Entrepreneurship Knowledge

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Entrepreneurship Knowledge

Rita Bonucchi

.

This work is licensed under the Creative Commons Attribution-NonCommercial-

NoDerivs License. To view a copy of this license, visit http://creativecommons.org/licenses/by-nc-nd/3.0/

THE STARTING SITUATION OF AN ENTREPRENEUR WHO IS

PREPARING TO WRITE DOWN A MARKETING PLAN

WHO? WHO SHALL I OFFER

TO? WHO IS MY CUSTOMER?

WHAT

CUSTOMERS

DO MY

WANT?

WHICH NEEDS HAVE

THEY GOT?

HOW MUCH DO THEY PAY?

(THEY ARE WILLING TO PAY,

THEY ARE USED TO PAY FOR

FULFILMENT OF NEEDS)

WHERE DO THEY BUY?

WHERE ARE THEY USED

TO REFER TO?

HOW DO THEY GET

INFORMATION?

WHAT

AFFECTS

DECISIONS?

THEIR

Template for marketing plan

SEGMENTATION

WHAT I OFFER: MY

PRODUCT POLICY

IN EXCHANGE FOR WHAT:MY

PRICE POLICY

THROUGH

CHANNELS:

WHICH

DISTRIBUTION POLICY

MY

THROUGH

PROMOTION:

WHICH

PROMOTIONAL POLICY

MY

Product or Service

• Describe your product or service in sufficient detail for the audience to understand its function and differentiating characteristics.

• Pinpoint the value to your customer.

• Present current stage of development and your plans to exploit the product fully in the market.

• Describe the Life Cycle of your product, i.e., is it new, mature, a commodity? Proprietary?

Protected by patent or copyright?

4

Addressable Markets

• Demonstrate the demand for your product: how many units can you sell at what price.

• Support how you determined the above projections, e.g., market survey, current buying habits.

• Define your markets – who will buy?

e.g., individuals, businesses, government, overseas? Where are customers located?

5

Addressable Markets continue…

• Describe how you will reach these customers, e.g., direct mail, ads, sales force, trade magazines; describe how long it will take from initial contact to completing a sale to getting revenue (sales cycle).

• Present the methods you will use to deliver your product, i.e., distribution.

• Describe how your customer will pay for the products. Will you finance?

6

Topics of this session

• Visibility on the web

• Keywords

• Make or buy?

• Pay-per-click tools

• AdWord

• AdSense

• Google AdManager

• How to read the web results and statistics

• Exercise: define keywords

7

How Visitors Find You

Direct

Navigation

64%

Search

Engines

36%

8

Publicize your site address

Include URL in other communications:

• Business cards

• E-mail signatures

• Publicity materials

• Letterhead

• Printed documents

• Radio and TV ads

• Local newspaper web site

9

Make search engines work for you

• List your site with search engines and directories

95% of traffic comes from Google and Yahoo!

– bCentral.com

– WebTraffic.com

10

Go find your customers

– eBay

– News groups

– Chat rooms

11

Explore other Web marketing tools

• Pay for search engine placement

– Overture.com

• Pay for ad clicks (PayPerClick)

– Google’s AdWords

• Lead generation and capture tools

– W5.com

• Track your traffic rank

– Alexa.com

• Improve your link popularity

12

Track your results

– Web hosting company statistics

– Commercial web analytic tools

• WebSideStory

• bCentral’s Site Traffic Analysis

13

Web marketing tools

• Web writing

• From paper to web

• Professional writing for a corporate blog

• Corporate Blogs

• Internet PR and corporate reputation

• Advertising on line

• The role of web marketing in a low budget marketing strategy nonconventional marketing tools (on line and off line) cross marketing

• The interrelation between the web site and other promotional materials

14

Millennial trends include:

• The need to collaborate and to share socially

• The need to express and be creative

• They expect direct access in their communications….they

sometimes seem to have more audacity in the way they want to access superiors than those from a more modern perspective

• They are driven with information and content more so than an older demographic (and can instinctively understand when they are being “sold”

• They demand flexibility and want to be worked with on their terms.

15

16

Blogs

• Blogs first emerged in 1997

• A blog created every second

• Comment modes enable interaction

• The “Blogosphere” is an incredible network with massive worldwide reach

17

Blogs – Create your own!

• Blogger.com – owned by Google

• Most popular software – FREE!

