Reading Assignment You will read the following section of the Wikibook on Entrepreneurship: http://en.wikibooks.org/wiki/Getting_Started_as_an_Entrepreneur On this site, you will read all of the follo

Reading Assignment

You will read the following section of the Wikibook on Entrepreneurship: http://en.wikibooks.org/wiki/Getting_Started_as_an_Entrepreneur

On this site, you will read all of the following sections:

Identifying Your Customers
Evaluating the Market
Reaching the Customer
Start Spreading the News
Show Me the Numbers
The Competition
Profile: Cleaning Up
Profile: Marketing to the Poor

Next, read pages 1 – 3 at the following link on “The Ingredients of a Marketing Plan”: http://www.entrepreneur.com/article/43026-1

Then read “The Basics of Branding” at: http://www.entrepreneur.com/article/77408

And next read “Smart, Easy Ways to Find Customers”: http://www.entrepreneur.com/sales/findingprospects/article159542.html

Part 1

Consider a product that you enjoy using. Explain how you would begin to research the market to sell this product in Grenada west indies. What steps would you take?

Minimum words is 250.

Part 2

Think of an idea for a product or service that you think you might be able to sell in Grenada west indies. Create a general marketing plan, based upon the readings from this unit, and complete some basic market research. Include information about who your customer is, how you attract their attention, and how to determine the pricing of your product or service. Your journal entry should be at least 500 words in length.