WishList The Ultimate Place to Shop for Electronics Justin Stearns, Richard Covington, Kate Etuk, Killis Marshall, Kevin Seybold.

Slides:

Advertisements

Similar presentations

History Richard Schulze and business partner open the Sound of Music store in St. Paul, Minnesota – New Name: Best Buy Co., Inc. (Appliances.

Advertisements

Global Entrepreneurship and Small Business Management

By: Leigh Blackmon, Justin Napier, Sara Ratliff, and Brian Roundtree

Marketing Report for Ethan Allen Furniture March 2002 brought to you by.

1 Understand the role of marketing in business.. 2 Understand buying behaviors.

Best Buy Co. Inc. (BBY) $47.46 Wednesday, April 11, 2007.

Chapter 13 Retailing and Wholesaling. What is Retailing? Includes all the activities Involved in Selling Goods or Services Directly to Final Consumers.

Financial Statement Analysis I: Chapter 3 ©NACM. General Chapter Notes A. Contents of Chapter 3 B. Relevance of Analysis of the Income Statement for Trade.

Income Statement Net Sales - COGS = Gross Profit - Operating Expenses = Operating Income - Interest expenses & taxes = Net Income.

Copyright © 2006 Pearson Education, Inc. Slide 10-1 E-commerce Kenneth C. Laudon Carol Guercio Traver business. technology. society. Third Edition.

Lesson 7.6: Markup and Discount

The marketing mix Or the 4 Ps of marketing.

The 7 Functions of Marketing!

Employ product-mix strategies to meet customer expectations

Entrepreneurship 110. Good business names are catchy and easy to remember. Often they describe what the business does.

Making Consumer Decisions Buying Goods and Services.

Apple STUDENT MANAGED INVESTMENT FUND Katherine Gonzalez Zachary Schwager Carlos Valcarcel Special Thanks to: John Neumann.

  Provides information on what a company does, its financial performance, as well as its plans for the future  Companies with more than $10 Million.

3.02 Understand buying behaviors.

IToilet Ally Atkeson, Daisy Joseph, Irina Leonchik & Stefani Azar.

The State of the Industry - Australia Australia’s domestic consumer electronics devices market, defined as including computing devices, mobile handsets,

Components of the Distribution Channel Wholesalers Retailers

Lesson 3-3 Getting More for Your Money Learning goals: -Describe strategies used by businesses to sell goods and services, both in meeting and in creating.

Earnings Are Growing Faster Than Sales Education Segment Cincinnati Model Investment Club.

© 2012 Cengage Learning. All Rights Reserved. SLIDE MARKETING (part 2) Price and Distribute Products Goal 1Discuss how the selling price of a product.

 Financial snapshot of what company owns and owes at any point in time  Start-ups usually project for opening day and at the end of the first year 

Understand the role of marketing in business.

4.04 EMPLOY PRODUCT-MIX STRATEGIES TO MEET CUSTOMER EXPECTATIONS.

Circuit City Stores, Inc. Jonathan Murphy ACG2021 SECTION 004.

© The McGraw-Hill Companies, Inc., 2003 McGraw-Hill/Irwin Slide 6-1 MERCHANDISING ACTIVITIES Chapter 6.

BEST BUY Youtube.com. History History Sales Strategy Sales Strategy Competitors Competitors Company Analysis Company Analysis Recommendations Recommendations.

How to Write a Business Plan Peace Corps WID/GAD Committee.

Ethan Allen Interiors (ETH) RECOMMENDATION: HOLD.

Markup and Discount NS 1.4 Calculate given percentages of quantities and solve problems involving discounts at sales, interest earned, and tips. Objective:-Students.

1 CHAPTER 6 THE INCOME STATEMENT: ITS CONTENT AND USE.

Daniel Bernards Austin Hutcheson Nicole Stefanek.

© The McGraw-Hill Companies, Inc., 2002 McGraw-Hill/Irwin ACCOUNTING FOR MERCHANDISING ACTIVITIES Chapter 6.

Creating Projections Income Statement History Guidance Reality Check Interpolation.

Irwin/McGraw-Hill 1 Accounting for Merchandising Activities.

PriceCheck.com Need for compare prices No other website offers the same service.

3 rd Quarter 2004 Results Presentation A member of the Li & Fung (Retailing) Group 28 October 2004.

2 nd Quarter 2004 Results Presentation A member of the Li & Fung (Retailing) Group 4 August 2004.

How Much is Enough? International Symposium on Online Journalism April 8, 2005.

Inventory Levels for US Retail Channels S easonal Trends January 1993 to March 2007.

Group: Tammy Cheung, Shelly Khindri, Parm Marway, Hari Stirbet KRISPY KREME DOUGHNUTS FORECASTING.

Testing the Concept. Objectives Define and conduct a feasibility analysis Define and conduct a feasibility analysis Create a competition grid Create a.

1 © Arvind Rangaswamy (2009), All Rights Reserved January 21, 2009 e-Marketing Some Observations Regarding Online Grocery Retailing Arvind Rangaswamy.

Discount Retailers Presented by: Kent Hart Greg Godwin Tim Munyon.

SB-Lesson 12.1: Markup and Discount Terminology Selling Price - The price retailers charge customers Cost - The price retailers pay to a manufacturer.

