Questions On Marketing Media

Submitted By anniemonaghan3
Words: 1363
Pages: 6
Open Document
Marketing Media
12/8/10

Description of the Business: 1. Indicate the competitive edges your business offers. -We provide top of the line equipment, which could pose as a challenge to other gaming places that have not so new equipment. We also have coupons that provide certain special offers to specific customers. 2. Describe the products or services that will be offered. -We offer the ultimate gaming experience as well as a lounge to hangout in and eat some food. 3. Describe the customers you plan to target. -We plan to target young people aged from 12-25. We do not exclude people but we mainly target those ages, but anyone can really come in and play. 4. Briefly describe your operations and distribution of the products. -We are in a building located at Montclair High School, which is where our lounge is located. People have to come to us to participate in our lounge. 5. Describe the image you want your business to have and how you plan to achieve this. -We want our image to be young, cool and where all the teens want to come and hang out. Self Analysis: 1. What skills or training do I need to start this business? -You have to be familiar with marketing media and video games. You have to have some knowledge of game types, systems, and how to start a business in video games and the liabilities.

2. Do I have the optimism to succeed? -You have to have optimism in anything you do, not just to start a business. But, yes you have to expect you are going to succeed to actually succeed. I have the optimism. 3. Am I a self-starter? -I am a self-starter. 4. Am I innovative? -I am very innovative, always looking to make something better. 5. Do I have the skills to be able to make decisions and enforce them? -I do have the skills to be able to make decisions and enforce them. I learn from my mistakes so if I make the wrong decision then I benefit from it. 6. Am I willing to take a risk? -I am always willing to take a risk. I always want a challenge and am always up for it. I will always take a risk for something I believe in. 7. Do I have set short and long-range goals for myself? -Its part of the plan to set goals for yourself before to provide yourself with a challenge and a requirement that you have to meet. 8. Can I manage my resources wisely [human, material and financial]? -I can manage my resources wisely. 9. What are my strengths that will help me start a business? -My strengths are leadership, knowledge of how to run a business, intelligence, and other traits that help me to be able to start a business.

10. What are my weaknesses that might hinder me in starting a business? -My weaknesses are if I take leadership I am motivated to start and finish a project my way and if I don’t like a certain idea then I don’t hesitate to shoot it down unwillingly.
Trading area analysis: 1. What location will provide accessibility? -The school would provide complete accessibility to most of our customers because we target mainly teens that are in high school. 2. How many clients are expected top utilize the business? -We need to have a variety of customers aged differently so our business shows diversity and conformability. 3. What demographics (age, gender) need to be considered in starting this business? -In our business specifically, we need mostly teens to make up majority of our customers. Gender doesn’t matter at all. We are not sexist. 4. How much disposable income do potential customers have? -The
Show More

Related Documents: Questions On Marketing Media

Social Media Marketing

Social Media Marketing/Networking Joseph Creighton Alexander Urisko Social networking sites are very popular amongst individuals all over the world nowadays. The online social network is composed of several large well known top social networks such as Facebook, Twitter, Youtube, and LinkedIn. These social networking websites create an online community of Internet users, each offering different advantages of social networking to its many members. There are three common advantages of social networking…

Words 2937 - Pages 12

Social Media in Marketing Essay

The purpose of this report is to provide an insight into the role that social media marketing can play in a business’s marketing strategy and hence should organisations employ such a strategy for a competitive advantage over other competing firms? According to Douglas Idugboe building a social media marketing strategy is one of the basic building blocks to leveraging social media for your business.(6) There is an ever-growing interaction between networks and business’s and increasing participation…

Words 830 - Pages 4

Essay On Social Media Marketing

Social Media Marketing (SMM) is the buzz word these days. The business is barely a couple of years old but has changed the way businesses and labels promoted themselves. Marketing is a subject that keeps seeing new challenges rapidly. Social media was launched as a means to stay in touch with your loved ones but now it is a great deal more than just that and ignoring the prospects of Social Media Marketing at present will only be lethal for brands. This era can be termed as Social Media period…

Words 447 - Pages 2

Essay about Marketing: Marketing and Social Media

When considering this quote from a marketing perspective, it reinforces the concept that a company, its management team, and employees must thoroughly familiarize themselves with the needs and wants of its customers. In addition, if that company wants to stay relevant in the market place, it must find a way to provide for those needs and wants without sacrificing the general objectives of the company. During times of hardship, market oriented companies have to sometimes remind themselves of what…

Words 863 - Pages 4

Essay on Social Media Marketing

2013 Social media was always viewed as a form of communicating with others through instant messaging and blogging. It wasn’t until several years ago people started seeing social media as a marketing tool. Social media in marketing is a quick and simple way to share a business’s information such as advertising, and products or services available to consumers. Targeted Advertising is becoming a major role in social media marketing. The large amount of people who use social media is significant for…

Words 2859 - Pages 12

Social Media -Marketing Essay

What is Social Media http://en.wikipedia.org/wiki/Social_media#Impacts_on_history_and_memory Social media refers to the means of interactions among people in which they create, share, and/or exchange information and ideas in virtual communities and networks.[1] Andreas Kaplan and Michael Haenlein define social media as "a group of Internet-based applications that build on the ideological and technological foundations of Web 2.0, and that allow the creation and exchange ofuser-generated content…

Words 2462 - Pages 10

The Importance Of Social Media Marketing

The core of the business in this 21st century era lies in marketing. It can be can be considered as the heart of business .marketing can be called as an art by some but it is purely science. Most aspect of the successful business depends on this science of marketing. Marketing is huge ocean which covers advertising, public relation, promotions and sales.AS marketing is the core of business, so as advertising is the core of marketing, where you get to introduce the product to the customers. The advertising…

Words 1453 - Pages 6

Marketing by Social Media Essay

MARKETING BY SOCIAL MEDIA This report is about marketing that hide in social media; analyze the reasons that choose social media to marketing. Technorati’s 2013 Digital Influence Report proved that consumers are reading blogs and listening to what the blogger has to say about the product before making any purchasing decisions. In fact, research showed that blogs are now the third most influential digital resource – coming in just behind retail and brand sites. Why PR companies…

Words 678 - Pages 3

Essay Social Media and Marketing

need new and innovative ways to reach consumers. In our current technology based society, businesses need to reach out to the consumer through the use of social media. In the year 2012, approximately 56% of people with access to a computer used some sort of social media (statisticbrain.com). With an immense amount of people using social media on a daily basis, companies can contact consumers through ads, commercials and social networks. With the total number of Facebook users at 1.2 billion people,…

Words 1032 - Pages 5

Marketing and Media Channels Essay

Performance Indicators 1 Nathan Wortley Area 1 competition 1. Calculate food costs and determine ways to meet goals Calculating food costs is an essential part of owning a restaurant. There is many ways to calculate pricing such as cost-plus pricing. You set the price of at your production cost and both cost of goods and fixed costs at your volume, plus a certain profit margin. Another way to calculate prices is Target return pricing. You set your price to achieve a target return on investment…

Words 1595 - Pages 7