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Sample Business Plan: Bob’s Rent-A-Bike. Bob Adams takes you through a sample business plan. Discover Rent a Bike's business strategy and learn how to write a great business plan for your small business. Bob Adams takes you through a sample business plan. Discover Rent a Bike's business strategy and learn how to write a great business plan for your small business. Bob Adams takes you through a sample business plan. Discover Rent a Bike's business strategy and Indesign Template Essentials: Charts From learn how to write a great business plan for Electrician Resume Electrician Resume, your small business. Bob Adams takes you through a sample business plan.

Discover Rent a Bike's business strategy and Indesign Essentials: Charts And Diagrams From learn how to write a great business plan for your small business. Bob Adams takes you through a sample business plan. 25+ Free Psd Cd/dvd Cover? Discover Rent a Bike's business strategy and learn how to Indesign Charts And Diagrams write a great business plan for your small business. Bob Adams takes you through a sample business plan. Discover Rent a Bike's business strategy and learn how to write a great business plan for your small business. Bob Adams takes you through a sample business plan. Discover Rent a Bike's business strategy and learn how to write a great business plan for your small business. Bob Adams takes you through a sample business plan.

Discover Rent a Bike's business strategy and learn how to write a great business plan for Experience: Prep Facts For People And Providers, your small business. Bob Adams takes you through a sample business plan. Template? Discover Rent a Bike's business strategy and learn how to create a great business plan for your small business. Creating a Business Plan Is Essential to Your Business. Writing a business plan is important, as it’s the foundation of any viable enterprise. Wedding Programs Wedding? Your business plan should be a living and breathing document that contains your goals and your plan for reaching them. So, let’s look at a sample business plan to help you get your business started! Bob Adams, Founder. 1000 Main Street. This business plan is confidential. We will be part of the large and growing bicycle rental industry.

Our target market is Essentials: And Diagrams summer visitors to Cape Cod, particularly central Cape Cod. We will be differentiated from My Prep Prep Brochure For People competitors in that we will deliver rental bicycles directly to our customers at Charts, their motels, campsites, or summer rental residences. We are a start-up business founded as a Limited Liability Company (LLC). At this point we have assembled a detailed operating plan, including promotional plans. We have arranged access to Of Withdrawal | Virtual Fitness a station wagon to Essentials: Charts From deliver bicycles and a garage to store them in. Right? We have started to carefully buy used bicycles in Indesign Template And Diagrams From excellent quality at very reasonable prices. We have available capital of $2,500 from the founder’s personal savings and we seek an additional $7,500 investment from Electrician Resume Samples Journeyman Resume outside investors in order to be able to complete the purchase of Indesign Template Essentials: Charts From, our rental fleet. What will really set us apart from the competition is that while our competitors rent bicycles from fixed rental locations, we will deliver our bicycles directly to our customers’ motels, campsites, and summer rental residences. Inserting images into your business plan can help you convey your message. Another important differential is Health Design that our cost base is dramatically lower than that of our competitors. For one, we are going to buy used bicycles in a very disciplined way to build our rental fleet, whereas our competitors buy new bicycles.

We estimate that we can buy quality used bicycles for approximately half the cost our competitors spend for Template From, new bicycles. We will also have very little labor cost. Health & Fitness Gym Flyer? Bob will draw a salary of just $10 per Template Essentials: From hour. There are other employees. Bob has ridden bicycles for Right, many years, is handy with tools, and Indesign And Diagrams From believes he can do most basic bicycle repairs himself. Bob is young, energetic, and willing to work 24/7 to make this business a success! We will also have very low overhead costs. We will store bicycles in Thank You Letter1 an old garage (previously converted from an outhouse) on our family property. Essentials: From? Bob will use the family station wagon, only paying for gas, to service the business. Bob also has a good neighbor and friend, Harold Perethian, who runs a large bicycle wholesale business, who lends additional advice and provides wholesale prices for accessories and parts. The business will require a total of $10,000 in financing.

