The document provides guidance on creating a business model canvas and cash flow projections. It discusses key components of a business model including customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partnerships, and cost structure. It emphasizes the importance of understanding the customer and evaluating potential markets. Examples of forecasting sales for new businesses are also provided based on location, competition, leads, and online sales.
Efficient customer segmentation in Google Analytics (Blueffect 2013 Warsaw, Poland) - examples and best practices of accurate data analysis and advanced segmentation principles in order to improve revenues of your business.
- What makes you wrongly evaluate marketing campaigns: do you know, what is the real conversion rate of your website?
- How to prioritize content sections of an e-commerce website.
- What customer segments and cohorts are useful.
Customer segmentation is the process of dividing customers into groups based on common characteristics so companies can market to each group effectively and appropriately.
Segmentation allows marketers to better tailor their marketing efforts to various audience subsets. Those efforts can relate to both communications and product development. Specifically, segmentation helps a company:
Create and communicate targeted marketing messages that will resonate with specific groups of customers, but not with others (who will receive messages tailored to their needs and interests, instead).
Select the best communication channel for the segment, which might be email, social media posts, radio advertising, or another approach, depending on the segment.
Identify ways to improve products or new product or service opportunities.
Establish better customer relationships.
Test pricing options.
Focus on the most profitable customers.
Improve customer service.
Upsell and cross-sell other products and services.
Efficient customer segmentation in Google Analytics (Blueffect 2013 Warsaw, Poland) - examples and best practices of accurate data analysis and advanced segmentation principles in order to improve revenues of your business.
- What makes you wrongly evaluate marketing campaigns: do you know, what is the real conversion rate of your website?
- How to prioritize content sections of an e-commerce website.
- What customer segments and cohorts are useful.
Customer segmentation is the process of dividing customers into groups based on common characteristics so companies can market to each group effectively and appropriately.
Segmentation allows marketers to better tailor their marketing efforts to various audience subsets. Those efforts can relate to both communications and product development. Specifically, segmentation helps a company:
Create and communicate targeted marketing messages that will resonate with specific groups of customers, but not with others (who will receive messages tailored to their needs and interests, instead).
Select the best communication channel for the segment, which might be email, social media posts, radio advertising, or another approach, depending on the segment.
Identify ways to improve products or new product or service opportunities.
Establish better customer relationships.
Test pricing options.
Focus on the most profitable customers.
Improve customer service.
Upsell and cross-sell other products and services.
Digital segmentation - An Introduction to Customer SegmentationJames Wedge
This paper is an introduction to customer segmentation.
It goes through the basics of segmentation, explaining
what it is, why you should use segmentation in your digital
marketing and in the wider context of multi-channel
marketing. It will describe the types of segmentation you can
use with your data and some of the practical applications of
segmenting your audiences.
Customer Segmentation In eCommerce (11 Used Cases)Pawan Kumar
Segmentation helps you to categorize your subscribers/customers in the small groups with same interests and preferences. It gives you an idea of sending relevant content. But how to do it?
Here are some practical cases of customer segmentation in eCommerce. Let’s dive right in:
Customer Segmentation for Retention StrategyMelody Ucros
IE Business School
Marketing Intelligence Project by Group F:
Melody Ucros
Jina Kim
Andrea Blasioli
Adedeji Rodemade
Fergus Buckey
Alex Kyalo
Louis Rampignon
Data Source: http://archive.ics.uci.edu/ml/datasets/online+retail
Customers 101 : Understanding Customer Segmentation and Portraits Danny Boice
Check out this class that I taught recently at 1776 in DC on Customer Acquisition. The focus was on customer segmentation and portraits / personas. I also covered some common concepts from The Lean Startup, Steve Blank's Customer Development, and BJ Fogg's Behavior Model. This is a great deck for someone learning to growth hack or otherwise learn the basics of web and mobile product user acquisition
Chadwick Martin Bailey’s Brant Cruz and Jeff McKenna presented best practices of market segmentation based on their years of experience working with clients like eBay, Electronic Arts, Plantronics, and Microsoft.
Winning Complex Sales With an Intentional StrategyRichardson
As the buying journey has become more complex, dynamic, and iterative, sales professionals often find themselves in a daily state of crisis — reacting to customer changes and competitor moves.
This presentation explores why sales professionals must not only engage in customer-centric activities that add real value, but they must also navigate and anticipate the constant changes taking place for their buyers and help lead them through the buying process.
