wellness Hubs Ontario,
Respective websites
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Increase/decrease of government funding for projects and research.
Worsening of the current housing crisis in Canada and decrease in affordability.
Continuous attention and consideration of mental health and addictions at a provincial and federal level as a priority.
https://www.camh.ca/en/camh-news-and-stories/according-equitable-funding-for-mental-healthcare
Twitter accounts and websites of relevant players.
How big is my target market and where do they live or work?
They live around Canada. Primarily in Ontario with potential to expand to atlantic and BC.
Respective websites.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social Media and word of mouth. Attending conferences.
What are the main modes of marketing?
Social Media and word of mouth. Attending conferences.
How does government regulation affect the industry?
There is well established regulation regarding carrying out publicly funded academic research or programs at service organizations but not really sure of any regulation regarding knowledge translation.
How sensitive is the industry to seasons and economic cycles?
Seasons don’t matter as much as economic cycles, primarily when new grant applications are opened or closed or when a large donation is secured to expand services.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
– Official NAICS website (North American Industry Classification system): 812990 – All Other Personal Services
– Health & Wellness Industry -> Life Coaching
– Can search online for more information about the Life Coaching industry. It’s a relatively new industry that’s been gaining more traction in the past 5 years, becoming more popular in the states but still relatively unknown in Canada
– **Health Coaching for Patients w/ Chronic Illness: https://www.aafp.org/fpm/2010/0900/p24.html
Market stats on Life Coaching Industry (reference for biz plan) https://coachfoundation.com/blog/life-coaching-statistics/#chapter1
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
– Other Life & Business Coaches
– Psychologists/Therapists/LSW
– Other Life & Business Coaches: I can search FB groups for entrepreneurs which often have life coaches
– Other Life & Business Coaches/Competition: Google search for chronic illness life coaches https://www.illuminateu.ca/wholelifecoaching , https://sarahwellslifecoach.com/chronic-illness-mindset-coaching/, “12 best chronic illness coach websites” Listicle https://confinedtosuccess.com/chronic-illness-coach/ , https://www.chronicillnesscoach.com/
– Psychologists/Therapists/LSW: Psychology Today searching for those who specialize in chronic illness https://www.psychologytoday.com/ca/therapists/chronic-illness/ab/edmonton
– Check Through Other Chronic Illness Coaches and see where they were “Featured On”. These might be opportunities for you to get featured on the same or similar podcasts & blogs like on: https://thechronicillnesscoach.co/
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
End the Stigma” movement to take away the stigma from mental illness. Gen Z has taken a new stance with being very open & honest about their mental health where just 10 years ago mental health was still a taboo topic.
– Covid has put a pause to lots of pending surgeries or treatments that aren’t deemed urgent or life threatening. https://www.cdc.gov/pcd/issues/2021/21_0086.htm
Current Rise in Chronic Illness & Multimorbidity (multiple chronic conditions in 1 person): https://www.cmaj.ca/content/193/8/E270 , https://www.pwc.com/gx/en/industries/healthcare/emerging-trends-pwc-healthcare/chronic-diseases.html
– End the Stigma Movmement:
– Covid’s Impact on chronic Illness: https://www.cdc.gov/pcd/issues/2021/21_0086.htm
Current Rise in Chronic Illness: https://www.pwc.com/gx/en/industries/healthcare/emerging-trends-pwc-healthcare/chronic-diseases.html
How big is my target market and where do they live or work?
– 11% increase in chronic illness in Ontario over the past 10 years https://www.cmaj.ca/content/193/8/E270#:~:text=RESULTS%3A%20The%20number%20of%20patients,increased%2012.2%25%20to%206.5%20million.
– 44% of adults 20+ have at least 1 of 10 chronic conditions in Canada https://www.canada.ca/en/public-health/services/chronic-diseases/prevalence-canadian-adults-infographic-2019.html
– approximately 133 million Americans, representing more than 40% of the total population https://nationalhealthcouncil.org/wp-content/uploads/2019/12/NHC_Files/Pdf_Files/AboutChronicDisease.pdf
– 11% increase in chronic illness in Ontario over the past 10 years https://www.cmaj.ca/content/193/8/E270#:~:text=RESULTS%3A%20The%20number%20of%20patients,increased%2012.2%25%20to%206.5%20million.
– 44% of adults 20+ have at least 1 of 10 chronic conditions in Canada https://www.canada.ca/en/public-health/services/chronic-diseases/prevalence-canadian-adults-infographic-2019.html
– approximately 133 million Americans, representing more than 40% of the total population https://nationalhealthcouncil.org/wp-content/uploads/2019/12/NHC_Files/Pdf_Files/AboutChronicDisease.pdf
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
– Mostly online, social media marketing & digital marketing
What are the main modes of marketing?
– Mostly online, social media marketing & digital marketing
How does government regulation affect the industry?
– Have to ensure GDPR compliant in advertising/ data collection for EU customers
How sensitive is the industry to seasons and economic cycles?
Demand goes up end of December beginning of January as people are in “new year new me” mode, however, disposable income might be
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Disposable income of those with chronic illness
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Food service focused on delivering food experiences
Online
Delivery platforms
Ghost kitchen operators
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Potential players to consider are restaurant brands entering this industry with successful menu concepts looking to branch out while keeping. Additionally, there are “ghost kitchen” brands that partner with several food brands to cater to a wide variety of target audiences.
Web
field research
live examples (from different regions)
successful restaurant brands in the industry
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
There is an increased demand for delivery and takeout food due to the increasingly active and busy lifestyles of the average individuals living in Toronto.
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Agriculture/Ranching/Farming.
online, at the local library, talking with the community.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Safe Haven Ranch, Serenity Acres Family Ranch, Spirit Reins Ranch, Memento Farm, Rocky Hollow Ranch, Sambea Farm
Online, postings in stores, referrals
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Development industry, Pandemics, change in government regulations, Overhead Costs,
News, Online, Partners
How big is my target market and where do they live or work?
Target market lives in city, suburbs, rural areas.
through advertising? online.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Website, social media, partnering, contuses, giveaways, outreach, networking events, flyers.
What are the main modes of marketing?
Website, social media, partnering, contuses, giveaways, outreach, networking events, flyers.
How does government regulation affect the industry?
It affects the industry in regards to Space needed, adjustment the the facility, rules and guidelines to follow change, result a change in income.
How sensitive is the industry to seasons and economic cycles?
season changes could cause some restraining but there are still ways to make an income during the slow seasons by adjusting what we off slightly to fit the season e are in.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
the value in our currency, the stock trade, possible staffing, insurance, ect.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
wellness? health? (kind of “overall health” maybe) (self-help is a kind of health I guess)
websites, articles and publications, media (trends), individuals, library (self-help/improvement section, wellness section, psychology section, child raising section, career choice section, post-secondary choice section, relationships section, hobbies and values sections), statistics (health, employee satisfaction, career satisfaction)
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
coaches, self-help books, BetterUp, career development sites, continuing education programs, holistic wellness centers, The Career Foundation, self-help courses on course sites, self-help books
talk to other coaches, sign up for a few self dev platforms to check them out, read blogs/sites like Thrive Global, read some self-help books and watch the courses available
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
covid lead to mental health epidemic, covid lead to the great resignation & reshuffle & sabbatical, self-care, wellness, movements and trends to do what you love/are passionate about, Gen Z entering the workforce but being very individualized, gig economy, sustainability, environmental protection (values-based), mental health slowly lowering stigma, survival needs are met now people want MORE, boredom filling entertainment like Netflix, meditation, now the potential greater war and it’s current trickling effects like higher fuel prices (which means higher food -necessity- prices)
watch the news a little, read up on mental health trends and covid’s effects on mental health, LinkedIn and blogs about life/career changes, blogs and social media about tiktok and Gen Z, news about the gig economy, googling stats about how people spend their time and their new year’s resolutions and how often people pay for convenience & self-improvement, talking to (politically) informed friends
How big is my target market and where do they live or work?
Market of self-developers is skewed female, 20s-30s, in cities and big towns in EU and NA, often work a 9 to 5 job and sometimes have a side hustle, are relatively well-educated (college+), want to be healthier, want to have a happier/more enriching life
googling stats on self-developers & Millenial women & gen z women, googling stats on TikTok trends in women and self-dev, talking to some people in groups like on Reddit or Facebook (???) – actually, ask Kalea where young people have groups online (discord?), engage on LinkedIn and Instagram and TikTok, check out profiles of (certain) IG influencers, engage in the comments on YT videos about self-dev topics
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
YouTube, Facebook, Instagram, maybe TikTok
What are the main modes of marketing?
YouTube, Facebook, Instagram, maybe TikTok
How does government regulation affect the industry?
just covering your ass about not giving medical or financial advice, no particular regulations
How sensitive is the industry to seasons and economic cycles?
seasons: new year’s resolutions will help
economic cycles: in depressions, people will spend less on “frivolous” or “unnecessary” spending so that affects the industry
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
women are more likely to look for ways to improve themselves due to the societal approach towards gender which holds men to a lower standard. the typical demographic for a self-guided self-help consumer is a female millennial living in the US or Europe. https://askwonder.com/research/self-guided-personal-development-044khg2kc
millennial women are most focused on price and quality. They will splurge, but only if they believe they are getting “a great deal.”
Most self-guided personal development programs/workshops are offered in the form of courses on top education platforms. The classes are free of charge, save the inclusion of verified certificates that require payment (ranging from $20 to $300). Nonetheless, the cost of popular programs ranges from $20 to $538.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Online Education – Online Courses
https://www.gminsights.com/industry-analysis/elearning-market-size#:~:text=E%2DLearning%20Market%20size%20surpassed,will%20drive%20the%20market%20growth.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Udemy, Linkedin Learning, MasterClass,
“
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Covid has people staying home more
Covid has many people reconsidering their careers
“
How big is my target market and where do they live or work?
I have not been able to find number on customers, but 35% of the 200b industry is in north America, with a significant demand of courses on English internationally
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Webinars
Podcast
Social Media
Online Ads
Sales Page
Email List
What are the main modes of marketing?
Webinars
Podcast
Social Media
Online Ads
Sales Page
Email List
How does government regulation affect the industry?
Hardly
How sensitive is the industry to seasons and economic cycles?
More sales in winter when people are stuck at home
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Entertainment/Art
Online, markets
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Other artists in pyrography, other physical artists, instructors
Online – art stores
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Lumber and forestry
Environmental impacts
News, economy
How big is my target market and where do they live or work?
Worldwide, local
Online, local markets
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Online
In person
What are the main modes of marketing?
Online
In person
How does government regulation affect the industry?
Little to no regulation – very subjective
How sensitive is the industry to seasons and economic cycles?
Can be effected by industry changes to lumber and forestry – environmental
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Supplies costs – Net profits
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Shinejewel jewelry
I can search about what jewelries do women wear in Canada. I can do this in some websites and going to some jewelry shops.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
NomiDesign jewelries, JJ Caprices jewelries, Boutiqueottoman jewelries.
I can search about them in their websites online.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
all online jewelry sellers can impact my industry. Also all jewelry shops. Mostly, Turkish jewelry sellers more effect my business and industy.
I will search about them online.
How big is my target market and where do they live or work?
My target market is all women. They live in everywhere.
I will search some people via internet and I will try to inform them about my products.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
I do not have any customer yet, so I can not say anything.
What are the main modes of marketing?
I do not have any customer yet, so I can not say anything.
How does government regulation affect the industry?
Nothing yet.
How sensitive is the industry to seasons and economic cycles?
—
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
—
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
hw
hw
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
hw
hw
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
hw
hw
How big is my target market and where do they live or work?
hw
hw
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Men’s and boys’ cut and sew clothing manufacturing
31522 – Look up this number on NAICS
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Nike, Underarmour, Reebok, Adidas, New Balance, various Chinese and other foreign manufacturers.
A simple Google search, or searching for “Men’s Tanktops” on Amazon.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
According to Statista.com, about 20% of American men are physically active. Given that there are roughly 330 Million Americans, and half would be men/boys, that leaves us with 165 Million men. 1/5 of those are active, leaving us with 33,000,000 active men/boys. If half of that population was willing to workout in a tank top, that leaves us with a maximum potential market of 16.5 Million people.
https://www.statista.com/topics/1749/physical-activity/#dossierKeyfigures
330/2=165
0.2×165= 33,000,000
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Bakery Business – Food and Bakery Catering Industry
On Google.ca
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
N/A
N/A
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Sales, Customer Service, Catering etc.
Internet, Google.ca
How big is my target market and where do they live or work?
4/5 – Food and Bakery Catering Industry
Google.ca
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Word of mouth, Google, Internet, Facebook, Instagram, Pinterest etc.
What are the main modes of marketing?
Word of mouth, Google, Internet, Facebook, Instagram, Pinterest etc.
How does government regulation affect the industry?
Fund for the industry to run.
How sensitive is the industry to seasons and economic cycles?
Always changing. The economic cycle changes as the seasons change.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Other key measures in the industry are : Catering, Delivering, Selling etc.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Lifestyle
Online, Library
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Goop
Poosh
Online on their website
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Blogging, lifestyle, trends that involve beauty and women
online articles on lifestyle websites
How big is my target market and where do they live or work?
My target market is big and works for many women who are in school or working
online and by real data
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
social media marketing
What are the main modes of marketing?
social media marketing
How does government regulation affect the industry?
not much regulation due to it being website
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
beauty
online
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
beauty influencers
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
beauty trends
online
How big is my target market and where do they live or work?
lives retail
online
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Wedding industry
Wedding planners, social media, online statistics
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
other henna artists
direct inquiry, maybe some online metrics can be found but not likely since it is an independent artist medium
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
economy, society
stats canada for economy, social media/online articles/magazines for society
How big is my target market and where do they live or work?
my target market is quite big (south asian women), and they live anywhere (first focusing on GTA as it is south asian dense), and they work in all fields
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Instagram, Tik Tok, Must Be Kismet (Indian wedding forum), partnering with other artists/influencers
What are the main modes of marketing?
Instagram, Tik Tok, Must Be Kismet (Indian wedding forum), partnering with other artists/influencers
How does government regulation affect the industry?
during Covid-19, lockdowns and regulations dramatically reduced weddings/wedding spending
How sensitive is the industry to seasons and economic cycles?
wedding season peaks in spring/summer, so more sales then, but fall and winter has lots of cultural festivals so there’s still some way to have sales. slow economy could mean less sales as smaller weddings are happening, but it’s not too much of a concern as henna as integral during the wedding
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
711310 Promoters of Performing Arts, Sports, and Similar Events with Facilities
NAICS
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Heritage, trade shows, blogs, promoters of events
Online, library,NAICS, etc
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Accessibility needs, gas prices, racism, cultural appropriation
Social media, news outlets, papers.
How big is my target market and where do they live or work?
Youth to mature artists in Toronto.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media
What are the main modes of marketing?
Social media
How does government regulation affect the industry?
With Covid shit downs, events and food services have been impacted.
How sensitive is the industry to seasons and economic cycles?
Canada having summers for only 3 months makes everyone a home body, with the addition of covid a lot of people have realized importance of gatherings, events, wellness so there’s more demand and awareness for the house of art’s services & products.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Not sure.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Retail Trade
Naics
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Fast fashion brands like SHEIN, Fashion nova, H&M, Forever21, etc..; Grocery stores, thrift stores, etsy,
diretly on their websites, statistics canada, public directory of business assets and tax info, social media,
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Sales trends by gender, social awareness (diamonds and mining),
online resources
How big is my target market and where do they live or work?
approx 3.5m women from age 20-34
statistics canada
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
Trends within the target demographic indicate steady year-round business with potential for additional sales during holiday seasons with appropriate marketing adjustments.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
testing
testing -online
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
competition
competition online
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
testing
testing
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
testing
What are the main modes of marketing?
testing
How does government regulation affect the industry?
testing
How sensitive is the industry to seasons and economic cycles?
testing
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
testing
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Apparel
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
S – care for human and environmental well-being
T – recycling technology improving
E –
E – reduction in environmental waste
P – fair labor and human welfare
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
gluten free, vegan, healthy food
research reputable companies, gluten free and vegan online forums, youtube vidoes
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
burners bakeshop, vegan Danish bakery,
by visiting them
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
inflation, season
news, forums, youtube
How big is my target market and where do they live or work?
rising prevalence of diseases occurring owing to unhealthy lifestyles, increased awareness regarding healthy diets, and prevention of health disorders, such as heart diseases and diabetes
google, beyondceliac.org,
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
supermarket stores, convivence stores, specialty stores, online
What are the main modes of marketing?
supermarket stores, convivence stores, specialty stores, online
How does government regulation affect the industry?
CFIA – if gluten free then has to contain less then 20ppm of gluten, no cross contamination or you have to label products are made in a facility where gluten is present
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Painting – Construction
Workshops, online, local painting supply stores
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Every painting company in winnipeg and a few jack of all trades companies
their websites and reviews
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
economic down turn – inflation, and recovering from jobloss due to covid 19
How big is my target market and where do they live or work?
rather large 40-60% of estimated of general population over 25 years. Above minimum wage jobs in the middle to upper class neighbor hoods.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
word of mouth and advertisement
What are the main modes of marketing?
word of mouth and advertisement
How does government regulation affect the industry?
gst+pst on sales and safety regulations
How sensitive is the industry to seasons and economic cycles?
very
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Designer: Q
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
thyck skynn
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
none
maybe enviorment
How big is my target market and where do they live or work?
Toronto/Canada & United States.
none right now
google, instagram/social media
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Celebrity/Influencers
What are the main modes of marketing?
Celebrity/Influencers
How does government regulation affect the industry?
Laws that regulate competition
&
Laws designed to protect consumers
How sensitive is the industry to seasons and economic cycles?
Somewhat sensitive
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
30-200 billion sales
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Childcare/spa
Online and I have a background in esthetics
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Online
Courses
Seminars
Word or mouth
How big is my target market and where do they live or work?
Mom’s
Prenatal
Research demographics
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Holistic/wellness treatment
Spirituality
Online resources
Calling clinics or studios
Asking myself
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Estate of Health
Markets, holiday events, by getting services at competitor’s businesses
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
The trend is increasing and the industry is on the raise – it is now a $2 billion industry in Canada alone.
Researching online.
How big is my target market and where do they live or work?
Windsor & Essex County – approx 30,000-50,000 women aged 19-60
The census
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Etsy, Instagram, Facebook and website
Google ad & Youtube ads
Podcasts
Blogs
Email blasts
What are the main modes of marketing?
Etsy, Instagram, Facebook and website
Google ad & Youtube ads
Podcasts
Blogs
Email blasts
How does government regulation affect the industry?
None at this time
How sensitive is the industry to seasons and economic cycles?
Not very – steady industry
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Profit margins – close to 60-80% on services and 20-30% on jewelry products/divination tools
No sales commissions
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Retail / Ecommerce
Google , Business Resource Center and other government provided materials
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
HRP , Princess Auto , Store a Hitch
Google Searches , Better business bearau , Customers of these companies
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Not many trends effecting this industry currently other than the possibility of a recession
Statistics canada , Librarys
How big is my target market and where do they live or work?
My target market is very big. Typically our customers can come from all different regions and workplaces but our main regions would be rural areas as more people will own trucks and trailers
Statistics canada
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Online , Social Media , Market related events and shows
What are the main modes of marketing?
Online , Social Media , Market related events and shows
How does government regulation affect the industry?
The government effects my industry by pushing people against owning trucks due to pollution. This put an effect on me because my target market would be truck owners.
How sensitive is the industry to seasons and economic cycles?
During winter our industry can slow down as not as many people are using trailers for recreational use and some commercial companies cant operate in the winter. By focusing our marketing towards southern states in the winter season we can help offset the drop in sales to make it through this season. Economic cycles can put an effect on this business and it is really a non essential item so if a recession happens it would slow sales due to alot of potential customers not having the extra money to spend.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Other key measures are being able to have a good profit margin on any products we sell. To be profitable we need to make sure that we have a healthy profit margin for our products and also need to keep in mind that any potential retailers and distributors will also require this when purchasing our products.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Recyclable commodities (Repurposing)
International Trade (Import/Export/Shipping)
Cangem Training
Linkedin
International Trade Council
CEPI
Google
Recycling Today / International
Recycle.net
ISRI
National Paper Trade Association (NPTA)
American Forest and Paper Association
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Tradex Global – https://tradexglobalusa.com/
Royce Corporation
Steelbro
Alter Trading Corporation
Polylink Global
DJJ
Triple M – Potential Partners
AIM – Potential Partners
CMC – Potential Partners
CMI – Potential Partners
Allied Metals
All Florida Scrap
United Scrap
Daido International
Schnitzer Steel
Sims Metal
Cliffs – Ferrous & Processing (MI/FL)
ABC Recycling (West Coast)
AIM Int (East Coast)
AMG Resources
Kruger – Montreal, QC – Recycling Today
Recycling Management Resources – Duluth, GA – Recycling Today
Graphic Packaging – Atlanta, GA – Recycling Today / Michigan Economic Development Corp
Green Bay Packaging – Green Bay, WI
Pratt Industries – Conyers, GA – Recycling Today
International Paper – Memphis TN – Recycling Today
Domtar – Montreal, QC / Fort Mill, SC – Recycling Today
West Rock – Atlanta, GA – Recycling Today
Texas Recycling – Dallas, TX – Recycling Today
Cascades – Kingsley Falls, QC – Recycling Today
Paper Excellence – Richmond, BC – Recycling Today
Paper Link International* – Dubai, U.A.E – Recycling Today
Moore & Associates – Atlanta, GA – Recycling Today
Sonoco – Hartsville, SC – Recycling Today
Inland Empire Paper Co – Millwood, WA – Recycling Today
Fibre Trade Inc – Burlingame, CA – Recycling Today
Proshred – Charlotte, NC / Mississauga, ON – Recycling Today
Balcones Resources – Austin, TX – Recycling Today
WEPA – Germany – Recycling Today
Smurfit Kappa – Dublin, IR – Recycling Today
Norske Skog – Oslo Norway / Golbey Fr – Recycling Today
Atlantic – Scarborough ON
Import Genius / Trade Atlas
Recycle Today
Google
Linkedin
Corporate website
National Paper Trade Association (NPTA)
American Forest and Paper AssociationRecycle.net
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Natural disasters
A decline in production due to higher inflation and an economic downturn
Globalization
Supply chain
Companies being acquired
Joint ventures (Glencore)
Acquisitions (Sell company + Book of business)
In-house recycling & trading
Recycling Today
Bloomberg
Reuters
ISRI
Google
National Paper Trade Association (NPTA)
American Forest and Paper AssociationRecycle.net
How big is my target market and where do they live or work?
The global ferrous scrap recycling market size was valued at USD 138.3 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.8% from 2022 to 2030
Old Corrugated Containers Market is Set to Reach a worth of US$ 14.7 Bn in 2022, Notching a CAGR of 4.1% to Cross Revenue of US$ 22 Bn Between Forecast Period of 2022-32 | Future Market Insights, Inc.
OEC World
Globe Newswire
ISRI
Recycling Today (Ferrous)
Recycling Today
Import Genius / Trade Atlas
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
OEC World
Globe Newswire
ISRI
Recycling Today (Ferrous)
Grandview Research
Bloomberg
Reuters
What are the main modes of marketing?
OEC World
Globe Newswire
ISRI
Recycling Today (Ferrous)
Grandview Research
Bloomberg
Reuters
How does government regulation affect the industry?
Supply chain / Lockdowns
Sanctions
How sensitive is the industry to seasons and economic cycles?
Season – Winter is cold, and the peddlers stay away
Economic – Inflation, sanctions, currency devaluation (Pakistan)
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Labour shortages
Supply & demand
Intermediaries & brokers
Ocean Freight / Transportation / Freight-forwarding
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Wellness and Health Industry
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Headspace
BetterHelp
CAMH
Digital Ads
Netflix
Print Media
their websites
Youtube
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Our population has become aware of mental health and wellness and is actively looking for new ways to invest in themselves, engage in self-care, and make their health a priority.
During the pandemic many people made good use of the extra time by developing a new skill, defining an old skill, or finding a new intrest.
Digital Ads
Netflix
Print Media
their websites
Youtube
How big is my target market and where do they live or work?
As of 2021, the global health and wellness market reached a value of USD 1.5 trillion and the industry anticipates a market growth of USD 6.3 Trillion.
Digital Ads
Print Media
their websites
Youtube
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social Media and Youtube. The industry mostly use influencers and professionals to market their brands.
What are the main modes of marketing?
Social Media and Youtube. The industry mostly use influencers and professionals to market their brands.
How does government regulation affect the industry?
Regulations differ province to province , country-to-country.
How sensitive is the industry to seasons and economic cycles?
We anticipate peek seasons in January, February, June, July, September, and December.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Though we encourage people from all walks of life to utilize the support FollowUp provides, we believe our mission will have a meaningful impact on the two groups, which will allow the purpose of our work to resonate with them fluidly.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Apparel
Social Media, Internet Blogs.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
FEAR OF GOD, Kim K, SSense.
Internet
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Women Empowerment. Sustainability.
Internet
How big is my target market and where do they live or work?
18 Million Millennial Women in America.
Total targeting 80 Million millennial women over the globe.
Internet
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Instagram
Pintrest
Tiktok
Youtube shorts
Flyers?
What are the main modes of marketing?
Instagram
Pintrest
Tiktok
Youtube shorts
Flyers?
How does government regulation affect the industry?
Government regulation may cause an increase or decrease in supply costs.
How sensitive is the industry to seasons and economic cycles?
It not at all sensitive to seasons, maybe a bit sensitive to economic cycles however.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Other key measures include targeting the ideal audience and generating content that is convincing.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Gaming, food service, community engagement, entertainment, and art gallery.
Online and in town!
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Boardroom Game Café (Halifax)
T.A.N. Coffee
Gerrish & Grey
“
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
-North American revival of board gaming in the digital age
-Economic downturn
“
How big is my target market and where do they live or work?
WINDSOR, NS POPULATION
Total pop: ~5514
Target dem (15yrs-64yrs): ~3140
Ave age of pop: ~48.1yrs
KINGS POPULATION
Total pop: ~62,914
Target dem (15yrs-64yrs): ~38,985
Ave age of pop: ~44.9yrs
KINGS-HANTS POPULATION
Total pop: ~87,744
Target dem (15yrs-64yrs): ~55,190
Ave age of pop: ~44.5yrs
WEST HANTS POPULATION
Total pop: ~19,509
Target dem (15yrs-64yrs): ~12,000
Ave age of pop: ~45.9yrs
————-
5-9: ~1000
10-14: ~1035
15-19: ~1015
20-24: ~820
25-34: ~1875
35-44: ~2190
45-54: ~2580
55-64: ~3395
65+: ~4810
————–
Single: ~6590
Married or common law ~10,085
PRIVATE HOUSEHOLDS
# persons in private households: ~19,125
Ave household size: 2.3
Couple families: ~5000
Couple families with children: ~2015
Couple families without children: ~2965
One parent families: ~950
Children: ~5000
One-person households: ~2345
Living with other relatives: ~340
Living with non-relatives: ~540
Ave size of families: 2.7
Ave # children in families with children: 1.7
AFTER-TAX INCOME OF INDIVIDUALS 15YRS AND OVER IN PRIVATE HOUSEHOLDS 2020
After-tax income recipients: ~15,720
Without total income: ~590
With employment income: ~10,200
Without employment income: ~6085
Median after-tax income Men: ~$38,000
Median after-tax income Women: ~$28,800
Median after tax income of household: ~$61,200
Households making <70K after-tax: ~4890
Households making 70K+ after-tax: ~3475
AFTER-TAX INCOME OF ECONOMIC FAMILIES IN PRIVATE HOUSEHOLDS: (Group of two or more persons who live in the same dwelling and are related to each other by blood, marriage, common-law union, adoption or a foster relationship).