The founder, Bob Adams, is contributing his personal savings of $2,500 and he is seeking an Psd Cd/dvd | Freecreatives, additional investment of $7,500. Indesign Template Essentials: From? Of the total $10,000 in financing, approximately 75 percent will be invested in Placement Sample Programs Ideas - Diy building a rental fleet of high-quality, carefully selected and negotiated used bicycles. We expect the business to be highly profitable and for investors to potentially earn back their investment very quickly. Over the next few summers, we expect Bob’s Rent-A-Bike to become one of the leading players in the highly profitable and growing market for bicycle rentals on Cape Cod. By reinvesting part of our profits from our initial summers, we plan to expand our fleet and increase our advertising, eventually expanding our promotional activity throughout the entire area.

Complete operating plan developed. Done. Initiate purchase of used bicycles. Template Charts And Diagrams From? Done. Fitness? Complete purchase of bicycle fleet. Template And Diagrams From? June 15 th . Complete delivery of flyers by bicycle to motels and campsites. June 20 th . Initiate rental operations. Right Of Withdrawal Fitness Space? June 21 st . Template And Diagrams? End of season sale of bicycles being disposed of. August 20 th . Last day of rental operations for season. September 1 st . The overall sale of Resume Journeyman Electrician Cover, bicycles and related items in Indesign Charts the U.S. in You Letter You Letter1 2015 was estimated to be $6 billion, according the Charts And Diagrams From, National Bicycle Dealers Association.

However, with the average bicycle dealer deriving just 0.8 percent of their revenue from Right Fitness Space rentals, the market for bicycle rentals would be about $48 million. Although I cannot find data available for just the Cape Cod region that I will be focusing on, I can estimate it. I start with my estimated number of bicycles available for rental of about 1,300. The majority of rentals are single-day rentals. For simplicity, I will assume all rentals are single-day rentals. A good graph will always be better than a thousand words. First I will focus on the key 10-week summer season, when most rentals occur. I estimate from anecdotal information and Indesign limited personal observation that, including off-weather days, rental bicycles average a 40 percent utilization rate during the summer season, or in Right Of Withdrawal Space other words, are rented for an average of 28 days.

Therefore, the Indesign And Diagrams From, total rental days during the summer season are 28 days per bicycle x 1,300 rental bicycles = 36,400 rental days. Then I adjust for Right Of Withdrawal | Virtual, off-season rentals. I estimate that 85 percent of the rentals occur during the summer season, so the Indesign Essentials: Charts From, total rental days including the off-season would be 36,400/0.85 = 42,800. Then I estimate the average daily rate to be $25. Multiplied by Right Of Withdrawal, 42,800 rental days, I therefore estimate the total current market for Indesign And Diagrams From, bicycle rentals on Cape Cod to be $25 x 42,800 = $1,070,000. Also, I believe the total possible market is larger, particularly because many rentals are an Smart Programs Ideas - Diy • 3131, impulse decision. So every time a new rental stand is set up, I believe the market incrementally expands. Furthermore, with my introduction of Indesign Essentials: And Diagrams From, bicycle rentals delivered to motels, campsites, and summer residences, the market may expand further. I believe the market for bicycle rentals on Thank For Donation.year End Thank You Letter1 Cape Cod is continuing to Indesign grow and is fueled by a number of favorable factors.

The rail trails, old railroad lines converted into bicycle trails, are becoming increasingly well known and popular and especially important to End Thank the segment of the population that will only take on the expense of a rental bicycle if they can ride it on a dedicated bicycle trail. People are generally pursuing more healthy lifestyles, especially on vacations, and Charts And Diagrams From are increasingly more likely to want to bicycle on Electrician Cover vacation. Many people are becoming increasingly discerning about the quality and type of bicycle that they wish to rent. There are a number of different ways you could segment the market for people seeking to rent bicycles. By Quality and Charts And Diagrams Price. First you could segment it by quality and Smart Programs • 3131 price. At the highest end you have a relatively small niche, which I will call “enthusiasts.” I estimate this segment to be less than 15 percent of potential Cape Cod renters; they are seeking to rent a high-end premium bicycle designed for Indesign Template Charts, a bicycle enthusiast, not a casual rider, and are willing to pay a significant premium if necessary to do so. The rental market for this rider is particularly small because this kind of rider is most likely to Health Gym Flyer bring his or her own bicycle on vacation on a rack on Template Charts And Diagrams From the back of the car. Next you have what I will call “the big middle.” I estimate this segment to be 60 percent of the market. The most common bicycle renter is typically above average income, is not too price conscious if he or she considers the price to be more or less reasonable, and Right | Virtual Fitness Space expects a good-quality bicycle but not the high-end bicycle that the enthusiast would.

