This business plan covers a product for the company Wi-Battery Life. The main product of the company is Wi-Battery Life Increase. This product was influenced by the increasing use of wireless technology. Generally, the root “Wi” refers to “no physical contact.” Technologically, the use of wireless technology is being adopted to replace the use of manual wires. With the increasing use of technology, wireless technology is becoming more useful than the use of physical wires, which tend to consume more wires. Globally, there is an increase in the use of portable devices like tabs, phones, laptops among other devices. Even though these devices have brought increase productivity in the business world, education and other fields, there use is …show more content…
In the long run, the business
NAME THE PRODUCT3 will begin to operate on average market prices. This strategy will help in ensuring that the profit margins do not drop and that competition from new business reduced.
Distribution
Selling of the product will be done using two different methods. This will be through direct selling and retailing. The direct sell will be offered via the company website. Here customers will make their order and make payment online. To find their product, they will be directed to a particular retail shop in their area. Through retailing customers will find the product from retailers near them.
Promotional Plan
The main marketing tool will be self-branding on the social networks through Facebook, LinkedIn, and Youtube. These tools are free for registering. The company will be providing the description of the product via these tools to inform the works on how they can benefit from the product.
Also, magazines will be used in promotion. The business would use them in advertisements. At the beginning of the business, an article will be developed to ensure that consumers are provided with information regarding the use and benefits of the product. An example of the magazine in which the advertisement will be made is the Forbe Middles East, and Computer News Middle East and Men’s Magazine. Also, Online-Sales will be made
Different retailing businesses have very different distribution methods based on the types of product that they sell, some arguably more effectively than others.
Companies uses a blend of advertisement, public relations, personnel selling and direct marketing tools to communicate and persuade customers of value of product to them.
You are in the role of a researcher employed by a marketing magazine and have been asked to investigate a number of promotional activities that may form the basis of future articles in editions of the magazine.
Describe the methods that will be used to sell and distribute the products or services
The company has used the element of networking with the prospective marketers and ambassadors to market their products. The company has also used direct sales through fundraising to increase prospect of gaining more market.
Being able to acquire a new market may bring those new customers to their current market.
I'm sure your looking for an advantage in you business. You want to keep growing .....earning long term profits
In the 21st Century there are many ways of marketing, promoting an idea, opinion, or product. Commercials, events, workshops, and the internet are ways that information can be obtained by consumers, and it also gives people opportunities to be enlightened or object to other person’s views or ideas. In addition, magazines are a useful tool for an individual to gain insight on different topics from one product and explore opinions from many reliable individuals. This essay will explore three magazines all from the same publisher; Parents Magazine. The target audience
The ad sales representatives “sale” this magazine by making appointments and meeting with clients. This company has great statistics including online statistics, number of magazines printed, and third part business. This company also has editorial integrity. There are no promises on coverage because advertising representatives have to be persistent and understand the messages and purpose of the magazine. They market this magazine by building connections with clients, getting involved in the community and nonprofits, and using their overall mission to inform, inspire, and
A large portion of the magazine is devoted to advertisements, which feature attractive women and men enthusiastically promoting make-up, designer clothing, and perfume. The sheer amount of
After identifying ten key businesses that would be full page advertisers, Bengal Solutions concluded that there is not a large enough incentive to pursue creating the magazine at this time. Bengal Solutions identified the four regional hospitals, the INL, ON Semiconductor, Premier Technologies, Melaleuca, Bannock Development Corporation, and REDI as potential advertisers since they are the most willing to purchase magazines and purchase advertising while also having the capital to do so. Many of these corporations fall within the scope of the publication and for the ones who don’t they are either concerned with economic development in the area or have marketing budgets large enough to consider the startup publication. The majority of these
Our marketing activities will include use of social media that includes links, blogs, tagging in sites like twitter and Facebook, personal networking and enhanced site searches. Shopping feeds, customer surveys and product reviews. The activities to be used include emails, newsletters, email enquiry buttons and form and shopping catalogues.
To put the company's products to consumers can be sold through public distribution channels, direct channels, indirect channels.
Smart Bracelet Company has an insufficiency of capital to promote and even develop our product because we are just a small business. The best way to solve this problem is to attract more investors by showing them our company business plan. It is a written document that describes our business. It cover objectives, strategies, sales, marketing and financial forecasts. Investors will determine whether our company will bring them profit in future. Moreover, our company can raise capital by going public. We can sell an initial public offering (IPO) of stock. A publicity-traded company with stock that has performed successfully will usually find it easier to borrow
As a first timer in the business industry, the term of sales would be on cash basis only. On the first quarter of the business, the proponents are planning to channel their distribution as a direct selling