Marketing Strategies
What are the seven Ps of marketing?
What is product, price, promotion, place, packaging, positioning and people
How does an entrepreneur get funding?
Entrepreneurs rely heavily on their own resources and saving to fund their business, as according to Score.org, entrepreneurs say that 66% of their company was funded out of their own pocket
What person ran the 19th-century American oil economy?
Who is John D Rockefeller
What are the 4 basics to a startup business?
What is Product, money, market , & people
Do all problems have simple solutions?
Not all solutions are simple, but there are always different and unique solutions.
When a firm focuses on selling its current products to existing customers
What is a market penetration strategy
What is the optimal amount of funding you need to get a start up company off the ground?
There is really no definitive answer, but according to fastercapital.com, it is typically best to raise 1-5 million dollars to get going
What is the name of the founder of the world’s largest PC software company?
Who is Bill Gates
What percentage of startups fail within the first year?
What is 50%
Where can you find problems?
You can find problems everywhere
Expanding sales by selling current products in new markets
What is a market development strategy
What different methods are there to raise funding?
There are a few different kinds of investment/funding options you can choose from. There are Venture Capital investments, angel funding, crowdfunding, and grants.
What person founded PayPal and SpaceX?
Who is Elon Musk
What is a key challenge that startups often face due to their early stage of development?
What is Uncertainty and risk
Is there a method for solving problems effectively?
Identify Problem, brainstorm solutions, choose best solution
Creating new products to sell to existing customers
What is a product development strategy
What method of funding is the most effective?
Thehartford.com says that the first method of funding a startup should be from personal credit lines and finance.
What is the name of the founder of the world’s largest online sales company?
Who is Jeff Bezos
Which stage of a startup’s development involves the initial development and launch of the product or service?
What is The Introduction stage
Are all problems solvable?
All problems have solutions
A marketing strategy used to attract, engage, and retain an audience by creating and sharing relevant articles, videos, podcasts, and other media.
What is content marketing
Can more investments be a bad thing?
Forbes bring up many good points as to why having many investors may be a bad thing. A few of the reasons they brought up where because they may have different visions for where the company should go, as the business owner you lose lots control over the company, and you no longer have the ability to take many risks. These are only a few of the reasons why.
What man created the World's leading retail store Walmart?
Who is Sam Walton
How many new startups are born every second?
What is 3
Does a problem need to be big for it to make a good business?
The problem doesn't have to be big or small to be a potential business venture.