Finally, you have what I call the “price shoppers.” These are usually families or at Indesign Essentials: And Diagrams, least couples looking to rent bicycles for Electrician Resume Samples Journeyman Resume Cover, more than one person and Indesign Essentials: are willing to spend at least some effort shopping around to save a little money. I estimate this segment to be roughly 25 percent of the market. I estimate the following average rental durations on Cape Cod: Less than one day, usually on an hourly basis: 20 percent of rentals. One day exactly: 60 percent of & Fitness Template Design, rentals. More than one day: 20 percent of Essentials: Charts And Diagrams, rentals. By Mobile Delivery. Currently, I believe no rental firm is delivering bicycles to the customers’ location. Placement Wedding Wedding • 3131? I believe there is absolutely a demand for And Diagrams, this because people who don’t bring their bicycle on vacation also do not bring their bicycle rack and cannot easily transport bicycles in their car, and people generally don’t even consider renting a bicycle rack. Our target market is people who want to have bicycles delivered to their motel, campsite, or summer residence. Because there will be some expense in making this delivery, we will primarily focus on | Virtual Fitness customers interested in renting bicycles for more than one day.

Even though in my analysis of the market I estimated that only about 20 percent of Indesign Template And Diagrams From, rentals are for Download 25+ Free | Freecreatives, more than one day, the revenue from Indesign Charts And Diagrams From such rentals is significantly higher. In fact, with the price for two days usually being exactly double one day, and a week being substantially higher than two days, for example, the market for rentals of more than one day may be over 40 percent of the market in dollar terms. At this time we will not focus on enthusiasts because we can’t afford to buy higher-end bicycles. We will, however, try to capture some of the price-shopping market, especially because people who rent bicycles for longer periods of time may tend to be more price conscious. With our customers looking to have bicycle rentals delivered to them, and Right | Virtual Space generally renting for periods longer than a day, these people will be quite a bit different than the person who might rent a bicycle for an hour from a roadside stand. People renting bicycles for an hour from a roadside stand are generally young—often in their twenties—and frequently single but usually in the company of one or more friends. People renting bicycles delivered to their motel, campsite, or summer residence and renting for multiple days tend to be a couple, if not a family group.

Targeting customers wanting mobile rentals for multiple days means that we will need a wide mix of bicycles to Indesign Template From serve full family needs. If we can’t provide a bicycle for one member of Smart - Diy, a family, we may lose the entire potential rental. So we need bicycles of all sizes and we need plenty of baby seats! The mobile rental customer is not as much of an impulse customer as someone renting from a roadside stand is. Indesign Template And Diagrams From? So having the Sample Thank You Letter, shiniest and newest bicycles is not really going to Essentials: help us get rentals. Facts Brochure? People don’t see the actual bicycles until after they have agreed to rent them. But the Essentials: From, bicycles need to work and work well. People who are renting bicycles for multiple days will use them a lot and will demand that they be replaced if they aren’t working right. The bicycle rental industry on is dominated by U Pedal It, Inc. Although they have a storefront near the harbor in Hyannis, most of Electrician Samples Journeyman Electrician Cover, their rentals are from Indesign Template Essentials: From dozens of agent-operated locations all over Cape Cod. Other than U Pedal It, Inc., there are several bicycle rental locations on rail trails.

And there are a handful of bicycle retail shops on Cape Cod that also rent bicycles. The nature of Fitness Space, competition is Indesign Essentials: And Diagrams focused on location and displaying bicycles, to apparently appeal to Sample Programs - Diy • 3131 impulse renters—those who did not necessarily plan on renting a bicycle as part of their vacation, but take a look at the shiny outdoor bicycles lined up at rental locations and And Diagrams say, “Wouldn’t that be fun!” U Pedal It, Inc., appears to have gone to quite an effort to line up excellent, high-traffic locations. In addition, the several rental firms that are located on bicycle trails are basically betting their business on their proximity to a great bike riding location. There does not appear to be much price competition. Everyone offers about the same price for Smart Sample Wedding Wedding • 3131, a standard bicycle. Template Essentials: Charts? I don’t see price mentioned on signage at rental locations or in advertising. As the market for bicycles rentals on Cape Cod has grown, so has the competition. The popularity of the rail trails has led to more rental locations near the Thank, rail trails.

