Headline Assignment

Using the list below- You and a partner are to write 5 new headlines for 5 different products using the headline guidelines listed below.  After writing the headline, create a slogan that helps describe the product.

1. Announcing
“Now announcing the secrets to acne treatment.”
“Announcing: Going out of business sale!”

2. Secrets of
“How to Discover the Secrets to Better Intimacy.”
“Order now, and Discover the Secrets of Success!”

3. New
“Now Announcing This New Secret That Everybody Is Talking About!”
“Discover New Secrets to Weight Loss!”

4. Now
“The Time To Buy Is Right Now.”
“There Has Never Been a Time Like Right Now!”

5. Amazing
“Order Now for Your Amazing New Kit”
“Now Introducing the Most Amazing New Vacuum Cleaner”

6. Facts (You Should Know)
“Facts You Should Know About Healthcare”
“Facts You Should Know About Weight Loss”

7. Breakthrough
“Click Here For Your Breakthrough New Report”
“Now Announcing a Medical Breakthrough”

8. At Last
“At Last, an Easy Way to Make Money Online!”
“At Last, the Answers You Deserve!”

9. Advice to
“Advice to Lower Your Mortgage Payments by Half!”

“Advice on How to Stop Acne Before It Happens!”

10. Truth of
“Do You Want to Know the Truth of How to Lose Weight?”
“At Last, Learn the Truth of How to Live a Better Lifestyle”

11. Protect
“How to Protect Your Family Even When You Are Away From Home”
“At Last, a Secure Way to Protect Your Investments”

12. Life
“Here’s How to Live the Life You’ve Always Dreamed About”
“Discover the Secrets to a Happy Love Life”

13. Here
“Here, You Will Find What You Have Been Looking For”

“If You Want to Get Rich Online, Start Here”

14. Discover
“Discover the Secret New Way to Protect Your Investment”
“Here is Where You Will Discover Secrets That Will Change Your Life”

15. Yes
“Yes, At Last, Your Search Is Over!”
“Yes, Send Me My Free Report!”

Monday April 4, 2016

 

Good Morning-

Sorry I am not here today, last minute change for a medical issue.  Hope you are all rested from the break.   Sorry I am not here today, last minute change for a medical issue.  Hope you are all rested from the break.

 

1st and 4th hour- Marketing Management

This is a 15 point summative assignment and can’t be made up unless absent today.

Create a circle map for each of the key words starting on pg. 113.

Options               Acceptance                   Mirror Image Rule

Bilateral acceptance                                 Unilateral Acceptance

Rejection by the offeree                           Death or Insanity of either offeror or offeree

Pg. 125  Duress                                        Recission

Economic Threats                                   Undue Influence

 

2nd, 3rd and 6th Marketing

Please go to my blog and read the two articles that I posted.  You are to read each article and summarize each. ( no less than half page per article)  Each article is worth 15 points each.

You can work with one other person on this assignment.

Go to my blog and it is under the marketing class blog.

 

Have a great day!

Article Review Assignment #2

This is a great article  that discusses a local start up Michigan business.  Read the following article and write a half page summary that explains how to use marketing in a business.  This article review is worth 15 summative points.

Title Boxing CEO John Rotche: Ann Arbor breeds entrepreneurship

ANN ARBOR — Entrepreneur John Rotche says he has always had a good foundation on which to grow.That same principle applies to growing a business, he says.

A solid foundation is the key to turning a business into a successful franchise because without a strong base, growing and expanding your brand can go very wrong very quickly, according to Rotche.

Knowing the proper steps to take to add franchisees, having the resources and proper plans in place is what took Ann Arbor-based Title Boxing Company from system-wide sales of $2.5 million in 2012 to just under $60 million last year.

“The reason we were able to do that is because we followed the right processes,” Rotche said. “By the end of next year, this brand will be $75-80 million.”

Year to date, the kickboxing and boxing gym chain is up 28 percent over last year and has been named the fastest growing franchise in the U.S.

Thanks to a new partnership with iconic boxing brand Everlast, Title will be opening one new gym a week in the U.S. and internationally. The partnership will allow Title to execute its concept in international markets under the name Everlast Fitness, where Everlast holds the naming rights for Title.

“We know the roots of boxing are really deep internationally, especially in Europe,” Rotche said.

The partnership also brought part of the Everlast brand into Rotche’s Ann Arbor-based franchise-development firm Franworth. In the year since it was created, the firm has secured five brands that it partners with to help grow the brand from smaller companies to franchised businesses.

