Scenario:
If a virtual business understands who their target client is, it sets a foundation for forecasting sales, estimating expenses, and deciding the best method to communicate to those potential customers. The marketing strategy for your virtual business is the most essential component of the strategic business plan. The group of angel investors is looking forward to better understanding your marketing capabilities and innovative ideas. Most importantly, your pricing strategy for each virtual business product will be critical to thoroughly explain and present. Complete the following requirements for Part 2 of this strategic business planning process for your virtual business:
What would the distribution and logistics of a product such as GPS enabled watches for kids for a business. What are examples of how to penetrate your target market. Explain what kind of placement is necessary to promote your brand and feature your products to your target market.
Describe any key sales activities that is use to build and maintain a sales pipeline
Explain the essential elements of the sales process (i.e., staffing, commissions, and quotas)
