Broward Internet Marketing - Broward County Florida - U.S.A
Broward Internet Marketing
Website www.BrowardInternetMarketing.info
Disclaimer :
This Business Plan is neither an offer to sell securities
nor a solicitation of an offer to buy securities.
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Executive Summary
Introduction
It is the mission of Broward Internet Marketing Consultants to provide comprehensive marketing consultation and creation of advertising campaigns for the all industry. It is our long-term goal to become THE preferred expert advertising agency for nonprofit and profit institutions nationwide. Our firm is not interested in simply producing a service for our clients. We believe in creating a long-term relationship with them so that the delivery of their message becomes a seem less, thought-provoking experience that engenders action.
The Company
Broward Internet Marketing & Advertising Consultants : will be a limited liability partnership registered in the state of Florida for tax purposes. Its founder is Mr.Ron Johnson, a former marketing executive with professional internet marketing - search engine results research & social media - experience 15 years
Director of Operations | SEO
Sr. Search Engine Optimization Analyst | SEO
Mr. Johnson has brought together a highly respected group of marketing, development, and graphic art specialists who, combined, have a total of 35 years of experience USA business organizations. The company has a limited number of private investors and does not plan to go public. The company has its main offices in Margate,Tamarac and Fort Lauderdale Florida. The facilities include a design lab, conference rooms and office spaces. The company expects to begin offering its services in January.
The Services
The firm offers a complete, custom advertising campaign that covers all audio-visual and printed media. Examples include radio and television ads, billboards, building advertisements, brochures, direct mailing, business cards, etc. Management has designed a proven and effective seven step process to building a winning campaign.
The company's main clients will be small and start-up companies, institutions and local governments. By focusing on institutions such as these that have special needs, we believe we will be able to better serve our clients and produce a superior service that is more effective that other advertising firms.
The Market
Broward Internet Marketing & Advertising Consultants will be concentrating on three main types of business who operate in the Hi-Tech, Health, and Research Information. This is because these types of organizations have the greatest needs and/or are the best capitalized in the industry.
Profitability and growth in this untapped market is expected to be strong, as evidenced by the fact that over the past 15 years the U.S. has seen an explosion of profits in new fields such as environmental awareness. Furthermore with the greater capitalization of such companies and agencies.We are seeing a widening gap between these organizations needs and what conventional advertising companies can provide.
Financial Considerations
Start-up assets required are $122,300, which includes cash needed to support operations until revenues reach an acceptable level. Start-up expenses are $31,700. Most of the company's liabilities will come from outside private investors and management investment.
The principal to be paid off in one year. A long-term loan will be paid off in 5 years.
The company expects to reach profitability in Year 2 and does not anticipate any serious cash flow problems. We conservatively believe that during the first three years, about three projects per month will guarantee a break-even point.
1.1 Objectives
The three year goals for Broward Internet Marketing are the following:
1.2 Keys to Success
Broward Internet Marketing keys to long-term survivability and profitability are as follows:
1.3 Mission
It is the mission of Broward Internet Marketing Consultants to provide comprehensive marketing consultation and creation of advertising campaigns for the nonprofit industry. Our firm is not interested in simply producing a service for our clients. We believe in creating a long-term relationship with them so that the delivery of their message becomes a seemless, thought-provoking experience that engenders action. Broward Internet Marketing understands that nonprofit groups and institutions have special needs in delivering their information and messages to the public and creating inspiration to act on these messages.
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The company's main clients will be small and start-up companies, institutions and local governments. By focusing on institutions such as these that have special needs, we believe we will be able to better serve our clients and produce a superior service that is more effective that other advertising firms.
2.1 Start-up Summary Start-up assets required are $122,300, which includes cash needed to support operations until revenues reach an acceptable level. Start-up expenses are $31,700. Most of the company's liabilities will come from outside private investors and management investment, however, we my obtained $16,000 in current borrowing from Banks and America Commercial Investments, the principal to be paid off in two years. A long-term loan of $45,000 through Banks national or international will be paid off in ten years.
Broward Internet Marketing, Advertising and Research Consulting - Business Plan for Broward Internet Marketing & Advertising Company Summary Broward Internet Marketing & Advertising Consultants will be a limited liability partnership registered in the State of Florida for tax purposes. Its founder is Mr. Ron Johnson, a marketing executive and CEO -
of Go to market PR Corporation. Mr. Johnson has brought together a highly respected group of marketing, web- development, printing experts, graphic art specialists seo consultants and software devolopers who, combined, have a total of 51 years of business experience with all type of organizations.
