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Market study
These phones are slightly different from regular cell phones as they are designed with keeping
requirements of senior citizens in mind like louder voice bright displays and even there prices are
kept in a range where senior citizen can afford it as most of them are on fixed income sources.
Product offered
Product offered by us is by RETCALL MOBILE LTD in the brand name ONE dial easy. It is a retro
style product with certain new concepts and features. Following are its core features:1. Life saver: this feature sends an emergency message to pre-selected 5 numbers as well as to
911 when pressed down a button for 10 seconds continuously. A very good feature considering
the health related issue and crimes against senior citizens.
2. Big display; the display is quite big in size, bright colored and very large font. This makes it
easy for them to read it even with impaired vision and dim lights.
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3. Voice dial pad: this pad dials the number, saves it send and receives messages on voice
command only. This makes it very user friendly and also be used by people who are unable to
dial or read and write.
4. Standard answering pad: the answering pad is standard in nature with 3 common buttons which
are multipurpose and can be used for various activities making it easy to use.
5. Numeric pad with illuminating pad:- the numeric pad is also made up of illuminating material
which is useful in using the cell phone in dim lit areas or in low visual clarity.
6. Numpad cover: this contains a big name card area where the name of the owner even with
address can be placed in big bold letters. This enhances the safety of cell phone as well as more
assurance of its safe return if lost.
Current market trends:- the market of these phones is growing at a pace of 25% year on year
basis and more economic range is demanded by market as the target segment for this product is
very price sensitive and with paying capacity of lower end.
Population status in UK and its senior citizen population
A graphical representation of population distribution
The population of the United Kingdom was estimated to be 60,975,000 in mid-2007, up by 388,000
(0.6 per cent) on the previous year and nearly 84% of population of UK lives in ENGLAND which is
most densely populated while SCOTLAND is least densely populated area. The population is also
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increasing in such a fashion that for the first time UK has more number of 65 + than 16+ in its
population.
Population statistics of UK
Statistics of Nottingham
Nottingham is a major city as well as unitary authority area in East midland region of UK . The city
itself has a population of 288700 while the population of wider Nottingham urban area is 667,000 in
last census. The latest nongovernment figures of population of Nottingham are as follows. The latest
population estimates are:
1. 300,800 for the City of Nottingham
2. 667,100 for Greater Nottingham
3. 786,600 for the Nottingham Travel-to-Work Area
The senior citizen population of Nottingham is approximately for 65+ populations is as follows
1. Total persons: 99100
2. Males: 43500
3. Females; 55600
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MAJOR BRANDS
COUNTRY
INO MOBILE
SINGAPORE
ENGLAND
80 British pounds
ENGLAND
JUST 5
90 US DOLLARS
USA
F9500
73 US Dollars
USA
If we look at general comparison of prices the products from USA are relatively cheaper than
products available in UK but if we take in effect the cost of transportation and other insurance relate
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cost it might be of same range. The features available in handset the calling plans, battery life etc
also contribute in coming to a total cost. This comparison gives a clear indication that if a cost
effective range of product can be launched in UK market there could be a huge market potential for
it.
Places where this product can be marketed
There are various places where this product can be marketed if we target the right market segment
at right places. Putting ps in place the product, place, price and people we can target by following
ways;1. We can contact the old age homes or senior citizen residential area societies and can offer bulk
deals to them
2. We can also make partnership with telephone service provider companies to give a combination
plan with special plans for senior citizens where we can give the handset in combination with
plans.
3. We can also market our product to various old age clubs, committees, social groups and support
groups for senior citizens. Here we can use communication strategy with a message for the
product to a very focused and targeted market.
4. We can study the demography of UK and target the areas where more number of senior citizens
is residing.
5. We can also contact district libraries hospitals clinics and worship places where more number of
senior citizens visit.
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Marketing plan:
The product should be marketed as a value for money product as senior age group believes in value
for money.
1. Product:- easy to use big display and assistance in emergency
2. People: senior age group ( 65+) people of both genders.
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3. Price: the price band should be between 75 pounds to 100 pounds depending on features and
talk plan combined with it.
4. Place:- the place to market will be senior citizen societies social groups colonies old age
homes hospitals and even working people who have old age parents and grandparents
5. Promotion:- the product will be promoted as a easy to use extremely beneficial in emergency
and value for money product. In launch we can provide some free talk plans and other benefits
like free gifts or coupons for customers to attract them.
{Know more about: This is how Mobile Devices are Helping Visually Impaired People}
Age Band
Median
Income
Mean
Income
Median Income
(Men)
Mean Income
(Men)
Median Income
(Women)
Mean
Income
(Women)
Under 20
years
8,130
9,570
8,490
9,810
7,990
9,250
20 24
years
11,800
13,200
12,400
13,800
11,200
12,300
25 29
years
17,000
19,300
17,800
20,600
15,900
17,800
30 34
years
19,500
23,900
21,600
26,700
16,400
20,100
35 39
years
20,100
26,800
23,600
31,700
15,500
20,100
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28,100
24,600
34,600
14,900
19,800
45 49
years
20,300
28,600
24,800
35,400
15,200
20,100
50 to 54
years
19,300
27,000
23,500
33,400
15,100
19,200
55 59
years
17,200
24,500
20,900
29,900
13,100
17,200
60 64
years
13,600
20,000
16,500
24,300
10,700
14,200
17,900
13,600
19,500
11,100
14,800
70 74
years
13,300
18,100
15,600
21,100
10,700
14,300
Over 75
years
12,400
16,700
15,300
19,900
10,400
14,100
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REFRENCES
http://www.aliexpress.com/wholesale/wholesale-original-boyouth-519-old-people.html
http://www.matobmobile.co.uk/index.php?id=easy_5_phone
http://www.dooyoo.co.uk/mobile-phone/easy5-mobile-phone/1064016/#rev
http://www.just5.com/home.php
http://www.inomobile.com/
http://www.statistics.gov.uk/cci/nugget.asp?id=6
http://www.statistics.gov.uk/hub/population/index.html
http://www.irr.org.uk/statistics/population.html
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