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Lost Cabin Media Business Plan. Jessie Senglaub, Josh Tompkins, Phil Ogaard, Luke Peterson. Marketing. Unresolved Problems Artists do not have a professional venue to value and showcase their wears to the world. Is the market big enough for Lost Cabin Media?
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Lost Cabin MediaBusiness Plan Jessie Senglaub, Josh Tompkins, Phil Ogaard, Luke Peterson
Marketing Unresolved Problems • Artists do not have a professional venue to value and showcase their wears to the world. • Is the market big enough for Lost Cabin Media? • Will the market be profitable for Lost Cabin Media?
Distinct Competency Product Leadership • Service provided by no other website • Professional site for artists, employers, general public • Too soon to claim customer intimacy, operational excellence, monopoly, or brand
Positioning Statement For employers and professional artists our service of providing a new way to connect and upload content on the Internet is the most professional among all of the existing websites on the Internet because our professionalism and proven operations will bring people to the site. The positioning statement for Lost Cabin Media is strong because there is no other website on the Internet today that provides the same services as this company.
Programming Costs Team Build
Marketing Costs Very high marketing spent to ensure market capture • $300k in year one • 10% through year 5, 2% growth thereafter
Manager Costs One manager will be needed in the first year of operations. Additional managers will be hired in year 3 and year 5.
Cost for Reviews A core advantage to using Lost Cabin is the potential for professional review. Art will be reviews by a professional in the industry upon receiving 200 independent peer reviews and achieving a 9 out of 10 rating.
Credit Card Fees Year one total transactions (upload and download) is expected to be just over 627 thousand.