The company has a limited number of private investors and does not plan to go public. The company has its main offices in Fort Lauderdale, Florida. The facilities include a design lab, conference rooms and office spaces. The company is offering services since Jan 2012
The company's main clients will be small and start-up companies, institutions and local governments. By focusing on institutions such as these that have special needs, we believe we will be able to better serve our clients and produce a superior service that is more effective that other advertising firms.
< # Start-up Requirements # >
Start-up Expenses Legal $2,000
Insurance $1,000
Utilities $200
Rent $2,000
Accounting and bookkeeping fees $2,000
Expensed equipment $10,000
Advertising $6,500
Other $8,000
Total Start-up Expenses $31,700
Start-up Assets Cash Required $117,300
Other Current Assets $5,000
Long-term Assets $10,000
Total Assets $132,300
Total Requirements $164,000
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Start-up Funding - Example Only
Start-up Expenses to Fund $31,700
Start-up Assets to Fund $132,300
Total Funding Required $164,000 Assets
Non-cash Assets from Start-up $15,000
Cash Requirements from Start-up $117,300
Additional Cash Raised $0
Cash Balance on Starting Date $117,300
Total Assets $132,300
Liabilities and Capital Liabilities
Current Borrowing $0
Long-term Liabilities $45,000
Accounts Payable (Outstanding Bills) $3,000
Other Current Liabilities (interest-free) $0
Total Liabilities $64,000
Capital Planned Investment
Mr. Curtis C. $25,000
Ms. Jennie M. $20,000
Mr. David D. $20,000
Mr. Milo W. $8,000
Others $27,000
Additional Investment Requirement $0
Total Planned Investment $100,000
Loss at Start-up ( Start-up Expenses $31,700 )
Total Capital $68,300
Total Capital and Liabilities $132,300
Total Funding $164,000
2.2 Company Ownership Example Only-
The company will have a number of outside private investors who will own 27% of the company's shares. The rest will be owned by the senior management including ;
Mr.Ron Johnson , (25%), Mr-Ms.Investor (20%), Mr.Kieth McMannus, (20%), and Mr. Milo Winn (8%). All other financing will come from loans.
Services BIM Advertising Consultants offers a complete, custom advertising campaign that covers all audio-visual and printed media. Examples include radio and television ads, billboards, building advertisements, brochures, direct mailing, business cards, etc. Our proven and effective seven step process to building a winning campaign incudes the following:
Market Analysis Summary BIM Advertising Consultants will be concentrating on three main types of industries who operate in the United States, information directories, software development, healthcare products and services . This is because these types of organizations have the greatest needs and/or are the best capitalized in the industry.
Profitability and growth in this little tapped market is expected to be strong, as evidenced by the fact that over the past 15 years the U.S. has seen an explosion of nonprofits in new fields such as environmental awareness. Furthermore with the greater capitalization of such agencies, we are seeing a widening gap between these organizations needs and what conventional advertising companies can provide.
An analysis of the market using the five forces of profitability indicates that there will be a short time where growth of market share and profitability will be extremely high while demand outstrips supply. As new entrants move into the market this opportunity will disappear. This is the time for Broward Internet Marketing to create its reputation and niche in the industry.
4.1 Market Segmentation There are various small business, mid sizes businssss and institutions that concentrate on Sales growth with internet ads.
BIM will be focusing on the following groups of clients:
The market analysis table and graph which follows shows the number of each type of organization in the greater South Florida and the United States. This will be our initial geographical focus for the first three to four years of our company's existance. Later, as we expand to a Worldwide scope, our future business plans will include all our potential clients across the country.
< 4.2 Service Business Analysis The advertising industry for nonprofits is at the moment, an unfulfilled market with demand greater than supply. Many nonprofit organizations have found that only the largest and most expensive advertising agencies will enter into contracts with nonprofits and this leaves a great void which must be filled by in-house advertising.
Broward Internet Marketing believes that the greatest threat at the moment is in new entrants to the market who will also perceive this opportunity. The most likely entrants will be pre-existing advertising agencies wishing to horizontally integrate and enter new sub-markets. However, the one major disadvantage to new entrants is that all firms engaged in contracting to advertising agencies face significant switching costs when bringing on a new advertising partner.
Furthermore, Broward Internet Marketing understands that in this industry there is a significant learning curve that creates declining "unit" costs as a firm gains more cumulative experience in the field itself and with long-term clients specifically.
Rivalry among different advertising agencies as stated before is quite intense. The advertising market as a whole is mature with low growth. Most of the largest agencies are mutually dependent when it comes to jockeying for position and market share. The fact that there are so many diverse and seemingly "generic" or general advertising agencies makes this a cutthroat industry.