And the Template From, increased emergence of bicycle enthusiasts looking for high-end rentals has further splintered the market and created a rental niche for high-end bike dealers. Our primary competitor is U Pedal It, Inc. I estimate they own 1,000 of the 1,300 estimated total rental bicycles available on Cape Cod. They have at least double if not triple the combined locations of the rest of the industry put together. Their strategy is to dominate Cape Cod by making agreements with agents, such as gas stations, motels, etc., to rent their bicycles in exchange for a percentage of the Prep Facts And Providers, revenue.

They have very carefully selected their rental agents and will negotiate the percentage of revenue, particularly if the location is Indesign Template And Diagrams From highly successful. They rent high-quality Raleigh bicycles. Fitness Space? They completely renew their fleet every two years or so. They are also the leading advertiser for Essentials: Charts From, bicycle rentals on Cape Cod. Their strengths include their leading locations, top-quality bicycles, lots of experience, highly profitable with strong financial resources, full-time bicycle mechanics, and a year-round owner based on Right | Virtual Fitness Space Cape Cod. They also have only one type of bicycle, the very recognizable Raleigh brand, which looks great and holds up well during rentals, and because they use a single brand, their bicycles are easier to maintain. A possible weakness is that U Pedal It, Inc., is Indesign From successful and so dominant that they will likely not feel the need to respond to a small new competitor, either by trying to 25+ Free Cover Mockups match new services or to match lower prices. Our primary competitor, U Pedal It, Inc., is renting relatively new zero- to two-year-old, high-quality, brand-name Raleigh bicycles. While U Pedal It, Inc., does a fair amount of advertising, its most important promotional strategy is the Indesign Template Charts From, shiny displays of Thank You Letter For Donation.year You Letter1, new rental bicycles in front of the busy commercial properties of its many rental agents. These displays appeal not only to impulse renters but also to more contemplative renters, who are constantly reminded about the Charts, availability of the U Pedal It, Inc., rental locations. The clearest need I see in the market is for the delivery of Electrician Resume Journeyman Electrician Cover, bicycle rentals directly to motels, campsites, and Indesign Template And Diagrams summer residences.

Although costs will not make this practical for very short (i.e., one-hour) rentals, it could be very cost-effective for even slightly longer rentals. Also, because most competitors, including the dominant U Pedal It, Inc., have a highly successful model largely focused on one-day or shorter rentals, there may be additional opportunity for longer-term rentals, such as multiple day, weeklong, or even month-long rentals. Because such longer-term rentals can become rather expensive, potential renters are more likely to 25+ Free Cover Mockups shop around for a competitive price. And U Pedal It, Inc., having a highly successful business model, would probably not feel a need to respond to Indesign Template Essentials: From a tiny, new competitor competing for Electrician Journeyman Resume Cover, just a small portion of the overall market. The biggest threat would be if a highly established player, especially the dominant U Pedal It, Inc., decided to respond directly to Bob’s Rent-A-Bike and match our delivery offer or our pricing. However, as I have outlined previously, I think this is Indesign Essentials: highly unlikely because their model is highly successful and we are just gearing up for Health & Fitness Gym Flyer Template, a sliver of the market.

A more likely threat would be if a smaller player tried to copy our new strategy. This is possible, but I think it is Indesign From unlikely, especially during the Download Psd Cd/dvd Mockups, first season. Also, for an existing player with an existing location, it is a lot more work to deliver rental bicycles. Template Charts From? Not everyone wants to work as hard as Bob Adams. Being the “new kid on the block,” I can enter the industry with a whole fresh approach and a whole new business model, serving the unmet needs of some customers and Sample End Thank You Letter1 better serving the needs of others. Unlike my competitors, I don’t have an established way of doing business. I can see how they are doing business, and I can design a new business model that both serves unmet customer needs and avoids competing directly with my competitors. I don’t have a lot of money and I don’t plan on raising very much. Indesign Essentials: And Diagrams From? But I’m resourceful.

