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Strategy and Implementation Summary
What is your common line of attack to make your business a success and how will you accomplish this?
Record Label Marketing Strategy
What are the concrete methods you are going to exercise in order to promote your Record Label business to your present and possible customers. You can what's more add the overheads involved in doing this and strategies involved in reducing your marketing outlay and how your marketing strategy can seek out your patrons better. For example if you are using PPC as a structure to go for Record Label customers you could employ long tail keyword search phrases rather than short generic words. This ought to trim down your Pay Per Click expenses as well as laser targeting your patrons; though it will of course take longer to set up. Read more about marketing strategy.
Record Label 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 execute to get the word out as regards your services and products to your would-be 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 advantage above your competition that you can exploit to your benefit? Are you able to keep your outlay lower than your rivals so that you are continuously the cheapest? Do you have a superior locality? Are you the originator or the only one to supply a service or product? Are you able to stay in front of the rivalry 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 is 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 go and see this website and get more information regarding putting your Record Label business online.
Sales Strategy
How are you going to get sales for your Record Label business in the first place and how are you going to increase or maintain 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 build up a connection with your clients to get prospective sales from them? How are you going to observe 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 Record Label business proposal to assist you.
Management Summary
Management Team
Who are the major protagonists in your business?
Record Label Organizational Structure
What is the hierarchy of your company - who is in charge of every division in your organization?
Personnel Plan
This ought to be a directory of everyone in your business, their remuneration 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.
Record Label Financial Plan
Will you provide all your own funding or will it be a combination of your capital, bank loans, or angel investors? Do you need help in writing your financial plan?
Record Label Break Even Analysis
How long will it take to get your capital investment back by means of sales of your services and products. You ought to represent this in a graphical format. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Record Label Profit and Loss
You can represent this usually in the form of a monthly and yearly bar chart as well as tables. Observably 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.
Record Label Cash Flow
You ought to have charts and tables to explain your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This should contain all your critical info which makes your business operate efficiently. 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 ought to only be given to likely investors.
Exit Strategy
How exactly are you going to sell your Record Label Business?
Record Label Business Plan Page 1 | Record Label Business Plan Page 2
Useful Record Label Resources
Record Label Marketing Plan | Record Label Equipment | Record Label Online
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