The threat of clients backwardly integrating so as to have all their advertising done in-house is one of the major factors that buyers use to indirectly control price in this industry, and increase competition among firms. This must always be foremost in the minds of Broward Internet Marketing management when offering services and setting prices.
4.2.1 Competition and Buying Patterns Competition
Competition includes all potential advertising agencies that are willing to accept nonprofit contracts and nonprofit organizations that handle all their advertising in-house. Practically speaking, this means the largest advertising agencies such as Werner & Voss, Price, Waterhouse, & Cooper, and other large, nationwide agencies that hold significant market share. The advertising agency industry is highly fragmented, with a large number of small companies that mainly cater to small firms and a few large companies that seek the largest contracts from companies such as McDonald's, GM, etc. This makes competition within the industry very intense. Through our niche strategy we intend to avoid such a debilitating environment and avoid its drawbacks such as price wars, etc.
Buying patterns and needs
Companies usually enter into contracts with advertising agencies based on their reputation of professionalism and effective campaigns in the past. This reputation is difficult to obtain by new advertising firms unless its personnel bring it with them from previous firms such as ours. Price and scope are also important reasons for accepting contracts, especially if the company is small.
nonprofit organizations have very different needs that other firms. Companies offering a product or service need to inform the public about the benefits of their product/service and then inspire them to purchase by leading them through an implicit or explicit cost-benefit analysis. On the other hand, nonprofits must appeal to a person's higher sense of community duty in order to obtain contributions. Advertisements must be a thought-provoking experience that engenders action. This is a far more difficult task to achieve than ordinary marketing and usually requires more resources and time than product/service marketing. Many advertising agencies do not desire to accept these types of contracts and leave it to the nonprofit organizations to create their own marketing. This leads to higher costs, more emphasis on obtaining contributions, and less effective management of the organization's goals.
>Strategy and Implementation Summary
Broward Internet Marketing Consultants' business strategy is to enter into a focused or niche market where it can offer a higher standard of quality to its specialized clients. This will allow us to charge a higher profit margin to our clients for these differentiated services. This will also require average project times to be somewhat longer, and therefore we expect initial profitability levels to be lower than average.
5.1 Marketing Strategy
In order to attract clients,Broward Internet Marketing will begin to contact promising organizations and offer free consultations, and an initial contract at reduced prices. These promotions will allow us to begin to make our reputation. In addition, Mr. Johnson and Mr. McManus will be traveling to six conventions across the Eastern part of the country during the first year of operations where we will have booths to advertise our services. Finally we will be setting up cold calls to potential clients and have half and full page advertisements in various publications catering to nonprofit organization's needs.
5.2 Sales Strategy
Broward Internet Marketing management will be focusing on leveraging its extensive contacts in the nonprofit industry to generate contracts. In October of 2002 the Nature Conservancy announced it was accepting bids for a new long-term advertising contract.Broward Internet Marketing founder Mr. Ron Johnson has been aggressively pursuing this contact and based on recent events, it is likely that Broward Internet Marketing will win the bid, to be announced in September 2012. This will generate both much needed revenue, and if successful, will generate the reputation Broward Internet Marketing needs for further contracts. In addition, Mr. Johnson will be pursuing a number of other open-ended contracts through his contacts with youth organizations. At the current time, undisclosed Foundation has entered into negotiations with for its Broward Internet Marketing disadvantaged youth drive. Finally, our company has bid with the Cities and Counties, State in tghe USA to create a nich marketing campaign for its public offices.
5.2.1 Sales Forecast
Management Summary The company will have four officers including our president, Mr. Ron Johnson. Our head of operations will be Mr. Kieth McManus, plus two advertising consultants, and a graphic artist. Mr. Winn will handle all of our audio-visual design work and he will eventually have a staff of graphic artists working under him. Finances and general admin will be handled by Mrs. Marks.
The company plans to hire additional advertising consultants, graphic artists and administrative personnel as we begin to get large numbers of contracts.
6.1 Personnel BIM management brings to the company strong capabilities in creative flair, research, and a unique combination of skills drawn from other businesses.
Mr. Curtis Cole is a former marketing executive with the Land Trust Alliance and has many years of experience working with nonprofits in the environmental field. Previous companies Mr. Cole has worked for include the Sierra Club and the Audubon Society. Mr. Cole has successfully launched numerous advertising and public awareness campaigns with these organizations including efforts to preserve the orca population in the Puget Sound region and to reduce the pollution levels in Denver, CO. Mr. Cole has an MBA in marketing and a BS in international relations.
