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Mkt 500: Company Introduction, Market Segmentation, and Product Positioning

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MKT 500

Company Introduction, Market Segmentation, and Product Positioning
Student
Dr. Kelly Bruning
Marketing 500026VA016-1126-001
July 22, 2012

Company Introduction, Market Segmentation, and Product Positioning
Dating is something that most people have done or will do at any given point in their life. For some people, meeting and asking someone out for coffee, dinner, drink, or even a movie is as easy as breathing. On the other hand, for others it is just not that simple. Then to add to that scenario, you have people that have been with their mates for years, then suddenly find themselves single as a result of divorce, or because the spouse died unexpectedly. Now, just imagine someone in this situation who frankly hasn’t had a date in years, except with their significant other. They may not be prepared for the challenges of dating, or able to get out and meet people in the traditional manner in which most people are accustomed to dating. In addition, times have changed, and now with advance technology, a person can meet potential suitors online without ever having to leave the house. It is for this reason that online dating has become very popular. People can now search out the type of person who attributes fits more closely with their own ("What causes popularity of online dating?").
With the trend of online dating, there are a number of dating sites where there are millions of people who are utilizing the sites. To subscribe to these various sites, a person will just need to have access to a computer and Internet connection (Nandca, 2012). My company known as Second Time Around will be an Internet Dating Site that will be open to any single persons who are Divorced, Widowed, or a Widower. The company headquarters will be based in the United States, but will also hold an office in Europe. The company’s goal is to be different than all the other dating

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