This presentation will cover the following:
1. Understanding how and why the buying process has changed and the imperative this change has created for sales professional's to think and act differently to compete today
2. Recognizing and influencing the critical factors buyers consider today in every buying decision
3. Utilizing Richardson's Momentum Methodology to assess position, create the right intentional and proactive strategy to differentiate, and execute with precision to drive the sale to close
The Sales & Marketing Loop explores how to make use of big data to drive revenue growth through: (1) Aligning sales and marketing teams, (2) Hyper-personalisation and automation of marketing, (3) Monitoring leads and (4) Converting leads. Sponsored by Forfront, CANDDi and Miller Heiman.
Digital segmentation - An Introduction to Customer SegmentationJames Wedge
This paper is an introduction to customer segmentation.
It goes through the basics of segmentation, explaining
what it is, why you should use segmentation in your digital
marketing and in the wider context of multi-channel
marketing. It will describe the types of segmentation you can
use with your data and some of the practical applications of
segmenting your audiences.
Customer Segmentation In eCommerce (11 Used Cases)Pawan Kumar
Segmentation helps you to categorize your subscribers/customers in the small groups with same interests and preferences. It gives you an idea of sending relevant content. But how to do it?
Here are some practical cases of customer segmentation in eCommerce. Let’s dive right in:
Customer Segmentation for Retention StrategyMelody Ucros
IE Business School
Marketing Intelligence Project by Group F:
Melody Ucros
Jina Kim
Andrea Blasioli
Adedeji Rodemade
Fergus Buckey
Alex Kyalo
Louis Rampignon
Data Source: http://archive.ics.uci.edu/ml/datasets/online+retail
Customers 101 : Understanding Customer Segmentation and Portraits Danny Boice
Check out this class that I taught recently at 1776 in DC on Customer Acquisition. The focus was on customer segmentation and portraits / personas. I also covered some common concepts from The Lean Startup, Steve Blank's Customer Development, and BJ Fogg's Behavior Model. This is a great deck for someone learning to growth hack or otherwise learn the basics of web and mobile product user acquisition
Chadwick Martin Bailey’s Brant Cruz and Jeff McKenna presented best practices of market segmentation based on their years of experience working with clients like eBay, Electronic Arts, Plantronics, and Microsoft.
Winning Complex Sales With an Intentional StrategyRichardson
As the buying journey has become more complex, dynamic, and iterative, sales professionals often find themselves in a daily state of crisis — reacting to customer changes and competitor moves.
This presentation explores why sales professionals must not only engage in customer-centric activities that add real value, but they must also navigate and anticipate the constant changes taking place for their buyers and help lead them through the buying process.
This presentation will cover the following:
1. Understanding how and why the buying process has changed and the imperative this change has created for sales professional's to think and act differently to compete today
2. Recognizing and influencing the critical factors buyers consider today in every buying decision
3. Utilizing Richardson's Momentum Methodology to assess position, create the right intentional and proactive strategy to differentiate, and execute with precision to drive the sale to close
The Sales & Marketing Loop explores how to make use of big data to drive revenue growth through: (1) Aligning sales and marketing teams, (2) Hyper-personalisation and automation of marketing, (3) Monitoring leads and (4) Converting leads. Sponsored by Forfront, CANDDi and Miller Heiman.
We stappen af van de traditionele kaasplank met bordeaux. We gaan op zoek naar de perfect match tussen verschillende kaassoorten en de daarbij passende wijnen.
Tips and tools you need to help define or redefine the needs of your customers. I share the importance of market research and how to conduct a market analysis. I also discuss how you can apply what you’ve learned to strengthen your marketing plan.
I gave this presentation on February 16, 2016, at the Decatur Morgan County Entrepreneurial Center. It covers market analysis competitive analysis, the importance of target markets, pricing strategies, and positioning in the marketplace.
IMPROVING YOUR COMPETITIVE EDGE
A Marketing Plan is a written strategy for selling the products/services of a new business. It is a reflection of how serious a company is in meeting the competition head on, with strategies and plans to increase market share and attract customers. An effective Marketing Plan is backed by carefully collected market, consumer and competitor information, sometimes citing professional advice.
The relationship between Sales and Marketing is changing. Download our Sales Enablement brief to learn how Marketing can accelerate the transition and transform their relationship with Sales by equipping them with the tools they need to identify and qualify prospects, understand needs, propose solutions and overcome obstacles.
