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Strategy and Implementation Summary
What is your common approach to make your business a winner and how will you accomplish this?
Credit Card Processing Service Marketing Strategy
What are the tangible methods you are going to use in order to promote your Credit Card Processing Service business to your present and potential clients. You can as well add the outlay involved in doing this and strategies involved in reducing your marketing overheads and how your marketing strategy can target your clients better. For instance if you are using PPC as a way to target Credit Card Processing Service clients you may draw on long tail keyword search phrases considerably than succinct generic words. This should lower your PPC expenditure as well as laser targeting your clients; though it will of course take longer to set up. Read more about marketing strategy.
Credit Card Processing Service Pricing Strategy
What line of attack did you use to get your selling 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 apply to get the word out concerning your products and services to your would-be patrons - are you going to do media releases, run events, networking, sales pitches, follow-ups, have promotional products?
Business Competitive Edge
Do you have some advantage over your competitors that you can exploit to your benefit? Are you able to keep your costs lower than your competitors so that you are at all times the cheapest? Do you have a first-class position? Are you the original or the only one to provide a product or service? Are you capable of staying ahead of the rivalry and if so what enables you to do this? Do you have a good identification, 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 case it's going to be something in-between these two, and you need to deliberate long and hard where your business is going to position itself. You can go and see this website and get more information in relation to putting your Credit Card Processing Service business online.
Sales Strategy
How are you going to acquire sales for your Credit Card Processing Service business in the first place and how are you going to build up or uphold sales as time goes on? How much is each sale going to cost you? Make sure you know what questions to ask of your prospective clients and know the answers to likely questions they will ask you. How are you going to put together a relationship with your patrons to get yet to come sales from them? How are you going to scrutinize 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 Credit Card Processing Service business proposal to assist you.
Management Summary
Management Team
Who are the key protagonists in your business?
Credit Card Processing Service Organizational Structure
What is the hierarchy of your business - who is the manager of every division within your business?
Personnel Plan
This should be a directory of everyone in your business, their wage 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.
Credit Card Processing Service Financial Plan
Will you supply 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?
Credit Card Processing Service Break Even Analysis
How long will it take to get your capital investment back by means of sales of your products and services. You should represent this in a graphical format. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Credit Card Processing Service 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.
Credit Card Processing Service Cash Flow
You should have tables and charts to demonstrate your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This should involve all your key info which makes your business operate efficiently. 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 should only be given to probable investors.
Exit Strategy
How exactly are you going to sell your Credit Card Processing Service Business?
Credit Card Processing Service Business Plan Page 1 | Credit Card Processing Service Business Plan Page 2
Useful Credit Card Processing Service Resources
Credit Card Processing Service Marketing Plan | Credit Card Processing Service Equipment | Credit Card Processing Service Online
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