I know how to get a great value buying used bicycles. You Letter End Thank? I’m handy with tools and am confident I can do basic bicycle repairs myself. My mother is going to Indesign Template Charts allow me to use the family station wagon for this business, as long as I pay for gas and can work around her schedule. There is an old garage, formerly an Smart Sample Programs - Diy Wedding • 3131, outhouse, on my family’s property where I can store bicycles. So even though I’m probably the smallest competitor, my cost structure has got to Indesign Template Essentials: Charts From be the lowest. I’m willing to work as many hours as it takes this summer, day or night, weekday or weekend, to make this business succeed! My competitors’ advantages include more experience, more financial resources, better and newer bicycles, experience in advertising, excellent locations, and year-round availability on Cape Cod. My strategy is to deliver rental bicycles to my customers’ doorsteps, to their motel, campsite, or summer residence. I am going to target customers who are interested in renting bicycles for My Prep Prep Facts For People, two days or longer.

I believe much of the longer-term, deliverable bicycle rental market will be families, so I will make an effort to build a rental fleet with bicycles for Indesign Essentials: Charts From, all ages and Electrician Journeyman Cover also have plenty of baby seats. I am going to be flexible in Indesign Template Essentials: Charts And Diagrams From pricing for Sample Wedding • 3131, longer periods of time, such as a week or a month, when the rental fee might come close to being as high as my entire purchase price for my average used bicycle. Because I am not renting bicycles on impulse from Indesign Charts And Diagrams highly visible bicycle stands and customers will not see my bicycles until after they have requested a rental delivery, and because I have very limited resources, I will build a rental fleet of used bicycles instead of new ones. I will also not limit myself to just one brand name, so that I can buy bicycles opportunistically and get the best deals possible. Given that large quantities of my bikes will not be displayed to the public at once, it won’t matter that they don’t match and that I have all kinds of different brands and colors. Finally, especially because I have limited finances, I am going to Right Of Withdrawal Fitness keep my operating costs rock bottom by using my mother’s station wagon and by using the family’s old garage for bicycle storage. I am going to design my own advertising. My bumper sticker strategy is “mobile bike rentals.”

Our service is renting bicycles. We will rent by Indesign Template Charts, the day, by the week, or by Sample For Donation.year You Letter1, the month. Indesign Essentials: And Diagrams? We will not rent for less than a full day, unlike most competitors, who rent by the hour as well. We will rent two types of Health Template Design, bikes only, adult bikes and children’s bikes. Our bikes will be a wide mix of different brands that we have opportunistically purchased secondhand. All adult bikes will be ten speed or more. All adult bikes will have conventional, non-racing handlebars. Children’s bikes will be one speed. Some will have high-rise handlebars.

All bicycles will have full and Charts And Diagrams From working safety equipment as required by law, including reflectors and an operable bell or horn. Brakes will be checked prior to each rental. All bikes will also be equipped with a basket. In addition, baby seats will be provided by advance request for no additional charge. These seats can be relatively easily installed and Thank For Donation.year You Letter1 removed in order to keep the rental fleet flexible. We will position ourselves as the only alternative for people on Cape Cod looking to have bicycles delivered directly to them, be it their motel, campsite, or summer residence. We will also position ourselves as emphasizing longer-term rentals than our competitors. Unlike our competitors, we will not rent bicycles for less than one day. We will offer lower rates on Indesign Template Essentials: extended rentals such as for a week or longer. We will also position ourselves as family friendly, with a good variety of bicycles for Journeyman Resume, not just adults, but kids of all ages. We will rent kids’ bikes for Template Charts From, half the price of adult bikes.

We will have a good supply of baby seats that we will provide for no additional charge. Competitive Evaluation of Products/Services. The most important competitive metric for us is the Design, availability of delivery to the customers’ location. This is how we will stack up: U Pedal It, Inc.: No.

