Preview

Business Plan for Ballon Halls

Powerful Essays
Open Document
Open Document
4593 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Business Plan for Ballon Halls
Executive summary:
Aksent Sports is a company that implements a wide variety of sport equipment into one object, to offer people who enjoy to play sports an enclosed area to do so. This company wants to invest in the new project known as “Aksent” sport centre. This type of sport centre is known as a “balloon hall” because the construction of this centre looks like a large balloon. Today, it is possible to build these types of objects by hiring an engineering company to project one to the specifications needed of one company. The amount of time needed to build and prepare this object to be fully functional is one month after the building permit is received. The area inside the balloon has a sport court that was engineered to be able to be used for a variety of sports. The sports that can be played at the Aksent Sports Centre are futsal, basketball, volleyball and handball. The entrepreneurs and investors who have recognized and realized the potential of this company have been rewarded with great return on investment. The return on investment is approximately six months. This is because the start up investment is the most expensive as equipment, land and other expenses are highest at start up. After this time, the expenses are minimal and profits are large. By conducting research on the potential market, Aksent Sports has concluded that there are a variety of target markets within the targeted segment. It is extremely important to efficiently and effectively target these groups in order to maintain a fully booked schedule at the sports centre, thus allowing for profits. The target markets are:
- sport clubs with youth teams
- company sport teams
- university sport teams
- people who are seeking a healthy lifestyle through recreation
These segments are able to be targeted through the implementation of an effective marketing plan that outlines specific strategies to market to each of the target market segments. Through research, we have concluded that

You May Also Find These Documents Helpful

  • Powerful Essays

    Mktg522 Course Project

    • 8188 Words
    • 33 Pages

    Identifying the specific target market is a crucial step in any marketing plan. The first step is to identify the problem, and then secondly illustrate how the proposed product or service will solve this problem for consumers. It must be easily identifiable so that the target market can clearly understand how the product and service would be beneficial. At the end of the day, K Girls Tasty Treats wants to be the answer to their customers’ every want and need.…

    • 8188 Words
    • 33 Pages
    Powerful Essays
  • Good Essays

    Prince Sports is a racquet sports company whose portfolio of brands includes Prince (tennis, squash, and badminton), Ektelon (racquetball), and Viking (platform/paddle tennis). Its complete line of tennis products alone is astounding: more than 150 racquet models; more than 50 tennis strings; over 50 footwear models; and countless types of bags, apparel and other accessories. (Marketing, Eleventh Edition, Kerin, p.239). With a dramatic growth of interest to tennis among different demographics Prince Sports perceived a necessity to target every possible type of consumer. Being in business from 1970 Prince Sports, Inc recognized the fact that every tennis player wants the same thing: to play better. But they don’t all the same skill, or the same ability to swing a racquet fast (Marketing, Eleventh Edition, Kerin, p. 240). Taking into consideration a fast growing opportunities which include: developed technologies, consumers with different needs and abilities and expansion of social network Marketing team of Prince Sports, Inc has came up with a marketing concept: Tennis Racquets for Every Segment.…

    • 948 Words
    • 4 Pages
    Good Essays
  • Better Essays

    “Market segmentation is a two-step process of (1) naming broad product-markets and (2) segmenting these broad product-markets in order to select target markets and develop suitable marketing mixes” (Perreault, Cannon, & McCarthy, 2011, p. 92). To complete successful market segmentation an organization must gather information on potential customers, divide the population into various market segments, estimate the most profitable segments, and rank the market segments by potential sales. This process is imperative during the marketing process because it distinguishes…

    • 1524 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Improving marketing has become a top priority of successful inventors and corporations. Most corporations’ research different groups and needs in the marketplace, satisfy the consumers in a superior way by targeting their wants and needs. All marketing strategies are built on segmentation, targeting, positioning, and then position its offering so that the target market recognizes the company’s image and terrific offerings. There are many different business areas which will sometimes play a huge factor such as, finance, accounting, information systems, marketing, and strategic management.…

    • 713 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Bsbcus501Z Quiz Question

    • 1020 Words
    • 5 Pages

    Identification of target markets and market segments are essential to ensure the product and or service is appropriate and aimed at the correct market to become a success. The investigation must involve information gained from customers whether it is from census surveys, buying patterns or informal surveys where the customer can give their point of view. This enables us to focus on what the customer’s wants and needs are.…