Sports, Entertainment, and Recreational Marketing.

3.02 Explain the concept of competition.. Competition The rivalry between two or more businesses to gain as much of the total market sales or customer.

Essential Standard 3.00 Understand the role of marketing in business. 1.

Essential Standard 3.00 Understand the role of marketing in business. 1.

Or the 4 Ps of marketing.  The marketing mix or 4 Ps of marketing: ◦ Price ◦ Product ◦ Promotion ◦ Place  Decisions about these are based on the results.

Seagate Technology PLC Kyle Gesuelli. Which securities fit with the portfolio’s strategy and make sense in the current market? STX comprises largest loss.

Chapter 21 Channels of Distribution1 Distribution Planning Marketing Essentials April 10, 2015.

Financial Management. Purpose of Financial Reports Financial Reports – Summarize financial data over a given period of time (shows if the company made.

Entertainment Pricing. P P P P The Marketing Mix—The Four Ps 2 involve the goods, services, or ideas used to satisfy consumer needs. Product Decisions.

Lesson 8.3B: Markup and Discount Change each percent into a decimal  5.5%  10.24%  29% .1%  1%  50%  5%    0.29   0.01.

Understand the role of marketing in business.

Understand the role of marketing in business.

THE PROBLEM. THE PROBLEM VOCAP IS THE SOLUTION FEATURES VIDEO PLAYLIST HIGHLIGHTING VOCABULARY WORD BANK VOCAP IS THE SOLUTION FEATURES.

Lesson 7.6: Markup and Discount

Testing Your Concept Mr Kuhn.

2018 Will Be a Record Year “Twice”

Understand the role of marketing in business.

Global Entrepreneurship and Small Business Management

Understand the role of marketing in business.

Office Supplies, Stationery and Card Stores 2018 Profiler

© 2011 South-Western | Cengage Learning Global Entrepreneurship and Small Business Management Entrepreneurial Enterprises The Business Plan.

Presentation transcript:

WishList The Ultimate Place to Shop for Electronics Justin Stearns, Richard Covington, Kate Etuk, Killis Marshall, Kevin Seybold

What Is Our Business? WishList is an electronic retailer located in Blacksburg, Virginia. We carry low end and high end quality home entertainment equipment. We want to provide you with the best possible services that are imaginable. Even if you want to have your home wired for your own custom entertainment system. We provide in store counseling for the products that you which to purchase or have purchased, and we also will teach you how to make sure you take care of your entertainment system.

Ownership Installers Store Manager/Owners Full-Time Sales People Part-Time Sales People

Who Is Our Market? Our market consists of the consumers who are enthusiasts about home entertainment equipment. Research done by Dr. Norman Herr, from California State University Northridge, shows that 99% of American homes have a television. Also, that the average American owns at least two televisions. –Further research was conducted by Dr. Herr, and found out that 66% of Americans own three or more televisions.

How Do We Reach Our Market? We will spend money on advertising on the radio, television, and newspaper. –We will spend the most money on the television advertisements. –The times that we want to air our commercials is during the most heavily watched viewing times for the area. We will have an Opening Day event that will attract our market

How Do We Make Profit? We sell our products for a 40% mark up of what we get them from our suppliers…… –For Example: The cost to get the Sony WEGA 60" 1080p Rear-Projection SXRD HDTV… Model: KDS60A202 would be….. »$1300 per an item »We sell it for $1820 per item Also, we perform installation services –e.g. Install your new speaker system or pre-wire your new home to be designed for your dream entertainment system. We plan on making $652, in revenue our first year in business. –explained in financial section.

Who Is Our Competition? Our competition will consist or Wal-Mart, Scotty’s Audio and Video, K-Mart, and Target. –There is a Circuit City and Best Buy located in Roanoke. »Best Buy is coming to Christiansburg in coming years. We will also experience competition with online retailers as well. –Top 10 U.S. Retailers of Consumer Electronics Best Buy Wal-Mart (excludes Sam's Club) Circuit City Dell Computer Corp. Target Stores RadioShack Staples CompUSA Sam's Club Office Depo

Competition Demand and Trends Location % Virginia$38,960.20$48,048.60$68, % Montgomery Co. % of Commonwealth $ % $ % $ % 86.00% Blacksburg As a % of County $ % $ % $ % 17.9% Christiansburg As a % of County $ % $ % $ % 123.2% Retail Sales Trends (in $ millions) Source: IS Census Bureau and RKG Associates Inc.

Industry Growth (World Wide)

Financial Analysis Forecasted Earnings for WishList Year 1%Year 2%Year 3%Total Sales$ 5,297, $ 5,649,383100$ 5,950, $ 16,897,350 CGS 4,231, ,156, ,255, ,643,344 Gross Margin 1,066, ,492, ,694, ,254,006 Expenses + Dep 514, , , ,386,379 EBIT 551, ,056, ,258, ,867,627 Interest Exp. 25, , , ,149 EBT 906, ,033, ,235, ,794,478 Taxes (28%) 253, , , ,294,650 Net Income$ 652, $ 737, , $ 2,279,471

Come Check Us Out 1425 South Main Street, Blacksburg, VA Store Hours Monday-Saturday 9am-9pm Grand Opening: January 3, 2008