¶ … Social Network for Racers
Business PLAN
RacerTimes.com provides a social media platform that can be regarded as the very first dedicated international hub of the automotive and motorsports industry. It is posed to benefit both users and client by its user friendliness as a platform which helps the automotive and motorsports industry connect and understand their clients in the delivery of an endless variety of schemes which exposes and improves motorsports and social media marketing in many ways.
The growth in the motorsports advertisement industry has seen it develop into a multi-million dollar industry (DeMoss,2012).The social media as a collaborative and advertisement platform is noted to have a key role within the motorsports industry (Street & Smith,2010). The company will also partner with other media companies in realizing its marketing objectives as noted by Bode (2010)
At RacerTimes.com, we are gearing to execute a unique business model supported with an award winning revenue growth model coupled with very low operating costs. Most of our revenue will be derived from sponsorships, events organization initiatives, sale of branded products as well as monthly subscriptions to our online RaceTimes products. Assuming that we complete out capital raising prospects by mid next year, RaceTimes would be able to expand its sales as well as marketing initiatives to help in establishing a dependable revenue base. As if January 31,2011, RaceTimes had $800,000 in cash and another $500,000 in operating as well as capital lease obligations over the coming...
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