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Strategy and Implementation Summary
What is your general approach to make your business a success and how will you complete this?
Bill Paying Service Marketing Strategy
What are the tangible methods you are going to employ in order to promote your Bill Paying Service business to your existing and possible patrons. You can furthermore add the overheads involved in doing this and strategies involved in reducing your marketing overheads and how your marketing strategy can seek out your clients better. For example if you are using Pay Per Click as a structure to go for Bill Paying Service clients you may well use long tail keyword search phrases significantly than succinct generic words. This ought to condense your PPC outlay as well as laser targeting your patrons; even though it will of course take longer to set up. Read more about marketing strategy.
Bill Paying Service Pricing Strategy
How have you arrived at your prices for your products and services? Are you going to use cost-plus pricing, limit pricing, loss leaders, market-oriented pricing, penetration pricing, price discrimination, premium pricing, predatory pricing, contribution margin-based pricing, psychological pricing, dynamic pricing, target pricing, absorption pricing, high-low pricing, marginal-cost pricing, odd pricing, freemium or pay what you want pricing?
Check out this article on pricing up your products
Promotion Strategy
What promotion strategies are you going to implement to get the word out about your products and services to your possible customers - are you going to do media releases, run events, networking, sales pitches, follow-ups, have promotional products?
Business Competitive Edge
Do you have some advantage over your opposition that you can exploit to your advantage? Are you able to keep your overheads lower than your competition so that you are continually the cheapest? Do you have a superlative location? Are you the first or the only one to supply a service or product? Are you able to stay in front of the competition and if so what enables you to do this? Do you have a good identifying mark, trademarks, patents or a licence?
Web Strategy
Are you going to have no website whatever or an all singing and dancing website with bells and whistles on? In most scenarios it is going to be something in-between these two, and you need to consider long and hard where your company is going to position itself. You can visit this website and get more info on the subject of putting your Bill Paying Service business online.
Sales Strategy
How are you going to generate sales for your Bill Paying Service business in the first place and how are you going to build up or sustain sales as time goes on? How much are your sales going to cost you? Make definite you know what questions to ask of your likely patrons and know the answers to likely questions they will ask you. How are you going to make a relationship with your patrons to get prospective sales from them? How are you going to check your sales? Do you want to increase your sales?
Formulating a good business proposal will increase your chances of getting a sale. Use this sample Bill Paying Service business proposal to assist you.
Management Summary
Management Team
Who are the most important protagonists in your business?
Bill Paying Service Organizational Structure
What is the hierarchy of your business - who is the manager of each department inside your organization?
Personnel Plan
This ought to be a record of everybody in your company, how much they are paid and what if any share options they have for now and in the future. You can also add what type of contracts they have, long and short term and whether that is prone to change in the future or not.
Bill Paying Service Financial Plan
Will you bring in all your own funding or will it be a blend of your money, bank loans, or angel investors? Do you need help in writing your financial plan?
Bill Paying Service Break Even Analysis
How long will it take to get your investments back in terms of capital outlay by means of sales of your products and services. You ought to represent this in a graphical format. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Bill Paying Service Profit and Loss
You can denote this usually in the form of a monthly and yearly bar chart as well as tables. Clearly these should be revised as your business goes along on a monthly basis. You can obtain a free profit and loss spreadsheet to assist you.
Bill Paying Service Cash Flow
You ought to have charts and tables to present your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This should add in all your central information which makes your business tick. This ought to be your business financials - so all your tables of numbers, tax returns, inventory estimates and personal and business credit history information. The information in the appendix is highly confidential and should only be given to likely investors.
Exit Strategy
How exactly are you going to sell your Bill Paying Service Business?
Bill Paying Service Business Plan Page 1 | Bill Paying Service Business Plan Page 2
Useful Bill Paying Service Resources
Bill Paying Service Marketing Plan | Bill Paying Service Equipment | Bill Paying Service Online
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