Mr. David Danielson graduated from Penn State University with a bachelors degree in marketing in 1975. From 1978-1988 Mr. Danielson worked for Ford Motor Company as an advertising executive. In 1989 he went to work for Anderson Consulting in their marketing and advertising division. Four years later, Mr. Danielson went to work as the Boy Scouts of America's chief marketing executive
Sales are based on the various contract projects we anticipate acquiring in the various market segments. Revenues are based on average costs per project based on estimated time and complexity of project plus and undisclosed profit margin. The company does not have any significant direct costs of sales.
Financial Plan Our financial plan anticipates one year of negative profits as we gain sales volume. We have budgeted enough investment to cover these losses and have an additional credit line of $60,000 available if sales do not match predictions.
7.1 Important Assumptions We are assuming approximately 75% sales on credit and average interest rates of 10%. These are considered to be conservative in case our predictions are erroneous.
7.2 Break-even Analysis Our Break-even Analysis is based on the assumptions that our gross margin is 100%. In other words, we will have insignificant direct cost of sales. Since each project will be of different scope, length, and complexity, it is difficult to assign an average per unit revenue figure. However, it is conservatively believed that during the first three years, about three projects per month will guarantee a break-even point. This is because we will be dealing with smaller companies at first that have smaller projects.
7.3 Projected Cash Flow The following is our Cash Flow table and chart. We do not expect to have any short-term cash flow problems even though we will be operating at a loss for the first year. Our short-term loan of $16,000 will be repaid in two equal payments in 2004-2005. Our $45,000 long-term loan will be paid off in ten years.
7.4 Projected Profit and Loss The following table itemizes our revenues and associated costs. We expect to be paying higher costs in marketing and advertising than other companies as we attempt to build sales volume. As the reader can see, we expect monthly profits to begin in Audust 2012 and yearly profits to occur in 2012. The charts following the table give a visual representation.
7.6 Business Ratios We have included industry standard ratios from the advertising consultant industry to compare with ours. As this is a new sub-market of the overall industry, we expect some significant differences especially in sales growth, financing ratios, long-term asset investments and net worth. However, our projections indicate a healthy company that will be able to obtain and retain long-term profitability.
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< More information on Broward Internet Marketing>
<Broward Internet Marketing > Advertising & Business Directory > < Palm Beach Internet Marketing > Miami & Keywest Internet Marketing & Advertising > Orlando & Tampa Internet Marketing >
USA Internet Marketing > Global Internet Marketing >
Broward & Palm Beach Internet Marketing > provides market research and SEO management consulting services that combine critical insights and strong analysis with pragmatic delivery.
Local & Global audience, Broward Internet Marketing advertisements allows you to reach the customers to build your business from Local to all over the world.
We specialize in working with business owners and senior management on strategic Internet marketing, advertising , sales, planning initiatives, Social Marketing. E-business, Data Research, Development and focus on business intelligence.
Our business model also utilizes many other company trade secrets for Imaginative Advertising campaigns.
As you learn about our approach, we hope you get a sense of what makes us different and valued as a trusted marketing advisor by a growing number of leading businesses. Here at Broward Internet Marketing we are like Family, so we put our customer’s first not financial gain. We think it’s very important to know or customers needs and goals.
BIM advertising & marketing Strategies!
Our Main Focus is to Increase your company Sales goals & Profit margins!
We can work with you on any project, including:
Internet-Marketing-Advertising and SEO Management-
Research & Development-Lead Generation -
Online Customer Service -
local and national Search Engine submission -
Guaranteed upper-income Traffic Promotions-
Opt-In- Email- Direct Mail - custom Meta Tags Opt
seo-sem-ppc-expert-Business-to-Business Marketing tools -
The best Business-to-Consumer Marketing
And most important Internet-SALES-results-Worldwide!
We represent a staff of highly trained and motivated personnel with backgrounds in all area's Businesses!
We are, - E-Business Consultants- Strategic Thinkers- Creative Developers- Technical Implementers- Human- Brutally Honest - SEO-Educators- Innovators!
Broward Internet Marketing uses Hi-Standards and Guidelines to help consumers receive the best possible products and services! Here is BIM will help you Save Time, Money, and $Create New $Revenue Streams $in your existing business or with a new start up business!
Search Engines-Google-Bing-Yahoo and Dogpile, FFA sites directories portals plus many more.
Yellow pages, Local & National news Papers · Magazines · Banner Ads · Bulletin Boards Message Boards · Classifieds · Emails · Direct Mail Telemarketing · Canvassing · Brochures · Flyers · Signs Local National and International · Radio · Television REFERRALS and Inventive Marketing Strategies!