    • 1020 Words
    • 5 Pages
    Better Essays
  • Better Essays

    McDonald’s is a fast food giant and is one of the best known burger chains in the world. McDonald’s builds its brand equity by listening to its customers and continually adjusting its communication and marketing methods. Because McDonald’s faces stiff competition around the world from other fast food chains it must continually adapt. This paper will show how McDonald’s is segmented in the fast food industry, its target markets, and the selection process for that target market. Developing a marketing strategy is very important and to do that it is important to understand the company’s target customers. Once the customer base is understood, communication to that customer base is easier. This also translates into marketing to the customer base in the most effective way possible. McDonald’s segmented its products by psychographic, behavioral, and demographic characteristics. Their products are targeted at children, students, families, and business-people. The immense size of these market segments is why McDonald’s targets them, and the growth rate projections come into play as well. These segments tend to generate massive profit margins.…

    • 1131 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Charles Schwab Essay

    • 527 Words
    • 3 Pages

    * Existing customers – Define target audience based on objective of campaign. Marketing and sales can collaborate to define fields on the basis of which future segmentation can be done. This could be fields on sales screens, leads or opportunities.…

    • 527 Words
    • 3 Pages
    Good Essays
  • Best Essays

    Aldi in Australia - 1

    • 2780 Words
    • 12 Pages

    Customers play an essential role in a company’s marketing. Marketing decision makers always make a strategy to attract their target customers and try to establish a close and positive relationship with them. According to Kotler and Armstrong (2005, p. 124), “Customer markets consist of individuals and households that buy goods and services for personal consumption”. Therefore, a company’s executive officer may make a targeted strategy to satisfy one or more specific groups of consumers.…

    • 2780 Words
    • 12 Pages
    Best Essays
  • Good Essays

    Red Fire Branding Summary

    • 830 Words
    • 4 Pages

    Clearly defined target – target those who specifically fit the characteristic of the brand you are marketing.…

    • 830 Words
    • 4 Pages
    Good Essays
  • Good Essays

    In this article the marketing concept of targeting a segment is present. This major marketing concept involves dividing the marketing mix into segments. These distinct sub groups (target segments) comprise of buyers that react differently to various marketing techniques (Sharp, 2013, p.221). This particular marketing concept acknowledges that the needs and desires of consumers vary. Thus, by targeting sub-groups within the marketplace, businesses can modify their marketing strategy in attempt for future growth, success and customer retention (Marketing91, 2014).…

    • 512 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Market Analysis

    • 1434 Words
    • 6 Pages

    This part of the marketing management Group Project will explain how we can evaluate the attractiveness of identified market segments and why I think our firm should pursue market specialization. I will explain how we can evaluate the attractiveness of identified market segments by identifying and explaining the five key criteria that make a segment plan useful followed by a brief description of how population size, growth rates, and scale of economies can affect profits and of course why we want this venture to be low risk. Next I explain market specialization and discuss why I think it is the most beneficial marketing option. I will begin by explaining how we can evaluate the attractiveness of identified market segments…

    • 1434 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    In this part of my P2 course work, I have been asked to identify the target market by preparing an information pack about the target market, for my potential investors and also make a good question for my business survey.…

    • 3039 Words
    • 13 Pages
    Powerful Essays
  • Satisfactory Essays

    Key Marketing Concepts

    • 1365 Words
    • 6 Pages

    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 stakeholders.…

    • 1365 Words
    • 6 Pages
    Satisfactory Essays
  • Good Essays

    To summarize, in spite of the unarguable fact that the development of certain sports has been facilitated considerably via commercialization, turning sport into business can cause more negative effects on the general development of sport. Therefore, the commercialization of sport must be…

    • 250 Words
    • 1 Page
    Good Essays
  • Good Essays

    Recommendation Report

    • 1372 Words
    • 6 Pages

    During the past two months, we firstly finalized the estimated budget of our new project, the construction of Paintball Unlimited 2 at Lot 25, Jusco Ipoh. The estimated budget is at RM2.0 - RM2.5 million. We managed to secure the zoning approval to open up the premise. On confirming the location of the new premise, Lot 25 in Jusco Ipoh, which covers an area of 30,000 sq ft, we secured a two-year contract for the lease of the premise which will cost us RM240, 000 and will be paid in monthly installments of RM10, 000. Next, we hired Flooring Pte Ltd to construct the flooring required for the different sections of our premise. Painters Pte Ltd was then hired to repaint the premise as the old paint coat was peeling. The lighting for our indoor arena was contracted to Lighting Pte Ltd. However there was a three-week delay in the installation of the wall lighting which led to a delay in the painting of certain sections of the walls. We also ordered 5 thousand T-shirts, caps and key chains each, designed by Nickly Pte Ltd. as a paintball keepsake.…

    • 1372 Words
    • 6 Pages
    Good Essays

Related Topics