ENT 420 Week 2 DQ 1: Evaluation of Entrepreneurs and Opportunities Write out you
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Question
ENT 420 Week 2 DQ 1: Evaluation of Entrepreneurs and OpportunitiesWrite out your entrepreneurial ideas in a 50-70-word entry, describing at least two ideas that entered your mind while contemplating taking this course. Prior marketing research is not required.
Each student must respond to at least two other students’ posts. In their responses, students should identify key characteristics that would be needed by someone pursuing the idea described.
This question is meant to get the "entrepreneurial engines" really going and stoke some creativity. And hopefully you see this as somewhat of a fun exercise. You don't have to have very detailed ideas but share with the class a couple of "problems" that you've identified and entreperneurial ways that might be able to solve them. ENT 420 Week 2 DQ 1: Evaluation of Entrepreneurs and Opportunities
Write out your entrepreneurial ideas in a 50-70-word entry, describing at least two ideas that entered your mind while contemplating taking this course. Prior marketing research is not required.
Each student must respond to at least two other students’ posts. In their responses, students should identify key characteristics that would be needed by someone pursuing the idea described.
This question is meant to get the "entrepreneurial engines" really going and stoke some creativity. And hopefully you see this as somewhat of a fun exercise. You don't have to have very detailed ideas but share with the class a couple of "problems" that you've identified and entreperneurial ways that might be able to solve them. ENT 420 Week 2 DQ 1: Evaluation of Entrepreneurs and Opportunities
Write out your entrepreneurial ideas in a 50-70-word entry, describing at least two ideas that entered your mind while contemplating taking this course. Prior marketing research is not required.
Each student must respond to at least two other students’ posts. In their responses, students should identify key characteristics that would be needed by someone pursuing the idea described. ENT 420 Week 2 DQ 1: Evaluation of Entrepreneurs and Opportunities
Write out your entrepreneurial ideas in a 50-70-word entry, describing at least two ideas that entered your mind while contemplating taking this course. Prior marketing research is not required.
Each student must respond to at least two other students’ posts. In their responses, students should identify key characteristics that would be needed by someone pursuing the idea described.
Explanation / Answer
Idea 1: On-vehicle advertisment
On-vehicle advertisements in the form of vinyl wrap on car doors is an idea that has a tremendous potential. In an era where the attention span is 140 words, to leave an indelible mark on the market, the marketer needs to have an out of the box idea to reach the relevant audience.
This is a win-win situation for both the advertiser and the person offering his/her space on the car. One can sell the advertising space on the car and earn money. The number of impressions for each ad is way more than the traditional advertising methods- billboards, radio, direct mail. More people can be reached through this advertising method.
Idea 2: Affiliate marketing
It is a type of marketing activity in which a business rewards affiliates if the affiliate brings forth a customer for the business through his/her own marketing effort.
People listen to other people in their community if these people are considered as experts in a particular domain. The marketer needs to choose a product, promote it and make a profit on every sale that results from the marketer's marketing effort. The easiest way to start an affiliate marketing business is through endorsing the product through a blog or website of one's own.
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