S ECURE L IEN Marketing and Program Development Team Jose Fernandez Cory Shirley Prof. Seungwon Jeon MKT 3300 04-01-2013.

Slides:



Advertisements
Similar presentations
Acquire foundational knowledge of marketing-information management to understand its nature and scope Marketing Indicator 1.05.
Advertisements

Chapter 28 Promotion and Place Name 12 SAM.
Key Concepts The Basics of Marketing The Functions of Marketing The Marketing Mix.
M. Wispandono - FE Unijoyo 2010/11 What is a market?  A market is a group of potential customers with the authority and the ability to purchase a particular.
Marketing 1.05 MIM.
THE MARKETING MIX Product Place Price Promotion
Pricing: Understanding and Capturing Customer Value
Extensive Innovative World-Wide #1 Experience. Mission Statement 4advertising is a marketing and advertising agency that develops innovative solutions.
1 MBE Marketing Module 6. 2 Week Prepare for Kick-off Meeting Assign teams Team forming Review and execute consulting contract Interview.
Irwin/McGraw-Hill Copyright © 2001 by The McGraw-Hill Companies, Inc. All rights reserved. 1-1.
Chapter 8 The Marketing Plan
Copyright © 2005 Pearson Education Inc. Personal Selling and Direct Marketing Chapter 17 PowerPoint slides Express version Instructor name Course name.
MARKETING FUNCTIONAL MANAGEMENT  Marketing management involves distribution of the products to the buyers.
The Marketing Plan 4/19/2017.
Marketing Indicator 1.02 – Employ marketing information to develop a marketing plan.
SWOT A NALYSIS : S TARTING A B USINESS November 8, 2013 BUS 115: W2 Prof. Nelson Kristen Wood [2,5,6,8,11,12] Colleen McCarthy [1,3,4,7,9,10,13]
Marketing Plan MK150: Marketing, Terrianne Tacheny.
© 2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
Product Development. Products Fall into 2 Categories: ► Business Goods: goods purchased by organizations for use in their operation.  Ex: Foot Locker.
Marketing issues in the Czech Republic Richard Selby Czech University of Life Sciences, Prague.
Read to Learn Define marketing. Identify the functions of marketing. List the elements of the marketing mix.
The Business Plan Putting It All Together. Tip The Business Plan 1 The Outline Executive Summary Organization Review Internal Systems, Processes & Procedures.
Chart Your Course to Business Success On Target Business Intensive: Session 4 April 17, 2012 Advisors On Target 1.
Direct and Online Marketing: The New Marketing Model
Bell Ringer  List some reasons why you think that some new businesses have almost immediate success while others fail miserably. The main idea: Successful.
Marketing Career Overview Goizueta Business School BBA Career Management Center Online Workshops.
Chapter 4- slide 1 Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall MKT 202, TMT Managing Marketing Information to Gain Customer Insights.
Marketing 1.05 MIM Three types of information used in marketing decision making Customer Marketing mix Business Environment.
Marketing Indicator 1.04 – Employ marketing information to develop a marketing plan.
Business and Financial Planning. Strategic Project Plan Business Description – the purpose of the business, the product or service provided, an industry.
Marketing in Today’s World
Marketing Basics Chapter 10-1.
Promotion – 1 Integrated Marketing Communications Professor Carl Mela BA 460 Product Management Fuqua School of Business Brand Management System On Building.
Acquire foundational knowledge of marketing-information management to understand its nature and scope Marketing Marketing Indicator 1.05 Indicator 1.05.
Product Planning.  Product Planning  Decisions about the features and services of the product  Ideas that will help sell the product  Packaging /
Daily Motivational Video Your tattoo was $ How much should you tip? How much should you tip the artist?
Market Segmentation, Business Cycles, and Simulation.
Journal Entry “Consumers accept only ____out of every 10 new products introduced into the marketplace. Why do you think this is?”
Performance Indicator 1.05 Acquire foundational knowledge of marketing-information management to understand its nature and scope.
Irwin/McGraw-Hill Copyright © 2001 by The McGraw-Hill Companies, Inc. All rights reserved. 1-1.
Financial Management Back to Table of Contents. Financial Management 2 Chapter 21 Financial Management Analyzing Your Finances Managing Your Finances.
Training and Development Team What is Marketing? Debra Kurtz Kurtz Consulting Inc.
Gift Basket Business. Gift Basket Gift Basket is a premier gift for the people. Gift Basket contains various types of items such as Chocolates, ornaments,
Armour Consulting Group Erica S. Abney Mark Armour Carrie Beasley Jennifer Gillespie Jennifer Rowe.
© 2010 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
 What is marketing? Task: In pairs, mind map what you think marketing involves. Starter Marketing ????
Read to Learn Define marketing. Identify the functions of marketing. List the elements of the marketing mix.
Developing a Marketing Plan
Financial Management Glencoe Entrepreneurship: Building a Business Analyzing Your Finances Managing Your Finances 21.1 Section 21.2 Section 21.
Marketing’s Strategic Role in the Organization. The process of determining an organization’s primary objectives, allocating funds, and then initiating.
Keurig Katy Winge Mackenzie Wagner Samantha Heath.
THE WORLD OF MARKETING.  Learn how to conduct a SWOT analysis.  List the three key areas of an internal company analysis.  Identify the factors in.
Marketing issues in the Czech Republic Richard Selby Czech University of Life Sciences, Prague.
The Marketing Concept Chapter 4.1.
Acquire foundational knowledge of marketing-information management to understand its nature and scope Marketing Indicator 1.05.
Marketing 1 Indicator 1.04 – Employ marketing information to develop a marketing plan.
Personal Selling and Direct Marketing
Click here to advance to the next slide.
THE MARKETING MIX Product Place Price Promotion
Customer Centric Organizations
Personal Selling and Direct Marketing

