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Humber College Management Marketing Strategy Question

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Description

This business would be named as ShoPEASY to justify the easiness of shop on our website. Also, the domain is named after a common phrase Easy-Peasy. We intend to have “shop Easy-Peasy” as a tagline.

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Due to advancement in technology and networking, this business is extremely lucrative. A good thing about this business is that we do not need to maintain a specific amount inventory due to print on demand idea and thus reducing potential product failure or business loses. Also, easiness to manage the business virtually from anywhere is the key to handle it effectively.

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Our target market would widely be Youth as they like to be updated with trends and are easy to influence but we would be providing major types of wore apparels to increase our audience and provide everyone with their custom needs, sizes, and a touch of modern fashion.

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The main reason that they should buy from us is that we are constantly updating our products based on current social media trends for youth, funky cool tops based on their catchiness etc. Secondly, we provide hassle free payment methods including Pay on delivery and last but not the least, we are providing cloth material choices for individuals.

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Our revenue method is based on cost plus theory, meaning that we will charge a certain percentage as profit of the total expenditure that is accumulated from product build to its delivery.

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For e.g., material cost +printing cost+ packaging cost + delivery charges= product cost… Now product cost * 30% + product cost = Selling price

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In our current practice very lesser capital is required to start however we intend to raise capital mainly through personal borrowing and crowdfunding.

Below I have attached a file for this assignment. everything should be in Canadian context. If there any issue let me know before you start work.

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