Median after-tax income of economic families: ~$74,000
Ave size of economic families: 2.8
Median after-tax income of couple-only economic families: ~$67,000
Ave size of couple-only economic families: 2.0
Median after-tax income of couple-with-children economic families: ~$95,000
Ave size of couple-with-children economic families: 3.9
Median after-tax income of one-parent economic families: ~$52,400
Ave size of one-parent economic families: 2.6
AFTER-TAX INCOME OF NON-ECONOMIC FAMILIES IN PRIVATE HOUSEHOLDS:
Median after-tax income of non-economic families: ~$29,800
Units in low income after-tax: 2955
Indigenous pop: ~585
HOUSEHOLD CHARACTEROSTSICS 25% SAMPLE DATA
Owner: ~6660
Renter: ~1715
Suitable housing: ~8165
Not suitable housing: ~210
Spending less than 30% of income on shelter costs: ~6925
Spending 30% or more of income on shelter costs: ~1340
Canadian citizens: ~18,840
Not Canadian citizens: ~280
Immigrants: ~645
Non-permanent residents: ~65
Visible minority pop: ~780
RELIGION
Christian: ~10,325
No religion/Secular: ~8565
Hindu: ~85
Other: ~130
LABOUR FORCE STATUS
Total pop 15yrs+ 25% sample data: ~16,290
Employed: ~8165
Unemployed: ~935
Not in the labour force: ~7190
Participation rate: ~55.9%
Employment rate: ~50.1%
Unemployment rate: ~10.3%
“
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Google business, word of mouth
What are the main modes of marketing?
Google business, word of mouth
How does government regulation affect the industry?
…A lot.
How sensitive is the industry to seasons and economic cycles?
The restaurant business is highly sensitive to a number of things: Location, menu, food quality, customer service, and changing trends.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
-Average wage for foodservice in Canada: $16.21
-The pre-tax profit on average for restaurants is 5%. Need $100 in sales to take $5 to the bank.
-The cost of sales (that is food and beverage that you purchase so as to prepare items to serve) is
35% – 40% of revenues. Salaries, wages and benefits are a similar amount.
-20% of the menu items in a restaurant generate 80% of the revenues.
-Failure rate of restaurants is high.
-Can take many months for a restaurant to become profitable, US survey of over 400
restaurants reported ~18 months to reach profitability.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
4513 – Book stores and news dealers
722512 – Limited-service eating places
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Friction Books
Venus Envy
Bookmark
Agricola Street Books
Trident Booksellers & Cafe
Ramblers
Open Book
King’s Coop Bookstore
7 Bays Cafe & Bouldering
Their websites and social media accounts
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
– growing population in Halifax (and particularly a rotating population of young people and students)
– increase in arts events in Halifax but lack of gvt funding for non-profits
– e books etc
How big is my target market and where do they live or work?
Locally significant; they live and work in Halifax (mostly on the peninsula) and Dartmouth; they go to school at NSCAD, King’s, Dal; they are in the range of 18-60 years old, but primarily between 22-32; they are of all genders; they are artists, creatives, and art workers
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media; website
What are the main modes of marketing?
Social media; website
How does government regulation affect the industry?
The lack of funding for public arts spaces in Halifax creates a demand for third-spaces that focus on promoting the arts; I think this will have a significant positive impact on my business but I also have to keep in mind accessibility
How sensitive is the industry to seasons and economic cycles?
Not particularly sensitive to seasons; sensitive to economic cycles as my business does not provide a necessity and people may be less willing to spend money on books and art during financial hard times.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
NAICS 541800: Advertising, Public Relations, and Related Services
York University content marketing course notes.
HubSpot free course.
Linkedin courses
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Durham Region: Agencies like Sanker, Kleurvision
Nobody targeting non-profits specializing in antipoverty or violence against women, in Durham.
Other independents, for nonprofits, in Toronto.
Durham business directories.
PIC of IABC of Toronto, membership list.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
1. There Will Be a Bigger Focus on Quality Over Quantity
2. Content Marketing Will Become More Data-Led
4. Shoppable Content Will Drive Social Commerce
5. Podcasts Will See a Steady Rise
6. Short-Form Video Will Continue to See Exponential Growth
7. Brands Will Boost Engagement through Interactive Content
8. UGC (user generated content) Will Remain a Key Strategy
Use of influencers
Artificial Intelligence and marketing collaboration
Long-form
More brands will emphasize their values in their marketing content.
Influencer Marketing will remain vital to reaching audiences online.
Funny, trendy, and relatable content is crucial in 2023.
Social media remains the best way to reach Gen Z.
Strategic SEO tactics are a must-have.
Show more, not tell
Use content marketing in internal communications
Content Marketing Association (British)
Hubspot
How big is my target market and where do they live or work?
A few in Durham Region: Luke’s Place, Feed the Need Durham
More in Toronto, Ottawa.
Not actual women’s shelters, but over arching associations, think tanks etc.
United Way directories?
OAITH
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Agencies hire team that offers “all channel” services. That includes video, pod casting, print, social media etc.
Some independents specialize or contract out for services they don’t provide.
What are the main modes of marketing?
Agencies hire team that offers “all channel” services. That includes video, pod casting, print, social media etc.
Some independents specialize or contract out for services they don’t provide.
How does government regulation affect the industry?
See Canadian Marketing Agency and others.
New regulations about TikTok
Regulations about spam, selling consumer personal information, hate speech, collecting personal information, truth of claims
How sensitive is the industry to seasons and economic cycles?
Quite. Nonprofits depend on donations and government grants.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
ROI, bounce rate, likes, dislikes, comments, time on site, conversions, total sales, attendance at events, SEO, donations, number and depth of contacts in community.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Communications Industry
16 possible names. Including Calling my Friend, Callingafriend, Calling-a-Friend and Text-a-Friend to name a few.
I have search and it does not exist.
There are apps such as PEANUT which is group format for stay at home moms. Rentafriend.com is meeting a stranger in person.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Therapy by phone is not equivalent but used by people just to chat.
One needs an referral by a doctor.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Peanut
peanut.com is not a one to one experience for woman that want to discuss topics.
How big is my target market and where do they live or work?
75% of Millennials say they are lonely.
In the UK there are plans for loneliness wariness week from June 12 -16th 2023.
https://mcc.gse.harvard.edu/repo…
February 2021 The global pandemic has deepened an epidemic of loneliness in America. Our report suggests that 36% of all Americans—including 61% of young adults and 51% of mothers with young children—feel “serious loneliness.” Not surprisingly, loneliness appears to have increased substantially since the pandemic
https://www.scienceofpeople.com/loneliness-statistics/
All over the world people are experiencing loneliness. Although coinvent, working from home is a factor. Also those not in the work place at all due to disabilities both physical and mental. Men and Women who are providing childcare for their children are feeling overwhelmed and isolated. Students that are doing studies on line are also feeling lonely.
.
https://www.scienceofpeople.com/loneliness-statistics/
https://mcc.gse.harvard.edu/reports/loneliness-in-america
https://mcc.gse.harvard.edu/reports/loneliness-in-america
Loneliness Statistics: By Country, Demographics & More
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Local News, National News, Social Media, Word of Mouth, Buddy sign up incentive plans.
What are the main modes of marketing?
Local News, National News, Social Media, Word of Mouth, Buddy sign up incentive plans.
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
I expect some drop off during summer between July and August.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Travel restrictions, less social events due to disasters, health concerns.
People having to stay indoors due to poor air quality for example.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
see business plan
see business plan
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
see business plan
see business plan
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
see business plan
see business plan
How big is my target market and where do they live or work?
see business plan
see business plan
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
see business plan
What are the main modes of marketing?
see business plan
How does government regulation affect the industry?
see business plan
How sensitive is the industry to seasons and economic cycles?
see business plan
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
see business plan
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
My indrusty type is online Jobs industry.
I can find it thru vocational sjob support.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Theres the Job search support and Theres financial support . Theres mentors.
In the Agencies that provide support for businesses.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Theres Surveys , interviews
Conduct Personal
Interivews.
Theres Library infos and data analysis.
I can find it thru websites specifically on the types of jobs you aiming for.
How big is my target market and where do they live or work?
My target market is 18 above yrs of age.
Mostly Secondary and Adults.
Thru Market target resources like websites that has infos about the job target.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Advertisments and Logos and online Website Ads market targets.
What are the main modes of marketing?
Advertisments and Logos and online Website Ads market targets.
How does government regulation affect the industry?
The sales of the industry depends on how the government is
directed or maintained by the government.
How sensitive is the industry to seasons and economic cycles?
It depends on the type of job your into to .
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Good and stable business.
Secured and Good flow of customers.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
retail, fashion, jewelry, artisan, local, handmade
google, library, instagram, other small businesses, newspaper?
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
other small jewelry business’s, handmade, retail jewelry (stores in the mall)
internet, the mall, social media, magazines
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Y2k, pearls, shop local, support handmade, economy affected by covid, fashion trends,
internet
How big is my target market and where do they live or work?
86.1 percent of 38, 063,973 handmade jewelry audience on Facebook is women between the ages of 25 and 34. 24.7 % of this is people in administrative services. other factors are people who appreciate customers crafted, handmade jewelry instead of mass produced jewelry that is available to everyone: people looking for unique, people who appreciate the artistry, people who want custom designs, people who want something older repurposed, people looking for a special gift, people who want something durable and lightweight, people who want to support local
the internet, markets,
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
an consistent online presence, maintaining visibility in high traffic stores, attending regular markets, SEO, UGC
What are the main modes of marketing?
an consistent online presence, maintaining visibility in high traffic stores, attending regular markets, SEO, UGC
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
sensitive to recession where significant decline in sales is observed and cost of material increases
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Pet Training Services/Dog Training which falls under:
NAICS- 812910 – Pet care (except veterinary) servicesUS
NOC- 65220 – Pet groomers and animal care workers
https://www23.statcan.gc.ca/imdb/p3VD.pl?CLV=5&CPV=812910&CST=27012022&CVD=1370970&Function=getVD&MLV=5&TVD=1369825
https://ised-isde.canada.ca/app/ixb/cis/performance/rev/81291
https://www23.statcan.gc.ca/imdb/p3VD.pl?CLV=5&CPV=65220&CST=01052021&CVD=1322870&Function=getVD&MLV=5&TVD=1322554
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Best Friends Dog Training
Carol Ark
T&T Dog Unleashed
Ottawa K9 School
Call of the Canine
Walk With Me
Canadian Canine
Bark Busters
Awesome K9
Keshet Kennels
Millenium Dog Sports Center
DOGZ (Carling ave)
Ferghus & Co
Calm & Collected Canine
Kat, Behaviour Tech
Pet Counsellor
The Canine Clubhouse
Paola Hoger + Shake-a-Paw Dog Training
Sunny Dog Training Ottawa
Your Dog’s Best Friend
Petsmart
Facebook
google
Independent sites
https://www.bestinottawa.com/best-dog-training-ottawa/
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Increase in pet ownership
The global Dog Training Services market is expected to grow at a CAGR of 6% from 2018-2030, driven by increased pet ownership, demand for working dogs, awareness of canine behavioral training, and demand for customized services
https://blog.gitnux.com/dog-training-industry-statistics/
How big is my target market and where do they live or work?
58% of canadians are pet owners, of that 25.9% of those are dogs; about 7.2 million dogs which is estimated to increase to 7.6 million by 2025.
Stats canada, primary research etc.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media, Word of mouth, Web advertising, Podcasts, Blogs
What are the main modes of marketing?
Social media, Word of mouth, Web advertising, Podcasts, Blogs
How does government regulation affect the industry?
Right now there isn’t a whole lot of regulation which is allowing a whole lot of players to put up a sign post and enter the field. This is making it hard for pet parents to find qualified trainers that can actually provide a quality service that meets their needs and solves their issues. There are talks about regulations, but at the moment talks have stalled.
How sensitive is the industry to seasons and economic cycles?
The pandemic created a huge financial hit to the training industry in the beginning when in person services were shut down. This created a shift to online content. As the pandemic went on, there was a huge boom in pet ownership which is now driving and increased demand for pet training, especially as we are shifting back to work and more and more in person services are returning.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
339999 – misc manufacture
candle industry
craft industry
Stats Canada
Craft Council of Canada:
Industry associations:
Canadian Crafts Federation
Canadian Clay and Glass Gallery
Market Research Firms ( Euromonitor International, IBISWorld, and MarketResearch.com.)
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Artists and artisans
Craft breweries and distilleries: Collective Arts Brewing, Fairweather Brewing Company, and Nickel Brook Brewing Co.
Craft supply stores: Needlework, James Street Bookseller & Gallery,
Craft fairs and markets: Etsy Made in Canada Market, the Handmade Market, and the Craftadian Artisan Market.
Industry Associations Hamilton Arts Council, the Hamilton Craft Council
Local business directories:
social media / online
industry associations
local media
The government
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
There is a growing trend among consumers in Canada towards natural and sustainable products, including candles.
Increased demand for organic and non-toxic products: The use of pesticides and chemicals in agriculture has been linked to declining honeybee populations, which can impact the availability and price of beeswax.
Growing interest in supporting local and sustainable agriculture: Many consumers are interested in supporting local and sustainable agriculture, including beekeeping.
ncreasing demand for eco-friendly packaging: Packaging is an important consideration for environmentally-conscious consumers, and there is growing demand for eco-friendly packaging options for candles.
Growing interest in wellness and self-care: Consumers are increasingly interested in wellness and self-care, and candles can play a role in promoting relaxation and a sense of calm.
Increased interest in supporting small businesses: There is a growing trend in Canada of consumers seeking out and supporting small businesses, particularly those that are locally-owned and operated.
Growing preference for artisanal and handmade products: Consumers are becoming more interested in products that are artisanal and handmade, as opposed to mass-produced items.
Industry reports and market research
Trade publications and blogs:
Examples of trade publications in Canada include Canadian Gift Guide and Canadian Retailer.
Canadian Gift and Tableware Association Show,
How big is my target market and where do they live or work?
Hamilton has a population of f 781,000,
Hamilton Attract 5.9 Million visitors a year –
investinhamilton.ca
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Online presence:
In-store displays:
Trade shows and events:
Word of mouth:
Influencer marketing:
Wholesale and distribution
What are the main modes of marketing?
Online presence:
In-store displays:
Trade shows and events:
Word of mouth:
Influencer marketing:
Wholesale and distribution
How does government regulation affect the industry?
taxation
safety
environmental
import/ export
intellectual property
How sensitive is the industry to seasons and economic cycles?
The economic cycle of the candle industry in Canada can be affected by factors such as changes in consumer spending, the level of competition in the market, and the availability and cost of raw materials.
Holiday season: The holiday season, including Christmas and other winter holidays, is typically a peak time for candle sales. Consumers often use candles for decoration, gift-giving, and creating a cozy atmosphere during the colder months.
Summer season: The summer season is also an important time for the candle industry in Canada. Consumers often use candles to create a relaxing atmosphere during outdoor activities such as barbecues, camping trips, and picnics.
Valentine’s Day: Valentine’s Day is another important holiday for the candle industry. Candles can be used to create a romantic atmosphere for couples on this holiday.
Spring season: The spring season is a time when many people engage in spring cleaning and home decoration. Candles can be used to freshen up the home and add a decorative touch to living spaces.
Fall season: The fall season is another important time for the candle industry in Canada. Consumers often use candles to create a cozy atmosphere during the cooler months, and candles with scents such as pumpkin spice and apple cider are popular during this time.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
market share
average selling price
customer satisfaction
environmental sustainability
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Accounting, tax preparation, bookkeeping and payroll services
https://www23.statcan.gc.ca/imdb/p3VD.pl?Function=getVD&TVD=307532&CVD=307535&CPV=5412&CST=01012017&CLV=1&MLV=5
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Accountants
CPAs
Non-accountants
There is no regulation in Canada or the United States in terms of who can become a bookkeeper. Literally anyone can do it
Googled bookkeeping near me (Toronto) and I did some research to see who is offering the research and what credentials they have. I also went to their Linked In to get an overview of their education and work experience.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
1. Wider adoption of cloud-based accounting software
2. Move toward automation and artificial intelligence
3. Remote Workforce
4. Over 50% of bookkeepers are baby boomers. They will be retiring soon so there will be loads of positions opening up. Companies will be looking to hire younger employees.
5. E-commerce bookkeeping (older generation don’t know what about this)
6. Focus on Sustainability and ESG
7. Cybersecurity and Data Protection
8. Advisory Services (As technology continues to automate routine accounting tasks, accountants will need to shift their focus towards providing advisory services to clients)
https://www.linkedin.com/pulse/accounting-trends-watch-2023-devesh-jain/
https://www.linkedin.com/pulse/trends-bookkeeping-jobs-2023-crystal-voxx/
https://www.netsuite.com/portal/resource/articles/accounting/accounting-trends.shtml#:~:text=How%20is%20the%20accounting%20industry,toward%20automation%20and%20artificial%20intelligence.
Great article to help with ESG: https://bookkeepers.com/green-accounting-bookkeeping/#:~:text=Using%20recycled%20resources%20is%20also,opt%20for%20recyclable%20office%20supplies.
How big is my target market and where do they live or work?
Target market is small business owners across Canada
Also Canadian e-commerce seller
Google, yelp, social media, meet up groups
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Word of mouth, referrals, and networking are all great options, but you should also consider content marketing tactics in your marketing strategy. Use blog posts, social media, and more to position your business in front of your ideal client, then foster trust with them to encourage them to invest in your services.
Facebook groups, insta hashtags, optimize LinkedIn
What are the main modes of marketing?
Word of mouth, referrals, and networking are all great options, but you should also consider content marketing tactics in your marketing strategy. Use blog posts, social media, and more to position your business in front of your ideal client, then foster trust with them to encourage them to invest in your services.
Facebook groups, insta hashtags, optimize LinkedIn
How does government regulation affect the industry?
No regulatory body for bookkeepers or accountants (only if you’re a CPA). I have to adhere by GAAP accounting principles and regular small business tax policies in Canada ie. Set up an HST/GST account after I start generating $30,000 in annual, monthly or quarterly revenue.
How sensitive is the industry to seasons and economic cycles?
Not at all. If I have multiple niches (trust accounting, e-commerce accounting, real estate accounting, non-profit, regular small business accounting) I’m safe in the event of an economic downturn.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Monthly bookkeeping service, on time hourly rate for advisory services, cloud accounting set-up services, A2X set up services.
Accountants and bookkeepers average an 18.4 percent profit margin
Statistic based on service based business: For some, 20% is a good number, and some businesses are successful with 5%. But businesses with little overhead, like consultancies, will have much higher margins. The average for accountancy offices is 19.8%.
How to calculate profit margin : divide the net income (or net profit) by the total revenue for the year and then multiply by 100.
Net income : In business and accounting, net income is an entity’s income minus cost of goods sold, expenses, depreciation and amortization, interest, and taxes for an accounting period
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
SPAR Boxing Inc. operates within the Sports Equipment Manufacturing Industry, specifically in the segment dedicated to Boxing Gear and Apparel.
– Industry Reports: These can provide detailed analysis and data about the industry’s size, growth, key players, and trends. Websites like IBISWorld, Statista, and MarketResearch.com offer comprehensive reports, although they may require purchase or subscription.
– Trade Associations: Organizations like the World Federation of the Sporting Goods Industry (WFSGI) and the Sports & Fitness Industry Association (SFIA) often provide valuable information about industry trends and regulations.
– Trade Publications: Magazines and online publications such as Sports Insight Magazine, Sporting Goods Business, and others often publish articles, interviews, and trends about the sports equipment industry.
– Government Data: Websites like the U.S. Bureau of Labor Statistics or Statistics Canada often provide valuable information about industries, including economic indicators, employment data, and more.
– Company Websites: You can also visit the websites of key players in the industry (including competitors) to gain insights about their product offerings, strategic initiatives, partnerships, and more.
– Online Forums and Social Media: Platforms like LinkedIn, industry-specific forums, or even Reddit can offer up-to-date, informal insights and discussions about the industry.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
– Everlast: Established in 1910, Everlast is a global leader in the design, manufacturing, licensing, and marketing of authentic boxing, mixed martial arts, and fitness-related sporting goods equipment, apparel, footwear, and accessories.
– Rival Boxing Gear: Rival Boxing Gear is a Canadian company that offers a full range of boxing equipment. They are internationally recognized for their technical boxing equipment and are appreciated for their innovative and design-oriented approach.
– Title Boxing: Founded in 1998, Title Boxing caters to professional and amateur boxers, trainers, and fitness enthusiasts. They are known for their comprehensive selection of boxing gloves, protective gear, and training equipment.
– Venum: Venum is a manufacturer of apparel and equipment for various martial arts, combat sports, and fitness including boxing. They’re known for their high-quality products and have made a name in the market for MMA and boxing gear.
– Hayabusa Fight: A Canadian company known for its advanced boxing gear, particularly boxing gloves and protective gear. They use cutting-edge technology and materials to design their products.
– Cleto Reyes: A Mexican company renowned for its hand-made boxing gear. Cleto Reyes has a rich history in the boxing world and is famous for its leather boxing gloves.
– Ringside: Known for their affordable and durable products, Ringside is a go-to brand for many amateur and professional boxers. They offer a wide range of boxing gear and apparel.
– Company Websites: Visit your competitors’ websites to learn about their products, pricing, target customers, unique selling propositions, and their overall brand messaging.
– Industry Reports: Detailed industry reports from market research firms like IBISWorld, Statista, and MarketResearch.com can provide useful insights about key players in the industry.
– Social Media: Following your competitors on social media platforms like Facebook, Instagram, LinkedIn, and Twitter can provide insights into their marketing strategies, customer engagement, and new product launches.
– Customer Reviews: Check customer reviews on e-commerce platforms or review sites. This can give you an idea about the quality of their products, their customer service, and the overall customer sentiment towards their brand.
– Trade Publications: Online magazines and blogs about sports and boxing often feature articles, interviews, and product reviews about different brands in the industry.
– Public Financial Statements: If your competitors are publicly traded companies, their financial statements can provide insights about their financial health and market performance.
– Patent Databases: Looking up your competitors in patent databases can provide insights about their innovative activities and future product plans.
– Industry Conferences and Trade Shows: These events can provide opportunities to see your competitors’ products firsthand, learn about their latest innovations, and understand their market positioning.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
– Technological Innovations: Advancements in technology are leading to the development of smart boxing gear, such as gloves and bags equipped with sensors that track performance metrics (punch strength, speed, etc.) and provide real-time feedback to users. This kind of technology can help boxers improve their technique and training regimes.
– Sustainability: As consumers become more environmentally conscious, there is a growing demand for sports gear and apparel made from eco-friendly materials. Companies are also being encouraged to adopt sustainable manufacturing processes and to consider the entire lifecycle of their products.
– Customization: Personalization and customization are becoming increasingly popular in the sporting goods industry. Customers are looking for products tailored to their specific needs and preferences, including custom sizes, designs, and colors.
– E-commerce Growth: The ongoing growth of e-commerce is impacting nearly every industry, including sports equipment. More and more consumers are purchasing their boxing gear online due to the convenience and wider product selection available.
– Health and Fitness Boom: The increasing global interest in health and fitness is driving more people towards sports, including boxing. As a form of high-intensity workout, boxing is becoming popular not only among professional and amateur fighters but also among fitness enthusiasts.
– Increased Women’s Participation: As societal norms continue to evolve, more women are participating in sports traditionally dominated by men, including boxing. This is leading to an increased demand for boxing gear designed specifically for women.
– Influencer Marketing: Social media influencers in the fitness and sports space have a significant impact on consumer behavior. Their endorsement of specific products or brands can greatly influence sales and brand perception.
– Industry Reports: Market research firms such as IBISWorld, Statista, and MarketResearch.com publish regular reports that analyze trends in various industries.
– Trade Publications: Online magazines, blogs, and journals related to the sports equipment industry often discuss current trends. Examples include Sports Insight Magazine, Sporting Goods Business, and others.
– Trade Shows and Conferences: These events are ideal for staying up-to-date with the latest industry trends, innovations, and market shifts. You could consider events such as the ISPO Munich, Outdoor Retailer, or local sporting goods expos.
– Online Forums and Social Media: LinkedIn groups, industry-specific forums, and social media can offer real-time discussions and insights into ongoing trends.
– Industry Associations: Associations like the World Federation of the Sporting Goods Industry (WFSGI) or Sports & Fitness Industry Association (SFIA) often provide resources, research, and trend analysis for their members.
– Market Research Companies: Companies like Nielsen, Mintel, and Euromonitor provide in-depth market analyses and trend forecasting.
– News Outlets: Major business news outlets like Forbes, Bloomberg, Business Insider, and Financial Times often cover significant trends in various industries.
– Competitor Analysis: Monitor your competitors’ activities to understand the industry’s direction. Look at their new product releases, marketing campaigns, collaborations, etc.
How big is my target market and where do they live or work?
Roughly 10% of the Canadian population. They live in urban/suburban areas primarily, with a focus on Ontario/Quebec/BC.
– Market Research Reports: Detailed reports from firms like Statista, IBISWorld, or MarketResearch.com often provide market sizes, segmentation, and forecasts for various industries.
– Government Data: Governmental departments related to sports or commerce might have relevant data or can guide you to it. Check websites like Statistics Canada for potential data or resources.
– Industry Associations: Organizations like the Canadian Amateur Boxing Association or the Canadian Professional Boxing Council may have insights into the size of the market.
– Academic Research: Universities and colleges often conduct research on various industries. You could search academic databases like JSTOR or Google Scholar for relevant studies.
– Business News and Trade Journals: Publications like The Financial Post, The Globe and Mail, or trade-specific journals can have articles or reports with industry data.
– Consulting Firms: Companies that specialize in sports or market research, such as Nielsen, McKinsey & Company, Deloitte, etc., might have relevant market data, though this can be expensive.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
– Digital Marketing: This includes SEO, paid search advertising, and social media marketing. Brands often use these platforms to showcase their products, share customer testimonials, and engage with their audience.
– Influencer Marketing: Brands often collaborate with popular boxers, fitness influencers, and sports personalities to promote their products. These influencers have a large following, and their endorsements can significantly impact their audience’s purchasing decisions.
– Sponsorships: Many companies in this industry sponsor boxing matches, tournaments, and athletes. This not only helps in enhancing brand visibility but also positions the brand as a supporter of the sport.
– Content Marketing: This includes blogs, articles, videos, and tutorials related to boxing techniques, fitness tips, and product usage. It helps position the brand as a thought leader and a reliable source of information in the boxing sphere.
– Email Marketing: Brands often use email newsletters to keep their customers updated with new product launches, sales, and other company news.
