My shop is going to sell second hand clothing and school equipments. The school clothing will be fixed up to make them appeal to market audience and look as good as new. Shoes are ranging from size 6-10 to make sure they fit the large majority of the school students. Blazer colour will be ranging from black to green and ties will have to types: gold and yellow stripes ties and dark green ties. We also sell school summer shirt as well as school badges and PE kits. School equipments are various in sizes and shapes. For example, I will sell 2 types of ruler, 15cm and 30 cm long. We will sell black, blue and red pens. Sharpeners and erasers will vary in shapes and sizes and pencils are HB only. I will also sell 1G USB and regular calculators.
My market target audience is students from local school especially those who live near the local area. They are the ones who have need for school equipments and school clothing it also can be for
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My competitions will be other shops around the area that selling the same items or service as my shop. I will have to compete for customers and resources. If I don’t have enough money, I won’t make enough profits to support the survival of my shop. I have to make sure there are cheaper items in my shop than the other ones. More people will come to my shop meaning I am making a profit. My products prices must be reasonable, more than what I bought them for and have to be lower than the other shops if possible. This will ensure the survival and growth of my shop in the first year.
To promote my business, I need to give out leaflets and put up posters from time to time to make sure more and more people would know about my shop. With regular customers, I will include personal selling as well. For instant, I will sell a unique pen that I don’t sell in my shop to a regular customer will make them feel special, trusted and interested. This is a good way to keep regular
Due to the good establishment of the business, it has huge market national. The company has therefore opened many retail shops and stores all over the country to ensure that their products are accessible to the customers. The entity provides a favorable environment, and many clients view the place as a fun shopping place to be. The retailer has targeted a big pool of customer because of the variety of products it sells. The stores products vary from kitchen goods, jewelry, and electronics clothes to hardware
Roxie Photography is a photography business located in Fort Wayne, Indiana. Roxie Photography specializes in Newborn Photography and Boudoir Photography. The company is new to the Fort Wayne Area, having moved to the area from Guam. Roxie Photography owns a physical location, on East State Boulevard. The company currently offers two services, Boudoir sessions and Newborn sessions. Roxie Photography’s main focus is on the Boudoir service.
The sales director proposed that if the firm were to reduce the price of Item 345 to FF15.00/m, they would be able to increase sales to 175,000 units (or 25% of industry volume). But if they were to keep the price at the current value of FF20.00/m, they would be able to sell not less than 75,000 units (or 11% of industry volume).
The McDonald's Corporation, headquartered in the United States, is the world's largest chain of quick service fast food restaurants operating in around 119 countries with a customer base of 68 million. A McDonald's restaurant operates either through a franchisee or the corporation itself and its revenue stream includes rent, royalties and fees or the sales of products respectively.
The five cars that were chosen included the following: A Ford pickup truck, a Buick sedan, a Toyota minivan, a Porsche 9-11 Turbo, and a Mercedes Benz C-Class. The individuals' personalities varied by gender, age, manner of dress, and other distinctiveness. They consisted of a twenty-one year old, white female; a thirty-four year old black male; and a fifty-two year old Hispanic male. These three individuals, ranging from various demographics were asked to match each of the five people in the personality groups with one of the five cars that described his/her personality most accurately. After analyzing the results of the individuals' answers, many strong consistencies were present in their responses.
Baby items, particularly things like diaper cakes, blankets, used baby clothing, and personalized gifts have long been a staple commodity in yard sales, craft shows and Ebay.com. Talk of a particularly unique vendor is usually spread via word of mouth. In fact, the crafting world itself is largely a grass roots movement. For most people, generating a few hundred dollars a month is more than adequate. Even more see their sales skyrocketing during the holidays, only to find that their success was momentary. To be perfectly honest, there are literally thousands of other people doing what you are trying to do now. The main difference between yourself and your competition is the fact that they are more focused on the products themselves than actually creating a strategy to sell them.
Finding an appropriate forum for your advertisement is probably the most important part of your setup. Usenet, a distributed bulletin board system that most Internet service providers and academic institutions make available to their users, is your best bet for reaching potential buyers. Usenet is divided into several hierarchies, or groups of bulletin boards (known individually as Blogs) that feature similar topics of discussion. For example, the alt.marketplace hierarchy contains the alt.marketplace, alt.marketplace.books, alt.marketplace.cassettes, and alt.marketplace.videotapes Blogs. However, when staging your sale you must choose the appropriate Blog. Posting daily sale updates to an off-topic Blog can get you flamed, mailbombed, or worse. Research your options thoroughly and well; read the news.answers Blog or set your web browser's URL to ftp://rtfm.
