Entrepreneurship 311 Professor Matt Bieber
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Transcript of Entrepreneurship 311 Professor Matt Bieber
Entrepreneurship 311Professor Matt Bieber
What We Do
Small Business Marketing & Advertising
Social Media ManagementPrint Advertising & Collateral Design
Promotions & Event Planning
Who We Are
Joe Gianndrea
Will Reich
From Sicklerville, NJ.Member of Lehigh
Track & FieldMarketing Major,
Entrepreneurship Minor
Internship History in Marketing and Customer Relations
From Worcester, MA.Former Lehigh Football
PlayerPolitical Science Major
with Minors in Business & Entrepreneurship
Internship History with Advertising, Marketing and Sales
Problem Leads to Opportunity
Cost of large agencyLarge agencies tend to be bureaucratic and impersonal
Lack of flexible and innovative solutions
The Solution
Provide small businesses a service that will always be:•Cost-efficient• Flexible• Innovative• Personable•Understanding
Where We Started
What We Did
What We learned
Starting your own business is not easyNot all business owners are easy to work
withTrial and error is a good way to test ideasSuccess may not come right awayThere are lessons in every business
transactionWe need to market ourselves more
professionally
What’s Next
Take what we have learned an apply it to new customers
Develop a better marketing plan for ourselves
Look into web development as a new avenue
Find a person versed in web designRedevelop contract timelines
Pricing:Social Media
Site Creation (2 sites)………………..$250Site Management……………………$200/monthDigital Coupons…………………….$15/designEmail List Generation……………….$10/ printing
EventsEvent Design…………………….….$100Day of Management…………………$10/hrPromotional Items…………………..Paid by owner
Pricing (Cont.)Print
Flyer design………………….$15Coupon design……………....$10Menu Design (1page)………...$20Menu Design (tri-fold)…….....$25Plain Paper copies…………...$.50/copy
Poster Design………………..$35
Market SizeBethlehem, PA has approximately 8,691
small businessesIf we focus on social media creation and
management as our main form of revenue at $200-$250/ month then:There is $1,738,200 to $2,172,750 of potential business available in the area
We hope to capture .5% of this business per year Approximately 43 businesses
Current and Anticipated FinancialsCurrent Costs: OUR TIME Current Revenue: General Zapata $250.00 Future Costs
LLC Trademark Logo PaperInk Website Development
Anticipated Revenues (Based on obtaining 5 customers for social media only) Month 1@ $250.00
$1,250.00 fixed 3 Month contract @ $200.00 per month (excluding month 1)
$2,000.00 Total $3,250.00 in next three months