– Affiliate Marketing: Brands partner with websites, bloggers, and influencers who earn a commission for every sale made through their referral. This can be a cost-effective way of driving sales.
– Partnerships with Gyms and Boxing Clubs: By forming partnerships with local gyms and boxing clubs, brands can get their products directly in front of their target audience.
– Experiential Marketing: This involves creating immersive experiences that allow potential customers to interact with the product. For instance, setting up a booth at a sports expo where attendees can try on the boxing gear.
What are the main modes of marketing?
– Digital Marketing: This includes SEO, paid search advertising, and social media marketing. Brands often use these platforms to showcase their products, share customer testimonials, and engage with their audience.
– Influencer Marketing: Brands often collaborate with popular boxers, fitness influencers, and sports personalities to promote their products. These influencers have a large following, and their endorsements can significantly impact their audience’s purchasing decisions.
– Sponsorships: Many companies in this industry sponsor boxing matches, tournaments, and athletes. This not only helps in enhancing brand visibility but also positions the brand as a supporter of the sport.
– Content Marketing: This includes blogs, articles, videos, and tutorials related to boxing techniques, fitness tips, and product usage. It helps position the brand as a thought leader and a reliable source of information in the boxing sphere.
– Email Marketing: Brands often use email newsletters to keep their customers updated with new product launches, sales, and other company news.
– Affiliate Marketing: Brands partner with websites, bloggers, and influencers who earn a commission for every sale made through their referral. This can be a cost-effective way of driving sales.
– Partnerships with Gyms and Boxing Clubs: By forming partnerships with local gyms and boxing clubs, brands can get their products directly in front of their target audience.
– Experiential Marketing: This involves creating immersive experiences that allow potential customers to interact with the product. For instance, setting up a booth at a sports expo where attendees can try on the boxing gear.
How does government regulation affect the industry?
Product Safety Standards: Governments often set safety standards that sports equipment manufacturers must meet. These standards ensure that the boxing gear is safe to use and can protect the wearer as intended. Failure to meet these standards could lead to fines, product recalls, or even bans.
Environmental Regulations: Manufacturing processes are often subject to environmental regulations related to waste disposal, energy usage, and emissions. These rules can influence the choice of materials, production methods, and packaging.
Labeling and Advertising Regulations: Governments also regulate how products can be labeled and advertised to prevent misleading claims. For instance, companies may need to be careful about claiming their products can enhance performance or prevent injuries unless they can provide substantial evidence to back these claims.
Import/Export Regulations and Tariffs: If a company sources materials from abroad or sells its products internationally, it must comply with the import and export regulations of the countries involved. Tariffs and trade agreements can also affect the cost of these transactions.
Employment Laws: These laws regulate aspects like minimum wages, working conditions, and employee benefits. Compliance with these laws can influence the cost of labor in the manufacturing process.
Intellectual Property Laws: These laws protect businesses from having their designs, logos, or brand names copied by other companies.
How sensitive is the industry to seasons and economic cycles?
Seasonality: Unlike some sports that are highly seasonal, boxing can be practiced year-round, indoors and outdoors, which might make the sales of boxing gear less susceptible to seasonal fluctuations. However, there might be some increases in sales during certain times of the year. For instance, sales might rise during the start of the school year (when extracurricular activities begin) or during the holiday season (when gift purchases increase).
Economic Cycles: The industry can be sensitive to economic cycles. During periods of economic prosperity, consumers might have more disposable income to spend on premium boxing gear or to take up new sports like boxing. Conversely, during economic downturns, consumers might cut back on non-essential expenses, which could include sports equipment. That said, fitness-related spending can sometimes be resilient even during downturns, as people prioritize health and wellness.
Major Sporting Events: The industry can see a surge in interest and sales around major sporting events, like the Olympics or high-profile professional boxing matches, as these events can inspire more people to take up the sport.
Pandemics/Health Crises: Situations like the COVID-19 pandemic can impact the industry significantly. On one hand, closures of gyms and boxing clubs can decrease demand for boxing gear. On the other hand, as people look for ways to stay fit at home, some might take up boxing as a form of home workout, potentially increasing demand for certain types of boxing gear.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Sales Revenue: This is a straightforward measure of a company’s total income from selling its products. It can be analyzed in terms of total revenue, revenue by product category, or revenue by geographic market.
Market Share: This measures a company’s sales as a percentage of the total sales in the market. It provides insight into the company’s competitiveness and its position relative to its competitors.
Gross Margin: This is the difference between sales revenue and the cost of goods sold (COGS), divided by the sales revenue. It provides insight into the profitability of the company’s products.
Customer Satisfaction and Retention Rates: These metrics provide insight into how satisfied customers are with a company’s products and their likelihood to make repeat purchases.
Brand Awareness and Reputation: Surveys and studies can measure how well-known and well-regarded a company’s brand is among its target customers.
Innovation and Product Development: This could be measured in terms of the number of new products or product enhancements introduced by the company. In a competitive industry, continuous innovation can be critical for maintaining and growing market share.
Sustainability Measures: These could include measures of the company’s environmental impact, such as its carbon footprint, the percentage of its products made from recycled materials, or its progress towards sustainability goals.
Online Metrics: With the rise of e-commerce and digital marketing, online metrics like website traffic, social media engagement, online conversion rates, and online customer reviews can provide valuable insights.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Home Cleaning Service
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
molly maid
merry maid
pristine cleaning
wellness cleaners
hellamaid cleaning service
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
ratings/ reviews
environmentally friendly cleaning
How big is my target market and where do they live or work?
london ontario, all areas
google maps
https://www.canada.ca/en/services/business/research.html
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Product
Price
promotion
place
What are the main modes of marketing?
Product
Price
promotion
place
How does government regulation affect the industry?
registration
taxation
How sensitive is the industry to seasons and economic cycles?
average to sensitive
seen as a luxury
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
service quality
customer satisfaction
productivity
Safety
Budget
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Hospitality
Industry magazines, government data
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Grizzlar, Felice, Italian Centre, The Carrot
Scouting missions
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Economics, Environment, Politics
Internet
How big is my target market and where do they live or work?
North Central Edmonton
Personal experience, web search
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social Media, word of mouth
What are the main modes of marketing?
Social Media, word of mouth
How does government regulation affect the industry?
Not very much
How sensitive is the industry to seasons and economic cycles?
I believe it should be steady all year
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Profit margin is key
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Fitness Industry (also correlates with the health, sport & education industry).
Internet?? (https://www.canada.ca/en/services/business/research/industrysectorintelligence.html)
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Other Secondary, Preps, and Clubs in the province.
https://www.cbc.ca/sports/basketball/basketball-canada-player-development-growth-1.5980933
(https://www.ontariosba.ca/)
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
– Owning a gym
– Starting a program for prep schools and clubs/secondary student-athletes
– Making more players go to the next level
– https://globalnews.ca/news/9228868/edmontons-first-prep-program-changing-student-basketball-landscape/
– https://thehoop.blog/how-to-start-an-aau-basketball-team/#:~:text=How%20To%20Start%20An%20Aau%20Basketball%20Team%201,…%208%20Organize%20Team%20Fundraising%20…%20More%20items
– https://www.hoopsaddict.com/how-to-start-an-aau-basketball-team/
How big is my target market and where do they live or work?
Ottawa, Ontario
Secondary Schools, Prep Schools, Club Teams
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
– Website for the program
– Sponsors by other companies/organizations
– Networking with influencers
– Pre-Game Content
– Community Involvement
What are the main modes of marketing?
– Website for the program
– Sponsors by other companies/organizations
– Networking with influencers
– Pre-Game Content
– Community Involvement
How does government regulation affect the industry?
Government regulation can affect the basketball industry in different ways, such as setting the standards, rules, and policies for the sport, providing funding and support for the development and promotion of the sport, and ensuring the safety and fairness of the sport.
In Canada, there are various levels of government that regulate the basketball industry, such as the federal, provincial, territorial, and municipal governments. Each level may have different roles and responsibilities, depending on the jurisdiction and the scope of the sport. For example, the federal government may regulate some aspects of the sport that fall under its authority, such as broadcasting, taxation, immigration, and international relations¹². The federal government may also support some national sport organizations that govern basketball in Canada, such as **Basketball Canada** and **Canada Basketball**³⁷. These organizations are responsible for overseeing all aspects of basketball in Canada, such as developing programs, organizing competitions, selecting national teams, and implementing rules and regulations⁷.
The provincial and territorial governments may regulate some aspects of the sport that fall under their authority, such as education, health, recreation, and culture¹. They may also support some provincial and territorial sport organizations that govern basketball in their regions, such as **Ontario Basketball Association**⁴. These organizations are responsible for managing the basketball activities in their regions, such as providing services, hosting events, training coaches and officials, and enforcing rules and regulations⁴.
The municipal governments may regulate some aspects of the sport that fall under their authority, such as land use, zoning, building codes, and local services¹. They may also support some local sport organizations that govern basketball in their communities, such as clubs, leagues, schools, and associations. These organizations are responsible for delivering the basketball programs in their communities, such as offering opportunities, facilitating participation, developing skills, and promoting values.
The basketball industry in Canada is also influenced by some international regulations that are set by the **International Basketball Federation (FIBA)**⁸, which is the world governing body for basketball. FIBA establishes the official rules of basketball that are followed by all countries that are members of FIBA⁸. FIBA also organizes some major international competitions that involve Canadian teams or players, such as the Olympic Games, the World Cup, and the Continental Championships⁸.
Therefore, government regulation can affect the basketball industry in various ways. It can create opportunities or challenges for the industry depending on how it supports or restricts its growth and development. It can also create consistency or diversity for the industry depending on how it harmonizes or differentiates its practices and standards. Is there a specific regulation that you are concerned about?
Source: Conversation with Bing, 2023-09-09
(1) Federally regulated industry sectors – Canada.ca. https://www.canada.ca/en/services/business/permits/federallyregulatedindustrysectors.html.
(2) Federally regulated business activities – Canada.ca. https://www.canada.ca/en/services/business/permits/federallyregulatedbusinessactivities.html.
(3) National Sport Organizations – Canada.ca. https://www.canada.ca/en/canadian-heritage/services/sport-organizations/national.html.
(4) Canada Basketball. https://www.basketball.ca/.
(5) Rules & Regulations • Ontario Basketball Association. https://basketball.on.ca/competitions/rules-regulations/.
(6) International Basketball Federation (FIBA) – FIBA.basketball. https://www.fiba.basketball/documents/official-basketball-rules/2022.pdf.
(7) Rules of basketball – Wikipedia. https://en.wikipedia.org/wiki/Rules_of_basketball.
(8) Basketball Rules and Regulations (2022 Update) – Basketball For Coaches. https://www.basketballforcoaches.com/basketball-rules/.
How sensitive is the industry to seasons and economic cycles?
That’s a good question. The Canadian basketball industry is influenced by several factors, such as the popularity of the sport, the performance of the national and local teams, the availability of facilities and programs, and the economic conditions of the country.
According to some sources, basketball is one of the fastest-growing sports in Canada, with more than 450,000 registered players and 13 million fans12. The sport has also produced many talented players who have made it to the NBA or other professional leagues13. However, the industry also faces some challenges, such as the lack of funding, infrastructure, and exposure for grassroots and elite programs1.
The economic impact of basketball on Canada is not easy to measure, but some studies suggest that sports in general have a positive effect on income, employment, tourism, and social cohesion4. However, these effects may vary depending on the size of the market, the level of competition, and the type of sport45. The pandemic has also disrupted the sports industry, causing losses in revenue, jobs, and consumer spending678.
Therefore, the Canadian basketball industry may be sensitive to seasons and economic cycles, depending on how these factors affect the demand and supply of basketball-related goods and services. Do you have a specific aspect of the industry that you are interested in?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Some other key measures in the Canadian basketball industry are:
– The growth of player development system, which is producing more high-end men’s and women’s talent. According to one source, Canada has the second-most NBA players after the U.S., with 17 players on opening-night rosters in 2020-21¹. Canada also has the most WNBA players after the U.S., with seven players on opening-night rosters in 2020¹. Moreover, Canada has the most players in the NCAA Division I men’s and women’s basketball programs outside of the U.S., with 150 men and 136 women in 2019-20¹.
– The popularity of basketball among Canadian youth, which is increasing the participation and fan base of the sport. According to another source, around **354,000** youth (age 3–17) played basketball in 2014, making it the sixth most popular sporting activity for young Canadians after swimming, soccer, dance, hockey and skating². According to a third source, basketball was the second most popular sport among Canadian children aged 3 to 6 in 2014, behind only soccer³.
– The success of the Toronto Raptors, which is boosting the visibility and revenue of the sport in Canada. According to a fourth source, the Toronto Raptors are worth **$2.55 billion** as of 2021, up from **$610 million** in 2014. The Raptors are also the only Canadian team in the NBA and the first non-U.S. team to win the NBA championship in 2019. The Raptors have a loyal and diverse fan base across Canada and beyond, as evidenced by their average attendance of **19,800** per game in 2019-20, ranking sixth in the league.
These are some of the other key measures in the Canadian basketball industry that show its growth and potential. Do you have any other questions about this topic?
Source: Conversation with Bing, 2023-09-09
(1) Sleeping giant: Why Canadian basketball is just beginning its awakening …. https://www.cbc.ca/sports/basketball/basketball-canada-player-development-growth-1.5980933.
(2) Basketball in Canada | The Canadian Encyclopedia. https://www.thecanadianencyclopedia.ca/en/article/basketball.
(3) The rise of basketball in Canada: By the numbers | CBC News. https://www.cbc.ca/news/canada/basketball-by-the-numbers-1.3438486.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Coffee shop/Safe place
Different examples throughout most cities. Google search you can find different areas.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
CMHA/Local coffee shops.
Websites and handouts many places.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Supports/safe places are rising and coffee shops are very popular.
Advertisements about different events to create safe inclusive space.
How big is my target market and where do they live or work?
My target is very big because its open for everyone that has challenges. Such stats say 1 in 5 have a mental health.
Multiple stats online and around health places.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media/commercials.
What are the main modes of marketing?
Social media/commercials.
How does government regulation affect the industry?
Many permits before you can open up. This means that they can make sure everything is safe and running properly.
How sensitive is the industry to seasons and economic cycles?
Very, the price can make customers turn away and some drinks are mainly consumed during different seasons.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Making sure that the prices are affordable but also profit. This way the business can continue to run and be successful/paying employees bills etc.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Specialized Design Services
https://www23.statcan.gc.ca/imdb/p3VD.pl?Function=getVD&TVD=1181553&CVD=1182718&CPV=541410&CST=01012017&CLV=5&MLV=5
NAICS Code: 541410
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Home Owners
Renters
Business owners
Real estate
business websites
surveys
stats Canada
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Economic
Society
Technology
environment
News Articles
Journals
Stats Can
Magazines
Blogs
Social Media
How big is my target market and where do they live or work?
My target market is anyone who owns/ rents a space.
This makes my target market very large. This is someone who wants to invest in a luxury service to enhance their space
I can find out about the my target market by researching other design companies
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Digital
Word of mouth
Magazines / blogs
What are the main modes of marketing?
Digital
Word of mouth
Magazines / blogs
How does government regulation affect the industry?
You need a license to preform certain tasks
building codes
regulations when designing
inspection required for completed designs
How sensitive is the industry to seasons and economic cycles?
Design trends come and go with changing seasons
real estate with the buying and selling of homes effects the amount of people who are wanting to purchase interior design/ decorating services
cost of materials
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
efficiency, project expenses, profits, cost of materials
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
waste
governments sites
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
fashion
beauty
blogging
online
at the mall
other local shops
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
cosmopolitan
glow
glamour
magazines
online
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Hyper-Personalization With AI And AR
Biotech Innovations With A Focus On Sustainability
Natural And Organic Ingredients
Beauty Sales And Brand Engagement On TikTok And Instagram
Demand For Men’s Beauty Products
Calls For More Diversity And Inclusion
Online
How big is my target market and where do they live or work?
large
hoses, apt., condos, villages, farms
all kinds of work
the mall
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Beauty subscription
advertising
What are the main modes of marketing?
Beauty subscription
advertising
How does government regulation affect the industry?
beauty is grossly nregglated
How sensitive is the industry to seasons and economic cycles?
very
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Media SOV
Rebooking Percentage
Retail Dollars to Service Percentage
Add On Services
Average Ticket Price
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Sandy Bay Seed Starting & Supplies/Gardening
Google, YouTube
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Butterfly Way [Save the Monarch’s ]
Save the honey bees from extinction
Earth Day
Fairy Gardens
The official websites, Google, YouTube
How big is my target market and where do they live or work?
My target market is young, middle-aged & seniors. The size is roughly 500 people at minimum. About 3,800 people live on my community and there is about 550-60 households. Not many of them work I would estimate 40-60 of them are employed out the possibility of about 200 jobs available on the community. I imagine the majority of homeowners would want to start a garden my target market number is based off of the total households with the the likelihood of consumers spending their money on seeds to plant given the opportunity to utilize self-sufficiency, homesteading and farm life from our rural landscapes throughout the community. I believer every household would enjoy growing their own food. The problem is there is nowhere to purchase seeds or gardening equipment.
Papers I have about the community (community profile) online research
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Facebook, word of mouth, flyers on boards at offices & stores. mail flyers in PO Boxes, radio announcements, signs. Social media, indigenous newspapers & magazines, articles, pages, etc.
What are the main modes of marketing?
Facebook, word of mouth, flyers on boards at offices & stores. mail flyers in PO Boxes, radio announcements, signs. Social media, indigenous newspapers & magazines, articles, pages, etc.
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
Spring & Summer profitable. Fall & Winter sales are expected to be slow.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Save the Monarch pre-season sale.
Save the honey bees pre-season sale.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Restaurant hospitality
Online
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Many competitors
Everywhere
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Wing night
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Cosmetics
Online, magazines, In retail stores, etc.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Retail workers, Salon workers, and other at home based workers.
In person, word of mouth, online.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Instagram and Tiktok trends, beauty trends, sfx trends around halloween, seasonal makeup.
Instagram, Tiktok, Blogs, Featured on MAC, Sephora and other retailers websites.
How big is my target market and where do they live or work?
My target market lives across Canada, America and overseas.
Best place to find information is online.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Magazines, Commercials, Social media ads
What are the main modes of marketing?
Magazines, Commercials, Social media ads
How does government regulation affect the industry?
Cosmetics are packaged, produced and stored under sanitary conditions and specific legislation.
How sensitive is the industry to seasons and economic cycles?
Seasons have a high impact on cosmetics. It affects sales and trends.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Profit margins for cosmetics are 53%.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Book stores and news dealers
Online, the library, through other current booksellers, in bookstores themselves, through talking to current bookstore customers.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Schooner Books Ltd.
Trident Booksellers & Cafe
Bookmark
Kings Co-op Bookstore
Coles
Agricola Street Books
Chapter/Indigo
Friction Books
Venus Envy
The internet, visiting and observing these locations what they sell, who they sell to, etc… Talking to customers of these stores.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
– The shift to e-books and kindles over physical copies
– Influence of social media on the book industry (Booktok)
– The rise of amazon and other online book retailers that can undercut local sellers like myself
– Climate change and the desire to be more sustainable, ie paperless
– Climate change and world events such as COVID causing supply chain disruptions
– Rising inflation causing people to spend less
Online research, talking to people that these trends directly affect
How big is my target market and where do they live or work?
Approximately 65,000 in HRM
Mostly lives in a city or urban area
Stats Canada
BookNet Canada
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Typically print marketing such as custom novelty bookmarks or custom bags with the stores information on it. Other marketing forms can include social media, also hosting events that are advertised such as children’s story hour or a book club. Word of mouth is also always a strong contender for local advertising.
What are the main modes of marketing?
Typically print marketing such as custom novelty bookmarks or custom bags with the stores information on it. Other marketing forms can include social media, also hosting events that are advertised such as children’s story hour or a book club. Word of mouth is also always a strong contender for local advertising.
How does government regulation affect the industry?
The publication is subject to thee GST/HST when sold to a customer, and not when it is imported. As a result, foreign publications sold to Canadian residents are taxed in the same way as Canadian publications.
How sensitive is the industry to seasons and economic cycles?
Books can certainly be sold year round but tend to peak around the holidays. Typically the largest sales months for booksellers are December, January, and August, with December being the highest of all.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Average profit margins:
– 40% on new books
– 90% on used books
– 50% on other store items
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
– NAICS: 523940
– Portfolio Management and Investment Advice
– Investment advice consulting services, customized, fees paid by client
Code Search
https://www.ibisworld.com/canada/market-size/business-coaching/
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Online Brokers
YouTube Educational Trading Channels (e.g. Trading Fanatic, Tradeciety)
Proprietory Firms
Trading coaches/consultants & websites
Books (on trading)
Online on their websites
At the library
On YouTube
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
The STEEP analysis is an acronym for Social, Technological, Environmental, Economical and Political.
Social – People are getting poorer with inflation, they’re losing money on their investments with the markets
Technological – AI is taking away jobs
Environmental – People need less stress and teaching them to trade and make money could take away some stress
Economical – Retails traders with limited funds are blowing up their accounts, because they don’t know how to control risk
Political – Global debts & wars are putting pressure on economies – people feel trapped in jobs they hate and weighed down by debts & bills.
Library
Online
News
How big is my target market and where do they live or work?
Globally
1 billion
Online
Trend searches
Looking at what’s being offered by other businesses
https://www.ibisworld.com/canada/market-size/business-coaching/
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Online
Google Ads
Facebook Ads
YouTube Ads
Email Marketing
Word of mouth
What are the main modes of marketing?
Online
Google Ads
Facebook Ads
YouTube Ads
Email Marketing
Word of mouth
How does government regulation affect the industry?
Very strict rules on leverage.
How sensitive is the industry to seasons and economic cycles?
Extremely sensitive – however retail traders can learn the skills to weather different market conditions and make money in all.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Questions Clients Ask About This Industry
What was the market size of the Business Coaching industry in Canada in 2022?
The market size, measured by revenue, of the Business Coaching industry in Canada was $1.2bn in 2022.
What was the growth rate of the Business Coaching industry in Canada in 2022?
The market size of the Business Coaching industry in Canada increased 7.6% in 2022.
Has the Business Coaching industry in Canada grown or declined over the past 5 years?
The market size of the Business Coaching industry in Canada has grown 4.2% per year on average between 2017 and 2022.
Is the Business Coaching industry in Canada expected to grow or decline over the next five years?
See our full analysis of the Business Coaching industry in Canada to understand if the industry market size is expected to grow or decline over the next five years.
How has the Business Coaching industry in Canada performed compared with other Canadian industries over the past five years?
The market size of the Business Coaching industry in Canada increased faster than the economy overall.
What trends are occurring in the Business Coaching industry in Canada?
To understand the broader industry trends within the Business Coaching industry in Canada, explore our full industry report with over 40 pages of data and analysis.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
jewelry
bloomberg analytics
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Rainbow jade
aria
pandora
mulu
fossil
hudsons bay
Vitaly
clocks and colours
etah love
the steel shop
amazon
Ali express
nihau jewelry
Swarovski
aria
bloomberg analytics
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
bloomberg analytics
the financial times
user interviews with retails and owners
How big is my target market and where do they live or work?
roughly 20 million consumers, roughly 5% of that represents our target demographic of males under 35
bloomberg analytics
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
social media
retail locations
billboards
brand recognition on the product such as pandora charms
What are the main modes of marketing?
social media
retail locations
billboards
brand recognition on the product such as pandora charms
How does government regulation affect the industry?
Government regulation determines what can and cannot be defined as a specific metal such as what qualified vermail gold.
How sensitive is the industry to seasons and economic cycles?
the industry is relatively sensitive to seasons peaking in November and December for the holiday season.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
margins, cost per unit, monthly recurring revenue, annual return on ad spend, cpi, rate of growth
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
448110
Statistics Canada.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Streetwear brands.
High end clothing.
Major clothing retailers
World Trade Centre Winnipeg
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Sustainability. Suppliers are always looking for new clothing options. E-commerce shopping is increasing. Sense of fashion and self appearance increasing.
World Trade Centre Winnipeg.
How big is my target market and where do they live or work?
Target market is in bigger cities across Canada, like Winnipeg, Toronto, Vancouver.
Target market is huge, students, business owners/entrepreneurs.
World Trade Centre Winnipeg.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social Media, Email Marketing.
What are the main modes of marketing?
Social Media, Email Marketing.
How does government regulation affect the industry?
“The fashion industry is highly unregulated due to its complex and global supply chains. A garment designed in the United States can have raw materials grown in India, be woven into fabric in Taiwan, sewn together in Vietnam, and then distributed worldwide.”
How sensitive is the industry to seasons and economic cycles?
“Clothing, also known as a second skin, changes in response to the temperature of the physical surroundings (Tortora and Marcketti, 2015). The majority of clothing product lines are seasonal, and new lines are created several times a year. Traditionally, the clothing industry is directed by a fixed calendar of trade shows and market weeks organized around a two-season approach to product ranges, namely Spring/Summer and Fall/Winter”
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Sell-through rate. Important KPI
Product lifecycle curve.
Stock availability and size fragmentation.
Storage capacity.
Markdowns.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
FOCUS
online
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Inflation market.
How big is my target market and where do they live or work?
My target market is any customer in Ontario, but I’m going to focus on customers at our local. so that I can target certainly real estate agents. to build a sustainable strong business
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
the way the government regulations affected industry way that the can pick the inflation
How sensitive is the industry to seasons and economic cycles?
it is vary sensitive is the industry
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
automotive repair
Canadian government & pro gov
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Kal tire, Ok Tire, Integra Tire, In gear mechanical, Bills Mechanical
personal websites and google listings with ratings
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
economic trends – customers don’t have money to pay for vehicle repairs. Societal trends – customers purchase electric vehicles which I can’t service. Societal trend – shopping locally, supporting local businesses like during COVID. Economic trend – supply chain issues, unable to complete jobs because you can’t access parts/ supplies.
economic trends – gov of canada. IBIS World. stats canada. automotive retailers association. BBB.
How big is my target market and where do they live or work?
very large, age 18 to 60 living in the Kootenays. They typically drive to work and don’t have time to do annual maintenance themselves.
followers on social media, analyzing past customers, looking at customers, reviews and followers of other local auto repair businesses.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
website, google ads, social media, youtube
What are the main modes of marketing?
website, google ads, social media, youtube
How does government regulation affect the industry?
changing regulations around electric vehicles and compulsory training requirements
How sensitive is the industry to seasons and economic cycles?
very; they effect not only if the customer can afford for work to be done but also if we can get parts for the vehicle to be repaired
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
profit margins, normally low are needing to be increased. Customer service is extremely important, as is honest and open communication along with focus on diagnostics/electornics.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Retail e-commerce
In person at markets and online
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Big Markets like Etsy, Amazon, AliExpress,
Other small businesses
In person at markets and online
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Higher cost of living = less expendable income.
Desire for affordability combined with sustainability, people want ethical products but can’t afford them.
Political unrest, unreliable market.
Surveys, markets, news, online
How big is my target market and where do they live or work?
Broad target audience leaning more towards young adults and young families.