Marketing Management While researching through texts and documents, I found several careers that would interest a leader, yet only a few are in high demand and will cause a growth in jobs in the community. Marketing is in the top jobs to have in the US during 2012-2013 according to US News. Marketing general management is mostly about business, advertising, sales, products, income, costumers, etc. This research paper will help you get a better idea on how the marketing business originated and how it has now become one of the best jobs to have in the US.
Market opportunities for breakfast cereals is vast, some segments of the market have been neglected, most notably that of the over-50’s. Insightful presentations were given at the “Older, Richer, Wiser” Conference that would suggest the over 50’s market segment is targetable.
Marketing is a very broad term, which encompasses all the activities that help businesses in identifying their customers and needs of their target market, utilising all the communication resources in order to target their target market, eventually persuading them to purchase the organisations products and services. It is much broader than the concept of selling, as selling just includes techniques of direct communication used to persuade the customers to buy the products and services of an organisation. In fact, sales are the integral part of marketing. Marketing also helps organisations to utilise all resources in an efficient way to gain customer satisfaction, which will eventually help in the growth of the company. While, on one hand, marketers tend to focus on the needs and preferences of the customers, they also need to keep a close eye on their competitors (Gillespie, 2010). Companies always look to beat down their competition with providing better products and/or services, or by providing less-expensive goods to the customers than their competitors, in order to achieve or maintain the leading position in the industry. The core focus of this paper is to identify and discuss the core aspects how managers could maintain the marketing activities of the organisation in the global context.
Marketing is a vital component in the success of businesses. Smaller businesses rely on business advertising, expenses, knowing if the business is networking with the right people, or joining the best organisations which lead to success (EStartup business blog, 2010). Marketing concentrates on customers and what the customers want. Customers are the source of sales and profits. Many small businesses are faced with remarkable hardships due to not developing the right marketing plan (EStartup business blog, 2010). To help these businesses a more appropriate or better marketing plan needs to be designed. Small business internet marketing services can help businesses develop and thrive in a highly competitive market. For the highest quality internet marketing services, hiring an online marketing company to design a customized internet marketing campaign may be advantageous for some businesses (EStartup business blog and contributors, 2010). Identified will be the role that marketing plays in a successful business demonstrated by use of two examples, the importance of developing a marketing plan, and ethical and legal issues that surround marketing practices (EStartup business blog, 2010).
Marketing can be seen as an effective way to communicate the value and purposes of a product or service to customers and consumers; for the primary purpose of selling that product or service. However, there are many different types of strategies that dissipates uniquely into different the ranges of the marketing spectrum. The purpose of this research paper is to define marketing strategy, briefly understand how to create a marketing strategy, and analyzing the different types of marketing strategies at various business levels. Marketing strategy is defined as the results of a thorough market analysis, which combines all of a firm’s or company’s goals into one comprehensive plan. An effective marketing strategy must be drawn from the fundamental research of the markets it resides in; focusing on the correct product mix in order to fully potentially profit at the highest possibility. In today’s society, the marketing concept can be seen as the philosophy in which firms analyze the needs of their customers and create decisions in which to satisfy those needs.
All items are hand-picked and have been established for 3 years. Mr Price will need to combat this threat by closing the gap where potential customers are escaping by merging businesses, or creating a competitive advantage. A competitive advantage is achieved by having lower prices, better quality, customer’s loyalty or best service. (Retief, 2015)
Marketing is a fundamental aspect of all businesses, whether they are set out to make a profit, or charitable organisations - they will have to carry out marketing research of some description. It has been described as being, “the management process responsible for identifying, anticipating and satisfying customer requirements profitably.” (Chartered Institute of Marketing) This essay will explore the role of marketing in a marketing oriented business and different aspects of the external environment that a smartphone company should be aware of. The points raised throughout will be supported using relevant journals, textbooks and newspaper articles.
Too often, a marketing function is misunderstood, because many people do not understand what is meant by ‘Marketing’.