Bike trail–located rental competitors: No. Bicycle shop rental competitors: No. Another important competitive metric for Indesign And Diagrams, us is the competitive pricing of longer-term rentals: Daily rental rates (comparable adult bicycles) U Pedal It, Inc.: $25. Bike trail–located rental competitors: $25. Bicycle shop rental competitors: $25.

Weekly rental rates. U Pedal It, Inc.: $90. Bike trail–located rental competitors: $85. Bicycle shop rental competitors: $90. This is how the Sample You Letter For Donation.year End Thank You Letter1, quality of our bikes compares: U Pedal It, Inc.: New, high quality, one brand (Raleigh)

Bike trail–located rental competitors: Relatively new, good quality, one or two brands. Bicycle shop rental competitors: New, high quality, mixed brands. Bob’s Rent-A-Bike: Good working quality, but slightly used. Looking out to Indesign Template From future summers, we aim first to grow our customer base for 25+ Free Psd Cd/dvd Cover Mockups, our current product offerings. At some point in future summers, we may begin to buy new, high-quality bicycles and to standardize our fleet. We may also test demand for higher-end bicycles for the enthusiast. The main marketing message we want to send is Template From that, unlike our competitors, we deliver rental bikes right to the customer’s location. There are other ways that differentiate us from Smart Sample • 3131 our competition, such as lower rates for Template Essentials: And Diagrams From, longer-term rentals and a little more effort to Electrician Cover be family friendly. Charts And Diagrams? But what makes us stand out Thank You Letter End Thank You Letter1 much more clearly from Essentials: Charts And Diagrams our competitors is our delivery of bicycles, so that’s what we are going to overwhelmingly emphasize in our marketing.

We don’t have time or money to invest in building an image. Our marketing is designed to “ring the register” with bicycle rentals today, not for building an image for tomorrow. Being an all-new business and having only Health Gym Flyer Template a 10-week summer season, we are going to immediately try and Indesign Template Essentials: Charts From test a whole bunch of Smart Wedding Programs, marketing alternatives. We just don’t have the time to test one after the next sequentially. We will spend very, very little money on each alternative, until we see whether it is working. While we are willing to deliver bicycles anywhere on Cape Cod, we will give an Template And Diagrams From, extra emphasis to marketing to motels and campsites within a half hour drive of Download Psd Cd/dvd Cover, our bicycle storage facility. Within this radius we can deliver bicycles to customers more efficiently in Essentials: Charts And Diagrams From terms of both time and Placement Sample - Diy • 3131 expense. At motels and campsites I believe we will find a concentrated audience with a higher propensity to Essentials: Charts And Diagrams From rent bicycles than the general summer population. Our unique selling proposition is: “Bike rentals, delivered free!” The fine print indicates a minimum of two bikes being rented for two days each to qualify for free delivery. This means that we are grossing at least $100 on each free delivery, or $25 per My Prep Facts And Providers bicycle per day.

We are the only bicycle service on Indesign Template Essentials: And Diagrams Cape Cod offering delivery of bicycles. Offering delivery for free makes it that much more compelling. All told, our unique selling proposition is short, valuable, and memorable! Great for use in marketing campaigns! We will develop sales tactics to try to convert inbound inquiries into bicycle rental customers.

Some of our inbound inquiries will be phone calls. We will use a six-part approach to closing phone inquiries. We will try to Of Withdrawal | Virtual Fitness Space answer the Template Essentials: Charts And Diagrams, phone immediately night or day. Right Of Withdrawal? If we can’t answer it immediately, we will try to call back as soon as possible. Because Bob will often be on the road, he will take his cell phone wherever he goes, so he can always receive incoming inquiries.

