Sukoda.com Market Research Initiative

Open
DROM Practice
Waterloo, Ontario, Canada
Val Shah
CEO/Founder
(2)
2
Project
Academic experience
100 hours of work total
Learner
Anywhere
Intermediate level

Project scope

Categories
Data analysis Market research Competitive analysis Customer segmentation Marketing strategy
Skills
market dynamics market trend competitive analysis data analysis strategic planning marketing market research research purchasing
Details

DROM Practice is expanding its reach by developing Sukoda.com, an online marketplace dedicated to promoting health and wellbeing products and services. The goal of this project is to conduct comprehensive market research to identify key trends, consumer preferences, and competitive landscape within the health and wellbeing sector. This research will help Sukoda.com position itself effectively in the market and tailor its offerings to meet consumer demands. The project involves analyzing existing market data, identifying potential customer segments, and evaluating competitor strategies. By understanding the market dynamics, the team will provide insights that will guide the strategic planning and marketing efforts for Sukoda.com.



Key tasks include:


- Gathering and analyzing data on current market trends in health and wellbeing.


- Identifying target customer demographics and their purchasing behaviors.


- Evaluating competitors' strengths and weaknesses.


- Recommending strategies for market entry and positioning.

Deliverables

The project will culminate in a comprehensive market research report that includes detailed analysis and actionable insights. This report will serve as a strategic guide for Sukoda.com's market entry and positioning. Additionally, the team will present their findings and recommendations in a presentation to DROM Practice stakeholders.



Deliverables include:


- A detailed market research report with data analysis and strategic recommendations.


- A presentation summarizing key findings and proposed strategies.


- A list of potential customer segments and competitor analysis.

Mentorship
Skills, knowledge and expertise

Sharing knowledge in specific technical skills, techniques, methodologies required for the project.

Tools and/or resources

Providing access to necessary tools, software, and resources required for project completion.

Regular meetings

Scheduled check-ins to discuss progress, address challenges, and provide feedback.

Supported causes

The global challenges this project addresses, aligning with the United Nations Sustainable Development Goals (SDGs). Learn more about all 17 SDGs here.

Good health and well-being

About the company

Company
Waterloo, Ontario, Canada
0 - 1 employees
Education, Entertainment, Events services, Hospital, health, wellness & medical, Sports & fitness
Representation
Women-Owned Small Business

DROM Practice is a dynamic fusion of movement, rhythm, and mindfulness designed to energize the body, refresh the mind, and uplift the spirit. Rooted in the power of music and motion, DROM transforms stress into energy, bringing people into the present moment through an immersive, full-body experience.
Whether in workplaces, wellness spaces, or community events, DROM helps individuals and teams break free from mental fatigue, boost creativity, and reconnect with their inner vitality. More than just a workout or meditation, it’s a science-backed, joy-filled practice that enhances well-being, focus, and resilience.
DROM isn’t about learning steps—it’s about feeling the beat, moving with intention, and showing up as your best self. Because when we move with purpose, we shift our energy, elevate our mindset, and unlock our full potential.