Most live and work in Ottawa but occasional out of province online sales occur.
in person at markets
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
online advertising, in person shows, coupons, newsletters
What are the main modes of marketing?
online advertising, in person shows, coupons, newsletters
How does government regulation affect the industry?
tax laws must be followed as well as sales on prohibited goods such as alcohol or cannabis.
How sensitive is the industry to seasons and economic cycles?
Very sensitive, sales depend on people having funds for luxury items.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Healthcare/Alternative Medicine
TCM: Traditional Chinese Medicine
Ayurveda
OHA: Ontario Herbalists Association
Natural Food Stores
Science Direct
WHO: World Health Organization
LinkedIn
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Naturopathic Doctors/Practitioners
Homeopathic Stores
Herbalists
OHA
LinkedIn
Health Review Journals
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Positive: Growing interest/acceptance, regulatory changes, Utilizing herbalism to reconnect to our native roots (Afro-caribbean, Indigenous/Inuk etc)
Challenges such as skepticism, agricultural uncertainties, growth difficulties, soil erosion, and regulatory changes/lack of practitioner say are all important aspects to consider.
OHA
Permaculture Forums
National Institute of Health
WHO
How big is my target market and where do they live or work?
I know there’s a recent growing demand for NM/Herbal products, but it’s still difficult to pinpoint how big the target market is. Journals state from 2022-2030 the value will increase. But for MY target market, i’m unsure.
I know my neighbourhood is relatively low-income, and I want products to be affordable to them. I know that closer to the downtown area, there are some more affluent neighborhoods with expensive natural stores and extensive supplement sections.Whole Foods is my first thought, though I question their quality.
LinkedIn
Buisiness Journals
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Health Blogs
Social Media
Podcasts
Natural Wellness Stores (newsletters)
What are the main modes of marketing?
Health Blogs
Social Media
Podcasts
Natural Wellness Stores (newsletters)
How does government regulation affect the industry?
It affects it tremendously. BillC-47 plans will make natural health producers to reimburse Health Canada for the cost of monitoring and approving their products before they get to market. This will hurt small businesses immensely depending on the costs. People have started campaigns to fight against this or at least propose new changes.
Many pharmaceutical companies have products on the shelves with misinformation, ingredients not listed, and so on. But its more of a slap on the wrist for them, so it’s hard not to feel like the Alternative Medicine Industry isnt being targeted.
How sensitive is the industry to seasons and economic cycles?
Highly sensitive, as we rely on permaculture and agriculture to cultivate our products. I’d like to think at least that most natural practitioners are getting quality sourced ingredients if they’re not growing it themselves. With global warming it’s difficult to anticipate soil erosion, toxic water etc.
As far as economic, we’re facing the worst prices in Canada with inflation, manufacturing price increase etc. It’s potentially high risk to invest in the business right now, if you’re a practitioner who is sourcing local, growing their own herbs etc. I don’t want to source from other countries, or at least as little as possible, I want to keep native plants alive and safe from pests, and invasive species. (I plan to be growing as many herbs as possible, and may buy from local herbalists to use in products one theyre vetted for sourcing/quality)
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Wellness
First Nations Health Authority
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Ask Wellness
Ask Wellness
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Lack of housing, Justice, advocacy, family connectedness
Advocacy groups, children’s law, trc, statistics canada
How big is my target market and where do they live or work?
They live on Reserve & off reserve
Statistics Canada, Crown Indigenous Affairs
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Wellness healthy living justice
What are the main modes of marketing?
Wellness healthy living justice
How does government regulation affect the industry?
Drastically
How sensitive is the industry to seasons and economic cycles?
Sensitive
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Its evolving * growing consistently
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
wellness
https://www.mckinsey.com/industries/consumer-packaged-goods/our-insights/still-feeling-good-the-us-wellness-market-continues-to-boom
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
i am, mantra, inner tune, think up, gratitude
https://apps.apple.com/us/app/i-am-daily-affirmations/id874656917
https://apps.apple.com/us/app/mantra-daily-affirmations/id1202851636
https://apps.apple.com/us/app/innertune-listen-affirmations/id6443625379
https://apps.apple.com/us/app/thinkup-daily-affirmations-app/id906660772
https://apps.apple.com/gb/app/gratitude-self-care-journal/id1372575227
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
-all players in the industry monitize data for profit
-charge subscriptions
-many different tiers makes it confusing
reviews, reddit reviews, thoughts and opinions
How big is my target market and where do they live or work?
-$450B/ year in the US alone
https://www.mckinsey.com/industries/consumer-packaged-goods/our-insights/still-feeling-good-the-us-wellness-market-continues-to-boom
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media, Campaigns, word of mouth
What are the main modes of marketing?
Social media, Campaigns, word of mouth
How does government regulation affect the industry?
government increasing spend in coming years
How sensitive is the industry to seasons and economic cycles?
current in a recession so need for mental health products are rising
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
effectiveness of the products, will build trust, with consumers
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Occupational First Aid Attendant/Medic
Other Medic Companies, consultants, HSE
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Word of mouth, industry connections, advertising
What are the main modes of marketing?
Word of mouth, industry connections, advertising
How does government regulation affect the industry?
Government oversight is pretty strong as it is a health and safety industry
How sensitive is the industry to seasons and economic cycles?
Sensitive. Medics are employed full out during good economics, but are normally laid off in April for break up.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Average profit margins are high if they are connected with native bands when the native bands have the controlling interest in the company. If not, there can be multiple years that they don’t break even, but once they gain traction, there is money to be made.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Arts/culture/recreation/retail
-Public libraries (by getting/reading books about art, culture, recreation)
-Websites/social media (e.g. Instagram, YouTube, Pinterest, etc.)
-Art galleries, art museums, art stores (e.g. Michaels, DeSerres, AGO, etc.)
-Amazon (purchasing books about arts and culture, business, etc.)
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
-Michael’s
-Mary Maxim
-DeSerre’s
-Hama Beads
-Artkal Beads
-Perler
-Amazon
-Toys R Us
-Herrschners
-Mastermind Toys and Games
-Private recreation/educational settings (e.g. day camps, public schools, etc.)
-Bloggers/Vloggers
-Visual Artists
-Art Entrepreneurs
-Markham Arts Council
-York Region Arts Council
-On the company’s websites
-Wikipedia
-YouTube
-On the company’s/creators Instagram profile’s
-On the blogger’s websites
-At the public libraries (if I get books about a specific company/creator)
-At the company/store itself
-In the local community
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
As environmental awareness begins to increase in 2024, the need for environmentally-friendly craft supplies and products will increase.
Besides finding environmentally-friendly craft supplies to make artwork and crafts, mandalas and zen art are becoming more popular. As life gets busier, and people are in need of mental self-care, they are gearing towards zen and mandala art to find peace in their lives.
Multimedia art is also becoming more popular. Artists and crafters are incorporating storytelling and visual art. They’re using a wide range of mediums, supplies, textures, and object to create art pieces that reflect personal experiences and/or societal themes.
Resin art is set to gain momentum in 2024, adding a touch of whimsy to art pieces and handcrafted products. From mesmerizing jewellery to gorgeous home decor, the uniqueness of resin allows for endless possibilities. Crafters and artists can experiment with colours, textures, and other special materials to create special handmade items!
Many small business owners use social media, since many people are active on social media platforms like Instagram and Facebook. Many customers will either find new businesses on Google or on various social media platforms. Not only will customers be able to easily communicate with other businesses, but also stay tuned for any updates that the business makes.
Many people, especially younger people, love online shopping nowadays. Since many people like shopping from the comfort of home, it’s vital to have at least one online store/website for your business. It doesn’t necessarily have to be your own store/site that you coded, you can also have an Etsy or Amazon shop where people can purchase your products. People also have a tendency to buy thing on Facebook or Instagram, especially if the business owner posts a picture of a newly-created product, writes a post about it, includes a price, and states that he/she could DM the business owner to purchase or to find out more about the product.
Many businesses don’t just do cash-only payments, because many people own debit and credit cards. This allows many businesses to take e-transfers and electronic payments. Since we live in a tech-savvy world, it’s crucial that businesses also take electronic payments and e-transfers, besides cash-only payments.
-www.rbcwealthmanagement.com
-www.canadiancraftsfederation.com
-www.linkedin.com
-www.craftybase.com
-www.craftcourses.com
How big is my target market and where do they live or work?
The Generation Z demographic group makes up 27% of the US population, and makes up 22% of the Canadian population.
Americans in this demographic group are found in places like Syracuse, NY, Tampa, FL, Austin, TX, Washington, DC, Charlotte, NC, Providence, RI, etc.
Canadians in this demographic group are found in St, Johns, NL, Quebec City, QC, Levis, QC, and Regina, SK.
https://www.insiderintelligence.com/insights/generation-z-facts/
https://www.investopedia.com/generation-z-gen-z-definition-5218554
https://www.greenbuildermedia.com/blog/gen-z-generation-flocking-to-surprising-locations?hs_amp=true
https://www.ctvnews.ca/lifestyle/gen-z-values-demands-not-met-by-many-large-canadian-cities-study-1.6639821
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
– Social media (TikTok, Instagram, Facebook, LinkedIn, etc.)
– Company’s websites
– Online marketplaces (Etsy, Amazon Handmade, etc.)
– Holiday and seasonal fairs
– In-store sales (if the person has an in-person small business)
– Blogging (if the person also has a blog)
– Advertisements on YouTube, TV, Instagram, etc.
-FB/IG groups created by the small business owner/creator
What are the main modes of marketing?
– Social media (TikTok, Instagram, Facebook, LinkedIn, etc.)
– Company’s websites
– Online marketplaces (Etsy, Amazon Handmade, etc.)
– Holiday and seasonal fairs
– In-store sales (if the person has an in-person small business)
– Blogging (if the person also has a blog)
– Advertisements on YouTube, TV, Instagram, etc.
-FB/IG groups created by the small business owner/creator
How does government regulation affect the industry?
In Canada, artists and craftspeople receive funding from 3 major sources: self-generated income, governments at all levels, corporations, foundations, and the private sector. Many arts and culture organizations in Canada heavily rely on volunteer labour for their boards, fundraising committees, organizing teams, and educational and outreach programs to provide financial support.
Small business owners in the arts and crafts sector rely on grants and loans from small business organizations, the government, and can even use their own money that they earned from previous employment, if it’s enough to have a business. The government of Canada is usually supportive when it comes to small business owners and the arts and crafts sector.
How sensitive is the industry to seasons and economic cycles?
It’s heavily influenced by customer spending trends. The trends play an important role in the overall performance of many arts and crafts businesses. Increased consumer spending, because of growing interest in creative hobbies and DIY projects. Since many people are interested in DIY projects and creative hobbies, the demand for craft supplies and materials has increased over the years. Economic recessions have a negative affect on non-essential spending, including purchases of arts and crafts supplies. Excess spending on non-essential goods like arts and crafts supplies are likely to occur during times when people are on vacation, when the school year begins, when holiday sales begin, and lots of people spent money on arts and crafts supplies during the pandemic. This was because people wanted to stay busy while being stuck at home. Many people, especially during the winter and summer holidays, are always looking for things to do, so arts and crafts is a popular choice. During the winter months, people aren’t likely going to go swim at the beach or hike in a nearby trail. As a result, many people will stay inside and do activities indoors. Arts and crafts is a popular choice among young people and families.
During economic recession, customers may lessen the amount of money they spend on arts and crafts supplies, to prioritize their spending on the most essential goods (e.g. toiletries, groceries, etc.). Unemployment rates in the arts and crafts business play a significant part in sales, and also leads to a decrease in customer confidence and purchasing power, affecting overall sales in the business. Low unemployment rates can have a positive impact in the business, increasing consumer spending and sales.
As a result, the arts and crafts industry is vulnerable to economic hardship. Sole proprietorships and small businesses are more likely to struggle during times of economic uncertainty.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Art businesses generally make a profit margin of around 50%. The commission percentage may vary but usually falls inside the range of 50% to 60% of the sales price. This commission covers different expenses incurred by the dealer, including marketing, promotion, storage, exhibit costs, and expertise in the art industry.
In the crafts industry, there’s no specific answer as it depends on various factors, like the type of product that’s being sold, how much the product costs you to make, the level and amount of competition there is, and how many people are willing to buy your product. In most cases, businesses aim for a profit margin of around 8% to 3%, or around 50% to 70%. Some businesses even aim for a profit margin of up to 100% eventually. In terms of commissions, there is no specific amount. Most craft businesses aim for 10% of sales commissions.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Fitness
Gyms, Internet, Retirement Homes, Condos, Community Centres, Marketing on Instagram, Scool, Mentors
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Fellow Fitness Instructors.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
IT is a booming population
Research on the internet
How big is my target market and where do they live or work?
Big
Internet
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Educational services: language schools.
National and international language schools.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
On the Spot Languages
Alegoria
Berlitz
LinguaPraxis
Calgary Language Nerds
Websites?
Interviews?
Clients?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Social: increasing globalization, need for English language skills.
Technology: excessive use of screens, lack of investment in innovative analog learning, increase in gamification of learning.
Politics: lack of ESL teachers in Quebec, parents desire for bilingual children, political pushback against English. Initiatives for youth entrepreneurs in regions.
News, government websites.
How big is my target market and where do they live or work?
Private STEM enterprises, CEGEPs, and high schools. Large market but the question is more about ensuring recurring revenue.
They live in Quebec, they are students, workers in the service industry, or in STEM and construction.
Interviews with school admins and HR reps. and students.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Word of mouth, social media, advertising campaigns for large language schools.
What are the main modes of marketing?
Word of mouth, social media, advertising campaigns for large language schools.
How does government regulation affect the industry?
Seems like…. not much?
How sensitive is the industry to seasons and economic cycles?
Sensitivity to seasons perhaps during school vs. not in school. Over the summer the market may be different although still existant. Economic cycles may mean that corporate training gets cut. School funding should remain stable.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Average hourly wage: $24/h cad.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Selling digital products
Library, and other sellers on eBay
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
E-books, music, software, competitor websites like duolingo, workbooks, flashcards, online courses, blogs, and language magazines,
LinkedIn, and language learning forums. Library may have info
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Social learning, micro learning, personalized learning, gamification, and mobile learning. Costumers looking for wellness and self care includes learning new languages
Language learning communities, social media, online discussion boards like reddit, my Spanish teacher, stack exchange, and other forums
How big is my target market and where do they live or work?
Latin America, Europe, and the US. Educators, business professionals, travellers, and healthcare professionals
AI, the internet, library’s, and talking to my Spanish teacher
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
SEO, social media, blogs, videos, and infographics. Email marketing too
What are the main modes of marketing?
SEO, social media, blogs, videos, and infographics. Email marketing too
How does government regulation affect the industry?
Consumer protection, intelectual property, and maybe Education regulations
How sensitive is the industry to seasons and economic cycles?
Increase during summer when students have free time, but during the school year for teachers. But in an economic downturn less people would be willing to pay for these tools
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Less than $45000. No average it’s a pretty open market especially for language learning.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Food / Medicine
google or by contacting me the owner
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
other Authentic cusine places
other herbal medicne shops
social media
in person at locations
at website
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
the lack of athentisity
over priced food
rise in food prices
tik tok
instagram
facebook
news papers
How big is my target market and where do they live or work?
my Target market is big , its regular people if they work or not and doesnt matter of the gender
tik tok
instagram
facebook
twitter
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
the main modes of marketing are through advertisments and commercials .
What are the main modes of marketing?
the main modes of marketing are through advertisments and commercials .
How does government regulation affect the industry?
suppress unfair competition , safeguard public safety health and avoid consumer fraud,
How sensitive is the industry to seasons and economic cycles?
the demand may fluctaute or rise depending on the season and country.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
waste reduction
downtime
sensory evaluation
production yield
employee productivity
compliance with regulatory standards
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Mental Health Care
LinkedIn Company Categories
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Wisdo
Circles
7 Cups
TogetherAll
Google/Crunchbase
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Expensive healthcare/therapy costs
Seeking for more affordable technologies/services
Health sites
How big is my target market and where do they live or work?
USA (Serviceable Addressable Market)
DataUSA
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social Media
Word-of-Mouth
Influencer Outreach
What are the main modes of marketing?
Social Media
Word-of-Mouth
Influencer Outreach
How does government regulation affect the industry?
Health Insurance Portability and Accountability Act (HIPAA)
How sensitive is the industry to seasons and economic cycles?
Mental health services is slightly recession-proof as there will always be a need for mental health services in times of dire need.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
5412 – Accounting, tax preparation, bookkeeping and payroll services.
Statistics Canada
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
The big 4
Medium sized accounting firms
Small practices and solo accounting practitioners
Their websites and reviews, determine cause for bad reviews.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Increased need of technology and automation
Google trends
How big is my target market and where do they live or work?
More than half of Canada’s small employer businesses are concentrated in Ontario and Quebec (439,694 and 250,724, respectively)
https://ised-isde.canada.ca/site/sme-research-statistics/en/key-small-business-statistics/key-small-business-statistics-2022
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Paid ads
Email newsletters
What are the main modes of marketing?
Paid ads
Email newsletters
How does government regulation affect the industry?
Yes, GAAP and other standards are regulated
https://www.tbs-sct.canada.ca/pol/doc-eng.aspx?id=32509
How sensitive is the industry to seasons and economic cycles?
Moderately sensitive
High traffic during tax season and other deadlines
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Average mark-up % changes
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Fashion
Online, Youtube, Classes, Articles, Courses, Videos, Tik Tok
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Uniqlo, Artizia, Kith, Aime Leon Dore, Zara and H&M
Website, Articles,
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
sustainability, ethics, and shipping
Articles, Twitter, and Tik Tok
How big is my target market and where do they live or work?
My Target Market is always growing as there will always be young people. They live in the west but as more emerging economies grow they have more purchasing power so we might expand there in the future.
Universities, Statistics Canada, School Boards/Ministry of Educations
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Fashion Shows, Indursements, Influencer, Social Media, Magazines and much more.
What are the main modes of marketing?
Fashion Shows, Indursements, Influencer, Social Media, Magazines and much more.
How does government regulation affect the industry?
Tariffs, Duties, Where it is manufactured, How it is manufactured and the Sustainability aspect with carbon emissions.
How sensitive is the industry to seasons and economic cycles?
during recessions people tend to buy less clothing but they do buy more affordable clothing if they have too. November and December are usually the month where people spend the more.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Profit Margins and Sales.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
NAICS OD4576 / 51913
This Industry distributes pornographic content via the internet. It generates revenue through advertisements and membership subscriptions. The industry does not include offline distribution of pornography, or live webcam shows.
Included:
Filming pornographic content
Internet distribution of pornographic videos
Editing pornographic videos
Marketing services.
51913 Internet Publishing and Broadcasting and Web Search Portals
518210
Industry identifier a42895e38553223d0f4455ac0f3d7825
ibisworld.com,
isde.canada – financial performance data
Ask Kodiak
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
MindGeek Llc
Fansly.com
Manyvids.com
clips4sale.com
onlyfans.com
allmylinks.com
semrush.com
https://www.webroot.com/ca/en/resources/tips-articles/internet-pornography-by-the-numbers
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
About 200,000 Americans are classified as “porn addicts.”
40 million American people regularly visit porn sites.
35% of all internet downloads are related to pornography.
Advancements in AI imagery creation and video generating
Development of online BOT chatting tools
Developments in AR & VR
The cultural shift towards more sexually inclusive mindset and morales.
COVID 19
Viewer ship of female friendly porn has risen 1400% from 2013-2017
The trends in pornography consumption are varied by demographics. Men between the ages 18-30 are the most frequent consumers. However, women’s consumption has been on a rise in recent years, especially among young adults. Also, there’s noted consumption among older adults and engagement across various sexual orientations.
https://www.blg.com/en/insights/2016/01/pornography-in-the-workplace-trends-and-developments
https://psycnet.apa.org/record/2022-41606-004
https://mediasmarts.ca/digital-media-literacy/digital-issues/pornography/responding-online-pornography
Grubbs, J. B., Wright, P. J., Braden, A., Wilt, J. A., & Kraus, S. W. (2019) Internet pornography use and sexual motivation: A systematic review and integration. Annals of the International Communication Association. http://dx.doi.org/10.1080/23808985.2019.1584045
How big is my target market and where do they live or work?
75 million internet users are viewing porn per second.
30% of the internet industry is related to pornography
Est, 40 million Americans regularly visit porn sites.
70% of men aged 18-24 visit porn sites at least once per month
Adult websites make up over 12% of all websites. landing around 4.2 million
Adult content is 20% of all e-commerce sales made online in the united states.
1.7% of all adult women have worked in pornography
52% of all pornography consumers in the united states are age 35-49
the most common age for consuming porn is 18-24 with a 77% recent consumption rate.
In the United States alone, the pornography industry generates $12-14 billion in annual revenue.
40% of porn users are female
GItnux.com
https://www.cyber.harvard.edu
https://www.researchgate.net
https://www.ftnd.org
https://www.cyber.harvard.edu
https://www.vice.com
https://www.huffpost.com
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social Media
Cross-posting
targeted advertising
What are the main modes of marketing?
Social Media
Cross-posting
targeted advertising
How does government regulation affect the industry?
The Canadian government does not regulate this market. The only legal regulations that effect the industry is the obscenity laws and age verification laws which only apply to come provinces.
Also the recently implemented online harms act, requires online content platforms providers to report possible incidents of child pornography as well as be accountable for complaints or reports procedures on the content they have posted.
How sensitive is the industry to seasons and economic cycles?
This industry sees slight variations of usage in the spring and summer months when they see a small percentages in decrease of the traffic.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
This industry has minimal date that offer insights into key measures due to the general private nature of the industry and the lack of transparency when it comes the revenues and various streams earned.
Overall global revenue 97 billion
They are also clear insights into demographics for marketing.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Graphic Design
Internet, library, people in the industry
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
SocialRise
Studio 123
AEG Design
Launch PAd
online, word of mouth
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
design trends (style that’s in)
increase cost of living
AI
environment – trees
small businesses closing
digital marketing vs print
internet – social media, google, people in industry
How big is my target market and where do they live or work?
very large as I market to businesses. They would be business owners. I can offer services globally.
internet
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
social media, seo, networkings, reviews/referrals, commission, markets
What are the main modes of marketing?
social media, seo, networkings, reviews/referrals, commission, markets
How does government regulation affect the industry?
N/A
How sensitive is the industry to seasons and economic cycles?
people will spend less on marketing when less funds. get spike of sales in school season. less sales after holidays.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
margine 15-35%
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Education/Private tutoring
Internet market reports, competitors
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Other individual tutors
Tutoring agencies
Youtube
Asking students, internet
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Online tutoring
Personalized learning
Market reports
Asking students
How big is my target market and where do they live or work?
My market is worth multiple billions and for the most part, they are studying still or working part time
Common information
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Word to mouth
Social Media
Internet websites
What are the main modes of marketing?
Word to mouth
Social Media
Internet websites
How does government regulation affect the industry?
n/a
How sensitive is the industry to seasons and economic cycles?
Very sensitive, in a time of economic downturn, most people would not want to purchase tutoring,however, people would still need to attend school
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
profit margins are 20-30%, for every 100$ i generate, i should keep 20-30$ (when i will hire tutors)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Video game industry
Gaming Magazines
YouTube & any streaming platforms
Social Media
Gaming conferences and events
Websites that is related to gaming
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Electronic Arts (EA)
Activision Blizzard
Ubisoft
Take-Two Interactive
Capcom
Square Enix
Bandai Namco Entertainment
Social Media
Magazines & gaming news websites
Company Websites
Industry conferences and events
Press Releases
Financial Reports
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Artificial Intelligence & Machine Learning
Indie Game Renaissance
Subscription Services
Virtual Reality
Cloud Gaming
Cross-Platform Play and Progression
Mobile Gaming Dominance
Social Media and Forums
Gaming Conferences and Events
Company Earnings Calls and Reports
How big is my target market and where do they live or work?
It depends but it can be roughly millions of people across the world.
Social Media
The internet
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Reach Out To Trending Influencers
Create Video Content & ect…
What are the main modes of marketing?
Reach Out To Trending Influencers
Create Video Content & ect…
How does government regulation affect the industry?
Taxation and Revenue: Governments may impose taxes
Import and Export Regulations
Intellectual Property Protection
Regulatory Compliance and Reporting
Content Regulation
Censorship and Localization
government regulation can have a significant impact on the gaming industry
How sensitive is the industry to seasons and economic cycles?
The holiday season between October and December, is traditionally a peak time for the gaming industry. Many consumers purchase gaming hardware, software, and accessories as gifts during this time, resulting in increased sales and revenue for gaming companies.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Cost of Goods Sold represents the direct costs associated with producing or acquiring goods sold by a gaming company. For physical products, COGS includes manufacturing costs, materials, and shipping expenses. For digital products and services, COGS may include content licensing fees, server costs, and digital distribution fees.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Education
NAICS
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Art Classes, Companies, Collectives
Independent Art Tutors
Non-Profits
I can observe the people that YMCA are contracting to provide workshops and research into them.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
More youth newcomers to Canada
Economic downturn resulting in higher demand for resources provided by nonprofits
Looking up immigration stats and interviewing newcomers on their demand for free workshops and social spaces
How big is my target market and where do they live or work?
My target market is currently limited to nonprofit organisations that work with youths to provide free resources in Toronto. Their demand for workshops is consistent due to having constantly new youths to work with
Websites of the organisations I’m interested in working with
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social Media
Flyers and Posters
Email
What are the main modes of marketing?
Social Media
Flyers and Posters
Email
How does government regulation affect the industry?
Primarily regulation of safety measures when doing art classes such as chemical safety and using materials and tools safely
How sensitive is the industry to seasons and economic cycles?
As it is a non essential industry, it is highly effected by economic cycles, with seasons having a lower effect
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Sales commissions
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Global Mental Health App Market
Mental wellness
online sites
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Elomia – ai therapy chat
https://apps.apple.com/us/app/elomia-ai-therapy-chat/id1545915422
https://www.wysa.com
https://replika.com
https://woebothealth.com
https://www.youper.ai/how-it-works
Reflectly – Journal & AI Diary 4+
https://www.mindsera.com
google and social media
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
AI regulations
mental wellness needs
stigma around mental wellness
external problems in the world
https://www.precedenceresearch.com
How big is my target market and where do they live or work?
North Americans, 18-35 looking to improve their wellness
social media
user persona sites
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media, B2B partnerships (direct reach out)
What are the main modes of marketing?
Social media, B2B partnerships (direct reach out)
How does government regulation affect the industry?
High government regulation in certain countries surrounding data privacy and ai usage
How sensitive is the industry to seasons and economic cycles?
sensitive in a good way. In bad economic times or seasonal depression, people need my product more.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
customer retention
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Music
Industry professionals in my circles, societies like SOCAN etc.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Musicians and performers, music producers, songwriters and composers, recording engineers, music publishing professionals, managers, promoters
All of these specific professions in the music industry have societies and organizations that are a good starting place to find information. I also know people working in many of these roles, and can learn a lot from them.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
The music industry is especially impacted by general trend patterns and current pop culture. Any large social movement or experience is reflected in the industry.
Social media plays a big role in the music industry, and is a good way to monitor trends. Many of the associations and societies in the industry also collect more specific data about trends in reports.
How big is my target market and where do they live or work?
