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Strategy and Implementation Summary
What is your common approach to make your business a winner and how will you realize this?
Electronics Store Marketing Strategy
What are the definite methods you are going to use in order to promote your Electronics Store business to your existing and likely patrons. You can moreover add the overheads involved in doing this and strategies involved in lowering your marketing outlay and how your marketing strategy can seek out your customers better. For instance if you are using PPC as a strategy to target Electronics Store patrons you possibly will use long tail keyword search phrases considerably than succinct generic words. This should bring down your PPC overheads as well as laser targeting your clients; though it will of course take longer to set up. Read more about marketing strategy.
Electronics Store Pricing Strategy
How have you arrived at your prices for your services and products? 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 regarding your products and services to your potential 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 benefits above your competition that you can exploit to your benefit? Are you capable of keeping your expenses lower than your rivalry so that you are always the cheapest? Do you have a superior place? Are you the originator or the only one to provide a service or product? Are you able to stay ahead of the opposition 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's 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 pay a quick visit to this website and get more information with reference to putting your Electronics Store business online.
Sales Strategy
How are you going to pick up sales for your Electronics Store business in the first place and how are you going to boost or maintain sales as time goes on? How much is each sale going to cost you? Make sure you know what questions to ask of your likely customers and know the answers to likely questions they will ask you. How are you going to develop an affiliation with your clients to get yet to come sales from them? How are you going to monitor 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 Electronics Store business proposal to assist you.
Management Summary
Management Team
Who are the focal players in your business?
Electronics Store Organizational Structure
What is the structure of your company - who is the manager of every department inside your organization?
Personnel Plan
This should be a register of every person in your company, their payment 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 expected to change in the future or not.
Electronics Store Financial Plan
Will you bring all your own funding or will it be a fusion of your money, bank loans, or angel investors? Do you need help in writing your financial plan?
Electronics Store Break Even Analysis
How long will it take to get your investments back in terms of capital outlay through sales of your services and products. You should represent this in graphical form. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Electronics Store Profit and Loss
You can embody profit and loss in the form of a monthly and yearly bar chart as well as tables. Clearly these ought to be revised as your business goes along on a monthly base. You can obtain a free profit and loss spreadsheet to assist you.
Electronics Store 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 contain all your crucial information which makes your business tick. This should 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 ought to only be given to likely investors.
Exit Strategy
How exactly are you going to sell your Electronics Store Business?
Electronics Store Business Plan Page 1 | Electronics Store Business Plan Page 2
Useful Electronics Store Resources
Electronics Store Marketing Plan | Electronics Store Equipment | Electronics Store Online
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