Personal Selling and Direct Marketing
THE MARKETING MIX Product Place Price Promotion
CHAPTER-9 PROMOTION MIX ADVERTISING, SALES PROMOTION , PUBLIC RELATIONS,PERSONAL SELLING & DIRECT MARKETING.
Marketing Information
CHAPTER-9 PROMOTION MIX ADVERTISING, SALES PROMOTION , PUBLIC RELATIONS,PERSONAL SELLING & DIRECT MARKETING.
CLASS BUSINESS PROPOSAL
CHPTER 6 The Marketing Plan
Unit 3 Review Questions.
Presentation transcript:

S ECURE L IEN Marketing and Program Development Team Jose Fernandez Cory Shirley Prof. Seungwon Jeon MKT

S ECURE L IEN C OMPANY I NFORMATION A new Company. Providing a new service. Nation wide access. User-friendly Website.

T HE P RODUCT Nationwide database of a motor vehicle’s financial history. Service of providing up-to-date and secure protection on automotive liens. Accessible to individual non-business customers primarily through an easy to use interactive website. Will Function Much like Car fax.

T HE P ROBLEM Why is an automotive lien is placed on a vehicle? Who is responsible for paying that lien? Why is this a problem and where do inconsistencies lie in the industry? What is the need for our service in the industry?

E XECUTIVE S UMMARY Service. Need. Database. Short term Goals. Long Term Goals. Our mission statement. Means of Operations. Marketing Concerns.

SWOT A NALYSIS S TRENGTHS Technology Driven. Unique Price Structure. High Demand by Finance Companies.

SWOT A NALYSIS W EAKNESSES Server Space. ROI is Approximately 3 to 4 years. Sales Stage Largest Cost. Market Positioning.

SWOT A NALYSIS O PPORTUNITIES Advance into Major Automotive Financial Institutions. Sell Data to Government (DMV). General Public.

SWOT A NALYSIS T HREATS Public Demand has to be Created. Dealing with Governmental Agencies. Possible Long Term Take Off Period.

C OMPETITORS AND I NDUSTRY A NALYSIS Secure Lien, LLC is creating a new service industry with the protection of liens. The closest comparable service industry would be that of vehicle history reports. Provide by companies such as Car fax. Our main threat is the Department of Motor Vehicles or other government agencies. Our biggest competitor, Car fax.

C ONSUMER A NALYSIS Demographic includes: 1. Dealerships. 2. Individual consumers. 3. Financial institutions. 4. Eventually government agencies. Geographically 1. Wide spread, nation wide. Behavioral concerns: 1. Will people will feel like this service is necessary? 2. Is it too expensive? 3. Is the information Creditable? 4. Do I really need this? Psychographics: Consumers’ personality, motives and lifestyle. Demand issues 1. Marketing position and national access. 2. We project a steady growth of demand. 3. Become a standard adopted by governmental agencies and demand will become constant. Buying decision Process 1. Consumers choice. 2. Consumers hesitation. 3. Brand development and normalization. Decision criteria Includes: 1.Cost analysis. 2.Weighing of incentive. 3.Benefit analysis. 4.Expectations. 5.Capability. 6.Credibility. 7.Easy to access.

C AMPAIGN O BJECTIVES Importance of our market brand and position. Providing awareness. First focusing on: 1. Dealerships and financial institutions first. 2. Individuals financing an automotive lien. 3. Government Agencies. 4. Global endeavors. Trial period for dealerships and financial institutions. Domestic maturity stage. Global Market Penetration. A breakdown of events that must take place in order for this campaign to be diffused and adopted are as follows: 1. Obtain the required records. 2. Establishing a Microsoft.net framework in which to deploy information and conduct business. 3. Promote our service via social media, commercial and interactive advertising. 4. Set up account with Financial institutions to where the information is provided with little upkeep and maintenance on our end. 5. Become a regulated standard. 6. Become enforceable by a governmental agency. 7. Collect royalties.

M AJOR T ARGET A UDIENCES Financial institutions, dealerships. People Financing Automotive liens. Government agencies. Foreign Markets.

P LACE We will primary operate through a user-friendly website. We will be headquartered in Dallas, Texas. Staffing for our headquarters. Future endeavors regarding Place.

P RICE Discounts for major automotive financial institution. $1.00 for each lien we add to our database. Financial institutions will establish their own rates for providing our service. Personal online access will be similar to that of Car fax Inc. $9.99 per account, per lien. $49.99 preferred customer package.

P ROMOTION Organic Growth of Brand. Promotion: 1. Social media. 2. Commercial. 3. Sales Representatives. Secure Lien logos. Ad space on our website.

P ROJECTED B UDGET AND R ECOMMEND I MPLANTATION S CHEDULE Year 1and 2: Obtain all required records and set up necessary Microsoft.net Frameworks. $90, ,000. Establish an office and set up operations. $4,000 per month; 2 year lease $96,000 fixed cost. Hire and train staff. Approximately $550, ,000. Promotional service. Approximately $500, ,000. Year 3 and on: Offer trail service periods to higher end dealerships and financial institutions. Maximum of 25,000 for up to 15 trail period early adopter organizations. Set up trail periods for organizations with varying levels of access. Maximum of 20,000 for up to 25 trail period late adopter organization. Unexpected and unforeseen expenses. $250,000 fixed cost. Overall startup cost approximately. $1,805,000. Under our $2,000,000 budgeting goal. Payback period. approximately 3 years.

P ROJECT B UDGET

C ONCLUSION Toyota Motor Credit Corporation had a provision for credit losses of $98 million on their k report. Lost or hidden liens is an issue that can be solved. Secure Lien LLC, will provide a service that will secure automotive liens nationwide. Our service can and will put an end to these substantial losses.