Our target market is young and emerging musicians, so it is a large group of people, although we are initially hoping to connect with people in our areas, Toronto and Nova Scotia. They likely have part- or full-time jobs which may or may not be in the music industry.
We run in circles of people who would all fit into what we would consider our target demographic, which is a huge benefit. We are also connected with groups such as Music Nova Scotia or the Screen Composer’s Guild where we are able to connect with young and emerging musicians in a networking context.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
1. Digital marketing: Online advertising is an important mode of marketing and is only growing as time goes on, especially when it comes to social media.
2. Promotion through streaming services, such as having your work placed on curated playlists or paying to have it promoted to a target audience.
3. Live performance
4. Merchandise
5. Press and mainstream media (Talk show appearances, etc)
6. Music licensing (having work played in TV shows, etc.)
7. Brand deals and collaborations
8. Promotional displays (billboards, etc.)
What are the main modes of marketing?
1. Digital marketing: Online advertising is an important mode of marketing and is only growing as time goes on, especially when it comes to social media.
2. Promotion through streaming services, such as having your work placed on curated playlists or paying to have it promoted to a target audience.
3. Live performance
4. Merchandise
5. Press and mainstream media (Talk show appearances, etc)
6. Music licensing (having work played in TV shows, etc.)
7. Brand deals and collaborations
8. Promotional displays (billboards, etc.)
How does government regulation affect the industry?
1. Copyright law
2. Funding and grants (Canada Council for the Arts, etc.)
3. Taxes
4. Broadcasting regulations
5. In some cases, censorship & restrictions of media
How sensitive is the industry to seasons and economic cycles?
1. Seasons have a significant impact on sales in the music industry- for example, the holiday season is one of the most profitable seasons due to the sales of holiday music and increased consumption of music and media overall. The summertime is also significant because it is concert and festival season.
2. Economic cycles also have a significant impact. Music is not a basic necessity in the way that food or shelter is, so during a period of economic downturn where consumers have less disposable income, the music industry takes a hit.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
1. Revenue streams: There are many ways to make revenue in the music industry, and the popularity and relevance of different types of music consumption shift and change over time.
2. Audience engagement
3. Cultural impact/relevance
4. Performance of other media industries: The music industry is very interconnected with other industries such as film, television, and news, so the performance of those industries impacts the performance of the music industry.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Automotive
you can find out about this over the internet.
in school
going to auto shops and asking questions
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
local auto shops
mobile mechanics
auto parts
internet
local shops
maps
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
inflation in economy
electric cars
shortage of cars
shortage of parts
shopping around for parts
checking and updating myself on new information on new cars and electric cars.
How big is my target market and where do they live or work?
my target market is very big, because every household has a car and there is always some type of work needs to be done on those cars.
they live in residential and or commercial area. people can be working anywhere but they need to travel and if they have a car they need to use the car to travel.
i can find more info in the internet, in maps
and just going around and talking to people.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Automotive marketing encompasses a wide range of activities, including traditional advertising, digital marketing, social media campaigns, content creation, events, sponsorships, and other promotional efforts tailored to target specific demographics and meet the needs of consumers interested in automobiles.
What are the main modes of marketing?
Automotive marketing encompasses a wide range of activities, including traditional advertising, digital marketing, social media campaigns, content creation, events, sponsorships, and other promotional efforts tailored to target specific demographics and meet the needs of consumers interested in automobiles.
How does government regulation affect the industry?
Government regulation in the automotive industry directly affects the way cars look, how their components are designed, the safety features that are included, and the overall performance of any given vehicle.
How sensitive is the industry to seasons and economic cycles?
These industries tend to be highly sensitive to changes in consumer confidence and spending, as well as broader economic trends.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Scrap & rejects are a measure of a company’s production quality. Automotive companies should strive to keep these figures low in order to ensure they are producing high-quality products.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Clothing
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
department stores
boutiques
malls
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
fast fashion
sustainability
thrift fashion
athleisure
How big is my target market and where do they live or work?
My target market is, they live
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
– Digital Marketing
– Fashion Shows
-retail visual merchandising
– Influencer marketing
– Branding/Packaging
What are the main modes of marketing?
– Digital Marketing
– Fashion Shows
-retail visual merchandising
– Influencer marketing
– Branding/Packaging
How does government regulation affect the industry?
Government regulation affect the fashion industry through trade policies, labour laws, environmental regulations, product safety standards. These regulations influence various aspects of the production, supply and consumer protection within the fashion industry.
How sensitive is the industry to seasons and economic cycles?
The fashion industry is highly sensitive to seasonal trends and economic cycles. Clothing brands must align their collections with seasonal trends, anticipate consumer spending habits influenced by economic conditions, manage inventory effectively, and adjust marketing strategies to navigate the dynamic market environment successfully. Adaptability and strategic planning are crucial for clothing brands to thrive in this industry.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
– sales revenue
– profit margins
– inventory turn over
– brand equity
– social media
– trend forecasting
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
– food industry
– deep fried foods
– internet
– library
– forums
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
– fast food
– deep fried food
– restaurant owners
– internet
– library
– forums
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
– economy (inflation/recession)
– internet
– library
– forums
How big is my target market and where do they live or work?
– they live and/or work in city cores, like downtown
– they’re working individuals or families
– internet
– library
– forums
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
– social media
– delivery apps
What are the main modes of marketing?
– social media
– delivery apps
How does government regulation affect the industry?
– licenses and permits
How sensitive is the industry to seasons and economic cycles?
Generally, the healthier the economy is, the more people spend. However, a loyal client base will always remain with the right marketing
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
– sales commissions to delivery apps
– average profit margins are 20%
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
485320 – Limousine service
NAICAS website
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Blacklane
Evolve – also electric
Who else is in the market that I want to compete in?
I can use Google and ChatGPT to find other competitors/leaders in the space in Toronto
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Push towards clean energy, zero emissions, sustainability in transprtation
Environmentally conscious customers
Younger demographic, newly successful perhaps
Women
Doing research on Google or ChatGPT about STEEP factors
Also using the MaRs site to find data resources
How big is my target market and where do they live or work?
Where are my customers located? Are they going to be local, or are part of the business going to advertise to non-Torontonians that come here for business/leisure etc? How do I find them, reach them?
About 105,000 millionaires are living in Toronto (according to Wealth Profesional).
Market research, using MaRs resources, ChatGPT
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Digital Marketing
Word of mouth
Network and partnerships
What are the main modes of marketing?
Digital Marketing
Word of mouth
Network and partnerships
How does government regulation affect the industry?
Licensing and certification requirements
Vehicle standards requirements
Minimum insurance coverage requirements
How sensitive is the industry to seasons and economic cycles?
There is an increase in demand in the summer months, and the holiday season
During tough economic times, companies/individuals tend to cut costs for luxury spending, such as chauffeurs
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
10-30& profit margins
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Agriculture
IDK the Experimental Farm Museum? youtube tutorials
Trade magazines
Local education groups
college
specific skills courses
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Loblaws
Walmart
Orleans fruit farm
There is an incredible wealth of information on the topic. Cbc often covers truss busting in the agriculture market
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Climate change
Fad diets
Nutritional awareness
the news
the internet
people
How big is my target market and where do they live or work?
All most everyone buys veggies
customer surverys
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Positions on the shelf of super markets
roadside stalls
Social media
What are the main modes of marketing?
Positions on the shelf of super markets
roadside stalls
Social media
How does government regulation affect the industry?
Bio-geography regulations (ex fertilizer dumps upriver can change the direction of the river downstream overtime )
Food regulations
Food handling
# of hens
Organic certification
How sensitive is the industry to seasons and economic cycles?
Demand is pretty stable for food but the type of food changes and how much people are willing to pay
We are incredibly sensitive to seasons and climate change
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Labour
inputs
Weather / bugs
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
SaaS pwa
youtube
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Asana, Trello, Swit, Indy, Click Up, Swit
Product Hunt
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Asana, Trello, Swit, Indy, Click Up, and any new product in Product Hunt related to team productivity
web
How big is my target market and where do they live or work?
8 billion people are the target market, with the majority residing in the US, Canada, and Europe.
Statistica
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
online
What are the main modes of marketing?
online
How does government regulation affect the industry?
ai limitation & security
How sensitive is the industry to seasons and economic cycles?
sensitive to economic cycle depending on downturn and upturn
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
conversion rate
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
From NAICS, for example, a few of the possible fits are 64120 -services for the elderly and persons with disabilities, 62160 – home health care services, 814110 – private households 81219 – other personal care services, 812990 – all other personal services 62441 – child day care services
global wellness institute
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Look Good, Feel Better
Selfmade (brand)
Mental by amy Keller Laird – partner with Mental to build community databases of vetted hairdressers, publish an article on their site advertising caring together ,
The Nap Ministry
Audre Lorde Project – wellness plans https://alp.org/breaking-isolation-self-care-and-community-care-tools-our-people
cocoa butter and hair grease- a skin and hair-care resource for women of colour , founded by donna oriowo, LICSW
Love518 salon – founded by Hadassa Felix, a hairstylist with extensive experience with extreme detangling
PyschoHairapy – hair care as an entry point into mental health services – founded by Afiya Mbilishaka , psychologist . offers certificate programs “The PsychoHairapy certification equips community members with the skills to administer culturally-informed mental health first aid and provides a curated therapist directory of local mental health professionals” – certifications are open to everyone
links hyperlinked on pages doc
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Societal trends:
an aging population , the care gap , psychodermatology , global rise of chronic disease
technological:
ai in health + beauty + wellness spaces
economic:
lipstick index
corporations investing in the wellness of the workforce is already happening and while be happening more and more.
eg investments in the mental health of a workforce has an ROI of more than double for companies with these
global wellness economy will grow at an annual rate of 8.6% , posed to be worth 8.5 trillion in 2027
hyperlinked on pages
How big is my target market and where do they live or work?
21 per cent of the working population in Canada is currently experiencing mental illness
alberta blue cross
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
agency referral
What are the main modes of marketing?
agency referral
How does government regulation affect the industry?
i dont think it does
How sensitive is the industry to seasons and economic cycles?
see the lipstick index . the industry is strong
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
not sure yet
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Independent artists, writers and performers/Retail Trade
The Government of Canada website.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
– Babes Brigade
– Roarockit
– Longboard Living
I went to a high school called OSF. I learned about these places from school and met all the business owners. More info can be found online.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
– S: Skateboarding/skateboards are seen as cool and rebellious. Both positive and negative views depending on the person/group of people.
– T: It is easier to make and design skateboards due to new technology and digital apps.
– E: Skateboarding is becoming less popular in some places, but more popular in others. It is expected that by 2030 the market size will grow 3.5%-4.00%.
– E: Deforestation/Decline in maple wood trees (therefore less access to skateboard wood). Deforestation is also something that people are strongly against.
– P: Rules as to where you can skateboard.
Researching online, speaking to skateboarders or skateboard brand owners personally.
How big is my target market and where do they live or work?
My target market isn’t very large as it is a very niche market, though skateboarding for women is getting more popular. There are many women skateboarders mainly in Canada and America.
Asking around/searching it up on the internet.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Content marketing, email marketing (if you’re signed up for the newsletter), social media marketing, video marketing, and web design marketing.
What are the main modes of marketing?
Content marketing, email marketing (if you’re signed up for the newsletter), social media marketing, video marketing, and web design marketing.
How does government regulation affect the industry?
Skateboarding must be contained in certain areas, such as parks, forests, and public property, which wouldn’t affect the average skateboarder too much.
How sensitive is the industry to seasons and economic cycles?
In Toronto and most of Canada, skateboarding is common during summer, fall, and spring. Skateboarding doesn’t happen outside during winter, though some indoor skateparks are open during winter, such as Skate Loft. In other places where it is warm year-round, skateboard sales are more consistent.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
A skate shop with an online presence is likely to make more of a profit per year than a stand-alone shop. Usually, 50% of a skate store’s profit is due to people purchasing clothing, shoes, merch, magazines, etc. 30% of the overall profit is from wheels, skate decks, tools, and more.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Clothing business
Google, YouTube, Instagram, Facebook, TikTok, Pinterest
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Spencer’s, Hot topic, Vans, Dollskill, Nike, Adidas
Google, Instagram Facebook, TikTok, Pinterest, Commercials, YouTube
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Fashion trends/expectations, supply disruptions
Google, Instagram, Facebook, TikTok, Articles
How big is my target market and where do they live or work?
The target market is rather large. They can live and work anywhere!
Social media, gathering data
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
TV Advertisement, direct marketing, sales promotions, direct marketing.
What are the main modes of marketing?
TV Advertisement, direct marketing, sales promotions, direct marketing.
How does government regulation affect the industry?
Other than taxes, the government affects production expenses, the environmental and social impact on the clothing industry.
How sensitive is the industry to seasons and economic cycles?
The clothing industry is fairly high to seasonal and economic cycles.
From fashion trends and consumer demands to economic downturns like inflation and the pandemic, the clothing industry has faced many challenges and will continue to fluctuate in the future.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Some key measures in the clothing industry include improving demand forecast, the average profit margin (which is 4 to 13 percent.) Increasing digital presence and reducing markdowns.
All of these should increase the chances of maintaining a good KPI.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Beauty industry
Google, social media,
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
clients, friends
researching
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
health standards
social media
How big is my target market and where do they live or work?
gta 350,000 (women in Brampton)
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
social media, influence, email marketing
What are the main modes of marketing?
social media, influence, email marketing
How does government regulation affect the industry?
Health standards with lash extentions
How sensitive is the industry to seasons and economic cycles?
volume of how many clients will book
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
contantlely changing
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Art/Design/Beauty/Cosmetics/Fashion
Online, observation IRL
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Regular nail salons and other independent nail techs
Online and exploring the city
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Economic downturns are correlated with boost in beauty/cosmetics/nails industries (lipstick index)
Online
How big is my target market and where do they live or work?
Everywhere, anyone who enjoys having nice nails. Mostly working class city femme presenting individuals
Exploring the city, asking friends, making new friends
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Instagram, TikTok, YouTube
What are the main modes of marketing?
Instagram, TikTok, YouTube
How does government regulation affect the industry?
Depends on region. BC doesn’t require licenses anymore for home nails businesses and Health Canada controls the sanitary standards.
How sensitive is the industry to seasons and economic cycles?
Sensitive. For some reason, it improves during economic crises.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Profit margins vary from 50-500%, depending on materials cost (choice of supplier) vs. labour cost
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
marketing
internet/social media
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
the social media agency
social media
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
economic trends can create tight budgets for marketing
feedly, news, social media
How big is my target market and where do they live or work?
relatively large >10k, toronto
social media!
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
online, videos, social media
What are the main modes of marketing?
online, videos, social media
How does government regulation affect the industry?
will demonetize content easily if doesn’t meet the PG 13 guidelines
How sensitive is the industry to seasons and economic cycles?
very!!
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
–
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
fashion
internet, hair accessory stores in-person, news/articles
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Sephora
Lululemon
Slipsilk
Hairstrong
going in person to ask, internet sources
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
social media trends (e.g. tiktok, instagram)
internet (social media research), asking the new generation of teenagers what’s trending
How big is my target market and where do they live or work?
women of all ages (large market), not location specific
internet, asking women in person
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
social media/online
in-person stores
What are the main modes of marketing?
social media/online
in-person stores
How does government regulation affect the industry?
n/a (hair scrunchie)
How sensitive is the industry to seasons and economic cycles?
not sensitive (hair scrunchie)
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
delivery via Canada post is very costly, this is one of the biggest issues I have.
(e.g. price of 1 scrunchie is sold is $8, but canada post can charge $3-5 within Canada)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Beauty Industry
Through experience and networking
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Other nail technicians
Salon owners
Social Media
Experience
Google
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Attending networking events
social media trends
Having a google account
Using top shelf products
Online
Word of mouth
How big is my target market and where do they live or work?
My target market is pretty big especially as a nail technician the market is highly saturated.
My target markets are gta area are mainly based in Toronto, Brampton and Mississauga.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
social media
ads
word of mouth
networking
What are the main modes of marketing?
social media
ads
word of mouth
networking
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Food industry
Local businesses, libraries, local commerce organizations. Local small business networks
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Non registered Indian food business owners.
Registered restaurants.
Kijiji, Facebook market place, websites, social media chat groups
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
More work focused individuals, lack of cooking skills and knowledge. Lack of time. Lack of energy. Multiple jobs. Family responsibilities. Growing trend of trying out more authentic versions of a particular cuisine.
Community. Personal connections. School. Workforce. Student and youth organizations
How big is my target market and where do they live or work?
It is almost half of the residential population in Kingston. College/University students. Young professionals.
Local post secondary educational institutions websites, offices.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media, Word of mouth, Institutional recommendations/partnership.
What are the main modes of marketing?
Social media, Word of mouth, Institutional recommendations/partnership.
How does government regulation affect the industry?
Proper certified kitchen makes it a challenge to cook at a kitchen different than my home kitchen where I have all my ingredients and am comfortable with the surroundings and I never have to worry about running out of time. I can’t sell my food outside the province unless I get proper permissions.
How sensitive is the industry to seasons and economic cycles?
If the economy is down, it will affect the buyer’s spending capacity. The food industry is quite sensitive to the economic cycles. In terms of seasons, summer might be a slower season if the buyers are students or working professionals when they go on vacation.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
The quality of food and keeping it cost effective. The competition is pretty tough because larger food restaurants have lower cost and higher margins due to their business nature.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Performance based marketing
online websites
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Anyone selling a brand
Online websites
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Artificial intelligence
Online Websites
How big is my target market and where do they live or work?
Huge, around the world
online markets.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
unattached, involved, related
What are the main modes of marketing?
unattached, involved, related
How does government regulation affect the industry?
protect consumers from unsolicited communications and deception
How sensitive is the industry to seasons and economic cycles?
depending on the season and the trends the industry can be very sensitive and drive up sales.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Conversion rates, investments, etc.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Agriculture
internet, library, local farmers
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
local farmers, international brands
online or farmers markets
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
seasonal
online and farmers markets
How big is my target market and where do they live or work?
everyone, but mostly urban centers or suburbs
online
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
Agriculture and Agri Food Canada
How sensitive is the industry to seasons and economic cycles?
extremely
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
population and free cash flow in the market
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Textile manufacturing – commercial screen printing
Jewelry manufacturing
North American Industry Classification System
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Sunshine, DUMBCLUB, Janina Rossiter
lots of shopify and etsy competitors, other entreprenuers
Printful.com (10 Successful Print-On-Demand Store Examples)
shopify, etsy
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
what is popular and what isn’t, the economy dictating how much people are willing to pay
online, social media
How big is my target market and where do they live or work?
my target market is pretty big since it’s on the internet, anyone on the internet that wants these things can buy them, typically those from teens to 20s and early 30s though, people who are on social media and spend free time scrolling and looking at online stores
don’t really know how to answer this, anyone/where that’s online really
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
social media advertising
What are the main modes of marketing?
social media advertising
How does government regulation affect the industry?
Doesn’t do much, you just have to have a safe and clean environment and not negatively affect the land
How sensitive is the industry to seasons and economic cycles?
things like hoodies sell more in winter and tshirts sell more in summer. If the economy is good, people are more willing to spend their money on indulging and buying some fun clothes
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
average profit margins is around 20% and sales are up to you on how well you market and what you are selling, if it is popular or not.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
AI Automation Agency
Online
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
AI Automation Agency, AI for Work, Clay Experts, Axe Automation, Idea Link, Plai, Botsify, and Media.Monks
These agencies help businesses implement AI into their operations, often focusing on cost reduction and efficiency improvement.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Some current AI trends include more realistic expectations, multimodal AI, smaller language models and open source advancements, GPU shortages and cloud costs, model optimization becoming more accessible, customized local models and data pipelines, more powerful virtual agents, and regulation, copyright and ethical AI concerns
online, for example, on their official websites or business news websites.
How big is my target market and where do they live or work?
The global AI market size was valued at USD 515.31 billion in 2023 and is projected to grow from USD 621.19 billion in 2024 to USD 2,740.46 billion by 20322. The market is global, with significant contributions from regions like North America, Europe, and Asia Pacific.
market research reports and economic data sources.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Common modes of marketing in the AI industry include content marketing, social media marketing, email marketing, search engine optimization, and event marketing
What are the main modes of marketing?
Common modes of marketing in the AI industry include content marketing, social media marketing, email marketing, search engine optimization, and event marketing
How does government regulation affect the industry?
The AI industry is subject to various government regulations, which vary by country. In Canada, for example, the proposed Artificial Intelligence and Data Act (AIDA)
How sensitive is the industry to seasons and economic cycles?
The AI industry’s sensitivity to seasons and economic cycles is not well-documented. However, the industry is sensitive to economic factors such as investment in technology and R&D, market demand for AI solutions, and global economic health.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Other key measures in the AI industry could include the rate of AI adoption, the number of AI startups, investment in AI, and the number of AI-related patents. These measures can be found in industry reports and databases.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Beauty and Personal care
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Sephora
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
natural and organic products, online sales
https://www.mckinsey.com/industries/retail/our-insights/the-beauty-market-in-2023-a-special-state-of-fashion-report
How big is my target market and where do they live or work?
$8.83 Billion USD
Statista
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
offline and online
What are the main modes of marketing?
offline and online
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
summer, christmas, Growing demand for natural and organic products
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
purchasing criteria: quality, low price, brand, skin compatibility
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Education
The archives at the library
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Charity philosophers, humanitarian groups, volunteers, WHO, UNICEF, Salvation Army, RESET, YW Calgary, Luna Child and Youth Advocacy
Through the different websites and by meeting with stakeholders.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Economy, social media exposure, school campaigns, rehabilitative efforts and interventions, information on boh quantity and quality of provincial and federal governmen agencies.
Through different websites and groups such as “Prosper Canada”, “Prospect Human Services”, “Momentum” and many more.
How big is my target market and where do they live or work?
I aim to support small groups, sections or quadrants of the city, farmland, rural or urban areas of 10,000 or less.
https://www.statcan.gc.ca/en/start
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
School advertising, facebook, kijiji, YouTube, word of mouth, parents groups, academic subscriptions, alumni mentions.
What are the main modes of marketing?
School advertising, facebook, kijiji, YouTube, word of mouth, parents groups, academic subscriptions, alumni mentions.
How does government regulation affect the industry?
By providing Common Arts license and infringment copyrights education.
How sensitive is the industry to seasons and economic cycles?
The industry is dependent on the local government’s ability to match careers, employment and continuous rehabilitative efforts throughout each season as well as adapt to the economic cycles and prepare for unforeseen divine acts of God.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Training throughout the blind gaps, mentorship, coaching, defeating statistical odds, striving for betterness and adopting balance of status.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Lifetime Abilities
On searching under Lifetime Abilities on any search engine.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
People with lived experience
Agencies – Developmental Services
Support workers
Families
Friends
Unions
Unions / Cupe / Opseu
Agencies
Search Engines
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Finance – money to get started
Business Advisor – mentor / coach
Registering our business with CRA / City
Very new at starting a business on our own
Not experienced at this.
Search Engines
Agencies
Contacting City Hall
Taking training on how to start a business on linked in learning
Get some pointers from someone who is successful
How big is my target market and where do they live or work?
The audience we would like to engage with is various stakeholders who would be able to work together with us as we have a lot to teach, support and speak with.
They can work either in person in an office, virtually from their home residence using technolgy to speak with us. They can work in diverse places such as cities and towns all over Ontario and the world.
It can be located through social media, searching the internet, speaking with agencies, families and people with lived experience.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Using Social Media
Using televsion and radio advertisements
Attending conferences and having a table there to promote
Having business promotional material to showcase
Having business cards
What are the main modes of marketing?
Using Social Media
Using televsion and radio advertisements
Attending conferences and having a table there to promote
Having business promotional material to showcase
Having business cards
How does government regulation affect the industry?
The governement would be able to provide funding to get us started
They can partner with us
Regulations are not always in accessible language for people to understand
How sensitive is the industry to seasons and economic cycles?
Our business would see in the beginning have a slow start as we will be just getting started but once people see what we are all about then we will be able to see an increase of advancement from our stakeholders.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
We will have slow profit margin in the beginning as we won’t have a lot of income.
Our sales will slowly increase while we engage with our targeted stakeholders
Any commission we will receive will shared evenely among people involved
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Technology Retail
Online,
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Amazon
Best Buy
Newegg
Micro Center
Walmart
Target
Apple Store
Microsoft Store
Dell
HP
Lenovo
Samsung
Sony
Staples
Office Depot
B&H Photo Video
Costco
Alibaba
JD.com
Statistia
Gartner
Tech Crunch
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Chip shortages, Sustainability practices
Online, Papers, Media
How big is my target market and where do they live or work?
Regina, Windsor, Calgary – Students, everyday users, offices, gamers.
Google trends, Meta Data collections,
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Ads, for the product the advertising has already been done, and iphones do not need more marketing so just list and they sell.
What are the main modes of marketing?
Ads, for the product the advertising has already been done, and iphones do not need more marketing so just list and they sell.
How does government regulation affect the industry?
The regulations are not that harsh, basic laws such as making sure your descriptions are accurate correctly shipping and reporting stolen goods.
How sensitive is the industry to seasons and economic cycles?
Its not that sensitive however a boom is noted in the winter times and fall, due to school, and in winter people look forward to spending time indoors.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Sales, Possible Faulty pieces, grading of the piece, shipping costs.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Dog Training
Pet Care
Online
Online
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Dog Trainers
Dog Daycares
Dog Kennels
Pet Stores
Online
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Fear Free/ Force Free
Positive Reinforcement
Online
How big is my target market and where do they live or work?
Medium sized market
Lower mainland
Online
Current clients
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
Besides the location of a storefront, there is very little government regulation.
How sensitive is the industry to seasons and economic cycles?
Somewhat sensitive.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Finance
Online and the library
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Construction/Renovation
On-site, as well as through various publications regarding trends in the industry, like lessened demand due to home prices
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Propellor Aero, users of DroneDeploy, several well-established companies with proprietary software
Online
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Advancements in cameras, battery weight, and ai-damage recognition are swiftly changing the market
Personal research, as some companies have gone under while others have thrived or managed significant contracts with the likes of major international airports.
How big is my target market and where do they live or work?
Roughly 6000 homes, primarily located in Elliot Lake, though several businesses along the North Shore of Lake Huron require the same
Direct discussion with affected parties, as I’ve been doing in working with roofers and other contractors in the region
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Advertising makes up a portion, while “word of mouth” is effectively the way to go, as prior contacts and contractors are likely to use and continue to use services once a format and a relationship has been established.
What are the main modes of marketing?
Advertising makes up a portion, while “word of mouth” is effectively the way to go, as prior contacts and contractors are likely to use and continue to use services once a format and a relationship has been established.
How does government regulation affect the industry?
As these are aviation relation, Transport Canada is the final arbiter on what operations can be performed and with what permissions, in a given area. With proper licensing, this is largely not an issue, but flying drones of a certain weight requires authorization in a number of places, as along the border or within range of either an airport or aerodrome.
How sensitive is the industry to seasons and economic cycles?
Most drones are not recommended to be used under a particular temperature, so late fall and winter operations are off the table. Thankfully, most construction also halts at this time, so it lines up with the wider industries that necessitate the service.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Every year, the equipment improves, while regulations tighten. A strict and regular watch on these factors is essential, otherwise a pilot might find themselves in violation of local law or otherwise un-covered by insurance as they’re “flying recklessly.”
