313 records shane burke | john lodge | jesus salazer | adam granke | jason mathew
TRANSCRIPT
313 Records313 Records
Shane Burke | John Lodge | Jesus Salazer | Adam Granke | Jason Mathew
313 RecordsIntroduction
Brief history of the musicDetroit Threads - “brick and mortar store”
– foundation
Overview of presentation– business plan (Shane Burke)
– Marketing plan (Jesus Salazar)
– site demonstration (Jason Mathew,Adam Granke)
313 RecordsCompany Description
Worldwide access to place orders for Detroit style electronic music
retailer of Detroit-based techno and apparel partnership with Detroit Threads located in
Hamtramck, Michigan We will offer electronic music from Detroit-area
labels such as Axis, Transmat, NovaMute and D Records
will also offer Detroit-style apparel from clothing producers such as Made In Detroit, Ghetto Rags and Welfare
313 Records
Retail Entertainment Goods market sector – Because our products are primarily electronic music
vinyl recordings
Market Sector
313 RecordsMission Statement and Goals
committed to providing Detroit style electronic music records and apparel to customers around the globe
stay current on the Detroit electronic music scene in order to provide the most desired new records
maintain a large selection of releases from the Detroit electronic music scene
313 RecordsMission Statement and Goals
provide clothing that truly exemplifies the spirit of Detroit especially the electronic music scene
Provide place to chat with other techno fans Provide information on techno artists and upcoming
records sample music tracks
313 RecordsBusiness Model
storefront model complete with shopping-cart technology
allows shoppers to browse our online catalog, make selections of records, and purchase those records securely
313 RecordsCompetitors
Record time.com– Not directly since we target a more specific market
niche.
313 RecordsMeeting Market Needs
High worldwide demand for Detroit style electronic music
313 is recognized internationally by electronic music fans as representing Detroit, MI
Techno music fans can purchase this music from anywhere in the world
313 RecordsCompetitive Advantage
Our partner, Detroit threads, has strong relationship with producers.
Competition wouldn’t have access to limited quantity records
313 RecordsFinancial Analysis
Budget Allocation4%
24%
12%
12%8%
8%
32%
Web Hosting (Outsourced) Website development- Kiosk at Detroit Threads - Magazine Ads- Newspaper Ads - Flyers used in Direct Marketing- Web Advertising
313 RecordsWhy banners?
To attract potential customers by making eye contact and ignite curiosity about 313 records so they will seek further information.
To inform customers that we sell vinyl music and clothes.
To increase our click through ratio.
http://w3.sba.oakland.edu/sharmaf01/313records/BannerAds.html
313 RecordsElements to be included
Animation, vivid colors, keywords and eye catching graphics.
Use of keywords such as our company name to establish brand recognition, “vinyl” and “clothing” to describe our products, and “Detroit Techno” to establish our point of differentiation.
Use of industry proven words “Click Me” on our banner because it is a proven means of increasing the click through ratio.
313 RecordsBanner Placement
Electronic music oriented message boards Detroit-focused mailing listsElectronic music websites like technotourist.org,
ilovetechno.net, motordetroit.com, or frequencydetroit.com
Club websites.
313 RecordsTechniques to be used to
measure effectivenessCPM (Cost Per Thousand)Pay per performance fees:
– Pay-per-click
– Pay-per-lead
– Pay-per-sale
313 RecordsInitial Company Placement
Detroit Metro TimesMicrosoft bCentral:
– MSN Windows’s media
– Link Exchange
313 RecordsMarketing Strategy
To get name recognition nationally and internationally (achieved by well-placed advertisements and promotions at key electronic music events and in key electronic music publications).
Create partnerships (affiliate marketing)Build repeat business by offering quality, friendly
customer service which will in turn attract business through word-of-mouth advertising.
313 RecordsPromotions
Establish a kiosk in the Detroit Threads store.Informational flyers about our company with a
coupon code (discount on initial web purchase).Placement of ads of our web site along with a
coupon code in widely-read electronic music magazines domestically and abroad.
Web banner advertisement on the web sites of our affiliates.
Detroit Electronic Music Festival.