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Strategy and Implementation Summary
What is your general strategy to make your business a success and how will you accomplish this?
Sports Memorabilia Marketing Strategy
What are the authentic methods you are going to draw on in order to market your Sports Memorabilia business to your existing and probable clients. You can moreover add the expenses involved in doing this and strategies involved in reducing your marketing outlay and how your marketing strategy can target your patrons better. For instance if you are using Pay Per Click as a technique to target Sports Memorabilia customers you may well employ long tail keyword search phrases preferably than short generic words. This ought to lessen your Pay Per Click outlay as well as laser targeting your clients; though it will of course take longer to set up. Read more about marketing strategy.
Sports Memorabilia 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 put into operation to get the sound out about your services and products to your would-be clients - 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 opposition that you can exploit to your gain? Are you capable of keeping your outlay lower than your competition so that you are at all times the cheapest? Do you have a premier place? Are you the pioneer or the only one to provide a service or product? Are you capable of staying in front 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 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 need to consider 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 Sports Memorabilia business online.
Sales Strategy
How are you going to acquire sales for your Sports Memorabilia business in the first place and how are you going to boost or uphold sales as time goes on? How much is each sale 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 develop a relationship with your patrons to get future 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 Sports Memorabilia business proposal to assist you.
Management Summary
Management Team
Who are the central protagonists in your company?
Sports Memorabilia Organizational Structure
What is the structure of your company - who is in charge of each division within your business?
Personnel Plan
This should be a record of everybody in your company, their salary 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.
Sports Memorabilia Financial Plan
Will you bring 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?
Sports Memorabilia 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.
Sports Memorabilia 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 base. You can obtain a free profit and loss spreadsheet to assist you.
Sports Memorabilia Cash Flow
You should have charts and tables to illustrate your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This should take account of all your critical info 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 impending investors.
Exit Strategy
How exactly are you going to sell your Sports Memorabilia Business?
Sports Memorabilia Business Plan Page 1 | Sports Memorabilia Business Plan Page 2
Useful Sports Memorabilia Resources
Sports Memorabilia Marketing Plan | Sports Memorabilia Equipment | Sports Memorabilia Online
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