Marketing 101 is an overview of what is marketing's role within an organisation, how to build a solid marketing staretgy based on analysis, strong messaging and picking the right tools.
It is a starting point if you are unsure about how to tackle the marketing needs of your business or are just starting out in a marketing role. Actionable advice, clear explanation and a few exercises to get the ball rolling.
Presentation delivered for the Cornwall Business Enterprise Centre. Explain what is a Value Proposition and how to write it so your customers understand.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
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The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
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3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
3. 1. It ensures you have considered the fundamental components of your
business model in order to ensure you have addressed them all.
2. It allows you to align with other internal stakeholders in your project to
ensure you have a common view on your business model.
3. It gives you a baseline on which to consider future changes to your
business model.
4. It ensures that you have considered all critical details before putting
together a Marketing strategy
5. Validates that the business model is sustainable
BUSINESS MODEL CANVAS
4. Key Partners
Who are your key partners
Who are your key suppliers
Which key resources are your acquiring from partners
Which key activities do partners perform
Motivations for partnerships
Optimization and economy
Reduction of risk and uncertainty
Acquisition of particular resources or expertise
5. Key activities
What key activities does your value proposition require
Distribution channels
Customer relationship
Revenue streams
Categories
Production
Problem solving
Network
6. Value Proposition
What value do you deliver to the customer
What problems are you solving
What bundles of products or services are you
offering to each customer segment
What customer needs are you satisfying
Characteristics
Newness
Performance
Customization
Getting the job done
Design
Brand status
Price
Cost reduction
Risk reduction
Accessibility
Convenience usability
7. Customer Relationship
What type of relationship does each of your
customers segments expect you to establish and
maintain
Which ones have you established
How are they integrated with the rest of your
business model
How costly are they
Examples
Personal assistance
Dedicated personal assistance
Self service automated service
Communities
Co-creation
8.
9. Customer Segments
For who are your creating value
Who are your most important customers
Mass market
Niche market
Segmented
Diversified
10. Evaluate which market or markets you want to pursue.
How will you define your segments and which definitions best fit your
business model.
Geography pertains either to your location or the location of your target
customers, where your product or service will be used.
Demographics are the statistical characteristics of your target market, such
as age, gender, education level or household size.
Psychographics characterizes consumers by psychological or emotional
traits, based on belief systems or personality types such as risk-taker versus
risk-averse, or early adopters versus late-stage buyers.
Lifestyle is a behaviorally-based criterion, focusing on the activities your
target participates in, from work to hobbies pursued or vacations favored.
Life stage combines some of the demographic and psychographic
characteristics that groups have in common to delineate where or when your
targets are in their life cycle: college and career, young families, empty
nesters and the like.
11. Qualify your chosen market or markets.
Once you’ve evaluated criteria to define your market and selected possible
markets to pursue, assess the markets based on their potential for
profitability to your business.
Answer the following questions:
• How large is the segment now? Is it large enough to support my business?
• How easy or difficult will it be to reach the segment?
• Will the segment grow or expand in the future? How far into the future
may it grow?
• Does this segment really fit with our business model? Can we immediately
meet their needs or will it take a significant change in direction to meet
demand?
• How difficult will it be to get the data we need to fully understand this
segment, to answer these questions?
12. Gather and analyze data on your selected market.
As time and budget allow, use primary and secondary research sources.
• Review your own sales data. Who purchases how much of what products
or services? When do they buy? Where are they located? Who does the
actual purchasing and for whom are they purchasing?
• Cross-reference this sales data to industry-specific databases your trade
association may publish or your Chamber of Commerce Book of Lists to
get basic business demographic information, or US Census Bureau tables
for general population data in your area or near where your area is that
you are living
• Mine information from free or low-cost syndicated reports produced by
market research firms to dive more deeply into market segments and
glean insights on motivations driving buyer habits.
• Analyze the data you’ve gathered. Look for key similarities and
differences among the general customer base, your overall population.
Do certain groups bunch together or break apart from others based on
geography, demographic breaks or behavior? This cluster analysis gives
you more clearly delineated segments, helps you answer the qualification
questions and sparks ideas on how to communicate with the target
segments through your promotional efforts.