With the partnership, Franworth provides administration, legal, franchise sales and more for the emerging company. In exchange, the business owners agree to provide support for the new franchises.

“The deal is, they have to come with the deal,” Rotche said.

So instead of the company just selling out to Rotche, the business owners bring the expertise of operating the business, and Franworth helps them grow the franchising side of it. Rotche said it works because he doesn’t know the first thing about making a latte, for example, but he knows how to grow a business.

Ann Arbor-based Sweetwaters Coffee & Tea is one of the brands that has partnered with Franworth and is now working to expand its locations beyond its Washtenaw County footprint.

“It’s been great. We’ve been able to get more exposure,” said Sweetwaters owner Lisa Bee. “For a very locally-based company, it’s hard for people to see us outside of our area.”

Bee went on to say her company has been able to find numerous ways to save money in terms of marketing and development due to Franworth’s relationships in the industry.

Rotche said it’s important to him to mentor growing businesses, because of the influences in his life that helped shape him.

Brand loyalty

Originally from Chicago, Rotche came to Ann Arbor after being recruited by Bo Schembechler to play football at the University of Michigan.

However, while he was being recruited, Rotche broke his neck and in an instant his dreams of playing football in The Big House were gone.

“I wasn’t ever supposed to walk again,” Rotche said.

Despite being recruited by several schools to play college ball, those offers were no longer on the table following his injury.

Except for one.

“When you’re being recruited, you’re everything to them until you can’t play anymore,” Rotche said. “Then you don’t hear from them anymore, with the exception of Michigan. Bo Schembechler said ‘I still want you on the team,’ and that was before I even knew how to walk again.”

Schembechler’s commitment to Rotche created a loyalty to the college and the city that sticks with Rotche to this day.

Rotche joined the team, where he worked with the strength and conditioning coaches in hopes of one day training athletes. Since he was no longer able to play himself, he thought that was a great career choice, but that didn’t come to be.

Along the way he diverted his path when he began working for Ann Arbor-based Domino’s Pizza. Working early on inside the Domino’s headquarters, Rotche spent his days running pizza from the on-site kitchen to various offices around the complex.

“My big promotion was going to a store that had a car so I could deliver pizza to people,” Rotche jokes. “When I look back, Domino’s Pizza was probably the greatest training ground that I could hope for.”

Eventually, Rotche began working with Domino’s founder Tom Monaghan, who became a mentor for the young businessman. After Domino’s was sold to Bain Capital, Rotche was recruited to work for Krispy Kreme donuts.

After helping take that company public, Rotche eventually left Krispy Kreme to focus on a business he bought in Ann Arbor called Ann Arbor Duct Cleaning. Rebranded as Ductz, the company became the largest duct cleaning service in the U.S., according to Rotche.

Rotche eventually sold Ductz and another business Hoodz – which focused on cleaning hood systems – to a Birmingham-based company, opening the door for Rotche to explore his next option.

Mentoring

In 2009, Jeff Dudan was in direct competition with Rotche with his business, AdvantaClean. Dudan recalls meeting Rotche at an industry conference and being blown away by his attitude.

“When we met, we both knew we were competitors and he was much further along with his business,” Dudan said. “Instead of being negative in any way, he was incredibly gracious. We talked and connected.”

During the conference, the various businesses were given 10 minutes to present their brands and concepts to a group on investors and interested parties. Dudan was shocked when Rotche spent half of his time supporting the efforts of AdvantaClean instead of promoting his own brand.

“John does business the right way. John understands the value of relationship. He brings value to the relationships,” Dudan said. “Sometimes it’s business value, sometimes it’s personal value.

“He continues to reach backward and lend a hand to people coming behind him.”

As with his plans to train athletes, another opportunity diverted Rotche’s initial focus when he got involved with Title Boxing.

“I was actually looking to be a franchisee of theirs. I was looking to open a Title Boxing Club here in Ann Arbor,” Rotche said.

Through his ties to U-M, Rotche has mentored former players in the business world for years and focused on helping companies franchise. So when he showed interest in Title, the gym chain saw an even bigger opportunity.

“I started a mentorship program to help other young business leaders, in particular in franchising,” Rotche said. “I’d been mentoring these folks when Title Boxing Company approached me and in 2012 I assumed control of the company.”

Title now has more than 175 gyms opened in the U.S. with 250 more in development in the U.S. and Mexico.

That experience led to the formation of Franworth last year and spurred the partnerships with Sweetwaters and Everlast.