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
services
Driving Academy
at the library, finding people in the same business, learning from their personal experiences
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Globe Driving Academy
Aamco Driving School
Yusra Driving School
I can go to their websites and see what services are they providing
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
There are a lot of driving schools, hence a lot of competition
I can find out about these schools on their school websites and their google reviews, it can help me understand how good or bad their services are, and get ideas of what to do and what not to do.
How big is my target market and where do they live or work?
their is a lot of business in the entire GTA as new immigrants will keep coming and requiring to drive and the young kids will keep growing up and learning to drive.
this service will be used by new immigrants and youth.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
the best marketing mode is through social media, adds, flyers, word of mouth.
What are the main modes of marketing?
the best marketing mode is through social media, adds, flyers, word of mouth.
How does government regulation affect the industry?
one has to have a Driving School License, which needs to be renewed yearly.
How sensitive is the industry to seasons and economic cycles?
it gets slightly slower in winter and picks up really well in summer.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
a good reputation is very important, Driving Instructors and in class teachers play a huge roll in this business, a thorough check needs to be kept to see the job is done properly and we have a happy client in the end.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Automotive/transportation
The internet
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Startups & crowd funded groups
The internet
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Technology & innovation
The internet
How big is my target market and where do they live or work?
Massively funded startups, various places
The internet
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Crowd & equity funds
What are the main modes of marketing?
Crowd & equity funds
How does government regulation affect the industry?
The development of the industry is juvenile so the FAA & other international flight associations govern the airspace.
How sensitive is the industry to seasons and economic cycles?
Extremely
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
N/A
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Financial Planning, Legal Assistance
Online research, company websites, industry resources
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Attorneys, Financial Planners, Online Platforms
Company websites
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Aging population
Anti-Black Racism and Equity Movements
Rising number of single parent households
Social Media
How big is my target market and where do they live or work?
Ontario -black community age 30-70
Statistics Canada, community research/data,
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social Media, SEO, Community Outreach, email marketing, advocacy campaigns, referrals
What are the main modes of marketing?
Social Media, SEO, Community Outreach, email marketing, advocacy campaigns, referrals
How does government regulation affect the industry?
while government regulation can increase operational costs and limit flexibility, it often leads to higher standards for safety, fairness, and environmental protection, which can benefit consumers and society as a whole.
How sensitive is the industry to seasons and economic cycles?
For your charitable trust, seasonality and economic cycles may impact donor engagement and funding availability. For instance:
Economic Cycles: Charitable donations often decline during economic downturns as individuals and businesses cut back on non-essential expenses. However, some charitable giving may increase if your cause aligns with current needs (e.g., economic relief).
Seasonal Patterns: Many donors give at the end of the year for tax reasons, so your trust might see a spike in donations during this period. Awareness campaigns tied to seasonal events or awareness months could also boost visibility and engagement.
Adapting strategies for these cycles can help ensure steady support for your trust’s mission throughout the year.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
critical metrics:
Fundraising Efficiency: This measures how effectively the trust raises funds relative to the costs involved. It’s usually expressed as the ratio of funds raised to the costs of fundraising activities. Lower costs per dollar raised indicate more efficient fundraising.
Program Efficiency Ratio: This ratio shows the percentage of total expenses dedicated to the charitable programs and services rather than administrative or fundraising expenses. Higher ratios suggest that the trust is effectively channeling resources to its mission, which is often essential for donor trust.
Donor Retention Rate: Retaining existing donors is crucial, as acquiring new donors is generally more costly. The donor retention rate measures the percentage of donors who continue to support the trust year over year. Strong retention can indicate satisfaction and loyalty to the cause.
Cost per Beneficiary: This metric assesses the cost of delivering services per person helped. Lower costs per beneficiary may indicate efficient operations, although it’s also important to balance cost-cutting with the quality of services provided.
Social Return on Investment (SROI): SROI estimates the value generated by the trust’s programs relative to the resources invested. This goes beyond financial ROI, capturing the social or community impact (like improvements in health, education, or economic well-being). A higher SROI indicates that the trust’s activities are creating meaningful impact per dollar spent.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Personal care services.
Internet
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Beauty First, Joie Day Spa, SkynMedSpa
Internet
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
More demands.
Internet
How big is my target market and where do they live or work?
● Women and some men
● Current customers RD
● Kawan’s barbershop’s customers (men, children, female guardians)
● Friends and family
● Hamilton, Burlington
● Media
● $60-75k annual income
● Age between 16-50
Internet, family and friends
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Media
What are the main modes of marketing?
Media
How does government regulation affect the industry?
License and inspection
How sensitive is the industry to seasons and economic cycles?
Not much
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
No
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Professional services; psychotherapy
https://www.ocswssw.org/
https://www.ocswssw.org/registrants/psychotherapy/
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
All other practioners including CRPO, CNO, OCCUPATIONAL THERAPISTS.
Psychotherapy
PSYCHOLOGY TODAY
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
CRPO INCREASE DUE TO NEW INTAKES OF MASTERS OF COUNSELLING PROGRAMS
my industry has also moved to online
Through events, research, websites like psychology today.
How big is my target market and where do they live or work?
Ontario is my target market with individuals over the age of 18. Seeking psychotherapy. People living in the province only.
https://www.on.jobbank.gc.ca/marketreport/outlook-occupation/2234/ON
Online through research, through group and individual supervision
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
ONLINE, word of mouth, social media, email, online advertising
What are the main modes of marketing?
ONLINE, word of mouth, social media, email, online advertising
How does government regulation affect the industry?
Therapists are required to pay registration fees, insurance and become regulated. My profession as an RSSW is not tax exempt like other professions are under the new bill but hopefully this will be resolved.
How sensitive is the industry to seasons and economic cycles?
Very. Seasons can change if people need support. Economic cycles affect people’s ability to pay for therapy.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Number of practioners is growing.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Beauty and Wellness Industry
Subsector: Non-Invasive Beauty Solutions and Post-Operative Care
Online industry reports (IBISWorld, Statista, or market research sites)
Government health and wellness resources (e.g., Canadian Business Network)
Local business chambers and associations (Toronto Board of Trade)
Beauty and wellness trade journals and blogs
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Other local beauty and wellness clinics
Mobile post-operative care service providers in Toronto
Spa businesses offering detox and lymphatic services
Plastic surgery clinics with recovery packages
Google searches for local competitors
Yelp, Google Reviews, and Facebook business pages
Industry-specific trade shows or expos
Professional associations like Canadian Spa & Wellness Association
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Growing demand for non-invasive body sculpting treatments
Increased awareness of post-operative care and recovery benefits
Rise in wellness culture and self-care practices
Technological advancements in beauty equipment
Wellness industry blogs and publications (e.g., Spa Business)
Social media platforms and influencer trends
Research reports from Statista, Deloitte, or McKinsey
How big is my target market and where do they live or work?
Target market: Urban women and men aged 20–65 in Toronto
Key areas: Downtown Toronto, midtown, and suburban neighborhoods like North York, Etobicoke, and Scarborough
Census data from Statistics Canada
Local demographic reports from Toronto’s municipal government
Survey responses and interviews with prospective customers
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media ads (Instagram, TikTok, Facebook)
SEO-optimized websites with booking options
Partnerships with plastic surgery clinics
What are the main modes of marketing?
Social media ads (Instagram, TikTok, Facebook)
SEO-optimized websites with booking options
Partnerships with plastic surgery clinics
How does government regulation affect the industry?
Licensing and certification requirements for beauty professionals
Health and safety regulations for equipment and sanitation
How sensitive is the industry to seasons and economic cycles?
High demand during wedding and vacation seasons (spring/summer)
Some sensitivity to economic downturns but offset by high-income clientele
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Average profit margins: 20–40% depending on services offered
Sales commissions for referrals or partnerships
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Cook / Private Chef
internet
Shop Midland
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Caterers ( Phil’s, Georgian Bay caterers, FEAST)
Private Chefs ( major website)
Their own internet pages or business shops
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Cost of food and livings expenses
government websites
econimie
How big is my target market and where do they live or work?
North County Simcoe
Midland, Penetanguishene and Township of Tay and Tiny
internet, region websites
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Overhead Door Repair and Install
Online Radio Advertisment
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Jd doors
Creative door
OHD company
Various
Online radio advertise social media
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Technology with automated controls from devices
Economic most people are not in position to buy a garage door
Online news radio
How big is my target market and where do they live or work?
Municipal and surrounding area
commercial to residential clients
Customer segment interviews
Data research
Economic insight
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Advertisement through social media and radio
What are the main modes of marketing?
Advertisement through social media and radio
How does government regulation affect the industry?
Can possibly affect profitability by imposing further rules which may impact management of time and cost.
How sensitive is the industry to seasons and economic cycles?
Fairly but not limited due to being in a closed environment most of the process
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
?
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Business
Internet
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Business companies
Website
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Economy
News
How big is my target market and where do they live or work?
Depends
Survey business news
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Advertising
Word of mouth
What are the main modes of marketing?
Advertising
Word of mouth
How does government regulation affect the industry?
Yes
How sensitive is the industry to seasons and economic cycles?
Yes very important
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Government rules
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Digital Marketing/Media
Online, maybe library.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Economic, societal, technology.
Online, library books.
How big is my target market and where do they live or work?
My target market is women in the US & Canada ages 18-40, working in the art/creative/marketing/administraton industry.
Online
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media, email, and blogs.
What are the main modes of marketing?
Social media, email, and blogs.
How does government regulation affect the industry?
FDA compliance with products.
How sensitive is the industry to seasons and economic cycles?
Sustainable regardless. Digital products don’t have material costs, they can easily be adjusted to seasonal and economic differences.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Coffeehouse industry, Pet industry.
The internet or a library.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Cat Café on Whyte.
Their websites or visiting these establishments.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Increase in eco-friendly products, locally sourced ingredients, mental health awareness, and increased interest in animal welfare due to climate change.
Social media, people, the news.
How big is my target market and where do they live or work?
My target market works and lives in Lethbridge. There are about 13,245 people who are between the ages of 17-25, which is 13.5% of the population in Lethbridge.
Through various websites and nearby locations.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Branding, Human connection, Social media engagement, Loyalty programs, and Advertisements.
What are the main modes of marketing?
Branding, Human connection, Social media engagement, Loyalty programs, and Advertisements.
How does government regulation affect the industry?
Adhereing to strict health and safety regulations, Safety standards which means proper training and safe equipment, Labelling nutritional facts, Comply to ingredient regulations, etc.
How sensitive is the industry to seasons and economic cycles?
During warmer weather, there is a decrease in sales of warm beverages. It is very sensitive to economic cycles as they can decrease consumer spending.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Sales revenue, Customer satisfaction, Cost of goods sold, Inventory turnover, Profit margin, etc.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Mental health/education
Websites, non profits
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Students
High schools, youth events
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Social anxiety, youth not wanting to get involved in community
Talking to trusted adults in the system like at schools
How big is my target market and where do they live or work?
Youth in Richmond
Websites – statistics canada
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media, word of mouth
What are the main modes of marketing?
Social media, word of mouth
How does government regulation affect the industry?
Censorship in places like schools might not allow for more genuine interactions plus they regulated heavily who comes in and who doesn’t
How sensitive is the industry to seasons and economic cycles?
I hope to have people present at schools so likely recruitment happens during school breaks and storytelling happens during school hours
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Na
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Retail – Sports Equipment
Internet/websites
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Sports: Nike, Bauer, CCM, Decathlon, Diadora, Adidas,
Equine: Wintec, Weaver, Wrangler, Ariat
All over the internet, social media
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Increased inflation costs, increased tariffs, uncertainty within the political landscape
Following the news, the internet
How big is my target market and where do they live or work?
They live within a 45-60 minute radius of our shop location primarily, and they all work locally or do rotation work out of town
Local facebook groups and pages are very active and responsive
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
E-Commerce, digital marketing (collaborations, influencers, emails), retail store marketing
What are the main modes of marketing?
E-Commerce, digital marketing (collaborations, influencers, emails), retail store marketing
How does government regulation affect the industry?
Restrictions on items that can be brought into the country, especially now with new tariffs being introduced. This has an affect on the supplies available to us, as well as the COST of those prices.
How sensitive is the industry to seasons and economic cycles?
Reasonably sensitive in that we live rurally and our supply chain will be affected in severe weather
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Retail Trade – Home furnishings/Clothing
NAICS
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Other custom rug/patch sellers locally and online, large home stores (HomeSense etc.), custom pop-culture products, custom logo printers.
Etsy, Google trends, at the stores themselves,
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Tariffs impacting materials and causing more Canadians to buy locally; increasing frustration towards purchasing items and consuming in general; rising cost of living causing less purchasing of luxuries.
News outlets, online communities for rug tufting,
How big is my target market and where do they live or work?
16-40 year-olds, generally living in USA and Canada – apparently many in the USA.
Interviews with them, Instagram, friends in the age range,
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Crafting compelling product stories and sharing manufacturing processes – through social media platforms is the primary format.
Business to business specific outreach and relationship development as well.
What are the main modes of marketing?
Crafting compelling product stories and sharing manufacturing processes – through social media platforms is the primary format.
Business to business specific outreach and relationship development as well.
How does government regulation affect the industry?
Flammability and labelling requirements? I can’t tell if they actually apply to me.
How sensitive is the industry to seasons and economic cycles?
Not super sensitive to seasons, but is often correlated with increase in housing construction.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Not sure how to find this? For people working on my scale, I would guess average profit margin relative to rug size?
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Construction Technology
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Retail
In Person, at markets, in the Queer Village, online queer articles and demographic evidence
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Glad Day Bookshop, GrrrlSpells, Sugar Bones, Come As You Are, Flamingo Market, Queer Market Toronto, Pride Parade
Online, in person
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Trans rights are being revoked in North America
BBC, News Outlets
How big is my target market and where do they live or work?
Big in Toronto
Visiting the queer village
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
Trans rights are being attacked
How sensitive is the industry to seasons and economic cycles?
Not very sensitive
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Current president
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Hair care industry
Beauty industry
Google, stores that sell such products, company about us pages
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Shea moisture, carols daughter, coco love, african pride, creme of nature, ect.
Google, there about us pages on there website
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Acai, avocado ingredients. More super foods in hair products. Batana oil
Research different health articles from dieticians , naturopaths, and herbalists
How big is my target market and where do they live or work?
Big, in the gta and other predominant areas, US customers
Google, asking shop owners
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Right demographic that appeal to a specific type of product
What are the main modes of marketing?
Right demographic that appeal to a specific type of product
How does government regulation affect the industry?
Ingredient restrictions and regulations which is fair
How sensitive is the industry to seasons and economic cycles?
Not that sensitive but spring time sales increase
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Revenue Growth, Profit Margin, Average Order Value (AOV), Customer Acquisition Cost (CAC), Website Traffic & E-commerce Sales, Net Promoter Score (NPS), ect
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Halal Catering or food business
Online/ People
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Only a handful
social media websites
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Expensive food
online or people
How big is my target market and where do they live or work?
Toronto or gta
In person
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Social media or website
What are the main modes of marketing?
Social media or website
How does government regulation affect the industry?
Health saftey
How sensitive is the industry to seasons and economic cycles?
Busy during times then slow
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
na
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Retailing;clothing
On my website
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Uniqlo
Nike
Canada Goose
Arcteryx
Ihsan Society
Google, youtube, the internet
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
modelling shows, fashion industry, actors, athletes, celebs.
instagram, tiktok
How big is my target market and where do they live or work?
Worldwide, very big market.
Searching up muslim clothing on google, seeing the amount of results and searches.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
online, social media, word of mouth, local.
What are the main modes of marketing?
online, social media, word of mouth, local.
How does government regulation affect the industry?
tariffs, what countries produce clothing, etc.
How sensitive is the industry to seasons and economic cycles?
average- it isn’t a need, but a want so in severe economic cycles it can face issues.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
profit margins, cost to make, adverts, tax, tariffs.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Real Estate Agents / Brokers / Realty companies
Online (Google / Maps)
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Square Feet Photography & Floor Plans
The Realty Photo Co.
Real Square
Edmonton Photos
QuikSell Real Estate Photography
ModernVRTours
AlphaSpace
Visualize It
YEG Photo
Andrew Shaw Photography
https://www.squarefeetphotography.ca/
https://www.realtyphoto.ca/
https://realsquare.ca/
https://edmontonphotos.ca/
https://www.quiksellyeg.ca/
https://www.modernvrtours.com/
https://alphaspace.ca/
https://letsvisualizeit.ca/
https://yegpix.ca/
https://www.andrewshawphotography.com/real-estate/
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
1. Social Trends (S)
📈 Rise of Social Media Marketing in Real Estate
Realtors are increasingly using Instagram, TikTok, and YouTube for property promotion.
Short-form video content (Reels, TikToks, Shorts) is in high demand for property listings.
🏡 Changing Homebuyer Behavior
More buyers are starting their home search online, making high-quality visuals essential.
Virtual tours & video walkthroughs are preferred, especially for out-of-town buyers.
🎥 Increased Demand for High-Quality Visuals
Homebuyers now expect drone footage, 3D tours, and cinematic videos rather than just photos.
Professional media production is seen as a key differentiator for realtors.
💼 Personal Branding for Realtors
Realtors are now content creators, using professional photography/video to market themselves (not just their listings).
2. Technological Trends (T)
🤖 AI & Automation in Video Editing
AI-powered video editing tools are emerging, making content creation faster and more efficient.
Realtors want easy-to-use platforms to create branded videos quickly.
🛠️ Advanced Real Estate Marketing Tools
Virtual staging, 3D home tours, and augmented reality (AR) are becoming industry standards.
More realtors are using AI chatbots and CRM integrations for automated property marketing.
🚀 Faster Turnaround Expectations
Real estate professionals expect same-day or next-day delivery for listing photos and videos.
Cloud-based platforms allow instant access to media files for faster marketing.
3. Economic Trends (E)
💰 Cost-Conscious Realtors & Home Sellers
Market fluctuations make realtors price-sensitive, favoring subscription-based or bundled services over one-time purchases.
Clients prefer affordable marketing solutions with high ROI.
🏦 Real Estate Market Volatility
Interest rates, housing demand, and market trends affect how much realtors invest in marketing.
During slow markets, DIY marketing tools gain traction, but professionals who provide clear value will thrive.
💼 Freelance & Gig Economy Growth
More professionals (including photographers and videographers) are entering freelance real estate media.
Competition is increasing, making unique service offerings critical.
4. Environmental Trends (E)
🌍 Sustainability & Green Homes
Eco-conscious buyers and sellers prefer marketing that highlights energy-efficient homes, solar panels, and smart homes.
Realtors may seek drone footage showcasing green spaces & eco-friendly neighborhoods.
📉 Reduction in Travel & Physical Showings
Virtual home tours, 360° videos, and VR open houses reduce the need for in-person visits.
Sustainability-minded buyers prefer digital viewings over driving to multiple properties.
5. Political & Regulatory Trends (P)
🏠 Real Estate Advertising & Licensing Laws
Compliance with MLS listing photo/video standards is crucial.
Drone photography requires licensing & approval from aviation authorities.
📜 Privacy & Data Protection Laws
Realtors must ensure listing photos don’t reveal sensitive homeowner information.
GDPR & Canadian privacy laws regulate how online real estate media is stored and shared.
💰 Government Incentives for Digital Marketing
Some local grants support small business digital adoption, which could help realtors invest in professional media services.
1. Industry Reports & Market Research
PwC Emerging Trends in Real Estate → https://www.pwc.com
National Association of Realtors (NAR) Reports → https://www.nar.realtor/research-and-statistics
Canada Mortgage and Housing Corporation (CMHC) Reports → https://www.cmhc-schl.gc.ca
Statista Real Estate & Photography Industry Data → https://www.statista.com
2. Real Estate & Media Tech Websites
Inman News (Real Estate Technology & Marketing) → https://www.inman.com
Real Estate Magazine (REM – Canada) → https://www.realestatemagazine.ca
Tom Ferry Blog (Real Estate Marketing & Branding) → https://www.tomferry.com/blog
Lab Coat Agents (Social Media & AI in Real Estate) → https://www.labcoatagents.com
3. Social Media & Realtor Marketing Insights
YouTube Creators Blog (Video Marketing Trends) → https://blog.youtube
Instagram & TikTok Business Blogs (Short-Form Video Trends) → https://business.instagram.com | https://www.tiktok.com/business
LinkedIn Groups on Real Estate Marketing & Media
4. Local Edmonton Market & Industry Events
Edmonton Real Estate Board (RAE) Reports & Events → https://www.ereb.com
Alberta Professional Photographers Association (APPA) → https://appa.com
Edmonton Business & Digital Marketing Conferences (Check Eventbrite or Meetup)
5. Government & Policy Sources
Transport Canada (Drone Photography Regulations) → https://tc.canada.ca
Canadian Privacy & Marketing Laws (CASL & PIPEDA) → https://www.priv.gc.ca
How big is my target market and where do they live or work?
1. Number of Real Estate Agents in Edmonton:
As of recent data, there are approximately 329 registered real estate agents operating in Edmonton.
RATE-MY-AGENT.COM
2. Number of Real Estate Agencies in Edmonton:
Edmonton hosts around 518 real estate agencies, with about 83.98% being single-owner operations and 16.02% affiliated with larger brands.
RENTECHDIGITAL.COM
Geographical Concentration:
These professionals and agencies are predominantly located within Edmonton’s metropolitan area, focusing on various neighborhoods and commercial districts.
Key Takeaways:
Market Size: The combined total of individual agents and agencies suggests a substantial market for your services.
Location: Concentrated within Edmonton, facilitating targeted marketing and networking efforts.
Agency Structure: The prevalence of single-owner operations indicates a significant number of small businesses that may benefit from tailored media services.
Real Estate Industry Directories & Listings
Realtor.ca (Find active realtors & agencies) → https://www.realtor.ca
Rate My Agent (Agent reviews & rankings) → https://www.rate-my-agent.com/Edmonton-AB-Real-Estate-Company-Rankings
REALTORS® Association of Edmonton (RAE) (Local MLS & agent data) → https://www.ereb.com
2. Business & Industry Reports
Alberta Real Estate Market Reports → https://www.crea.ca/housing-market-stats
StatCan Real Estate Business Data → https://www150.statcan.gc.ca
Alberta Government Business Directories → https://www.alberta.ca/business
3. Networking & Real Estate Events
Edmonton Real Estate Meetups & Events (Find networking events on Eventbrite, LinkedIn, or Meetup)
BOMA Edmonton (Building Owners & Managers Association) → https://bomaedmonton.org
Chamber of Commerce (Business networking in Edmonton) → https://www.edmontonchamber.com
4. Google Business & Local SEO Insights
Search for “Real estate agents near me” on Google My Business to see active realtors.
Use Google Trends (https://trends.google.com) to track search interest in real estate services in Edmonton.
5. Social Media & Realtor Communities
Facebook Groups (Search for “Edmonton Real Estate Professionals” or “Edmonton Realtors”)
LinkedIn Groups (Join local real estate networking groups)
Instagram & TikTok (Follow active Edmonton-based realtors to see trends in real estate media marketing)
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
1. Social Media Marketing
Platforms: Instagram, Facebook, LinkedIn, YouTube, and TikTok.
Content Types:
Showcase your video production work, including virtual tours, property walkthroughs, and drone footage.
Share behind-the-scenes content of your photo/video shoots to build trust and showcase professionalism.
Use Instagram Stories or TikTok for short clips of properties or customer testimonials.
Paid Advertising: Run targeted ads specifically for real estate agents, agencies, and property sellers to increase visibility.
2. Search Engine Optimization (SEO)
Optimize Your Website: Ensure that your website ranks well on search engines for terms like “real estate photography Edmonton” or “video production for realtors Edmonton”.
Local SEO: Focus on Google My Business and local keywords to attract real estate professionals in your area.
Content Marketing: Create blogs, tutorials, and guides related to real estate photography and video marketing to position yourself as an industry expert.
3. Referral Marketing
Referral Program: Offer incentives for existing clients to refer new realtors to your service.
Partnerships with Real Estate Agencies: Establish relationships with local real estate brokerages and offer your services to their agents, potentially at discounted rates for initial projects to build trust.
4. Email Marketing
Newsletters: Send out regular updates about new services, special offers, or real estate marketing tips.
Targeted Campaigns: Create segmented email lists for different types of clients (agents, agencies, property developers) and send customized offers.
Follow-up Emails: After a successful project, send a follow-up email offering additional services, referrals, or discounts for repeat business.
5. Networking and Local Events
Attend Real Estate Conferences/Expos: Events like local real estate conferences, trade shows, or networking mixers are great opportunities to meet potential clients face-to-face.
Workshops: Host workshops or webinars on how real estate professionals can utilize video content and photography to market their properties more effectively.
6. Influencer Marketing
Collaborate with Local Influencers: Work with local real estate influencers or high-profile agents who can showcase your work and promote your services on their platforms.
Client Testimonials: Encourage satisfied clients to post about your services on their social media, which can have a more organic impact.
7. Paid Advertising (PPC)
Google Ads: Use paid search ads targeting realtors looking for video and photography services in Edmonton.
Social Media Ads: Use Facebook, Instagram, or LinkedIn ads to target real estate professionals and agencies in your area with tailored ads showcasing your portfolio.
8. Content Marketing
Video Content: Since your business is focused on video production, creating sample videos showcasing your work for realtors can attract attention.
Customer Case Studies: Highlight successful projects where your videos or photography have helped realtors close deals faster.
9. Traditional Marketing
Flyers/Postcards: Consider distributing flyers or postcards in real estate offices and local coffee shops that cater to real estate agents or home buyers.
Billboards: If budget allows, advertise in areas with high realtor activity.
10. Collaborations and Strategic Partnerships
Work with Other Real Estate Service Providers: Partner with staging companies, home inspectors, or even graphic designers to offer bundled packages.
Property Developers: Connect with property developers who frequently need high-quality media to showcase new developments.
What are the main modes of marketing?
1. Social Media Marketing
Platforms: Instagram, Facebook, LinkedIn, YouTube, and TikTok.
Content Types:
Showcase your video production work, including virtual tours, property walkthroughs, and drone footage.
Share behind-the-scenes content of your photo/video shoots to build trust and showcase professionalism.
Use Instagram Stories or TikTok for short clips of properties or customer testimonials.
Paid Advertising: Run targeted ads specifically for real estate agents, agencies, and property sellers to increase visibility.
2. Search Engine Optimization (SEO)
Optimize Your Website: Ensure that your website ranks well on search engines for terms like “real estate photography Edmonton” or “video production for realtors Edmonton”.
Local SEO: Focus on Google My Business and local keywords to attract real estate professionals in your area.
Content Marketing: Create blogs, tutorials, and guides related to real estate photography and video marketing to position yourself as an industry expert.
3. Referral Marketing
Referral Program: Offer incentives for existing clients to refer new realtors to your service.
Partnerships with Real Estate Agencies: Establish relationships with local real estate brokerages and offer your services to their agents, potentially at discounted rates for initial projects to build trust.
4. Email Marketing
Newsletters: Send out regular updates about new services, special offers, or real estate marketing tips.