Promote Your Business to New Internet Business pro Prospects
We have a team of marketing expert professionals who have the knowledge about this process! In our 12 years of Internet Marketing experience we have learned exactly how this process works.
By using our own in-house Internet Marketing proprietary method. What this means is increased traffic, business and sales for your company!
With SEO-Ad Plus, your web site information and keywords are submitted to ALL the best Internet directories and top search engines in ways that will make a difference to your bottom line! With our advanced service, you have the benefit of our years of Internet marketing experience!
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Website www.BrowardInternetMarketing.info
Disclaimer :
This Business Plan is neither an offer to sell securities
nor a solicitation of an offer to buy securities.
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Executive Summary
Introduction
It is the mission of Broward Internet Marketing Consultants to provide comprehensive marketing consultation and creation of advertising campaigns for the all industry. It is our long-term goal to become THE preferred expert advertising agency for nonprofit and profit institutions nationwide. Our firm is not interested in simply producing a service for our clients. We believe in creating a long-term relationship with them so that the delivery of their message becomes a seem less, thought-provoking experience that engenders action.
The Company
Broward Internet Marketing & Advertising Consultants : will be a limited liability partnership registered in the state of Florida for tax purposes. Its founder is Mr.Ron Johnson, a former marketing executive with professional internet marketing - search engine results research & social media - experience 15 years
Director of Operations | SEO
Sr. Search Engine Optimization Analyst | SEO
Mr. Johnson has brought together a highly respected group of marketing, development, and graphic art specialists who, combined, have a total of 35 years of experience USA business organizations. The company has a limited number of private investors and does not plan to go public. The company has its main offices in Margate,Tamarac and Fort Lauderdale Florida. The facilities include a design lab, conference rooms and office spaces. The company expects to begin offering its services in January.
The Services
The firm offers a complete, custom advertising campaign that covers all audio-visual and printed media. Examples include radio and television ads, billboards, building advertisements, brochures, direct mailing, business cards, etc. Management has designed a proven and effective seven step process to building a winning campaign.
The company's main clients will be small and start-up companies, institutions and local governments. By focusing on institutions such as these that have special needs, we believe we will be able to better serve our clients and produce a superior service that is more effective that other advertising firms.
The Market
Broward Internet Marketing & Advertising Consultants will be concentrating on three main types of business who operate in the Hi-Tech, Health, and Research Information. This is because these types of organizations have the greatest needs and/or are the best capitalized in the industry.
Profitability and growth in this untapped market is expected to be strong, as evidenced by the fact that over the past 15 years the U.S. has seen an explosion of profits in new fields such as environmental awareness. Furthermore with the greater capitalization of such companies and agencies.We are seeing a widening gap between these organizations needs and what conventional advertising companies can provide.
Financial Considerations
Start-up assets required are $122,300, which includes cash needed to support operations until revenues reach an acceptable level. Start-up expenses are $31,700. Most of the company's liabilities will come from outside private investors and management investment.
The principal to be paid off in one year. A long-term loan will be paid off in 5 years.
The company expects to reach profitability in Year 2 and does not anticipate any serious cash flow problems. We conservatively believe that during the first three years, about three projects per month will guarantee a break-even point.
1.1 Objectives
The three year goals for Broward Internet Marketing are the following:
- Achieve break-even by Year 2.
- Establish a long-term contracts.
- Establish a minimum of 95% customer satisfaction rate to establish long-term relationships with our clients and create word-of-mouth marketing.
1.2 Keys to Success
Broward Internet Marketing keys to long-term survivability and profitability are as follows:
- Differentiate our services to all industries, so that our clients realize that we are able to better serve their needs than a more generic competitor.
- Keeping close contact with clients and establishing a well functioning long-term relationship with them to generate repeat business and a top notch reputation.
- Establish a comprehensive service experience for our clients that includes consultation, analysis of nonprofit's goals and target markets. Creation of streamlined and custom advertising campaigns based on needs, total design work of all audio-visual advertising tools, implementation, and follow-up analysis.
1.3 Mission
It is the mission of Broward Internet Marketing Consultants to provide comprehensive marketing consultation and creation of advertising campaigns for the nonprofit industry. Our firm is not interested in simply producing a service for our clients. We believe in creating a long-term relationship with them so that the delivery of their message becomes a seemless, thought-provoking experience that engenders action. Broward Internet Marketing understands that nonprofit groups and institutions have special needs in delivering their information and messages to the public and creating inspiration to act on these messages.