For a brand trying to grow beyond just being known as an Ann Arbor coffee shop, Bee said Sweetwaters couldn’t have asked for a better partner.

“In just the initial conversations that we had, John had a lot of the same values that we have. He’s a very steady, calm, very approachable person,” Bee said. “Anytime there are questions that come up or issues that need to be resolved, it’s always a very thoughtful way of handling it. That resonated well with us.”

Another brand under Franworth control is Spavia, a Colorado-based affordable-spa service with seven locations in the U.S. and nine under development. Franworth is also working with Kalamata, a Michigan-based Greek street food restaurant with locations in Troy and Royal Oak.

Along with his efforts in Ann Arbor, Rotche is a member of an NFL bootcamp that helps football players transition into their lives after football and how to properly invest their time and money.

And while his day jobs keep his plate full, Rotche couldn’t resist when he was recruited once again by a Michigan head football coach. When Jim Harbaugh returned to Ann Arbor last season, he asked Rotche to be a part of the program.

Harbaugh was a senior during Rotche’s freshman season as part of the team. Rotche is now the associate director of football operations at U-M and helps with a list of tasks, including staffing various offices, recruiting and post-football success.

“It’s a lot of fun because when I’m not growing these businesses in here, I’m working down at 1200 S. State St.,” Rotche said. “I take special pride in being able to mentor the incoming players.”

Because of his success in the business world, Rotche said he’s able to show the young players that not only are the resources at Michigan to help them succeed on the field, there are people in the program who can help players transition to the next phase in their lives once football is over for them.

“I think I was meant to help mentor other people, and that’s my world now,” Rotche said.

Staying in Ann Arbor

Growing his company and the success of the brands he partners with in Ann Arbor is important to Rotche, he said, because he feels the city embodies an entrepreneurial spirit.

“Michigan is a hot bed for franchising in general,” Rotche said. “Ann Arbor is such a vibrant community, and it breeds entrepreneurship.”

He points to companies like Little Caesars, Molly Maid, and Domino’s as examples of local companies that are growing and seeing great success. Rotche is also proud of the international recognition that Ann Arbor has received in the business community for the entrepreneurs that have come from the city.

In 1992, the International Franchise Association recognize Monaghan as the Entrepreneur of the Year. In 2002, David McKinnon of Ann Arbor-based Molly Maid won the same award and in 2012 Rotche was the recipient.

With three internationally recognized entrepreneurs building their companies in Ann Arbor, Rotche said it just make sense to keep his company in the city.

Building Franworth in Ann Arbor was part of the reason Rotche agreed to lease the entire second and third floors of the former Selo/Shevel building on the corner of Main and Liberty in Ann Arbor. When the property was remodeled by developer Reza Rahmani, Rotche decided he wanted to move his new company into the space, particularly because of what it means to Ann Arbor.

“We’re so proud of the building because it’s such an iconic part of downtown,” Rotche said.

When the building was finished, Rahmani named the building The Franworth Building.

And while having his company name on the building is an honor, Rotche said he’s just as proud of being able to help people in the city grow their businesses and realize their dreams, just as he was able to achieve his.

“Michigan has been such a part of me and making me who I am, the opportunities that it’s given me,” Rotche said. “Ann Arbor is home for me.”

Matt Durr is a business reporter for The Ann Arbor News. Email him atmattdurr@mlive.com or follow him on Twitter.

  • FOR SALE

    Novi, MI

  • FOR SALE

    Canton, MI

 

Article Review Assignment #1- April 4, 2016

This is a great article that summarizes how a business uses marketing.  Read the following article and write a half page summary that explains how to use marketing in a business.  This article review is worth 15 summative points.

Shark Tank’ Star Robert Herjavec’s Top 5 Small-Business Marketing Tips
MARCH 28, 2016
When Robert Herjavec wanted to start his own company, people discouraged him. They said he couldn’t do it. He had zero experience, he didn’t have a business degree and he knew nothing about running a business.

The headstrong Shark Tank star investor steamrolled ahead anyway. In 1990, he launched his first company, BRAK Systems, which he later sold to AT&T.

“I only knew that I loved what I do and how to work hard,” Herjavec told Entrepreneur. Today, Herjavec Group, his Toronto-based Internet security firm, has grown from three workers in 2003 to 220 employees strong, and it’s on pace to bank $150 million in revenue this year, according to the company.

Related: Shark Tank Star Robert Herjavec on the 5 Worst Sales Sins

Herjavec’s commitment to taking the risky entrepreneurial leap — despite the naysayers, and he had plenty of them — has more than paid off. So what if he didn’t have formal training? He also didn’t possess the needed marketing know-how, at least not at first and not all on his own. But that was fine by him.

