Entrepreneur Activity

Today I am very happy because I completed entrepreneur activity successfully. Really I didn’t expect that all products will be sold within a day. This is best opportunity to learn marketing skill through this activity. Today I sold Gokak Special sweet (karadant). 

I Invested money on the product Rs.      1280

Money returned                                     1556

Invested money on the product           1280

Gross Profit ( 1556-1280)                       276

Deduction (Transport Charge+Table and Chair charge) 276 – 110= 166

Net Profit = Rs. 166

Strategy:-

     1)   Identify the right place

     2)   I kept one packet for demo

     3)   Put/show of products in different angles

     4)   Put written board of product

5)      Tried to sell two packets to each person    

Challenges:-

1)   Meet the college student by product

2)   Convince people to buy product

3)   Selling  all the goods within a day

 

Lessons Learnt:-

1)   Most of the boys prefer purchasing on girls shop not boys.

2)    Both fellows together hire chair and table or place.

3)   Before selling any product in any place, identify which category people are more and their wants. 

4)   More concentrate on all people uses product

Next time if were to do the same marketing job what would like to change

1)   Not only put sweet items with also some other items.

2)   Try to reduce bus fare and hire of the chair and table