Wild Wood
Faculty
Farahan Habib Zinnia
4/12/2015
Group project principles of marketing
Spring 2015
Team
Fantastic 5
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WILDWood Furniture
Group project
Principles of Marketing
MKT202, Section: 14
Faculty
FARHANA HABIB ZINNIA (FHZ)
FANTASTIC 5
The team members NAME ID
Fuad Bin Saif 1411722630
Hossain Ahmed Shuvo 1420947030
Mithila Israt Amey
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Bolstered by appearances in specialty catalogues, we were able to develop another additional channel through distributors of office furniture and house hold furniture that sell directly to larger enterprises.
This report plan calls for accelerated growth. Because we want our sales growth to generate enough working capital implications, we are carefully planning to manage growth and provide for steady cash flow.
We intend to introduce new
3) Vacation Goers: This segment includes retired couples who love to travel. They want to look back on their great memories of traveling around the world. They have more free time than the other segments, so they can devote more time to putting together their scrapbooks. This segment 's age is between 50 and 70. Their income range is $50,000 and over.
* Focus on continual growth and improvement while providing a reasonable return to our investors.
Being in a growth phase is a challenge, since our growth is faster than our sustainable growth rate, we must follow that with a dynamic approach and increased marketing efforts, and secure debt and equity financing. We are in the midst of many changes in response to this growth to attempt to maximize customer lifetime value, including adopting credit card payment integration, hosting promotional events, adjusting pricing models, charging interest to late paying clients, utilizing targeted marketing campaigns, growing our presence on social media and increasing automation.
Decker’s article makes the point Kapur has plans to completely overhaul the furniture buying experience. I cannot say that Maiden Home’s business model is the solution for the modern consumer. Buying furniture is a very personal experience. Some customers will not be able to properly imagine how a piece of furniture would look in their home, due to the fact that the only representation they are seeing is on a computer screen. Furthermore, I believe people on
The Home Depot store on 59th St in Manhattan uses its storefront to attract its customers. In his book Why We Buy, Paco Underhill points out “the front of a store has utmost importance in determining who enters.” When it comes to generating traffic, and attracting people to buy, the front of the store has the most pull. To attract people to its store, the Home Depot location took advantage of its bright orange colors against the surrounding bland cement buildings with bright orange balloons as flags. The bright color pop on the East side, drawing peoples eyes and attention towards their store.
The following sections will outline our financial plan for growth and continued sales. Important assumptions are laid out in each section to better clarify what we are projecting.
1) Despite the rapid growth in its business , positive expect in sales in the future and good profits, the company had experienced a shortage of cash to expand business.
As previously written, research done by Standard & Poor’s Industry Surveys mentioned that although consumers enjoy furniture shopping, they lack the confidence to make certain judgments about the quality, furniture construction, and price of furniture. Furthermore, in order to gain more
There are over 1.1 million men and woman amateur and pro bodybuilders alone in the United States. The IFBB has competitors age ranges from as young as 16 years to as old as 83 within a range categories for competition, The NutiBullet Pro is a necessary tool to assist the competitors in preparing for competitions fulfilling a need for a quick, convenient and easy way for bodybuilders to create their protein shakes, whey smoothies or one of their required 6 to 7 meals a day.
Asset growth should remain consistent at a projected 10% growth year over year for the next five years. The Bank may experience anomalies in growth in the event an acquisition event happens. The Bank is on an aggressive growth plan with the goal to achieve 1.5
Our choices led to a constant increase in net income over the three years. Short term debt increase by approximately 100% percent but steadily reduced over the next three years. We were happy with the positive growth of the company and the fact that we were able to pay off most of the initial short term funding required by the increase in working capital requirement. Overall the current situation of the company in 2018 is good, although the total value created is less than 20% of that created in phase 1. From this we learned that the value of the firm can be significantly increased more through a reduction in working capital requirement than through increasing the firm’s sales and net income.
It’s that time of year when companies spend time reflecting on the end of one year and begin making goals for the next. And there’s one goal that we’re willing to bet is likely at the top of nearly everyone’s list: growth.
Given the radical new concept, the sales task for market driving firms is not to sell but rather to educate the customer on how to consume their essential value proposition. In this respect, IKEA had to teach customers the benefits of transporting furniture
Recently, I helped a new company who wanted to help tech startups connect with investors. They had invested quite a bit of time and money into a marketing strategy. When I looked over their strategy, it was all about the benefit of their products and had nothing to do with the startups they were trying to do business with. Understandably, they were frustrated that their efforts were not getting any traction with their target audience, and they were worried that all of their wasted time and money would be their undoing.
Product promotion is one of the necessities for getting the brand in front of the public and attracting new customers. There are numerous ways to promote a product or service. Some companies use more than one method, in many cases this depend on the marketing purposes. I will use digital marketing. The initial idea for the project is to make promotional strategy for wooden flooring company that is currently struggling with the business. They had worked very hard in the past to build up their business, however the experience and relationship with other companies has placed them in position of a beginner without anything to support their branding. I found out the big problem, that stopped the improvement of the company is luck of visual communication. My aim is to bring branding identity of the company to the public and also to commercial audience. The main product I will produce is a website with e-commerce aspect, which will be supported by dynamic series of banners. Another part of the project be a simple promotional game for wooden flooring company. I will be focusing on the unity of style and presence of the project. Visual communications will be the key to successful promotional strategy. Successful advertising involves making services positively know by the public side most likely to use them. I will be creating branding image, that colligate with the services and its product in graphical way. The layout, logo and style will be kept