Tuesday, May 23, 2017

Tuesday, May 23, 2017 A long Journey home....in the next few weeks

Quotable

Pepsi - who knew soda can do so much for your ability to fight monsters?

Canon - develop a tagline for this commercial



                                                        
                                                            
SEMII

The Expert

Determine the market area for your business. Obtain demographic data about the market area by contacting the local chamber of commerce or by visiting such web sites ashttp://www.census.gov/, http://www.bls.gov/bls/demographics.htm, or http://zipskinny.com/.Determine the number of people in the market area who have similar demographic characteristics. Also, determine their consumption/usage levels. That information can be obtained from your business’s trade association, a university, or the United States Department of Agriculture (for food products).
Create a chart depicting the information obtained and present the chart to the class. Obtain your classmates’ input, and if necessary, revise your target market chart

How to sell to a target market

Target Market Selection

5 questions to help you choose your target market

Selecting your Target Market

Conducting a Market Analysis for your business plan

Conducting a market analysis

Market Analysis

SBA Market Analysis

Conduct a Market Analysis

Writing a Business Plan


Obtain market information to prepare a market analysis of a sport/event’s target market(s). The analysis should include a clear explanation of the market segmentation, target-market focus, a market forecast, and a description of each target-market segment (statistics about the number of potential customers, annual growth rate, annual spending, and market value).

Key components of the market analysis should include:
  1. Target segment description
  2. Target segment’s needs (Why do fans/customers need the product/service?)
  3. Distribution channels (Where do fans/customers go to obtain product/service?)
  4. Buying habits (What factors influence the target market to buy?)
  5. Communication channels (How will you communicate with the fans/customers?)


                                                                                                                                                    
MARKETING

Inside DeBeers - concerning distribution, what do you think?


Look up various event press releases from Greensboro….preferably from the Coliseum….not so much from the robbery side

HW - Craft a press release for:
    1/  The senior picnic
    2/ Graduation
    3/  The last day of school

Make sure you include sufficient detail.
Google docs.  Share with me.

WiseGeek - what is public relations?

Know this.com - public relations
15 slides worth
Short quiz to assess your readings on wednesday from this reading
http://www.knowthis.com/public-relations 

Not all PSAs are equal

What do they collect?
    PapaJohns/Pizza Hut/Dominos
    Victoria Secret
    Google

    Gamestop


Why you need a customer Marketing Base

Skip down to Components of MArketing Information system

Begin with “Critical Role of Marketing Research”

Target market profile

1941 - 1944 spending patterns

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