13. Key resources
What key resources does your value proposition require
Distribution channels
Customer relationships
Revenue streams
Types of resources
Physical
Intellectual
Human
Financial
14. Channels
Through which channels do your customers want to be reached
How are you reaching them now
Which ones work best
Which ones are most cost efficient
How are you integrating them with customer routines
Phases
1. Awareness: How can your raise awareness about your products/services
2. Evaluation: How do you help customers evaluate your company/value Proposition
3. Purchase: How do you allow customers to purchase your product and services
4. Delivery: How do you deliver the value proposition to customers
5. After-sales: how do you provide post purchase customer support
16. Marketing budget
1. Available resources
• Consist of whatever you can afford
2. Align with your competitors
• Do whatever you competitor(s) does
3. Percentage of sales
• Dedicate a percentage of your revenue to marketing
4. Based on objectives
• Make plan with real objectives and assign a budget
17. Cost structure
What are the most important costs inherent to your
business model
Which key resources are most expensive
Which key activities are most expensive
Is your business more:
Cost driven: Lean cost structure, low price value
proposition, max automation, max outsourcing
Value driven: Focused on value creation, premium value
proposition
Sample characteristics
Fixed costs
Variable costs
Economies of scale
Economies of scope
18. Startup costs
Legal costs
Web site design
Stationery
Business cards
Furniture
Licencising
Marketing
Include things that you currently have/own
and will be using for your business (cell phone,
computer,vehicle, etc)
Other = 10%
19. Cost of Goods Sold
COGS is the cost of those goods associated with product
sales. The cost of goods sold includes the costs of all
items that are directly or indirectly associated with the
production or purchase of goods that have been sold.
The main categories of costs included in COGS are:
Direct materials
Direct labor
Factory overhead
Production supplies
Or if reselling
Beginning Inventory + Purchases – Ending Inventory
20. Revenue streams
For what value are your customers really willing to
pay
For what do they currently pay
How are they currently paying
How would they prefer to pay
How much does each revenue stream contribute to
total revenue
Types
Asset sales
Usage fees
Subscription fees
Renting/leasing
Licensing
Brokerage
advertisng
Fixed pricing
List price
Product feature
dependant
Segment dependant
Volume dependant
Dynamic pricing
Negotiation bargaining
Yield management
Real time market
21. Pricing
Price setting limits
Upper limit = What the consumer is willing to pay
Lower limit = production cost
• Your product or service’s distinctiveness and subsequent demand
help set the upper limit.
• Costs help you set the lower limit
22. Pricing strategy
Skimming Price
Set your price high at launch to
address early adopters. Price is
lowered later to expand market.
Penetration Price
Set your price low at launch to gain
the largest market share possible as
quickly as possible.
23. Pricing strategy
Odd Price
Set prices slightly lower than
rounded 4.95$ instead of 5.00$
There is a definitive psychological
effect. A perception that the odd
price is significantly lowere than the
rounded price.
24. Break even point
Price x quantity Fixed costs + (variable costs x quantity)
The point where you neither generate a profit or a loss.
You simply cover your costs.
equals
25. Sales Forecast for a new business
• Understand and manage your fixed and variable expenses
• Marketing will likely be more than you think
• Legal, insurance licensing as well
• Keep track of thing you do as labor expenses so you can plan for it later.
• Forecast sales using both a conservative case and aggressive case
• Conservative: low price, two channels, no sales staff, …
• Aggressive: higher price, 4 channels, two sales staff, …
• Keep track of your key performance indicators
• Number of contacts
• Conversion rates
• Sales cycle
• Profit margin
26. LOCATION BASED
BUSINESS
• 600 people come by your store every day
• 1 out 10 will enter our shop (60 people per day)
• 1 out 5 will buy something (12 sales per day)
• Average purchase is 30$ (360$ per day)
• Store is open 30 days per month (10,800$ per month)
27. BASED ON YOUR COMPETITION
Company Co. 1 Co.2 Co.3 You
Sales 750k 500k 1,500k 400k
Avg Price 25k 15k 30k 20k
Est. Volume sold 30 33 50 20
Nb. Employees 10 7 12 5
Volume/employee 3 5 4 4
28. LEAD BASED
• 2 sales representatives generating 250 calls /month
• 1 out of 5 calls leads to a meeting (50 meetings / month)
• 1 out of 10 meetings leads to a sale (5 sales / month)
• Average price of sale x 5 = ?????
29. ONLINE BUSINESS
• Advertising budget 5,000$ / month
• Cost per click is 1.25$ = 4000 clicks
• Conversion rate is 4% = 160 sales
• Average shopping cart is 45$ = 7200$
30. Forecast second and subsequent years
All the factors we discussed previously but now you
have company data to help you better understand the
sales cycle, purchasing trends, consumer behaviour,
etc.