Bussiness plan - Research Paper Example

This is a leading factor for the adaptation of technologies and products that lead to the recycling of by-products from the environment. The recyclable compactor is something which the targeted markets will adapt. The reason for this is because those components that are considered as wastes can be compacted in a way that will make them easily disposable or easily adaptable to recycling. Growth Potential The market for the product is in the process of picking up. The main reason for this is because people are continually looking for ways through which wastes can be disposed in a better way.

The whole concept is also new altogether. Initially people have been so much used to the idea of just having a regular bin for disposal of wastes. However, in the recent past contemporary and better methods are being adapted for all activities that are associated with waste disposal. This is a fact which will make the growth of the market something which will pick up in the near future. Associated Risks The positivity which is associated with this market is something which cannot be mentioned without looking at the negatives.

There are also some potential risks which are associated with this product. The first risk which is easily identifiable is that of rejection by a significant part of the targeted market. . Marketing Channels Various businesses use different approaches in the course of their marketing. It is imperative to note that the method, which is to be used, is largely dependent on the expansive market. The financial outlay is something which will influence the methods of advertising and marketing. The first thing, which is rather noteworthy, is to gain an understanding of these international markets.

Thorough analysis has to be undertaken before the firm can even think of venturing into these markets. A feasibility study regarding the success of the business has to be done. This is particularly pertinent as it will serve to point out whether the business will stand a chance of success in the new market. This is as opposed to going blindly into these markets without prior knowledge. There are new and emerging trends, which business are employing in the course of their marketing. In this case, the first one which cannot go without mention, is the use of the internet.

Firms have come to realize that as opposed to the internet being only a source of information, it has stood out to be a highly effective tool when it comes to marketing. The main reason for this is because, through the internet a large audience can also be reached. This is a sort of strategy which has proven to be rather effective since to a greater extent it is cost-effective on the part of the business. At the same time, it is rather easy for the consumer to access this form of advertising beating in mind the wide internet usage in the present time.

Delivery Methods There are a number of methods of delivery which can be looked at depending on the location of the customer. The markets in this case are in South and North America. The