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Strategy and Implementation Summary
What is your universal approach to make your business a success and how will you complete this?
Independent Record Label Marketing Strategy
What are the tangible ways you are going to use in order to market your Independent Record Label business to your present and possible patrons. You can what's more add the expenditure involved in doing this and strategies involved in reducing your marketing costs and how your marketing strategy can target your patrons better. For example if you are using Pay Per Click as a technique to target Independent Record Label clients you might draw on long tail keyword search phrases rather than short generic words. This should bring down your Pay Per Click expenditure as well as laser targeting your clients; though it will of course take longer to set up. Read more about marketing strategy.
Independent Record Label 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 put into action to get the sound out as regards your products and services to your would-be clients - 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 over your opposition that you can exploit to your advantage? Are you able to keep your outlay lower than your rivalry so that you are continuously the cheapest? Do you have a premier locality? Are you the originator or the only one to supply a product or service? Are you able to stay in front of the competition and if so what enables you to do this? Do you have a good class, trademarks, patents or a licence?
Web Strategy
Are you just going to have nothing at all 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 ought to contemplate long and hard where your business is going to position itself. You can pay a visit to this website and get more information regarding putting your Independent Record Label business online.
Sales Strategy
How are you going to acquire sales for your Independent Record Label business in the first place and how are you going to grow or preserve sales as time goes on? How much is every sale going to cost you? Make sure you know what questions to ask of your budding customers and know the answers to likely questions they will ask you. How are you going to develop an association 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 Independent Record Label business proposal to assist you.
Management Summary
Management Team
Who are the major protagonists in your business?
Independent Record Label Organizational Structure
What is the structure of your business - who is the manager of each department inside your company?
Personnel Plan
This should be a list of every person in your company, how much they get 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 liable to change in the future or not.
Independent Record Label Financial Plan
Will you provide all your own funding or will it be an assortment of your wealth, bank loans, or angel investors? Do you need help in writing your financial plan?
Independent Record Label Break Even Analysis
How long will it take to get your investments back in terms of capital outlay through 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.
Independent Record Label Profit and Loss
You can denote profit and loss in the form of a monthly and yearly bar chart as well as tables. Observably 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.
Independent Record Label Cash Flow
You should have tables and charts to explain your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This ought to involve all your critical info 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 would-be investors.
Exit Strategy
How exactly are you going to sell your Independent Record Label Business?
Independent Record Label Business Plan Page 1 | Independent Record Label Business Plan Page 2
Useful Independent Record Label Resources
Independent Record Label Marketing Plan | Independent Record Label Equipment | Independent Record Label Online
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