• Here’s how to get started:

– http://blogger.com

– Choose title

– Choose design

– Create

– Configure

– Share

18

Ray’s Blogs

• Techo-News – begun in 2000

– Developed as a tool to share current research with students in graduate seminar

• Selected current readings for required critiques

• Ed Tech – begun at request of state board of ed

• Online Learning Update

– Turned into something more

– Reach and Impact

• Reflections – not just text

19

iPods and Podcasting

• iPods

– First iPod released Oct 23, 2001 – latest (?) generation is the fifth generation

– http://www.ipodreview.co.uk/#1

– http://www.md3d.com/ (6 th generation mock-up by md3d)

• Podcasting = i POD + broad CASTING (using blogs)

• iTunes version 4.9 and more recent aggregates the podcasts (using RSS) and auto-transfers them to iPod

• http://audioblogger.com

415-856-0205

20

RSS

• “Really Simple Syndication” RSS 2.0

• Xml format – concisely describes a site

• Enables a variety of tools to access and manipulate the feed

• iTunes, Sharp Reader, Yahoo, Firefox … all offer

RSS aggregation

• Have already seen dynamic web sites

• The thread that links many Web 2.0 apps

21

The web: current role in the

European marketing strategy

• The web is becoming the hub for marketing strategy

• Web marketing is often the only affordable marketing for SME

22

Internet impact on the marketing mix

• Internet increases globalization

• Internet increases flexibility

• Internet can decrease the need of investments

• Internet gives access to SME

23

Internet as a distribution tool

• Definition of e-commerce: from the window to payments

• How to decide to sell on Internet

• Marketplaces and malls on Internet

24

Internet as a communication tool

• To be or not be on Internet?

• How to choose among some popular type of presence on Internet

25

Below the web

• Web means not only web sites, portals and vortals

26

Low budget web marketing tools

• E-mail marketing

• Advertising on Internet

• Search engines as a marketing tool

27

Steps to encourage visitors

• Be clear on your objectives

• Design your site

• Get the word out!

• Track your results to identify areas for improvement

28

Be clear on your objectives

– Define your site’s purpose

– Understand your role

– Know your customers

29

Define your site’s purpose

OR

Internet

Site

Intranet

Site

• Public or private?

• Sales, promotion, entertainment, information, or organizational transparency

30

Understand your role

Major site developer

OR

Content Contributor

31

Know your customers

• Who do you want to attract?

• Why do you want them there?

• Are they from within your company or outside your company?

• Are they local or global?

• Do they already know about you or are you a new player?

32

Design your site

• Find a great domain name

• Design your site with traffic in mind

• Deliver valuable and usable content

33

Find a great domain name

• Company name

• Product descriptor

• Easy to remember

• Easy to spell when heard

• Have multiple names that point to your site

34

Design your site with traffic in mind

• Optimize or pack your site with keyword phrases and meta-tags

• Add a Site Map

• Develop unique and descriptive page titles, including keywords

• Don’t use frames

• Add useful Web parts

35

Deliver valuable content

• Keep information up-to-date

• E-mail links to documents on your site rather than the documents themselves. Post:

– Agendas and Minutes

– Reports and Presentations

– Charts and data

• Post documents in various formats

– Onscreen and download

• Adobe Acrobat

• PowerPoint

36

Get the word out!

• Publicize your site address

• Make search engines work for you

• Go find your customers

• Explore other Web marketing tools

37

Web 2.0

• Tim O’Reilly 09/30/05 www.oreillynet.com

38

Web 2.0: the story

• Mid 90s: big portals and e-commerce (Yahoo, Amazon, eBay, Google…)

• End of 90s: crisis of new economy

• 2000-2004: the dark

• 2005 to now:

– eBay buys Skype

– Time: the person of the year is “YOU”

• …………………………………

39

Web 2.0

What is the next BIG (or little) thing?

Web 2.0 certainly is the context of what is coming!

• It is NOT static – not the web page of the ’90s

• It is a platform that is:

– Dynamic

– Interactive

– Engaging

– Syndicated

40

Web 2.0

• Web 1.0: “commerce”

• Web 2.0: “people”

• It’s about collaboration

41

Web 2.0

• The web as a platform

• Collective intelligence

• Data is the Next Intel Inside

• End of the Software release Cycle

• Lightweight Programming Models

• Software Above the Level of a Single Device

• Rich User Experiences

• The user is in control

42

Web 2.0

• Social Networking

• Blogs

• Digg, delicious

• Flickr

• You Tube/ Daily Motion

• Wikipedia

• Rss

• BaseCamp

43

When Do We Move to the Next

Generation?

• Driving forces

1. Innovators and early adopters

2. Financial Considerations (Open Source)

3. Competition (new rules9

• Mitigating factors

1. Knowledge

2. Licensing commitments

3. Transition woes (the reluctant, hosting, support, training)

44

Forecast

• This second half of the first decade

– Access, access, access – broadband via seamless mix

– Mobility – via merged devices

– Computers shrink into enhanced cell phones

– Open source rules – 3 rd party support rises

45

Enterprise 2.0?

• Is Web 2.0 useful for the enterprises?

• The Long Tail

46

Entrepreneurship knowledge

Rita Bonucchi

.

This work is licensed under the Creative Commons Attribution-NonCommercial-

NoDerivs License. To view a copy of this license, visit http://creativecommons.org/licenses/by-nc-nd/3.0/

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