Targeted Campaigns: Create segmented email lists for different types of clients (agents, agencies, property developers) and send customized offers.
Follow-up Emails: After a successful project, send a follow-up email offering additional services, referrals, or discounts for repeat business.
5. Networking and Local Events
Attend Real Estate Conferences/Expos: Events like local real estate conferences, trade shows, or networking mixers are great opportunities to meet potential clients face-to-face.
Workshops: Host workshops or webinars on how real estate professionals can utilize video content and photography to market their properties more effectively.
6. Influencer Marketing
Collaborate with Local Influencers: Work with local real estate influencers or high-profile agents who can showcase your work and promote your services on their platforms.
Client Testimonials: Encourage satisfied clients to post about your services on their social media, which can have a more organic impact.
7. Paid Advertising (PPC)
Google Ads: Use paid search ads targeting realtors looking for video and photography services in Edmonton.
Social Media Ads: Use Facebook, Instagram, or LinkedIn ads to target real estate professionals and agencies in your area with tailored ads showcasing your portfolio.
8. Content Marketing
Video Content: Since your business is focused on video production, creating sample videos showcasing your work for realtors can attract attention.
Customer Case Studies: Highlight successful projects where your videos or photography have helped realtors close deals faster.
9. Traditional Marketing
Flyers/Postcards: Consider distributing flyers or postcards in real estate offices and local coffee shops that cater to real estate agents or home buyers.
Billboards: If budget allows, advertise in areas with high realtor activity.
10. Collaborations and Strategic Partnerships
Work with Other Real Estate Service Providers: Partner with staging companies, home inspectors, or even graphic designers to offer bundled packages.
Property Developers: Connect with property developers who frequently need high-quality media to showcase new developments.
How does government regulation affect the industry?
1. Privacy and Data Protection Laws
Video Content Regulations: If you are capturing videos or images of private properties, you must ensure compliance with privacy laws, particularly when filming people, personal property, or sensitive areas.
PIPEDA (Personal Information Protection and Electronic Documents Act): In Canada, businesses are required to follow PIPEDA when handling any personal information in commercial activities. For real estate videos, ensuring that you’re not violating any privacy or data protection laws when filming public or private spaces is crucial.
Drones: If you use drones to capture aerial footage for real estate listings, Canada’s Transport Canada enforces strict rules for drone usage. You’ll need to obtain proper certifications, such as the Basic or Advanced Drone Pilot Certificate.
2. Copyright and Intellectual Property
Copyright Laws: Photographs and videos are intellectual property protected by copyright. You must make sure you own the rights to the images and videos you create, especially when it comes to licensing or selling content to clients.
It’s important to have clear contracts that define who owns the media (you as the creator or the realtor), especially for resale or reuse of the content in the future.
Music and Licensed Content: If you’re using music or stock content in your video productions, ensure you have the appropriate licenses to avoid copyright infringement.
3. Health and Safety Regulations
Workplace Safety: If you’re hiring photographers, videographers, or other staff, you must comply with Alberta’s Occupational Health and Safety (OHS) regulations. For instance, ensuring your employees are safe while filming in difficult conditions or on construction sites.
COVID-19 Guidelines: During the pandemic, certain restrictions impacted in-person showings, and filming may have been limited. While most restrictions have eased, ensuring that you stay compliant with health and safety guidelines when filming in occupied homes (e.g., wearing masks or sanitizing equipment) is still essential.
4. Licensing and Permits
Business License: Depending on the municipality, you may need a business license to operate a photography and video production service. In Edmonton, you may need to apply for a business license to legally operate.
Drone Pilot Certification: If your business involves drone photography or videography, you must comply with Canada’s drone regulations under Transport Canada. This involves getting the proper certification for drone operation, passing exams, and following guidelines on where and how drones can be used.
5. Advertising Standards
Advertising Laws: Any marketing or promotional material you create for your business, such as advertisements for real estate video services, must comply with Canada’s advertising standards.
The Advertising Standards Canada (ASC) ensures that advertising is truthful, fair, and accurate. If your promotional content misrepresents the services or uses deceptive tactics, you could face penalties.
6. Environmental Regulations
Eco-Friendly Practices: Although not always directly related to the industry, some government regulations encourage businesses to adopt eco-friendly practices. This could involve minimizing energy consumption, reducing waste, or using sustainable products when performing video shoots or offering services.
7. Real Estate Industry Regulations
Real Estate Licensing: As a service provider to realtors, it’s important to stay informed about real estate regulations in Alberta. In Canada, real estate professionals are regulated by provincial bodies, such as the Real Estate Council of Alberta (RECA).
You may need to stay compliant with any advertising guidelines set forth by the regulatory bodies for real estate professionals, ensuring that the video or photos you create align with ethical standards.
8. Taxation and Business Regulations
Sales Tax: In Alberta, businesses are required to collect the Goods and Services Tax (GST) on the services you provide. Make sure to follow tax regulations and file the appropriate taxes when offering real estate video services.
Business Structure: Depending on how you structure your business (sole proprietorship, partnership, corporation), there may be different regulations and requirements for taxes, liability, and permits.
How sensitive is the industry to seasons and economic cycles?
1. Seasonality
Peak and Off-Peak Seasons for Real Estate:
The real estate market tends to follow seasonal patterns, especially in regions with distinct seasons like Edmonton. The busiest real estate months usually occur in spring and summer, while fall and winter see slower activity.
In spring and summer, the demand for real estate marketing (including video and photography services) increases, as more properties are listed for sale, and buyers are more likely to be active. During these months, realtors need high-quality media to showcase homes and attract potential buyers.
Fall and winter typically see fewer listings and less buyer activity, reducing the demand for real estate media services.
Weather and Location:
In Edmonton, extreme cold and snow can make outdoor shoots (like drone footage or exterior property shots) more challenging in the winter. This could cause a temporary dip in demand during colder months. However, interior photography and video work remain viable year-round.
Marketing Campaigns and Holidays:
Real estate marketing tends to ramp up before major holidays like the spring market, and some agents may delay property listings until after the holiday season (particularly around Christmas and New Year).
However, video content related to holiday themes, property showcases, or post-holiday sales might create year-round opportunities for creative media businesses.
2. Economic Cycles
Economic Booms (Growth Periods):
During periods of economic expansion and growth, the real estate market tends to thrive, which leads to an increase in property sales and, consequently, higher demand for video and photography services.
When the economy is doing well, real estate agents may have larger marketing budgets, enabling them to invest in high-quality media to promote properties. This is particularly true for luxury homes or high-end properties where a professional video can help sell the property faster.
An active real estate market typically results in more listings and more competition among agents, which increases the need for creative and professional video content to stand out.
Economic Recessions (Downturns):
Economic downturns or recessions can have a negative impact on the real estate market. As the economy slows down, property sales tend to decrease, leading to less demand for video and photography services.
During recessions, real estate agents may cut back on marketing budgets and opt for more basic or less expensive promotional materials. This could affect the overall demand for high-quality video and photography.
However, during tough economic times, some realtors may still need to find creative ways to differentiate their listings and attract buyers, leading to a continued but perhaps more selective demand for video production services.
Interest Rates and Housing Market:
The real estate market is highly sensitive to interest rates. When interest rates are low, buyers are more likely to invest in properties, leading to more listings and higher demand for marketing services like real estate video production.
Conversely, when interest rates rise, fewer buyers are in the market, which can lead to fewer real estate transactions and, in turn, less demand for video services. This is particularly relevant for buyers seeking mortgages or financing.
3. Impact of Local Economy
Edmonton’s local economy plays a crucial role in shaping the demand for real estate services, including video production. Edmonton has a growing population, but it is also impacted by broader economic conditions, such as the oil and gas industry, which can influence housing demand and real estate activity.
During economic booms in the local economy, especially in the energy sector, there tends to be an increase in the demand for housing and thus an increase in demand for real estate media services. Conversely, when there’s a downturn in sectors like energy, the real estate market may cool off, impacting demand for services like photography and video production.
4. Impact of Technological Change
Advancements in Video Technology: The demand for high-quality video production is also driven by technological advancements. As video production tools (e.g., drones, 360-degree cameras, and virtual tours) become more accessible, realtors may invest in more dynamic and engaging marketing materials. This can create year-round opportunities for creative media businesses.
Market Adoption of Digital Media: Even during economic downturns, digital media continues to rise in popularity. Realtors may shift towards digital-first marketing campaigns, including virtual property tours and video listings, helping stabilize demand even in less favorable economic climates.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
1. Quality of Service
Client Satisfaction and Feedback: The quality of your video and photography services directly impacts your reputation in the market. Ensuring customer satisfaction through high-quality visuals, timely deliveries, and professional conduct is critical.
Net Promoter Score (NPS): A key metric for measuring customer loyalty and satisfaction. A high NPS score means your clients are likely to recommend your services to others.
Return Clients: A higher rate of repeat clients indicates that your services are appreciated and trusted by realtors.
2. Market Penetration
Market Share: The percentage of the total market that your business captures in comparison to competitors. A larger market share often correlates with higher brand recognition and increased revenue.
Geographical Reach: Tracking how much of Edmonton (or beyond) your business serves. Expanding your geographic footprint could lead to more opportunities.
3. Lead Generation and Conversion Rate
Lead Conversion Rate: The percentage of leads that convert into paying clients. A high conversion rate indicates effective marketing and sales strategies, whereas a low rate may suggest areas for improvement in the sales process or client targeting.
Cost per Lead (CPL): The cost of acquiring a new client. This can help assess the effectiveness of your marketing campaigns. A lower CPL while maintaining service quality is ideal.
Lead Volume: The number of inbound leads your business generates. High lead volume is a good sign of market demand.
4. Operational Efficiency
Project Turnaround Time: The time it takes to deliver video and photography content to your clients after completing a shoot. Shorter turnaround times can be a competitive advantage, especially in fast-moving markets.
Utilization Rate: The percentage of available time spent on productive, billable work (i.e., time spent on actual shoots, editing, and post-production work). A high utilization rate indicates efficient use of resources.
Resource Allocation: Ensuring your equipment (cameras, drones, software) and team (photographers, editors, assistants) are allocated efficiently to meet demand without overextending.
5. Financial Performance
Revenue Growth: Monitoring overall revenue growth over time to assess the health of the business and profitability. Tracking seasonal trends in revenue can help predict slow periods and plan accordingly.
Profit Margin: The profitability of your services after accounting for operating costs, such as equipment, software, marketing, and labor. A high profit margin indicates operational efficiency and successful pricing strategies.
Average Revenue per Client (ARPC): The average revenue generated from each client. It helps determine the value of each client and can guide pricing and service offerings.
Cash Flow: Regular cash flow management ensures that you have the necessary funds to cover operational costs. Positive cash flow is critical to sustain business operations and growth.
6. Brand Recognition and Reputation
Brand Awareness: How well your brand is recognized in the market, especially within the real estate sector. The higher the recognition, the more likely realtors are to choose your services.
Online Reviews and Testimonials: Positive reviews on platforms like Google My Business, Yelp, and social media provide social proof, which is crucial for attracting new clients. Negative reviews, on the other hand, can significantly impact reputation.
Social Media Engagement: The level of engagement with your audience on platforms like Instagram, Facebook, LinkedIn, and YouTube. High engagement indicates that your content resonates with your audience.
7. Technology Adoption and Innovation
Use of Advanced Equipment: The quality of your equipment (e.g., cameras, drones, stabilization gear, editing software) plays a significant role in service quality. Staying updated with the latest tech innovations in real estate media can provide a competitive advantage.
Virtual and Augmented Reality Integration: As demand for immersive experiences increases, offering VR or AR options for virtual property tours can set you apart from competitors.
AI and Automation: Using AI-powered tools for video editing or client relationship management (CRM) systems can help streamline operations and improve efficiency.
8. Client Acquisition Cost (CAC) and Lifetime Value (LTV)
Customer Acquisition Cost: The cost of acquiring a new client, including marketing and advertising expenses. Lowering CAC while maintaining service quality is a key objective for sustainable growth.
Customer Lifetime Value: The total revenue generated from a client over the entire duration of the relationship. Increasing LTV can be achieved by offering add-on services, repeat business, and developing long-term relationships with realtors.
9. Competitive Position
Competitive Analysis: Regularly assessing how your services compare to competitors in terms of price, service offerings, and quality is important. It helps identify gaps and areas for improvement.
Pricing Strategy: The effectiveness of your pricing model compared to competitors. Competitive pricing can help attract more clients but should still allow you to maintain a healthy margin.
10. Client Retention and Referral Rates
Customer Retention Rate: A high retention rate indicates that clients are satisfied with your work and are likely to return for future projects.
Referral Rate: The percentage of clients who recommend your services to others. A high referral rate is a great indicator of client satisfaction and business growth potential.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Primary Industry: Telecommunications & IoT
Secondary Industry: Social Services & Public Sector Technology
Industry Reports: McKinsey, Gartner, IBISWorld, Statista
Government Websites: Statistics Canada, Industry Canada, Public Services & Procurement Canada
Tech & Innovation Publications: IEEE, LoRa Alliance, IoT Analytics
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
IoT & LoRa Providers: Semtech, LoRa Alliance, The Things Network
Tech for Social Good: IBM Smarter Cities, Cisco Smart+Connected Communities
Public Sector & NGOs: Local government social services, United Way, Salvation Army
Company Websites & Annual Reports
Startup & Tech Conferences (CES, Smart City Expo, IoT World Congress)
Industry Databases (Crunchbase, CB Insights)
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
1. Social Trends – Growing demand for digital inclusion & smart city initiatives.
2. Technological Trends – Advances in LoRaWAN, AI, and cloud-based data processing.
3.Economic Trends – Increased public-private partnerships for social service tech.
4.Environmental Trends – Sustainable and low-power IoT devices for urban deployment.
5.Political Trends – Government funding for homelessness & smart city projects.
LoRa Alliance Research
Smart City Government Policies
Social Service Non-Profit Reports (UN Habitat, World Economic Forum, etc.)
How big is my target market and where do they live or work?
Who? Local governments, social service agencies, NGOs, and urban planners.
Where? Primarily urban areas with high homelessness rates (Toronto, Vancouver, NYC, etc.).
Size? Growing market due to increased smart city initiatives.
Government Statistics (Census, Social Services Reports)
Smart City Investment Reports
NGO & Non-Profit Research Papers
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
B2G (Business-to-Government) Marketing – Proposals, grants, and tenders.
Tech Demonstrations & Pilots – Engaging municipalities with pilot projects.
Partnerships – Collaborating with NGOs & city infrastructure projects.
What are the main modes of marketing?
B2G (Business-to-Government) Marketing – Proposals, grants, and tenders.
Tech Demonstrations & Pilots – Engaging municipalities with pilot projects.
Partnerships – Collaborating with NGOs & city infrastructure projects.
How does government regulation affect the industry?
Data privacy laws, LoRaWAN spectrum regulations, public safety rules.
How sensitive is the industry to seasons and economic cycles?
Economic downturns may increase demand for social services, while government funding cycles can affect project approvals.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Look into LoRaWAN adoption in Canada (smart city pilot programs).
Identify grants & funding opportunities from local governments.
Explore partnerships with IoT solution providers for scaling.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Health and Wellness
621399 – Offices of All Other Miscellaneous Health Practitioners
Industry Reports and Market Research, Digital Health Canada , social media, reddit
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Clue, Flo, Women’s health groups/influencers, social media, Ovia Health, Glow, CareClinic, Natural Cycles:,wearable companies,
websoites, google,company about us, reports
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Social Trends: Increased focus on women’s health, personalization, mental health & wellness integration, and women’s empowerment & education.
Technological Trends: Wearables & health integration, artificial intelligence & data analytics, mobile health growth, and big data in healthcare.
Economic Trends: Health-tech investment, cost reduction in healthcare, and the rise of subscription models.
Environmental Trends: Sustainability in women’s health products, and health data privacy concerns.
Political Trends: Regulations on health data, government initiatives for women’s health, and access to healthcare policies.
research, google, social media
How big is my target market and where do they live or work?
women 15-60 in north america
stats canada, business resource websites
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
social media, content marketing, targeted ads
What are the main modes of marketing?
social media, content marketing, targeted ads
How does government regulation affect the industry?
healthcare laws
How sensitive is the industry to seasons and economic cycles?
seasons: low- bc a health app, might increase when increased interest in health, economic: Moderate Sensitivity
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Customer Retention
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Sports and recreation
local clubs
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
one local stores, and facebook market place users
visiting store, and speaking to potential customers
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
economic struggles and people being laid off their jobs
word of mouth to hear truthfully how locals are spending their money now.
How big is my target market and where do they live or work?
5000 people, who live and work within 1-2 hours of 100 Mile BC
Online in facebook groups and forums
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
sponsorships
What are the main modes of marketing?
sponsorships
How does government regulation affect the industry?
not
How sensitive is the industry to seasons and economic cycles?
very, as some people only play one sports in one season
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
knowing how to u0selkl to higher quality products
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
My industry type is Education & Training, and your specific industry name is Driving School / Driver Education Industry within the Transportation & Safety Training Sector.
I can find information about the Driving School / Driver Education Industry from the following sources:
1. Government & Regulatory Websites:
Ministry of Transportation Ontario (MTO): https://www.ontario.ca/page/driving-and-roads – For licensing requirements, regulations, and approved curriculum guidelines.
Transport Canada: https://tc.canada.ca/en – For national road safety policies and transportation regulations.
ServiceOntario: https://www.ontario.ca/page/serviceontario – For business registration, licensing, and administrative services.
2. Industry Associations & Organizations:
Ontario Safety League (OSL): https://ontariosafetyleague.com – For training programs, industry updates, and road safety advocacy.
Driving School Association of the Americas (DSAA): https://www.dsaa.org – For industry best practices, certifications, and international driving school standards.
Insurance Bureau of Canada (IBC): https://www.ibc.ca/on/auto – For insights on auto insurance, driver safety, and partnerships with insurers.
3. Business & Market Research Sources:
Government of Canada – Business & Industry Research: https://www.ic.gc.ca/eic/site/icgc.nsf/eng/home – For market insights, funding opportunities, and business trends.
StatCan (Statistics Canada): https://www.statcan.gc.ca – For transportation data, driver demographics, and industry growth statistics.
Canadian Federation of Independent Business (CFIB): https://www.cfib-fcei.ca/en – For small business advocacy, networking, and financial resources.
4. Networking & Local Business Support:
Greater Niagara Chamber of Commerce (GNCC): https://gncc.ca – For networking events, business support, and local partnerships.
Brock University / Niagara College Business Programs – For potential partnerships, student discounts, and new driver outreach.
Small Business Enterprise Centres (Ontario Government): https://www.ontario.ca/page/small-business-enterprise-centre-locations – For mentorship, funding, and business development support.
These sources will help me stay informed about regulations, industry trends, and opportunities for growth while building strong partnerships in the community.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
1. Direct Competitors (Other Driving Schools in Niagara Region)
These businesses offer similar services, including Beginner Driver Education (BDE) courses:
Aapex Driving Academy (St. Catharines) – A well-established school with MTO-approved courses.
Young Drivers of Canada (Niagara) – A national brand with strong recognition in the region.
Niagara Driving Academy – Provides MTO-approved BDE courses and in-car training.
ABC Driving School Niagara – Specializes in defensive driving techniques.
Canadian Professional Driving School – Focuses on private and corporate driver training.
2. Indirect Competitors (Alternative Driver Training Providers)
These businesses don’t offer full BDE programs but still compete in driver training:
Independent Driving Instructors – Many freelancers in the region offer private lessons at lower prices.
Online Driver Education Providers – Companies like “Drivers Ed Direct” provide digital-only BDE courses, attracting younger, tech-savvy learners.
High School Driving Programs – Some schools offer in-house driving education, reducing the need for external training.
Understanding these players helps me position Pegasus Driving Academy effectively and find ways to differentiate my business in the market.
1. Government & Regulatory Websites
Ministry of Transportation Ontario (MTO): https://www.ontario.ca/page/driving-and-roads – For licensing requirements, regulations, and approved driver education programs.
Transport Canada: https://tc.canada.ca/en – For national road safety policies and industry regulations.
ServiceOntario: https://www.ontario.ca/page/serviceontario – For business registration, licensing, and administrative support.
2. Competitor Research & Business Directories
Google Maps & Google Reviews – Searching for “driving schools in Niagara” helps identify competitors, their services, pricing, and customer reviews.
Yellow Pages & Yelp – Lists local driving schools and provides customer feedback.
Better Business Bureau (BBB): https://www.bbb.org – For industry reputation and accreditation.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
1. Social Trends
Growing Demand for Driver’s Education – More young drivers are seeking Beginner Driver Education (BDE) certification to lower insurance costs and meet Ontario’s graduated licensing requirements.
Urbanization & Traffic Congestion – More drivers are navigating busier roads, increasing the need for defensive driving courses.
Shifts in Transportation Preferences – While public transit and ride-sharing services (Uber, Lyft) are alternatives, many still prioritize having their own vehicle, especially in suburban areas.
Increased Focus on Road Safety – Rising concerns about distracted driving and road accidents have led to stronger regulations and a demand for high-quality driver training.
2. Technological Trends
Integration of Online Learning – Many driving schools, including Pegasus Driving Academy, are adopting hybrid BDE programs (MTO-approved digital curriculum + in-car training).
Vehicle Safety Features & Automation – Modern cars have lane assist, automatic braking, and backup cameras, requiring new training approaches.
AI & Simulation Training – Some schools are implementing driving simulators for learners to practice in a safe environment before hitting the road.
Use of Mobile Apps for Scheduling & Learning – Customers expect easy booking systems, lesson tracking, and driving tips through mobile apps.
3. Economic Trends
Rising Cost of Vehicle Ownership – Higher gas prices, insurance rates, and car prices make affordable driving education even more critical.
Inflation & Consumer Spending Habits – Customers may be more selective about spending, increasing demand for budget-friendly course packages.
Insurance Premium Reductions for Certified Drivers – BDE graduates can save on insurance, making driving school a cost-effective investment.
Government Funding & Incentives – Potential grants or partnerships (e.g., with Brock University or Niagara College) to offer discounted driver training for students.
4. Environmental Trends
Push for Eco-Friendly Driving – More focus on fuel-efficient and electric vehicle (EV) driving techniques.
Growth of Electric Vehicles (EVs) – As EV adoption increases, training may need to include EV-specific driving education.
Weather Conditions in Niagara Region – Harsh winters create demand for winter driving and defensive driving courses.
5. Political & Legal Trends
Stricter Driving Laws & Safety Regulations – MTO regularly updates road safety laws, impacting how driver training is structured.
Changes to Licensing Processes – Any graduated licensing updates (G1, G2, G) can affect student demand.
Government Support for Road Safety – Potential funding or incentives for BDE programs that promote safe driving.
Ride-Share & Gig Economy Impact – More people becoming Uber/Lyft drivers may seek specialized driving courses to maximize earnings.
Conclusion:
These STEEP trends influence how I operate Pegasus Driving Academy, ensuring my business stays competitive and adapts to customer needs. By offering flexible, tech-enabled, and affordable driving education, I can capitalize on these trends and grow my customer base.
1. Government & Regulatory Bodies
Ministry of Transportation Ontario (MTO): Ontario.ca – Updates on licensing, road safety regulations, and policy changes.
Transport Canada: tc.canada.ca – National road safety guidelines, driver training requirements, and vehicle technology trends.
Ontario Safety League (OSL): Ontario Safety League – Driver safety programs and industry best practices.
2. Market & Industry Research
Statistics Canada (StatCan): StatCan – Data on vehicle ownership, transportation trends, and demographics.
IBISWorld: IBISWorld – Market research on driving schools, competitor analysis, and industry forecasts (subscription required).
Canadian Industry Statistics: Government of Canada – Economic trends and business performance insights.
3. Competitor & Market Analysis
Google Reviews & Yelp: Checking customer feedback on local driving schools for insights into strengths and gaps in the market.
Yellow Pages & BBB: Business directories listing competing driving schools and customer ratings.
How big is my target market and where do they live or work?
Target Market Size & Location for Pegasus Driving Academy
1. Geographic Location
Our target market is primarily based in the Niagara Region, Ontario, including cities and towns such as:
St. Catharines (largest city in the region)
Niagara Falls
Welland
Thorold
Grimsby
Port Colborne
Fort Erie
These areas have a mix of urban and suburban populations with a demand for Beginner Driver Education (BDE) programs, G2/G road test preparation, and defensive driving courses.
2. Market Size & Population
The Niagara Region has a population of approximately 500,000 people.
St. Catharines alone has over 140,000 residents, with a significant percentage being new drivers or immigrants who need driver training.
The youth population (ages 16-24) and new immigrants make up a large portion of potential customers.
Brock University (~19,000 students) and Niagara College (~10,000 students) provide a steady flow of young adults needing driver’s education.
Annual driver’s license testing in Ontario exceeds 500,000 tests, indicating consistent demand.
3. Where They Live & Work
High school students & young adults (16-24 years) live in residential areas and student housing near schools and campuses.
Immigrants & working professionals (25-45 years) live in suburban areas and need licenses for commuting and employment.
Gig workers (Uber, delivery drivers, trucking aspirants) require driving certifications for work.
Many work in industries like hospitality, healthcare, and manufacturing, where reliable transportation is essential.
With a growing population, increasing demand for driver’s licenses, and limited competition in premium driving education, Pegasus Driving Academy is well-positioned to capture a large share of the market in Niagara.
1. Government & Census Data
Statistics Canada: StatCan provides detailed demographic data, including population by region, age, and employment status. This can help you understand the size and distribution of your target market in the Niagara Region.
Ontario Ministry of Transportation (MTO): MTO may provide data on licensing trends, such as the number of new drivers or recent licensing activity in specific areas.
2. Local Resources
Niagara Region Municipal Websites: Websites like Niagara Region and individual city/town websites (e.g., St. Catharines, Niagara Falls) often have population reports, demographics, and local planning data that can help you better understand the market.
Brock University & Niagara College: Brock University and Niagara College often release reports or have departments that provide insights into student populations, which is useful for targeting young drivers.
3. Market Research & Industry Reports
IBISWorld: IBISWorld offers detailed reports on industries like driving schools, market sizes, and trends. They often provide specific market sizes and competitive analysis for regional businesses.
Government of Canada Business Insights: Canada Business offers reports on business statistics in the transportation and education sectors, which can help you estimate market size and potential customer base.
4. Local Networking & Business Organizations
Greater Niagara Chamber of Commerce (GNCC): GNCC can provide networking opportunities, local market insights, and demographic data specific to the Niagara Region.
Small Business Enterprise Centres: These local centers, such as Ontario Small Business, can offer market research resources, advice, and even customer surveys for understanding local demographics.
5. Competitor & Online Tools
Google Trends: Checking search volumes and trends for keywords related to “driving schools,” “driver education,” or specific terms for the Niagara region can give insights into local demand.
Yelp & Google Reviews: Researching competitor driving schools will provide clues about local demand, customer demographics, and areas with less competition.
Census Data from Municipalities: The Niagara Region and surrounding municipalities often publish annual reports with demographic trends, growth patterns, and employment statistics that can help you understand the local market better.
By utilizing these resources, you can get a comprehensive view of the size and location of your target market in the Niagara region, including key demographic data such as age, occupation, and licensing trends.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Digital Marketing:
Search Engine Optimization (SEO) for the website to attract organic traffic.
