Monday 25 October 2010

Enterprise 18.10.10

Lecture 4

How to successfully promote yourself in six easy steps

Marketing communication mix sponsorship, public relations, advertising, trade fairs, merchandising, exhibitions, personal selling, publicity, sales promotion, direct mail and direct responses marleting communication mix
Murray and O'Driscoll 1996

1. Get their attention

Memorable business card
Advertising, events, radio interviews, write articles, exploit social media, publicity

2. Build their interest

website, portfolio, information packs, catalogue, curation, exhibitions,

Always have some of your work with you

3. Convince them

Artist statement, recommendations, testimonials, awards, community engagements, professional bodies, charity events

Clients email to say thank you
Convince them of people you have worked with before

4. Make your offer irresistible

Value proposition, pricing strategies, packaging, try before you buy, recommendations, differentiation

5. Close the sale

Convenience, buy it now, right place, right time, delivery, personal selling, interactive website

Say to the client is there anything else

6. Reinforce

After sales advice, advertising, public relations, longevity, merchandising, maintaining contact, building relationships

Johnny Cupcakes

AIDA

Attention, interest, conviction, desire, action

Initiative

Promotions
advertising
events
radio interviews
write articles
blog, publicitiy


Educate
Website
portfolio
info packs
catalogue
exhibitions

Confirm
Artist statement
recommendation
testimonials
awards

value
value proposition
pricing
strategies
packaging
try before you buy

Transfer
buy it now
delivery
personal selling

Support
after sales advice
advertising
public relations
building relationship

attention, interest

Target your market
do not generalise
how do we define customers

selvedge- advertise
magazine- website

market segmentation

media usage
newspapers
magazines
radio/t.v
internet
social media
trade magazines
public space advertising

specialist industry magazines
marketing magazines
business magazines
radio- in the car
airline magazine
industry exhibition
conferences
networking events
borad sheet newspapers

Consumer segmentations
demographics
geographical factors
lifestyle
media usage

Monday 11 October 2010

Enterprise 11.10.10

Lecture 3 Value- What are you worth?

Drucker-1985 innovation is the tool of entrepreneurship
Innovation and entrepreneurship demand creativity

Mihaly-1997
Hockney's 'Bigger tree's near water' Now demolished 'Slaughtered'
The tree not long after was cut down bringing a lot more attention to the painting

Philip Kotler
C- Creating
C- Communicating
D- Delivering
V- Value
T- To a target market
P- Profit

Making something you know people need/want rather than pushing something on them

Customer management

Insight

Maslow's hierarchy of need












Where is the money?

Greatest human needs= Greatest market potential

Food industry
Housing
Utilities
Medicare
Transport
Construction
Insurance
Water
New technologies

Reduced human needs= Lower market potential

Organic farming
Holiday cottages
Home insulation
Health spas
Luxury sports car
Conservation Religion
Swimming pools
Alternative technology



Mission statement/value proposition

Specific aim

Objectives-how

BBC Mission and values
Our mission
To enrich people's lives with programmes and services that inform, educate and entertain.
Our vision
To be the most creative organisation in the world.
Our values
Trust is the foundation of the BBC: we are independent, impartial and honest.
Audiences are at the heart of everything we do.
We take pride in delivering quality and value for money.
Creativity is the lifeblood of our organisation.
We respect each other and celebrate our diversity so that everyone can give their best.
We are one BBC: great things happen when we work together.

Objectives change every year


Leeds College of Art Mission and values
Mission
The College's mission is to continue to provide a distinctive education in Art, Design and the Crafts, enabling our students to fulfil their creative ambitions and to progress to, and through successful careers
Values
The College's values are the development of a fully integrated learning community based around the arts, crafts and design in which students are treated according to their need, with parity of esteem irrespective of their background, race, gender, age, ambition, previous education and subject or level of study

Monday 4 October 2010

Enterprise 04.10.10

Enterprise lecture 2
Ideas and opportunities

What is an idea? Read a serious newspaper once a week.
What is an opportunity?
Environmental factors merge
The right conditions
The right place
The right time

Inventions before their time- Helicopter, flying machine, machine gun, parachute.
Politicians couldn't see any benefit.
Economics were fragmented
Society had no need

Right time
The concorde
1988- First fibre optic cable was laid
1950's- Computers in commercial use
1961- Silicon chip
1969- Internet invented
1970- Fibre optic cables
1971- Microprocessor
1990- html developed

Political, economic, social, technological
Aware?
Do you have and informed opinion on it?