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The company's main clients will be small and start-up companies, institutions and local governments. By focusing on institutions such as these that have special needs, we believe we will be able to better serve our clients and produce a superior service that is more effective that other advertising firms.
2.1 Start-up Summary Start-up assets required are $122,300, which includes cash needed to support operations until revenues reach an acceptable level. Start-up expenses are $31,700. Most of the company's liabilities will come from outside private investors and management investment, however, we my obtained $16,000 in current borrowing from Banks and America Commercial Investments, the principal to be paid off in two years. A long-term loan of $45,000 through Banks national or international will be paid off in ten years.
Broward Internet Marketing, Advertising and Research Consulting - Business Plan for Broward Internet Marketing & Advertising Company Summary Broward Internet Marketing & Advertising Consultants will be a limited liability partnership registered in the State of Florida for tax purposes. Its founder is Mr. Ron Johnson, a marketing executive and CEO -
of Go to market PR Corporation. Mr. Johnson has brought together a highly respected group of marketing, web- development, printing experts, graphic art specialists seo consultants and software devolopers who, combined, have a total of 51 years of business experience with all type of organizations.
The company has a limited number of private investors and does not plan to go public. The company has its main offices in Fort Lauderdale, Florida. The facilities include a design lab, conference rooms and office spaces. The company is offering services since Jan 2012
The company's main clients will be small and start-up companies, institutions and local governments. By focusing on institutions such as these that have special needs, we believe we will be able to better serve our clients and produce a superior service that is more effective that other advertising firms.
< # Start-up Requirements # >
Start-up Expenses Legal $2,000
Insurance $1,000
Utilities $200
Rent $2,000
Accounting and bookkeeping fees $2,000
Expensed equipment $10,000
Advertising $6,500
Other $8,000
Total Start-up Expenses $31,700
Start-up Assets Cash Required $117,300
Other Current Assets $5,000
Long-term Assets $10,000
Total Assets $132,300
Total Requirements $164,000
<-----------------------------------------------------------------------------------------------------------------
Start-up Funding - Example Only
Start-up Expenses to Fund $31,700
Start-up Assets to Fund $132,300
Total Funding Required $164,000 Assets
Non-cash Assets from Start-up $15,000
Cash Requirements from Start-up $117,300
Additional Cash Raised $0
Cash Balance on Starting Date $117,300
Total Assets $132,300
Liabilities and Capital Liabilities
Current Borrowing $0
Long-term Liabilities $45,000
Accounts Payable (Outstanding Bills) $3,000
Other Current Liabilities (interest-free) $0
Total Liabilities $64,000
Capital Planned Investment
Mr. Curtis C. $25,000
Ms. Jennie M. $20,000
Mr. David D. $20,000
Mr. Milo W. $8,000
Others $27,000
Additional Investment Requirement $0
Total Planned Investment $100,000
Loss at Start-up ( Start-up Expenses $31,700 )
Total Capital $68,300
Total Capital and Liabilities $132,300
Total Funding $164,000
2.2 Company Ownership Example Only-
The company will have a number of outside private investors who will own 27% of the company's shares. The rest will be owned by the senior management including ;
Mr.Ron Johnson , (25%), Mr-Ms.Investor (20%), Mr.Kieth McMannus, (20%), and Mr. Milo Winn (8%). All other financing will come from loans.
Services BIM Advertising Consultants offers a complete, custom advertising campaign that covers all audio-visual and printed media. Examples include radio and television ads, billboards, building advertisements, brochures, direct mailing, business cards, etc. Our proven and effective seven step process to building a winning campaign incudes the following:
- Initial consultation.
- Analysis of nonprofit's goals and target market demographics.
- Planning.
- Creation of streamlined and custom advertising campaigns based on needs.
- Total design work of all audio-visual/printed advertising tools.
- Implementation (usually through subcontractors).
- Follow-up analysis.
- Each project is customized to our client and its scope, length, depth, reach, and cost are unique.
Market Analysis Summary BIM Advertising Consultants will be concentrating on three main types of industries who operate in the United States, information directories, software development, healthcare products and services . This is because these types of organizations have the greatest needs and/or are the best capitalized in the industry.
Profitability and growth in this little tapped market is expected to be strong, as evidenced by the fact that over the past 15 years the U.S. has seen an explosion of nonprofits in new fields such as environmental awareness. Furthermore with the greater capitalization of such agencies, we are seeing a widening gap between these organizations needs and what conventional advertising companies can provide.
An analysis of the market using the five forces of profitability indicates that there will be a short time where growth of market share and profitability will be extremely high while demand outstrips supply. As new entrants move into the market this opportunity will disappear. This is the time for Broward Internet Marketing to create its reputation and niche in the industry.
