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Mid-Term Report Requirements
Your Mid-Term Report needs to include all elements highlighted below. The paper should be 8-10 pages and must include a cover page and a reference page. You will need to use at least three sources other than your textbook in the report.
1. Mission: This is your cornerstone. Write a short paragraph that defines what compelling advantage or value you offer, including how it solves a problem and makes the customer?s life easier. Be specific. Pinpoint the customer ?pain? that your product or service will relieve. Before you can effectively market yourself ? create ads, websites or online campaigns ? you must decide what type of problem solver you want your business to be.
2. Market research: This is how you identify customers? needs and wants. Build a detailed, trait-by-trait profile of your ideal prospects. Again, be as specific as possible. Later, when you create your marketing messages, aim those messages at those prospects. The research does not need to be complex or costly. Online research, one-on-one interviews with prospects, informal focus groups and email or web-based surveys are all inexpensive and relatively easy to do.
4. Check the competition: Identify your key competitors ? both direct and indirect ? including their strengths and weaknesses, and how your business compares.? Write down your analysis and make it part of your plan.
5. Prepare proper pricing: Analyze your pricing structure and avoid the ?markup mistake.?? That is when a business merely calculates the costs and adds a set markup. Instead, use your market research to establish what customers are willing to pay and build the pricing around that.
6. Build a budget and promotion mix: Don?t think of marketing as a cost, but rather as your ace in the hole. This is what gives you the edge over competitors who don?t do marketing or do it poorly. Also, your employees are better motivated when your business is in the public eye. Look for marketing partners that can offer you multiple ways to split your spend through a single provider, or that offer some type of action guarantee.
7. Match marketing to your target terrain: If yours is a local market, then that?s where your marketing focus should be.? Once you have the basics covered, consider marketing neighborhood by neighborhood, block by block and even customer by customer.
8. Marketing metrics: Build testing and metrics into your plan. Marketing should not be risky or single-focus.? One advantage of advertising online is the ability to track results effortlessly.
9. Prepare a marketing message that resonates: Craft a rallying cry ? a small, repeatable phrase that becomes the slogan for promoting your product, idea or business.? Fine-tune all messages. Edit, revise and hone every word so they are as focused and punchy as possible. Coordinate key phrases in all your marketing materials. For maximum impact, repeat critical messages verbatim whenever you can.
10. Include an action plan: Simplify everything; eliminate potential interruptions in the sales process and make decision-making as painless as possible for your customers. Make sure your employees grasp your objectives and strategy and plan to market continuously. Your effort must be ongoing or people will quickly forget.
Content ? 50
Creativity ? 20
APA Format ? 20
Writing Style - 10
* This Mid-Term Report must to pass 20% on Turn-it-in
**?This is a concept about project
Ga Fair Coffee project
Ga Fair Coffee is a combination of American style and Thai style coffee shop. Nowadays the world consumes over 2.25 billion cups of coffee a day, and it has become one of the world?s most important commodities. Our strength is the production of organic whole because we consider about the quality of life. We select the best of the best ingredients for our coffee. Everything is 100% organic. We are concerned about the quality for the customers and customers? safety. They must be happy with the drink, eat chemical-free with our quality. We give customers the best quality products that are 100% organic. It is another way to stay healthy and to be friendly with environmental sustainability.
Ga Fair means coffee in Thai langue. We named our shop by using The word "Ga-fair because we would like to express it as a representative of Thai, which is very easy to remember and pronounce. ?Fair? there is also another meaning is a public event, usually held outside, where goods are sold and where there is often food and entertainment, a county, state fair is one where farm products from that region are shown to compete for prizes and there is food and entertainment.
In most of our competitors would have three companies are Starbucks Coffee, Dunkin? Donuts and The Coffee Bean and Tea Leaf. The reason I chose these three companies because these companies is the most popular beverage in the world and still open in USA.
This is a number?3.
Ga Fair Coffee
The coffee industry as well as the coffee shop business has flourished over the years thanks to
the special brews on sale. This has contributed to a...
Paper#9209864 | Written in 27-Jul-2016Price : $17.85