Politics are local, national and international.
Trade laws, tax breaks, human rights, legislation

Read wired, guardian, economist

Work- Life balance
Eco- Aware
Debt recovery, grow your own, ageism

The pest analysis

What kind of creative are you?
Evolutionary, revolutionary
Manager, opportunist
Cautious, risk taker

Owner entrepreneur- Interior design, project manager, co ordinator, collaborator

Owner manager- Creative with assistance, small practise of creatives, co operative, retail

Owner worker- Artist, craftsperson, one man band

Where do opportunists come from?
Trends, technical developments, political change, economic boom and slump, human need, Richard Branson virgin atlantic, problems, research.

Technology- push, market- pull

Where does the creative fit in?
Communication- Project manager skills
1. Define the problem
2. Build confidence
3. Problem solving
4. Risk analysis
5. Physical resources
6. Planning
7. Human resources
8. Quality control

Opportunity
Skills- Technical processes
Aptitudes- Team working
Entrepreneurs do not do it alone
Predisposition- Risk/caution
Evolution/revolution/manager/opportunist

Look at your competitors
How many are there?
How well are they doing?
What do they do well?
What could you improve on?

Assessing competitors
Strengths
What can you learn from the things they do well?

Weaknesses
What are they not good at?

Opportunities
For you or your practise

Threats
From macro enironment

4P's
Price, product, place, promotion

Access the quality of opportunity for me, for the customer, for the planet, for other stakeholders.

Internal environment
Your skills
Your resources
Your lifestyle

Micro environment
Your network of friends and associates, competitors and other practitioners
Your suppliers
Your local community
Stakeholders

Macro environments
World market conditions- Currency, populations, cultures
Economics- Exchange rates, wealth, debt
Technology- Supporting, emerging, alternative
Social trends- Trends, behaviours, demographics, needs
Politics- Legislation, tax, war
The environment



Enterprise

Maslow Hierarchy

1. Physiological needs. (Rent, Council tax, Gas and electricity)
2. Safety and security needs. (Home contents insurance, Pension contributions)
3. Love and belonging needs. (Mobile phone, membership fees, gifts for friends and family)
4. Esteem needs. (Cosmetics, clothing)
5. Self actualisation needs. (Newspapers, books, charitable donations)
6. Travel and personal transport costs. (Bus, train, MOT, Petrol)

Total you spend minus £6499 divide by 5 = X amount plus original amount

Enterprise

How to get yourself 'Out there'
Enterprise lecture One- 27th September

Design council- Government.
87% of small companies have less than 10 people in them.
The Arts Council- Performance arts and music arts, also government.

Marketing
1. Identify customer needs to develop new products.
2. Develop pricing strategies.
3. Promote products to a target market.
4. Identify distribution networks.
5. Add value to your product through customer benefits.
6. Monitor the performance of the products.

Understand needs, develop concept, test concept, refine concept, market product, get feedback.

Feedback using social networking.

Value Proposition
1. Make it short.
2. Be specific.
3. Use your customer language.
4. Pass the 'Gut feeling test'

Internal

Past-
Skills
Personality
Ambitions
Key interest
Values

Future-
Marketing plan
Key objectives
Opportunities
Collaborations
Resources

External

Past-
Awards
Competitions
Testimonials
Press Articles
Exhibitions

Future-
Customer needs
Social trends
New technologies
Political pressures
Economics
Environment

For an interesting personal statement cover all 4 of these.

Networking events
Gallery openings
Craft fairs
Art markets
Trade shows

Seth Godin- Social networks

Negotiate and close the deal. Invoice- agree the price first, does it cover your cost? travel, time etc

B2B Business to business.

Service organisation.

Basic principle of marketing. 4 p's product, price, place, promotion.

Product
The service you offer, the work you produce, your creative input.

Price
Relative pricing level, daily rate, royalty, free.

Place
The best location to sell it. The sales environment, the service you offer.

Promotion
Marketing method, branding, your value proposition.

Create something unique in your industry. Great promotion. Showcase yourself. Let your customers know who you are.