4.1 Market Segmentation There are various small business, mid sizes businssss and institutions that concentrate on Sales growth with internet ads.
BIM will be focusing on the following groups of clients:
- Internet , nonprofit, Large institutions.
- Youth development, Healthcare nonprofit institutions.
- Cultural Arts, Entertainment institutions.
- Other.
The market analysis table and graph which follows shows the number of each type of organization in the greater South Florida and the United States. This will be our initial geographical focus for the first three to four years of our company's existance. Later, as we expand to a Worldwide scope, our future business plans will include all our potential clients across the country.
< 4.2 Service Business Analysis The advertising industry for nonprofits is at the moment, an unfulfilled market with demand greater than supply. Many nonprofit organizations have found that only the largest and most expensive advertising agencies will enter into contracts with nonprofits and this leaves a great void which must be filled by in-house advertising.
Broward Internet Marketing believes that the greatest threat at the moment is in new entrants to the market who will also perceive this opportunity. The most likely entrants will be pre-existing advertising agencies wishing to horizontally integrate and enter new sub-markets. However, the one major disadvantage to new entrants is that all firms engaged in contracting to advertising agencies face significant switching costs when bringing on a new advertising partner.
Furthermore, Broward Internet Marketing understands that in this industry there is a significant learning curve that creates declining "unit" costs as a firm gains more cumulative experience in the field itself and with long-term clients specifically.
Rivalry among different advertising agencies as stated before is quite intense. The advertising market as a whole is mature with low growth. Most of the largest agencies are mutually dependent when it comes to jockeying for position and market share. The fact that there are so many diverse and seemingly "generic" or general advertising agencies makes this a cutthroat industry.
The threat of clients backwardly integrating so as to have all their advertising done in-house is one of the major factors that buyers use to indirectly control price in this industry, and increase competition among firms. This must always be foremost in the minds of Broward Internet Marketing management when offering services and setting prices.
4.2.1 Competition and Buying Patterns Competition
Competition includes all potential advertising agencies that are willing to accept nonprofit contracts and nonprofit organizations that handle all their advertising in-house. Practically speaking, this means the largest advertising agencies such as Werner & Voss, Price, Waterhouse, & Cooper, and other large, nationwide agencies that hold significant market share. The advertising agency industry is highly fragmented, with a large number of small companies that mainly cater to small firms and a few large companies that seek the largest contracts from companies such as McDonald's, GM, etc. This makes competition within the industry very intense. Through our niche strategy we intend to avoid such a debilitating environment and avoid its drawbacks such as price wars, etc.
Buying patterns and needs
Companies usually enter into contracts with advertising agencies based on their reputation of professionalism and effective campaigns in the past. This reputation is difficult to obtain by new advertising firms unless its personnel bring it with them from previous firms such as ours. Price and scope are also important reasons for accepting contracts, especially if the company is small.
nonprofit organizations have very different needs that other firms. Companies offering a product or service need to inform the public about the benefits of their product/service and then inspire them to purchase by leading them through an implicit or explicit cost-benefit analysis. On the other hand, nonprofits must appeal to a person's higher sense of community duty in order to obtain contributions. Advertisements must be a thought-provoking experience that engenders action. This is a far more difficult task to achieve than ordinary marketing and usually requires more resources and time than product/service marketing. Many advertising agencies do not desire to accept these types of contracts and leave it to the nonprofit organizations to create their own marketing. This leads to higher costs, more emphasis on obtaining contributions, and less effective management of the organization's goals.
>Strategy and Implementation Summary
Broward Internet Marketing Consultants' business strategy is to enter into a focused or niche market where it can offer a higher standard of quality to its specialized clients. This will allow us to charge a higher profit margin to our clients for these differentiated services. This will also require average project times to be somewhat longer, and therefore we expect initial profitability levels to be lower than average.
5.1 Marketing Strategy
In order to attract clients,Broward Internet Marketing will begin to contact promising organizations and offer free consultations, and an initial contract at reduced prices. These promotions will allow us to begin to make our reputation. In addition, Mr. Johnson and Mr. McManus will be traveling to six conventions across the Eastern part of the country during the first year of operations where we will have booths to advertise our services. Finally we will be setting up cold calls to potential clients and have half and full page advertisements in various publications catering to nonprofit organization's needs.
