"The 4Ps of Marketing" Please respond to the following:
• From the e-Activity, imagine that you are pitching your favorite social media site to the “Shark Tank” panel for a possible investment opportunity. Examine the 4P’s (price, product, place, promotion) of your favorite social media Website. Create a brief pitch for the social media site to present to the “Shark Tank” panel.
Note: I had to look up what social media was. I guess I need to get caught up into this modern world.
Thanks to the internet, social media has become one of the most diverse ways to find out information or connect with friends. Facebook is the most used and offers a lot more information than perhaps we should provide. The amount of time spent on this site is another factor and some may even have become addicted to the site. I believe other life requirements ( job, family, etc...) are placed on hold on order to respond to someone's thread. How often do you spend each day making a post, replying to one, and even hitting that little thumbs up button?
For 15 percent control of my business with a two hundred and fifty thousand investment, you will become part of getting your normal life back. Ello is a new alternative to facebook which increase awareness of privacy, no like button, and friends are more like followers on twitter. Sure we are in the beta stages but we are adding members even as we speak. The price is right (free) for the users and we make our money the same way like other sites through marketing and advertisement. Internet has differently made a huge impact and will continue to do so in the future. Your investment will use to assist with the extermination of bugs and provide a viable resource to the human population. Not only will you be on the ground floor but you also will be on the tip of the tongue of other investors. Once the product is ready to hit the market, an all out attack will be release to inform, persuade, and promote our service. So help me to help you and others to regain some of our personal life back and return to our life more important factors. Thank you for your consideration. Any questions?
• Examine the components of a marketing plan. Determine the component you believe to be the most important and the component you believe to be the least important. Provide a rationale for your response.
Although the marketing plan is a good mix and each plays it part in the overall scheme of things, I would