Entrepreneurial Marketing, assignment help

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Review and complete the Week 3 You Decide. You will get to showcase your knowledge and understanding of guerilla marketing, when you assist a newly created local restaurant and club in creating a buzz and increasing sales. You will submit a three- to four-page marketing strategy proposal for the owner of the start-up. Please read the instructions in the attachment and follow thoroughly!!!

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Scenario Summary In this scenario, you are a marketing consultant to a small business owner, Sammy Winder. Mr. Winder has worked his whole life in the restaurant business, and 6 months ago he was tired of working for someone else and decided to open a new restaurant/bar/jazz club. Lately, Mr. Winder's Blue Note Café is not doing well. The initial buzz of opening his jazz club has subsided and his restaurant is often only half full on Friday and Saturday evenings; if this continues, he may be forced to close his restaurant. He needs your help! As with most young businesses, Sammy has limited capital to invest in a marketing plan, so he has asked you, his good friend, to create a marketing plan that will drive traffic to his restaurant on a limited budget. Your Assignment You have been a marketing professional for several years. Sammy Winder is a good friend and needs your help and expertise. You have been hired by Mr. Winder to develop a low-cost marketing strategy to increase sales and save his newly opened restaurant. Key Player Be sure to listen to Mr. Winder as he describes his problems; listen for clues on ways you can differentiate his business and create excitement for the potential customers. Most importantly, be creative! Guerrilla marketing campaigns are most successful when the marketers think outside the box with ideas to create awareness and loyalty. Have fun! Mr Winder: Hey buddy, great to see you again! Thanks for dropping by the club. You still enjoy jazz music don't you? This place has the best local musicians in town. Many of these guys learned their trade at our local university! Anyway, I know you are a big shot at that marketing firm downtown and I really need your help. My business is failing. It makes no sense, since I have a great restaurant, reasonable prices, and amazing entertainment, but for some reason, I can't seem to attract business. We opened 3 months ago, and for the first few weekends, we had to turn people away. Everything was awesome, then, the crowds disappeared. I know that we have a great place, but where was everyone? We did some surveys to solicit feedback to determine if we have any problems. The results pointed out that we have no real issues. As a matter of fact, the results confused me further, the people overwhelming loved our club. We found that they loved the atmosphere; the food was great; and most of all, the customers all stated we were the only place in town that you could dance to jazz music, while enjoying a great meal. It was a" romantic paradise" one person said. One couple even got engaged on our dance floor! So what happened? I just don't know? It is frustrating; we have a great place so I really could use your expertise in generating a buzz about our place. How can we get more customers to know about our brand? I know if we can get more awareness of our club, this restaurant will take off. Of course, I have very little money so we can only spend about $1,000 a month on marketing. Could you put together some strategies for us to follow in the next 3 months to increase sales? I also need a detailed budget to show to my investors. I really appreciate your help! Enough business for now, you look hungry, let me call the waiter over here and get you the house special, you will love it. Activity According to the American Marketing Association, marketing is "an organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stake holders." As such, you must use your knowledge of marketing to create a plan, with a budget of just $1,000 per month, to increase customers for Mr. Winder's restaurant. As you will find in our textbook, you will need to utilize a grassroots campaign to drive more customers to the Blue Note Café. When new companies form, they are cash strapped. As an entrepreneur, you must be creative with your resources to make your capital stretch. You will need to learn about guerilla marketing tools and techniques—which act as nontraditional, grassroots, and captivating marketing ideas—that gain consumers' attention and build awareness of the company for little money. Your proposal should be three to four pages in length with a detailed list of your strategies, as well as a detailed budget for a 3-month marketing campaign. In your budget, be sure to do research and outline the various costs of your plan. Reread your textbook and do some secondary research on guerilla marketing. In your research, find out what other companies are doing to create a buzz with a limited budget. Be sure to think about all the inexpensive ways to market to people in a local community in order to increase awareness and promote the Blue Note Café brand. Criteria/Creativity Understanding Execution Demonstrate a strong grasp of the problem at hand. Demonstrate understanding of how the course concepts apply to the problem. Be sure to include the basic concepts and criteria required by the owner. Show creativity with the assignment and outline interesting ways to create the proposal. Develop a detailed outline of your criteria. Be sure that it spells out what is required in the plan to drive customers to the restaurant. A simple list of the criteria will not work; you must describe in detail all aspects of the plan to show mastery of the subject. Write your answer clearly and succinctly using strong organization and proper grammar. Use citations correctly.
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Explanation & Answer

Attached.

Entrepreneurial Marketing - Outline
Thesis Statement: Guerrilla Marketing Is An Advertising Strategy Which Is Highly Innovative,
Low-Cost Marketing And Unique Technique Which Aims At Earning Maximum Exposure Of
The Product On A Limited Budget.
I.

List Of Techniques Used In Guerilla Marketing
A. Use Of Public Graffiti And Urban Arts
B. Use Of Unique Storefront Displays
C. Use Of Stickers
D. Performance Based Guerilla Marketing
E. Web Campaigns
F. Loud Advertisement Campaign
G. Use Of Reward Incentive Campaign Strategy


Running head: ENTREPRENEURIAL MARKETING

Entrepreneurial Marketing
Name
Institution

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ENTREPRENEURIAL MARKETING

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Entrepreneurial Marketing
Guerrilla Marketing
Guerrilla marketing is an advertising strategy which is highly innovative, low-cost
marketing and unique technique which aims at earning maximum exposure of the product on
a limited budget. This technique is much popular for small businesses because it is highly
effective is successfully executed and cost effective. Mr Winder blue note café business is a
good example of small businesses that can benefit from this marketing technique. The
business is still young in operation and trying to establish a good customer base. Though
small, the business has proved to be a potential and promising restaurant considering the turn
up for the first few months of its operation. The findings of the survey from Mr Winder did
not reveal any form of a complaint from the customer. In fact, the new business is already
able to differentiate itself with jazz music. All Mr Winder needs is to know how to retain this
traffic of customers to help exploit the business potential and experience repetitive sales for
its products.
As a consultant to my friend winder, I would propose some guerrilla techniques that
would be covered by the available budget of $1,000 per month for Mr Winder's business. In a
bid to attract some more customers, the restaurant business will undertake various strategies
within the three months. The techniques will be high attention grabbing, with an appropriate
mix of delight, unique twist, and delight. The first strategy will involve a public graffiti and
urban art. A talented local artist can do this at a lower price of $200. The graffiti and the
urban art will be attractive enough to be likable by all ages. It will bear a restaurant
phenomenon and will be colored using the restaurants color. The urban art will capture the
best drinks which many people take while relaxing. A sense of the Jazz music will be
featured in the same arts. This will hopefully catch the attention of many youths who like
dancing the jazz music while taking their favorite drinks. Reverse graffiti will also be used.

ENTREPRENEURIAL MARKETING

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The artist will be sup...


Anonymous
I was having a hard time with this subject, and this was a great help.

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