5.2 Sales Strategy
Broward Internet Marketing management will be focusing on leveraging its extensive contacts in the nonprofit industry to generate contracts. In October of 2002 the Nature Conservancy announced it was accepting bids for a new long-term advertising contract.Broward Internet Marketing founder Mr. Ron Johnson has been aggressively pursuing this contact and based on recent events, it is likely that Broward Internet Marketing will win the bid, to be announced in September 2012. This will generate both much needed revenue, and if successful, will generate the reputation Broward Internet Marketing needs for further contracts. In addition, Mr. Johnson will be pursuing a number of other open-ended contracts through his contacts with youth organizations. At the current time, undisclosed Foundation has entered into negotiations with for its Broward Internet Marketing disadvantaged youth drive. Finally, our company has bid with the Cities and Counties, State in tghe USA to create a nich marketing campaign for its public offices.
5.2.1 Sales Forecast
Management Summary The company will have four officers including our president, Mr. Ron Johnson. Our head of operations will be Mr. Kieth McManus, plus two advertising consultants, and a graphic artist. Mr. Winn will handle all of our audio-visual design work and he will eventually have a staff of graphic artists working under him. Finances and general admin will be handled by Mrs. Marks.
The company plans to hire additional advertising consultants, graphic artists and administrative personnel as we begin to get large numbers of contracts.
6.1 Personnel BIM management brings to the company strong capabilities in creative flair, research, and a unique combination of skills drawn from other businesses.
Mr. Curtis Cole is a former marketing executive with the Land Trust Alliance and has many years of experience working with nonprofits in the environmental field. Previous companies Mr. Cole has worked for include the Sierra Club and the Audubon Society. Mr. Cole has successfully launched numerous advertising and public awareness campaigns with these organizations including efforts to preserve the orca population in the Puget Sound region and to reduce the pollution levels in Denver, CO. Mr. Cole has an MBA in marketing and a BS in international relations.
Mr. David Danielson graduated from Penn State University with a bachelors degree in marketing in 1975. From 1978-1988 Mr. Danielson worked for Ford Motor Company as an advertising executive. In 1989 he went to work for Anderson Consulting in their marketing and advertising division. Four years later, Mr. Danielson went to work as the Boy Scouts of America's chief marketing executive
Sales are based on the various contract projects we anticipate acquiring in the various market segments. Revenues are based on average costs per project based on estimated time and complexity of project plus and undisclosed profit margin. The company does not have any significant direct costs of sales.
Financial Plan Our financial plan anticipates one year of negative profits as we gain sales volume. We have budgeted enough investment to cover these losses and have an additional credit line of $60,000 available if sales do not match predictions.
7.1 Important Assumptions We are assuming approximately 75% sales on credit and average interest rates of 10%. These are considered to be conservative in case our predictions are erroneous.
7.2 Break-even Analysis Our Break-even Analysis is based on the assumptions that our gross margin is 100%. In other words, we will have insignificant direct cost of sales. Since each project will be of different scope, length, and complexity, it is difficult to assign an average per unit revenue figure. However, it is conservatively believed that during the first three years, about three projects per month will guarantee a break-even point. This is because we will be dealing with smaller companies at first that have smaller projects.
7.3 Projected Cash Flow The following is our Cash Flow table and chart. We do not expect to have any short-term cash flow problems even though we will be operating at a loss for the first year. Our short-term loan of $16,000 will be repaid in two equal payments in 2004-2005. Our $45,000 long-term loan will be paid off in ten years.
7.4 Projected Profit and Loss The following table itemizes our revenues and associated costs. We expect to be paying higher costs in marketing and advertising than other companies as we attempt to build sales volume. As the reader can see, we expect monthly profits to begin in Audust 2012 and yearly profits to occur in 2012. The charts following the table give a visual representation.
7.6 Business Ratios We have included industry standard ratios from the advertising consultant industry to compare with ours. As this is a new sub-market of the overall industry, we expect some significant differences especially in sales growth, financing ratios, long-term asset investments and net worth. However, our projections indicate a healthy company that will be able to obtain and retain long-term profitability.
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Broward & Palm Beach Internet Marketing > provides market research and SEO management consulting services that combine critical insights and strong analysis with pragmatic delivery.
Local & Global audience, Broward Internet Marketing advertisements allows you to reach the customers to build your business from Local to all over the world.
We specialize in working with business owners and senior management on strategic Internet marketing, advertising , sales, planning initiatives, Social Marketing. E-business, Data Research, Development and focus on business intelligence.
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As you learn about our approach, we hope you get a sense of what makes us different and valued as a trusted marketing advisor by a growing number of leading businesses. Here at Broward Internet Marketing we are like Family, so we put our customer’s first not financial gain. We think it’s very important to know or customers needs and goals.
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