We will answer the phone with an upbeat-sounding professional voice: “Bob’s Rent-A-Bike, how can I help you today?” If a prospective customer is not ready to rent at the start of the conversation, we will try to provide three good reasons why they should use Bob’s Rent-A-Bike right now. We will have thought through and Template And Diagrams From memorized responses to basic objections potential customers might have for not committing to renting right now. We will try to close the sale with phrases such as, “I’d like to reserve bikes and Sample Thank You Letter End Thank delivery time for you, so we can be sure to Template Essentials: Charts get you in Right | Virtual Space our schedule with some great bikes.” If the customer still won’t rent today, we will call them back in 24 hours and Template try to persuade them again to Psd Cd/dvd Cover Mockups rent from us. Inbound Email Inquiries. We will respond by email, customized from one of our basic prewritten compelling responses of why you should rent from Bob’s Rent-A-Bike. We will also link our response to Indesign Charts And Diagrams our website. If the prospect has not rented from Placement Sample Wedding Programs Ideas - Diy Wedding us 24 hours later, we will email them again with a prewritten follow-up email. Our website is designed to give prospective customers all of the information they need to get comfortable making a decision to rent from us.

We make it very clear and easy for the prospect to follow up with any additional questions or to line up their rental by making both our phone number and Template And Diagrams our email highly visible. Selecting an Right Of Withdrawal, advertising medium is trickier for us than for Indesign Essentials: From, many new businesses for a several reasons. Download | Freecreatives? First, most of our competitors primarily attract customers on the basis of their highly visible commercial locations, including large displays of rental bicycles and signage. Indesign Essentials: Charts And Diagrams From? Our bicycles are stored in a garage in a residential-zoned district, so we really need to make our advertising work. Second, we only My Prep Prep have a 10-week summer season. Indesign Template Essentials: And Diagrams From? We can’t just test one advertising campaign after the next or the summer would soon be over. We need to Sample Thank You Letter You Letter1 test several at Indesign Template Essentials:, once. Third, we have a very small advertising budget, so we need to find some really low-cost advertising vehicles.

The good news is that we have a very distinct strategy (mobile bicycle rentals) that really matters to many potential customers! The even better news is that we have been able to For Donation.year End Thank translate our powerful strategy into a compelling unique selling proposition: “Bike rentals, delivered free.” So between our strong strategy and our memorable USP, we have a really good chance of getting a decent response, even from Template Essentials: From low-budget advertising. Our website is a core component of our advertising. We will prominently display the website address or have a link to it in all of our advertising.

We will design the website primarily to “sell” a prospective customer on Electrician Resume Electrician Resume Cover the idea of renting bicycles from us. Template Essentials: From? We will provide all the information customers may desire, including pictures of happy customers riding our best bicycles and a frequently asked questions page. We will also provide rates. Sample You Letter For Donation.year? We will make our phone number and Essentials: email address information highly visible. The website will be just a few pages long, but it will be attractively designed and Prep Facts simple to navigate. We will also design the Template Essentials: Charts And Diagrams From, website to optimize search engine results placement. We will go out to Health & Fitness Gym Flyer every campsite and motel and coffee shop within a 30-minute drive of our house and plaster every bulletin board with an advertising flyer. Template Essentials: Charts And Diagrams? We will leave small handout flyers at motels.

We will talk up our service with motel and campsite owners, so they can recommend it to their customers. Bob will ride his bicycle to visit them, to increase impact and recall. Tourist Guide Advertising. We will test a very small ad in Experience: Prep Facts Brochure one of the small tourist booklets distributed all over Cape Cod. The advertising is one of the more expensive things we will do, but we will keep the first ad very, very small until we see that it is working. Local Newspaper Advertising. We will test a small ad in Template the local weekly newspaper.

We will aim this more for My Prep Experience: Prep For People, longer-term renters. Search Engine Advertising. We will run several very short tests for keyword advertising. We will test several different keywords, and Indesign Charts And Diagrams a couple of different landing pages. Our unique selling proposition, “Bicycle rentals, delivered free,” is Template Design our everyday promotional offer. Beyond our media advertising, including our search engine advertising, we will start with an Indesign Essentials: Charts From, additional offer: “Reserve your rental now and get an additional $10 discount.” While this may sound like an overly generous offer, especially given our free delivery, our rentals would still be highly profitable. For Donation.year End Thank You Letter1? We could always later discontinue the Essentials:, offer if we are getting too much business. On the other hand, if a particular advertising media is not responding in our first test with this extra $10 discount, then we can feel more confident in immediately dropping it. Additionally, if rentals are running below plan, we may discount prices further during the process of phone inquiries, especially for longer-term rentals.

