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Strategy and Implementation Summary
What is your general stratagem to make your business a success and how will you complete this?
Online Music Shop Marketing Strategy
What are the authentic ways you are going to draw on in order to market your Online Music Shop business to your existing and would-be patrons. You can as well add the costs involved in doing this and strategies involved in lowering your marketing outlay and how your marketing strategy can seek out your patrons better. For instance if you are using Pay Per Click as a technique to target Online Music Shop clients you possibly will use long tail keyword search phrases rather than succinct generic words. This should slash your Pay Per Click overheads as well as laser targeting your patrons; even though it will of course take longer to set up. Read more about marketing strategy.
Online Music Shop Pricing Strategy
How did you work out your price points 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 execute to get the word out concerning your services and products to your possible patrons - are you going to do media releases, hold events, networking, sales pitches, follow-ups, have promotional products?
Business Competitive Edge
Do you have some benefits over your competition that you can exploit to your gain? Are you able to keep your overheads lower than your rivals so that you are at all times the cheapest? Do you have a prime locality? Are you the first 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 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 ought to contemplate long and hard where your business is going to position itself. You can visit this website and get more info on the subject of putting your Online Music Shop business online.
Sales Strategy
How are you going to get sales for your Online Music Shop 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 certain you know what questions to ask of your likely clients and know the answers to likely questions they will ask you. How are you going to encourage a bond 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 Online Music Shop business proposal to assist you.
Management Summary
Management Team
Who are the central players in your business?
Online Music Shop Organizational Structure
What is the hierarchy of your company - who is in charge of every division within your company?
Personnel Plan
This ought to be a record of everybody 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 apt to change in the future or not.
Online Music Shop Financial Plan
Will you provide all your own funding or will it be a mixture of your money, bank loans, or angel investors? Do you need help in writing your financial plan?
Online Music Shop Break Even Analysis
How long will it take to get your capital investment back through sales of your products and services. You should represent this in graphical form. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Online Music Shop Profit and Loss
You can embody this usually in the form of a monthly and yearly bar chart as well as tables. Obviously these ought to be revised as your business goes along on a monthly basis. You can obtain a free profit and loss spreadsheet to assist you.
Online Music Shop Cash Flow
You should have tables and charts to reveal your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This ought to incorporate all your fundamental 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 potential investors.
Exit Strategy
How exactly are you going to sell your Online Music Shop Business?
Online Music Shop Business Plan Page 1 | Online Music Shop Business Plan Page 2
Useful Online Music Shop Resources
Online Music Shop Marketing Plan | Online Music Shop Equipment | Online Music Shop Online
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