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Increasing the Sales of Wall Words, Inc. Report by: Do Duong Dennis Ravelo Ken Smith Cynthia Soriano.

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Presentation on theme: "Increasing the Sales of Wall Words, Inc. Report by: Do Duong Dennis Ravelo Ken Smith Cynthia Soriano."— Presentation transcript:

1 Increasing the Sales of Wall Words, Inc. Report by: Do Duong Dennis Ravelo Ken Smith Cynthia Soriano

2 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

3 About Wall Words Business AdsMonogramsFunny Quotes Home DesignInspirational Quotes

4 2010 Sales The majority of sales came from decals in the form of words, sentences, and phrases

5 2010 Quote Sales

6 Competition Limited customer expansion

7 Source: Wall Words’ Sales Reports Sales dropped 30% from 2008 to 2010 Problem

8 Generation Y Composed of individuals aged 18- 34 AKA Millenials, Gen buY and Generation Me $200 billion annual spending power First generation to be exposed to technology from an early age Demands personalized attention from businesses Increase Sales by marketing to Generation Y

9 Alternative 1: Magazine Advertising: Pros Pros Loves magazines Magazines are the most effective traditional advertising method

10 Alternative 1: Magazine Advertising: Cons Cons Limited reach Expensive: Minimum $24,403 per year

11 Alternative 2: Social Media: Pros Pros Inexpensive Reach many users daily Most effective method Source: L2 Gen Y Affluents: Media Survey Relative Audience: Facebook Reach vs Circulation Reach

12 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

13 Alternative 3: University Campuses and Dormitories Pros Direct contact with Generation Y Inexpensive marketing strategy Cons Least effective marketing strategy

14 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

15 Recommendation Wall Words can most effectively increase its sales by using social media to advertise to Generation Y.

16 Moving Forward 1.Hire Gen Y consultant 2.Immediately create Facebook page 3.Redesign website to attract Gen Y 4.First mover advantage

17 Questions & Answers


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