“Like many entrepreneurs, we didn’t really know what to do at first,” he says. “As a startup, it’s almost overwhelming. I learned that’s where a third party comes in to help you. They take the marketing pressure off so you can do more of what you love to do — your business.”

Countless marketing agencies the world over aim to do just that. One such company is Deluxe Corporation. Herjavec announced a new partnership with the Shoreview, Minn.-based firm last week. Together, they unveiled a series of small-business marketing videos. The short “Behind the Business” vignettes feature the multi-millionaire celebrity entrepreneur alongside a few of the companies he’s invested in on Shark Tank.

1. Target your customers where they hang out on social media.
Simply having several social-media accounts for your company isn’t enough. To fully leverage the potential for acquiring new customers on social media, you must also market to them where they live online.

“With Facebook and other social platforms, you can have highly targeted marketing campaigns to attract customers who are interested in the product or service that you have,” Herjavec says. “Find the user groups they meet up in on social and win them over there.”

Related: Shark Tank’s Robert Herjavec on Great Business Pitches and Why Sales Reps Need to Be Chameleons

As an example, he points to The Natural Grip, a fitness product startup he invests in. The company makes special gloves for people who do Crossfit, gymnastics or lift weights. “That community, athletes, really likes to hang out in certain places on Facebook and we went there to find and engage them,” he says.

Marketing direct to potential customers on active fan pages and buzzy user groups within the popular social-media mecca turned out to be a smart move. It gained the sporty startup a grip of new customers, according to Herjavec.

2. Don’t be afraid to sell direct online.
Even as the ecommerce economy continues to surge, many small businesses old and new still don’t have shopping carts on their websites. Herjavec says failing to sell directly online is “foolishly leaving money on the table.” He believes that if your customers trust and believe in your brand, they’ll buy what you sell on the Internet.

Of those that do offer online shopping, the feature is often set up so poorly that it frustrates and confuses customers. The result: Potential buyers end up abandoning their shopping carts altogether and the sale is dead on arrival. “It quickly becomes such a hassle to go through with the transaction that they say ‘forget it,’” he says. “Don’t let that happen.”

If you don’t know how to set up an online shopping cart, Herjavec suggests leaving it to the pros. “There are lots of great companies that can handle it for you.”

3. Use stunning imagery to grab customers’ attention.
“People are very busy and the first thing that hits them in any marketing communication is a really pretty picture, not words,” he says, “and I know that sounds really trivial but that engages people and gets them to look at more of your outreach.”

Herjavec’s onto something here. Visual imagery is often more immediately engaging than monotonous walls of text, as the brain is widely believed to processes visuals thousands of times faster than text. Images transmit messages in an instant, not only making your marketing messages pop, but also rendering them more memorable, too.

4. Market to your customers how they like to be marketed to.
“Your customers have a certain amount of information they’re willing to absorb about your brand and certain ways they like to receive that information in over a certain amount of time,” he says. It’s your job to pay attention and learn how they are best marketed to.

How much information can they handle with each outreach? How do they prefer to be communicated with (via social-media updates, e-newsletter, text notifications, etc.)? How much communication is too much and how much is not enough? If marketing email subscribers start dropping off, find out why and adjust accordingly.

Related: 3 Online Marketing Strategies to Kick-Start Stagnant Sales

When it comes to Herjavec’s own contact preferences as a consumer, he feels being marketed to by email once every couple of weeks is more than enough. “I’m a big car guy, so a lot of the car companies market to me, but they’ve learned when enough information is enough for me and that’s once or twice a month,” he says. “Once a day is too much.”

5. Hire a marketing agency so you can do more of what you love.
Outsourcing your marketing needs to an agency dedicated to taking your brand awareness to the next level frees you up to get back to business. If you don’t have the budget to hire a marketing firm, Herjavec suggests partnering with someone you trust who has successfully marketed their own business.

Whatever you do, he says, don’t take the whole job on yourself, not if you don’t have the experience to back it up.

Related: Get the Most Out of Your Marketing Agency in 5 Ways

“I always say, if you’re not a marketing person, you didn’t start the businesses to do marketing, so don’t do it,” he says. It’s crucial that you focus your energy as a small-business owner on the core reason you started up in the first place.

“You wanted to take on the world with the product or service you had, that did something better than anybody else. And that was what you were passionate about, that that’s what caused you to quit your job, get a second mortgage or whatever the reason was.”