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Increasing the Sales of Wall Words, Inc. Report by: Do Duong Dennis Ravelo Ken Smith Cynthia Soriano. Proposal Purpose. The purpose of our proposal is to increase the sales Wall Words, Inc. Our proposal will increase sales by marketing to a new demographic. About Wall Words.
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Increasing the Sales of Wall Words, Inc. Report by: Do Duong Dennis Ravelo Ken Smith Cynthia Soriano
Proposal Purpose • The purpose of our proposal is to increase the sales Wall Words, Inc. • Our proposal will increase sales by marketing to a new demographic
2010 Sales • The majority of sales came from decals in the form of words, sentences, and phrases
Competition • Limited customer expansion
Problem • Sales dropped 30% from 2008 to 2010 Source: Wall Words’ Sales Reports
Generation Y Increase Sales by marketing to Generation Y
Alternative 1: Magazine Advertising: Pros • Pros • Loves magazines • Magazines are the most effective traditional advertising method
Alternative 1: Magazine Advertising: Cons • Cons • Limited reach • Expensive: Minimum $24,403 per year
Alternative 2: Social Media: Pros • Pros • Inexpensive • Reach many users daily • Most effective method Relative Audience: Facebook Reach vs Circulation Reach Source: L2 Gen Y Affluents: Media Survey
Alternative 3: Social Media: Cons • Cons • Competition with established brands • Older generation may have a hard time • It will take some time for Wall Words to fully establish itself on social media sites
Alternative 3: University Campuses and Dormitories • Pros • Direct contact with Generation Y • Inexpensive marketing strategy • Cons • Least effective marketing strategy
Conclusion • Alt. 1: Magazine Advertisements • Effective but expensive • Alt. 2: University Advertising • Direct contact with Gen Y but flyers are easily dismissed • Alt. 3: Social Media • Most effective but must compete with established brands for Gen Y’s attention
Recommendation Wall Words can most effectively increase its sales by using social mediato advertise to Generation Y.
Moving Forward Hire Gen Y consultant Immediately create Facebook page Redesign website to attract Gen Y First mover advantage
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