Social Media Marketing on platforms like Facebook, Instagram, and LinkedIn to engage with potential students.
Google Ads and Facebook Ads to run targeted advertising campaigns for local visibility.
Email marketing for promotions, updates, and new course offerings.
Partnerships and Networking:
Partnering with local schools, universities, and colleges (like Brock University) to offer student discounts or joint promotions.
Collaboration with insurance companies to offer safe-driving discounts for students.
Referral Program:
Encouraging past students to refer new students by offering discounts or incentives for each successful referral.
Local Community Engagement:
Participating in local events and fairs to raise awareness about the business.
Sponsoring community organizations, clubs, or youth programs to build local brand recognition.
Content Marketing:
Creating educational blog posts, videos, or tutorials on safe driving tips, license requirements, and other related topics to build trust and position PDA as a knowledgeable authority.
Traditional Marketing:
Flyers, posters, and banners in local areas, like shopping malls, grocery stores, and public transport spots.
Local radio and TV ads for reaching a broader audience in the Niagara Region.
By leveraging a mix of these marketing strategies, PDA can effectively raise its profile and attract new students.
What are the main modes of marketing?
Digital Marketing:
Search Engine Optimization (SEO) for the website to attract organic traffic.
Social Media Marketing on platforms like Facebook, Instagram, and LinkedIn to engage with potential students.
Google Ads and Facebook Ads to run targeted advertising campaigns for local visibility.
Email marketing for promotions, updates, and new course offerings.
Partnerships and Networking:
Partnering with local schools, universities, and colleges (like Brock University) to offer student discounts or joint promotions.
Collaboration with insurance companies to offer safe-driving discounts for students.
Referral Program:
Encouraging past students to refer new students by offering discounts or incentives for each successful referral.
Local Community Engagement:
Participating in local events and fairs to raise awareness about the business.
Sponsoring community organizations, clubs, or youth programs to build local brand recognition.
Content Marketing:
Creating educational blog posts, videos, or tutorials on safe driving tips, license requirements, and other related topics to build trust and position PDA as a knowledgeable authority.
Traditional Marketing:
Flyers, posters, and banners in local areas, like shopping malls, grocery stores, and public transport spots.
Local radio and TV ads for reaching a broader audience in the Niagara Region.
By leveraging a mix of these marketing strategies, PDA can effectively raise its profile and attract new students.
How does government regulation affect the industry?
Government regulation plays a significant role in the driving school industry by establishing rules and standards that ensure safety, fairness, and quality in driver education. Here are some ways regulations affect Pegasus Driving Academy (PDA):
Driver Education Standards:
The Ministry of Transportation (MTO) in Ontario sets the standards for Beginner Driver Education (BDE) courses, including the curriculum, required hours of in-class and in-car instruction, and the certification process for driving instructors. PDA must comply with these standards to offer legitimate and recognized courses.
Instructor Licensing:
Driving instructors must hold a valid license issued by the MTO. This ensures that instructors are properly trained and capable of providing safe, professional instruction to students.
Insurance and Liability:
Regulations around insurance requirements for driving schools ensure that both instructors and students are covered in the event of accidents during lessons. PDA must comply with these insurance regulations to avoid legal risks.
Vehicle Safety Standards:
Driving schools must ensure that their vehicles meet safety standards set by the government, including vehicle maintenance, inspections, and modifications (if any) for teaching purposes. This helps ensure that students are learning to drive in safe and reliable vehicles.
Student Driver Licensing:
Government regulations govern how students progress through the graduated licensing system (G1, G2, G), affecting the number of students seeking lessons at different stages. PDA must stay updated on licensing changes to adapt their offerings.
Tax and Business Regulations:
As a business, PDA must comply with provincial and federal tax regulations, including collecting the appropriate sales tax (HST in Ontario) and following labor laws for employees (such as minimum wage requirements for instructors).
Environmental Regulations:
There may be emerging regulations related to environmental standards for driving schools, particularly around the adoption of electric vehicles (EVs) in driving lessons. The government may offer incentives for adopting greener vehicles.
In summary, government regulations shape how PDA operates, ensures the quality and safety of its services, and influences its costs and business practices. Compliance with these rules is necessary to maintain a good reputation, legal standing, and ensure the safety of students.
How sensitive is the industry to seasons and economic cycles?
Seasonal Sensitivity:
Higher Demand in Summer and Spring:
Spring and summer months tend to see an increase in demand for driving lessons as students are off school and the weather is more favorable for driving. In particular, young drivers (high school students and college students) often seek to get their licenses during this time, increasing the volume of students for beginner driver education (BDE).
Slower Demand in Winter:
Winter months (December to February) tend to see slower business due to colder weather, snow, and icy roads, which can discourage new drivers from learning. Additionally, fewer students tend to pursue driving lessons during the holiday season when family activities and vacations take priority.
School-Related Cycles:
Schools’ academic calendars also influence demand, with a peak during summer holidays and a decline during the academic year, especially for younger drivers.
Economic Sensitivity:
During Economic Growth:
Economic prosperity generally increases demand for driving lessons as more people have the financial means to pay for driver education services. Higher employment rates and greater disposable income allow for a higher number of students to seek driving lessons, especially in a growing market like the Niagara Region.
During Economic Recessions:
Economic downturns can lead to a reduction in demand as people become more budget-conscious and prioritize essential spending. The cost of driving lessons may be viewed as a non-essential expense, leading to fewer students enrolling, especially in a startup business where marketing costs and operational expenses are higher.
Additionally, fuel prices and vehicle-related costs may influence decisions to invest in driving lessons, especially for individuals who may not have immediate plans to drive.
Job Market Impact:
Unemployment or underemployment can impact the number of new drivers seeking education as individuals may delay obtaining a license due to financial strain or job instability.
Overall Sensitivity:
Moderately sensitive: The driving school industry experiences seasonal fluctuations and can be mildly impacted by economic cycles. However, the demand for driver education tends to be relatively consistent, as obtaining a driver’s license remains a necessity, even during tough economic times. Also, the increasing popularity of hybrid learning (online or digital lessons) may help mitigate the effects of seasonality and economic changes, as it allows for more flexibility in scheduling and operation year-round.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
1. Student Enrollment Rate
What it measures: The number of new students enrolling in courses each month or quarter.
Why it matters: Tracking enrollment helps gauge the demand for driving lessons and allows PDA to forecast revenue and adjust marketing strategies accordingly.
2. Student Pass Rate
What it measures: The percentage of students who pass their driving test after completing the driving school program.
Why it matters: A higher pass rate reflects the quality of the instruction and customer satisfaction. It can be a key selling point when marketing to new students.
3. Customer Retention Rate
What it measures: The percentage of students who return for additional courses (e.g., defensive driving, advanced driving) or refer others to the school.
Why it matters: Retaining customers is often more cost-effective than acquiring new ones. A high retention rate also indicates a satisfied customer base.
4. Instructor Utilization
What it measures: The percentage of available instructor hours used for actual lessons.
Why it matters: This metric helps assess whether the driving school is fully utilizing its available resources (instructors). Low utilization may indicate the need for more marketing or a review of scheduling efficiency.
5. Revenue per Student
What it measures: The average amount of money generated per student enrolled in the school.
Why it matters: This figure helps calculate how effectively the business is converting students into revenue, considering different courses or packages offered.
6. Marketing Conversion Rate
What it measures: The percentage of inquiries or leads (via phone calls, website visits, ads, etc.) that convert into actual students.
Why it matters: High conversion rates indicate that marketing strategies (such as online ads or partnerships) are effective in reaching the target market.
7. Cost per Acquisition (CPA)
What it measures: The cost involved in acquiring each new student, considering marketing, advertising, and promotion expenses.
Why it matters: This helps determine the efficiency of marketing spend and assess whether the business is spending too much on customer acquisition.
8. Profitability Metrics
What it measures: Gross and net profit margins, operating income, and break-even points.
Why it matters: These financial metrics help ensure the business is operating sustainably and can cover its fixed and variable costs while maintaining profitability.
9. Online Engagement Metrics
What it measures: Social media interactions, website traffic, and engagement rates on digital platforms.
Why it matters: In today’s digital age, monitoring online presence and engagement helps measure brand awareness and determine if marketing strategies are effectively reaching the target audience.
10. Customer Satisfaction (CSAT)
What it measures: Feedback from students about their overall experience with the driving school.
Why it matters: High customer satisfaction typically leads to positive reviews, word-of-mouth referrals, and repeat business. It’s essential for maintaining a good reputation.
11. Instructor Satisfaction
What it measures: The level of satisfaction among driving instructors regarding their work environment, compensation, and job support.
Why it matters: Happy and motivated instructors are more likely to provide high-quality training, which reflects well on the overall performance of the driving school.
12. Fleet Utilization and Maintenance
What it measures: The condition and usage rate of vehicles used for in-car lessons.
Why it matters: Ensuring that vehicles are well-maintained and in use as much as possible can reduce downtime and unexpected maintenance costs.
13. Industry Compliance and Accreditation Rate
What it measures: The school’s adherence to industry regulations and standards set by the Ministry of Transportation (MTO).
Why it matters: Compliance with regulations ensures that PDA operates legally and maintains its reputation as a trustworthy, professional driving school.
By monitoring these key measures, PDA can stay focused on areas that will enhance the student experience, improve operational efficiency, and achieve long-term growth in the competitive driving school industry.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
EdTech (Educational Technology) for Social Impact & Youth Employment
Industry reports & publications: Search for reports from organizations that focus on the role of technology in education.
Social impact-focused organizations and networks: Look at the work of organizations such as Youth Employment Services (YES), Ashoka, UNICEF, and Global Impact Investing Network (GIIN) to learn about the broader space of social impact for youth.
Conferences: Explore EdTech and Social Impact conferences, such as SXSW EDU, EdTech Week, and The Global Impact Investing Network (GIIN) Forum.
Academic journals: Look into journals focused on education and social innovation like The Journal of Youth Development or Social Impact Review.
Startup platforms: Check platforms like AngelList, Crunchbase, and F6S to find out which startups and companies are gaining traction in this space.
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
LinkedIn for Education (Career and networking for young professionals)
Handshake (Connecting students with employers)
MileIQ (Personal development and career advancement tools for young professionals)
The Education Partnership (Provides resources to help underserved youth achieve their career goals)
Parker Dewey (A platform connecting students with companies for micro-internships and other early career opportunities)
StartUp Accelerators/Incubators: Check out accelerators like Y Combinator, Techstars, and The Next 36 (a Canadian accelerator focused on youth entrepreneurship).
Social Media and Networks: LinkedIn, Twitter, and other social platforms are often where companies in the social impact sector share updates.
Industry Databases: Use resources like Crunchbase and PitchBook to look up companies and emerging players in the EdTech and social impact sectors.
Trade Shows/Expos: Attend events where industry leaders and innovators in EdTech and Youth Employment sectors present, like SXSW EDU or EdTech Europe.
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Increased Focus on Social Impact Education: There is a growing trend of using education to empower youth, particularly those from marginalized communities, and prepare them for social impact careers. With an emphasis on sustainable development goals (SDGs) and social innovation, more educational platforms are integrating these topics into their curricula.
Where to find out about it: Reports from organizations like Ashoka, UNICEF, and World Economic Forum (WEF), as well as EdTech Digest and The Chronicle of Higher Education.
Rise of Gamification: Many platforms are now incorporating gamified experiences to engage students and help them build skills in an interactive and fun way. This trend is becoming common in youth-focused platforms, making learning more accessible and enjoyable.
Micro-Credentials and Skills-Based Learning: There’s a push toward offering short-term certifications, micro-credentials, and skill-building workshops to enhance employability. Youth want to gain practical experience and certifications that can directly help them secure meaningful roles.
Where to find out about it: Coursera, LinkedIn Learning, and EdTech companies are providing these opportunities.
Demand for Hybrid and Remote Work Opportunities: Youth are increasingly looking for hybrid or fully remote job opportunities, making the transition to digital platforms in education and work easier.
Where to find out about it: Research from McKinsey, Pew Research, and platforms like LinkedIn that track labor market trends.
Increased Investment in Youth Workforce Development: Governments and organizations are increasingly investing in workforce development programs aimed at equipping young people with relevant skills, especially in digital and social impact sectors.
Where to find out about it: Government websites, UNESCO, Youth Employment Network, and World Bank publications.
How big is my target market and where do they live or work?
Global Market: According to the International Labour Organization (ILO), there are over 1.2 billion young people globally, with youth unemployment rates being significantly high, particularly in developing countries.
North America: In the U.S., the youth workforce (ages 16-24) comprises about 15% of the total workforce. In Canada, around 1.5 million youth are in the labor market.
Geographic Focus: The largest concentration of young, tech-savvy individuals resides in urban areas and college towns, making places like Toronto, Waterloo, Vancouver, San Francisco, New York, and London key markets for your platform.
Youth Employment Statistics: Reports from OECD, ILO, and national labor organizations.
Social Media: Platforms like LinkedIn and Instagram provide insights into youth trends, preferences, and the job search landscape.
Market Research Reports: Pew Research, Nielsen, and McKinsey produce reports on youth employment and behavior trends.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Content Marketing:
Sharing blog posts, tutorials, videos, and case studies on social media and company websites to engage and educate youth about career opportunities and educational content.
Platforms: LinkedIn, Instagram, YouTube, and TikTok are critical channels for reaching young users and building brand awareness.
Social Media Marketing:
Utilizing influencers, testimonials, and user-generated content (UGC) to showcase success stories and engage youth.
Social media marketing is highly effective, especially for platforms targeting youth or those with a strong social good mission.
Partnerships and Sponsorships:
Collaborating with other organizations (e.g., corporations, NGOs) for sponsorships or co-branded initiatives to drive engagement and trust.
Corporate sponsorships are crucial for funding initiatives that empower youth in both educational and career development areas.
Referral Programs:
Offering referral incentives to users who bring others to the platform, helping create viral growth.
SEO & SEM:
Implementing strong SEO strategies for organic traffic and SEM (Search Engine Marketing) to drive paid ads targeted at key demographics.
What are the main modes of marketing?
Content Marketing:
Sharing blog posts, tutorials, videos, and case studies on social media and company websites to engage and educate youth about career opportunities and educational content.
Platforms: LinkedIn, Instagram, YouTube, and TikTok are critical channels for reaching young users and building brand awareness.
Social Media Marketing:
Utilizing influencers, testimonials, and user-generated content (UGC) to showcase success stories and engage youth.
Social media marketing is highly effective, especially for platforms targeting youth or those with a strong social good mission.
Partnerships and Sponsorships:
Collaborating with other organizations (e.g., corporations, NGOs) for sponsorships or co-branded initiatives to drive engagement and trust.
Corporate sponsorships are crucial for funding initiatives that empower youth in both educational and career development areas.
Referral Programs:
Offering referral incentives to users who bring others to the platform, helping create viral growth.
SEO & SEM:
Implementing strong SEO strategies for organic traffic and SEM (Search Engine Marketing) to drive paid ads targeted at key demographics.
How does government regulation affect the industry?
EdTech Regulation: There are specific regulations for online education platforms, particularly around data privacy (such as GDPR in Europe, FERPA in the U.S.). There are also regulations about the quality of education and accreditation for courses, especially in the case of micro-credentials or certifications.
Youth Employment Regulation: Regulations around labour laws, especially those targeting youth employment, such as restrictions on the type of work, hours worked, and minimum wages for youth. Additionally, governments regulate youth internships, ensuring that youth employment opportunities align with labor laws and equal opportunity policies.
How sensitive is the industry to seasons and economic cycles?
The EdTech industry is moderately sensitive to economic cycles. During recessions, there’s often an increase in demand for affordable education and upskilling programs as people seek new career opportunities or aim to improve their skills. Conversely, when the economy is booming, discretionary spending may decrease for certain learning platforms.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Average Profit Margins:
EdTech platforms generally have higher profit margins once they reach scale due to low marginal costs for delivering digital products. Margins in this sector can range from 10-20% for smaller players and up to 40-50% for more established platforms with large user bases.
Youth Employment Platforms: Profit margins for job platforms, especially those that offer a paid model (e.g., for premium listings or job postings), can be 15-25%, depending on market competition and user engagement.
Sales Commissions:
For platforms operating under a pay-per-click or pay-per-hire model, commissions can vary. Job boards like LinkedIn or Indeed may charge employers between $100 – $500 per post, with commission-based models also in place for platform-driven placements (e.g., placement fees for internships or jobs).
For partnership models, commissions or percentage-based payments can range between 10-30% for successful placements or referrals.
Customer Acquisition Cost (CAC):
CAC in EdTech can vary, especially depending on how heavily a platform invests in marketing. Platforms with a strong social media presence can lower CAC to about $10 – $30 per user.
For youth employment platforms, the CAC is usually around $30 – $100 per user, particularly if the platform offers personalized services or features.
User Retention Rates:
EdTech platforms with gamification or recurring subscription models (e.g., LinkedIn Learning, Coursera) often see retention rates of 30-50% year-over-year.
Platforms offering career services (e.g., Handshake, Indeed) may see a retention rate of 40-60%, as users continue to rely on the platform for job postings and career resources.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Social Media / Digital Marketing Industry
Company websites of social media platforms
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Facebook
Instagram
Twitter
TikTok
LinkedIn
Snapchat
YouTube
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Video Content: The increasing importance of video-based content (TikTok, YouTube, Instagram Stories).
Industry news websites
How big is my target market and where do they live or work?
Target Market Size: The global social media user base is over 4 billion people (as of 2025).
Social media analytics tools (e.g., Sprout Social, Socialbakers)
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Paid Social Ads: Advertisements placed on platforms like Facebook, Instagram, TikTok, LinkedIn, etc.
What are the main modes of marketing?
Paid Social Ads: Advertisements placed on platforms like Facebook, Instagram, TikTok, LinkedIn, etc.
How does government regulation affect the industry?
Privacy Laws: Regulations like the GDPR (General Data Protection Regulation) in Europe and other privacy laws impact how social media platforms handle user data and target ads.
How sensitive is the industry to seasons and economic cycles?
Seasons: The social media advertising industry experiences higher demand during holiday seasons (e.g., Black Friday, Christmas), key shopping days, and special events.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Average Profit Margins: Social media platforms typically have high profit margins due to the scalability of digital advertising. For example, Meta (Facebook) has an operating margin of around 40-50%.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Allurebymek
Word of mouth, Instagram, Tiktok
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Other hairstylists, Traditional hair salons, Beauty influencers, and at home braiders
Instagram, Tiktok, or word of mouth
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
– Social Trends such as the growing demand for convenience
– Rising popularity of protective hairstyles
Instagram, Tiktok, Word of mouth
How big is my target market and where do they live or work?
Since my main targets are busy professionals , market is very big due to the fast paced nature of the world today. they live in areas like Toronto where people are constantly on the go, and as for their occupations, they work as Nurses, Business owners and Creatives
Through word of mouth, Tiktok or Instagam
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Digital presence, online bookings, and diverse services
What are the main modes of marketing?
Digital presence, online bookings, and diverse services
How does government regulation affect the industry?
Hairstylists must adhere to professional licensing in order to practice their skills and the health standards required to use products, and offer certain services.
How sensitive is the industry to seasons and economic cycles?
the industry is moderately sensitive to seasons and economic cycles as demand might moderately decrease in lower income seasons.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Employment rates, and Service diversification as there is a huge profit in catering to all types of clients as well as a very big opportunity for employment through this new system.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
at risk youth programs
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
non profits government programs, private counseling centers, community and youth shelters that offer supper services for at risk youth.
online, community organizations
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
social: increasing awareness of mental health issues among youth, rising rates of anxiety and depression, social media influence.
technological
economic
environmental
political
community centers, schools, social media
How big is my target market and where do they live or work?
15% of youth aged 12-18 in local area
online, schools, community.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
social media campaigns, community outreach programs, partnerships with schools and local organizations and word of mouth referrals.
What are the main modes of marketing?
social media campaigns, community outreach programs, partnerships with schools and local organizations and word of mouth referrals.
How does government regulation affect the industry?
guidelines on marketing to minors, privacy laws related to collecting data from young users, and safety regulations for activities or products aimed at this demographic.
How sensitive is the industry to seasons and economic cycles?
the youth industry can be sensitive to seasons, especially if the business offers seasons programs or products like summer camps or back to school supplies.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
such as average profit margins, sales commissions
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
How big is my target market and where do they live or work?
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
PropTech (Property Technology) – Digital solutions for real estate professionals.
E-commerce & Digital Products – Selling PDFs through platforms like Etsy, Gumroad, or Shopify.
Social Media / anywhere online
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Online Marketplaces & Platforms
Etsy (Many sellers offer real estate templates).
Creative Market (Premium design resources for realtors).
Gumroad (Independent digital product sales).
Freelancers & Agencies
Graphic designers on Fiverr and Upwork creating custom real estate templates.
Marketing agencies selling branded materials for realtors.
PropTech Software Companies
Canva, Adobe Express, and Visme (DIY design platforms offering real estate templates).
CRM & marketing platforms (e.g., kvCORE, Brokermint) offering built-in templates.
Brokerage In-House Solutions
Some big firms (e.g., Keller Williams, RE/MAX) provide in-house templates for their agents, reducing demand for third-party options.
Online / social media
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Social Trends
Realtors are increasingly using digital tools to streamline paperwork.
Personal branding is crucial, driving demand for customizable marketing materials.
Technological Trends
AI-powered content creation (e.g., ChatGPT & AI design tools).
Growth in mobile-first work solutions (templates must be easy to use on phones/tablets).
Economic Trends
Market fluctuations impact realtors’ spending on tools.
Passive income growth: Agents are looking for ways to earn outside commissions.
Environmental Trends
Paperless transactions and digital marketing are reducing reliance on print materials.
Political/Legal Trends
Compliance with fair housing laws and MLS regulations in template designs.
Increased focus on data privacy laws for email marketing templates.
Online
How big is my target market and where do they live or work?
rimary Customers: Real estate agents, brokers, and real estate marketers.
Total Addressable Market (TAM):
In the U.S. alone, there are over 3 million licensed real estate agents (NAR data).
Globally, millions of agents operate in Canada, the U.K., Australia, and other real estate-driven economies.
Where They Work:
Most agents work in urban/suburban areas where real estate transactions are high.
Many work remotely and rely on digital tools.
online
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Digital Marketing: Utilizing social media platforms, email campaigns, content marketing, and search engine optimization (SEO) to reach potential clients.
AI-Powered Advertising: Implementing AI tools to optimize ad targeting and improve return on investment.
Seasonal Campaigns: Aligning marketing efforts with seasonal trends to maximize engagement.
What are the main modes of marketing?
Digital Marketing: Utilizing social media platforms, email campaigns, content marketing, and search engine optimization (SEO) to reach potential clients.
AI-Powered Advertising: Implementing AI tools to optimize ad targeting and improve return on investment.
Seasonal Campaigns: Aligning marketing efforts with seasonal trends to maximize engagement.
How does government regulation affect the industry?
Data Privacy Laws: Compliance with regulations such as GDPR and CCPA is essential when handling client information.
Advertising Standards: Adherence to truthful advertising practices is mandatory to avoid legal repercussions.
Licensing Requirements: Ensuring that digital products meet industry standards and do not infringe on intellectual property rights is crucial.
How sensitive is the industry to seasons and economic cycles?
easonality: Real estate transactions often peak during spring and summer, leading to increased demand for related digital products during these periods.
Economic Cycles: Economic downturns can reduce real estate activity, potentially decreasing the demand for digital products and templates.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
User Engagement: Monitoring metrics such as downloads, active users, and customer feedback to assess product effectiveness.
Technological Advancements: Staying updated with emerging technologies like AI and virtual reality to enhance product offerings.
Competitive Landscape: Keeping track of competitors and market trends to identify opportunities and threats.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
indie entertainment/video games developer
online, video game publishing sites
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Scott Cawthorn, TheMeatly Games
documentaries, articles, official websites
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Increased use of generative AI for game design, creating low-quality ‘slop’ games.
Digital video games will out-sell physical copies
industry articles, LinkedIn, video game reviews on places like Steam
How big is my target market and where do they live or work?
The State dominates the video game industry.
Video games are released online or in physical copies
video game reviews on the publishing sites, review videos on youtube or blogs.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
Online video ads, ads on websites, paid reviews and interviews
What are the main modes of marketing?
Online video ads, ads on websites, paid reviews and interviews
How does government regulation affect the industry?
New tariffs will shake the States’s monopoly on north america’s video game industry. Physical copies and console purchases are expected to plummet.
How sensitive is the industry to seasons and economic cycles?
Holidays are the big sellers, especially around Christmas in north america. People are more likely to play games when they’re stressed, so sales during recessions or other hard times tend to rise.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
There’s more distrust with AAA games due to producing games that are overhyped, over-monetized, and full of bugs or otherwise weren’t ready to be published. People are flocking to indie game developers as their games are higher quality or more fun. This might change now that GenAI has become more in use, which will affect the game’s mechanics and quality.
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Hair stylist
YouTube, instagram tiktok or google
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Other wig stylist and hairstylist within my area
Social media
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Seasons and hair trends
How big is my target market and where do they live or work?
It’s pretty big and they live in the gta
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
What are the main modes of marketing?
How does government regulation affect the industry?
How sensitive is the industry to seasons and economic cycles?
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
What do I want to find out and why? Where can I find out about it?
My Industry
What do I want to find out and why?
Where can I find out about it?
What is my industry type/ industry name?
Fraud prevention, rental industry
Existing companies offering similar service
RCMP website
Canadian Anti-Fraud Centre
BBB
Who are the other players that are conducting business in the market place, which I can use to fill in my Landscape of Players?
Liv.Rent and similar platforms offering pre-verified rental options
Immigration agencies
Universities
Real estate agents
property managers
classified ads websites
Networking
In-person meetings, calls, emails
Online searches
What are the trends impacting my industry and/or customer to be used in my STEEP analysis?
Increase in rental scams (and scams in general over the years)
New immigration policies in the US and Canada
Government websites
RCMP website
Canadian Anti-Fraud Centre
BBB
How big is my target market and where do they live or work?
International students that have yet to start the school year can be anywhere in the world.
Others are people relocating either from within Canada or outside the country for reasons such as work. They can also be anywhere.
Government websites on immigration and statistics.
Other Key Facts I Should Know About My Industry
What’s the total industry-wide sales volume?
What’s the total industry-wide sales in dollars?
What’s the total industry-wide sales in no. of products/services sold?
Are overall sales growing or shrinking?
By how much?
What are the main modes of marketing?
social media (instagram, facebook, little red book)
Website blogs
Mention of service on university website
Mention of service by immigration agencies
word to mouth
What are the main modes of marketing?
social media (instagram, facebook, little red book)
Website blogs
Mention of service on university website
Mention of service by immigration agencies
word to mouth
How does government regulation affect the industry?
regulations regarding immigration have an effect on the number of new individuals looking for rent in Canada while still being abroad.
How sensitive is the industry to seasons and economic cycles?
Medium to high level – Students that are immigrating to Canada to start school usually arrive a few months before September.
What are other key measures in the industry? (average profit margins, sales commissions, etc.)
Quantity of people moving within Canada – which cities has the highest level of this kind of immigration.