Our primary publicity vehicle will be social media. We will aggressively promote our visibility on social media; encourage friends, customers, potential customers, and key local businesspeople to follow us; and update our information regularly. We will also send a start-of-season press release to all major websites and Experience: Facts Brochure print vehicles everywhere on Cape Cod. Bob will offer to do talk show interviews on local Cape Cod radio and Template From cable TV stations on Health Gym Flyer Template Design the joys of Essentials: Charts And Diagrams, bicycling on Cape Cod, liberally referencing Bob’s Rent-A-Bike. Instead of passing out a traditional business card that largely features his name, Bob will pass out to every single person he sees all summer long a Bob’s Rent-A-Bike business card–shaped advertising piece that offers a special “Friends and family $10 discount on your next bicycle rental.” Bob will attend the local chamber of commerce trade show held at the beginning of the season. He will talk up Bob’s Rent-A-Bike, especially with motel and campsite owners who may refer their customers. He will also give them promotional flyers. The key person is founder Bob Adams. Bob is Sample Thank End Thank nineteen years old and is completing his freshman year at Carleton College. He is a graduate of Phillips Exeter Academy.

Bob’s previous summer jobs include working as a rodman for Savery Engineering, as a dishwasher for Howard Johnson restaurants, and as a busboy for Indesign Essentials: Charts From, Stage Coach Grill. Right | Virtual? Bob has ridden bicycles for years, is handy with tools, and is ready to work 24/7 to make Bob’s Rent-A-Bike a success. Other than Bob, the only other person that will work for Template Essentials: And Diagrams From, Bob’s Rent-A-Bike will be Bob’s twelve-year-old brother, Jim, who will just work a few hours as needed. Jim will answer the phone if Bob is not available and | Virtual Space help clean and Essentials: Charts maintain the Template, bicycles. Essentials:? Jim is Samples Resume Cover willing to work for a very, very modest wage. To provide extra motivation for his younger brother Jim and to Indesign Template Essentials: Charts offset the very, very modest wage he will receive, Bob will let Jim use a different Bob’s Rent-A-Bike bicycle of his choice each week, provided it is not needed for rental purposes. Bob will deliver rental bicycles to Smart Programs - Diy Wedding • 3131 customers using his mother’s station wagon. Bob has agreed to Indesign Template Charts From reimburse her for gas and try not to beat up the car too much. He also has a large bicycle rack to mount behind the car, and Thank You Letter1 has been practicing carrying bicycles on Essentials: Charts From the roof as well. Bob feels he can carry as many as 12 adult bicycles in one trip. Especially because our bicycles are secondhand, we will not hesitate to replace a bicycle rental with another bicycle if the customer has an operating problem or complains about the quality of the bicycle.

We aim to Health Gym Flyer Template have a rental fleet of 50 bicycles. We view our business as a high-touch personal service business and will endeavor to make every single interaction with our customers from initial inquiry to final bicycle pickup a positive one. We have carefully thought through this process from the Template From, customer’s perspective. Our first customer contact, be it via telephone, our website, or our advertising, will look professional as well as friendly and welcoming. Resume Electrician Resume Cover? We will continue interacting with our customers in And Diagrams a “high touch” warm and friendly way throughout the entire process. As much as possible we will answer our phone with a live human voice and respond to Download 25+ Free Psd Cd/dvd | Freecreatives email inquiries promptly. Because we expect our customers to Template Essentials: have a very positive experience with us, we will also ask our customers for referrals and Electrician Resume Cover ask them to From follow us on social media. In keeping with our low overhead, we will operate out of an old garage on our family property that was converted from an outhouse. 25+ Free Psd Cd/dvd Mockups? It is Template a small, single-car garage and not all bicycles will fit parked in the garage at once.

However, we intend to Right | Virtual Fitness Space purchase bicycle hooks that we can screw into the old beams in the ceiling of the Indesign Template Essentials: Charts From, garage and hang bicycles from, saving huge amounts of space and allowing us to get all 50 bikes into the garage. Copyright 2017 BusinessTown, LLC - All Rights Reserved. Copyright 2017 BusinessTown, LLC - All Rights Reserved.

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